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#21
07-28-2005, 10:32 AM
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Re: Finding a good renter
[ QUOTE ]
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. [/ QUOTE ] DISQUALIFIED! for arguementiveness 
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#22
07-28-2005, 10:33 AM
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Re: Finding a good renter
[ 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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#23
07-28-2005, 10:34 AM
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Re: Finding a good renter
[ QUOTE ]
[ 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! [/ QUOTE ] Except that buying is not always the smartest thing for everyone. [/ QUOTE ] DISQUALIFIED! for umm...DISQUALIFIEDness! [img]/images/graemlins/cool.gif[/img]
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#24
07-28-2005, 11:27 AM
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Re: Finding a good renter
[ 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.
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#25
07-28-2005, 12:50 PM
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Re: Finding a good renter
[ QUOTE ]
I never understood landlords who had higher standards than mortgage lenders. [/ QUOTE ] 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
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#26
07-28-2005, 12:55 PM
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Re: Finding a good renter
[ QUOTE ]
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] [/ QUOTE ] Wait, poker players have to pay taxes?!?!?! AH [censored]!
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#27
07-28-2005, 01:49 PM
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Re: Finding a good renter
[ QUOTE ]
[ QUOTE ] 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] [/ QUOTE ] Wait, poker players have to pay taxes?!?!?! AH [censored]! [/ QUOTE ] you consider this post funny and orginal?
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#29
07-28-2005, 03:12 PM
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Re: Finding a good renter
[ QUOTE ]
Being a landlord would suck. [/ QUOTE ] Brother, I hear that! I know I couldn't do it.
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#30
07-28-2005, 04:08 PM
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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
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