And that is, for many of us, our "word" is an important thing. When we make a deal, we agree to abide by the terms of that deal regardless of the outcome. If our property price went up, we would not share the profits with the lender. Similarly, if our property price collapsed, we would not expect the lender to take the loss. This is simply the way many of our are built and I, personally, cannot imagine doing things any other way.
But I know that times are changing and your way of thinking is increasingly prevalent. The problem that some of us have with this new way of thinking is that we no longer know how to evaluate a person. If a person walks away from his olbigations when it is convenient for him on one occassion, we are no longer sure whether he would do it again on a different occassion.
That's what causes us to be afraid to do business with such people. I hope you do not take my post as personal criticism. I am more disappointed with the overall trend in society towards strategic breaks of promises than towards your individual decision.
And I am merely trying to explain to you how many others view this situation so that you can understand our perspective the same way we understand yours. It has been stated on numerous threads why landlords don't take pets. You can have the most behaved pet in the world and just one flea catches a ride into the house. Or the cat kills a bird or mouse and hides the verminous carcass somewhere in the house.
Plus, I hate cat hair on the carpet, in the drapes, stuck to the ceiling, etc To add to Vikram, many of us dont see our property as having a value because it is not a financial investment but an investment in our happiness and stability.
If we have a mortgage we found one that works for us and planned on having that payment every month to live in a house. It does not matter what the house is worth becasue our investment in housing is our rentals not our primary. People in this counrty have and in the EU have some sort of saving problem and it is taught to us at an early age that our house is an invesment.
Maybe like Texas, we should change the books and teach kids another approach to home ownership based on morals not money. Leave the money part to your business life not your home life. His credit should be shot like s or worse.
Jeff, I was thinking more of ability to pay that could be documented by pay stubs, etc. Buy you are right, a foreclosure will kill his credit rating for some time. And you are right about teaching our kids. I could comment on how the "me generation" has screwed up our economic and social systems for a long time! Although in this case it seems that Ryan did things right But having his truck broken into 2 times, neighbors having their homes broken into, the change in neighborhood demographics, etc.
I don't agree with strategic defaults in general, but this may have merit. You wouldn't meet my screening criteria. I don't use credit scores alone, I look for specific items. A real estate item present disqualifies you. Same as an outstanding rental balance. It's nothing personal. If I where in your shoes If a guy makes x's the rent and can prove it and has never missed a payment on anything in his life other than his home that he lost his tail on in boom times I would rather have a renter that would keep my place in perfect cond over a possible slob with a credit score Just saying Anyway looks like my house has an offer as of last week, just waiting for the slow as molasses bank to do it's thing.
We ended up going the short sell route and have bought another place that should close by the end of Aug so I don't need a rental, but thanks to those that gave constructive criticism on the matter and didn't give me too much of a hard time on my financial situation.
God bless :D. Ryan -- Last September I rented to a family that was going through foreclosure. The husband had worked at the same job for 28 years and had not so much as a speeding ticket. In May they gave notice they were moving out.
Glad you found another place to buy vs. If you signed up for BiggerPockets via Facebook, you can log in with just one click! Log in with Facebook. Full Name Use your real name.
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Recommended Vendors. Real Estate Books. Featured Book. Get the Magazine. Search Nova. Log In Sign up. Create post. Thanks in advance. Rotate Log in or sign up to reply. I take pets. I hate to have cats in my rentals. If a cat sprays on a wall, the baseboard and wall board must be removed and replaced with new. So it's possible that the cats aren't your problem. It's a new world out there, Ryan. The LLs with really nice rentals are raising their standards. The LLs with crap are lowering them.
Good luck. For some reason, I always thought P NW was a "she" and not a "he. Originally posted by Ryan Johnson: to deny someone because they are going through a foreclosure is absurd, and largely unethical. Far from it.
If you are being foreclosed you have bad credit and bad credit is a perfectly valid reason to deny a prospective tenant. I not saying you should be, but it is a legally valid reason. Unless of course you become overwhelmed with hairballs!!!! Originally posted by Ryan Johnson Here's something to consider sorry off-topic from original post, but building on the part being quoted here.
As a tenant, you will likely be signing a one-year lease to start your new residency. What would occur should your new residence turn out to be in a neighborhood that starts to become just like what you describe here?
Based on your history of leaving your mortgage behind, one would venture to say that you would leave your lease behind too - regardless of whether you can afford the payments or not.
Still others offered tips to make the lies work better. Disclaimer: What follows is a rather random sample of what has transpired in the comments. Things started out level-headed. Some people reported having sympathetic landlords, including Lauren Mendoza. Anyway, when I rented my current residence — a house — with my hubby, we had eight.
They had no policy and asked how many cats we had. So I said four. They are amazing people — and they let us do our thing, because it is OUR house now.
Those are the only ones who seem to apply. Coloring on the walls, breaking things, and so on. I can and do easily repaint from coloring on walls, broken fixtures or doors. Cat folks live with the feline smells and think nothing of it. We smell it on your clothes. We smell it in your homes and we smell it in our empty rentals when you leave. Have a dozen if you like. And I do evict for lying on a rental application and sue you for actual and mitigated damages resulting in your application lies.
Loss of your deposit is also a good reason to tell the truth. Eviction is expensive, and you will pay every single cost involved — and have to move whenever your landlord discovers your cats. Lying on your rental app is not good advice. No matter what these folks are telling you. Want a dozen cats? Buy your own home. I had two cats in both. I was on very good terms with both landlords, and when we left and did our final inspection they both gave me praises for leaving the apartment immaculate.
It is really hard to find places to accept two cats without the landlord charging hundreds of extra dollars to have them. I would rather have my landlord allow pets and then inspect my apartment every so often. I am not scared of what my pets will do because I clean! All four of my cats are fixed.
I have four litter boxes and they are all cleaned every day. Learn more. Get Started. Asking The Landlord To Change His Mind Whether or not a landlord will change his policy regarding pets depends on a few things such as: The Rental Competition In The Area Landlords need to keep their properties rented, so if there aren't many renters in your area, you'll have a better chance of getting the landlord to change his policy. The Number Of Pets You'll have a better chance getting a landlord to change his no-pet policy if you only have one cat rather than multiple.
If You're Willing To Pay An Additional Deposit Consider offering to pay a larger deposit or even a non-refundable cleaning fee in order to be allowed to keep your cat in the rental. You're A Historically Good Tenant Landlords want someone who will pay their rent on time and take good care of the property.
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