Re: Finding a good renter
 

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I never understood landlords who had higher standards than mortgage lenders.

If I had perfect credit, a long time at my current job, and made lots of money, I'd buy a freaking house! I wouldn't need to rent from you!

I'm not saying to hand the keys over to the first guy to ask for them. But I can't be the only one to see the difference between the DirecTV guy, and the letter writer in the OP.

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DISQUALIFIED! for arguementiveness

Re: Finding a good renter
 

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I'd meet up with them and check them out and possibly rent to them if they seemed like good folks.

But I'm a decent guy who's has been helped out of jams before by caring strangers.

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DISQUALIFIED! for common sense.

Re: Finding a good renter
 

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[ QUOTE ]
If I had perfect credit, a long time at my current job, and made lots of money, I'd buy a freaking house! I wouldn't need to rent from you!

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Except that buying is not always the smartest thing for everyone.

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DISQUALIFIED! for umm...DISQUALIFIEDness! [img]/images/graemlins/cool.gif[/img]

Re: Finding a good renter
 

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[ QUOTE ]
I'd meet up with them and check them out and possibly rent to them if they seemed like good folks.

But I'm a decent guy who's has been helped out of jams before by caring strangers.

[/ QUOTE ]

DISQUALIFIED! for common sense.

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This is common sense?

Yea, good idea. Seems liek a good guy so I'll rent to him. Damn any other screening process. I'm going with my gut here.

20 years in the business and I'm an idiot. I could have just sat people down for 15 mins talked to themn and then made my decision based on gut instinct.

BTW

Thin Man

DISQUALIFIED! for being a loser playing .5/1 while living in his parent's basement and making 926 pretty much useless posts in 8 months as a reg'd user.

I am quite sure you have exactly 0 experience in operating a business or the management of rental property. On the other hand I have been in the industry for 20+ years. I started with a duplex of my own when I was 22 and now own 167 units. I also manage an additional 130+ units that the owner's of those properties pay me 8-10% of gross rents for the service. Obviously I have no clue what I am doing.

On the other hand you have zero experience and are an authority. SO I will offer you a one time deal today only. You can purchase all units owned by me for $8 million and I will sell you the management business of the other properties for 3x gross annual income which is the going rate for a business of this type. Round that off to around 900k.

So for the bargain basement price of $8.9 million you can prove how superior your unqualifed way of doing things is so much better.

However, I'll lay 4:1 that if you take me up on this offer your broke within 2 years. Put up or shutup.

Re: Finding a good renter
 

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I never understood landlords who had higher standards than mortgage lenders.

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Default is a much bigger problem for a landlord with a relatively small number of units than it is for a morgtage lender who has a larger, diversified portfolio of debt and will probably be reselling the loans anyway.

Being a landlord would suck.

scrub

Re: Finding a good renter
 

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Playing poker would not disqualify him either. As long as any earnings can be corroborrated (sp) on his tax returns. [img]/images/graemlins/grin.gif[/img]

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Wait, poker players have to pay taxes?!?!?!

AH [censored]!

Re: Finding a good renter
 

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Playing poker would not disqualify him either. As long as any earnings can be corroborrated (sp) on his tax returns. [img]/images/graemlins/grin.gif[/img]

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Wait, poker players have to pay taxes?!?!?!

AH [censored]!

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you consider this post funny and orginal?

Re: Finding a good renter
 

nearly 8000 posts and your looking for funny and orginal [img]/images/graemlins/confused.gif[/img]

Re: Finding a good renter
 

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Being a landlord would suck.

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Brother, I hear that! I know I couldn't do it.

Re: Finding a good renter
 

[ QUOTE ]
[ QUOTE ]
[ QUOTE ]
I'd meet up with them and check them out and possibly rent to them if they seemed like good folks.

But I'm a decent guy who's has been helped out of jams before by caring strangers.

[/ QUOTE ]

DISQUALIFIED! for common sense.

[/ QUOTE ]

This is common sense?

Yea, good idea. Seems liek a good guy so I'll rent to him. Damn any other screening process. I'm going with my gut here.

20 years in the business and I'm an idiot. I could have just sat people down for 15 mins talked to themn and then made my decision based on gut instinct.

BTW

Thin Man

DISQUALIFIED! for being a loser playing .5/1 while living in his parent's basement and making 926 pretty much useless posts in 8 months as a reg'd user.

I am quite sure you have exactly 0 experience in operating a business or the management of rental property. On the other hand I have been in the industry for 20+ years. I started with a duplex of my own when I was 22 and now own 167 units. I also manage an additional 130+ units that the owner's of those properties pay me 8-10% of gross rents for the service. Obviously I have no clue what I am doing.

On the other hand you have zero experience and are an authority. SO I will offer you a one time deal today only. You can purchase all units owned by me for $8 million and I will sell you the management business of the other properties for 3x gross annual income which is the going rate for a business of this type. Round that off to around 900k.

So for the bargain basement price of $8.9 million you can prove how superior your unqualifed way of doing things is so much better.

However, I'll lay 4:1 that if you take me up on this offer your broke within 2 years. Put up or shutup.

[/ QUOTE ]

pwn3d