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Started By
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re: Rent help?
Posted on 8/5/13 at 2:56 pm to Camp Randall
Posted on 8/5/13 at 2:56 pm to Camp Randall
I used Craigslist and a sign in the yard. Did not negotiate on rent and ran credit checks on prospective tennants with a $25 non refundable fee.
The credit check seemed to scare off the deadbeats. I checked because I did not want to see an eviction for non payment of rent. Also realize that they are renting for a reason and credit will probably not be great.
Pets: non-refundible pet fee, make it like $1,000
Deposit: 1 month rent.
Might also be smart to require the tennant to get renters insurance in the lease.
The credit check seemed to scare off the deadbeats. I checked because I did not want to see an eviction for non payment of rent. Also realize that they are renting for a reason and credit will probably not be great.
Pets: non-refundible pet fee, make it like $1,000
Deposit: 1 month rent.
Might also be smart to require the tennant to get renters insurance in the lease.
Posted on 8/5/13 at 3:00 pm to eng08
$1000 non refundable pet fee? Damn son
Posted on 8/5/13 at 3:02 pm to eng08
quote:
Also realize that they are renting for a reason and credit will probably not be great.
Really? My credit is great, my rent is higher than the average american makes in a month, that's pretty ignorant school of thought. There's people in my building with $15K/month rentals, you live in a bubble if you think people rent bc they can't buy. I'm renting for $500 more than my landlord pays in taxes and maintenance. When you factor in insurance, the fact $300 of cable and internet are included, the fact I pay $120/month of electricity on a 2200 sq ft condo, and the fact I'd need at least $200K down to buy this place, I have a steal at what I pay.....It would easily cost me $5k more a month than Im paying now in the form of a mortgage to buy it. Buying isn't always the best option, if you can afford it you can get more bang for your buck as a renter, sure you lose on equity, but I'm not worried in the long run bc I have businesses and investments that offset the loss of built equity.
This post was edited on 8/5/13 at 3:06 pm
Posted on 8/5/13 at 3:02 pm to eng08
quote:
Pets: non-refundible pet fee, make it like $1,000
Well most appts I would say run $300-$500 in BR. So for a house with a yard I'm fine with this as they shouldn't have the mess and problems.
Posted on 8/5/13 at 3:11 pm to eng08
quote:
Pets: non-refundible pet fee, make it like $1,000
LOL, way to run off perfectly good tenants. My last land lord wanted to meet my dog, 90 lb rott. After meeting him, and us, he offered for us to have him with no deposit, but we would pay for any actual damages. Moved out a few months ago and got our full security deposit back. We gave him 2 years of easy on time rent and did updates to the yard and some appliances we left. We never would have considered him if he had a ridiculous pet deposit like that, and he'd have missed out on free upgrades and good tenants.
ETA: I wouldn't consider anywhere with a non refundable deposit for anything. Too many places without them for me to just piss that money away. You'll run off good people with big non refundable deposits.
This post was edited on 8/5/13 at 3:14 pm
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