About to rent my first house

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  • sweetcuties
    Confirmed User
    • Feb 2002
    • 5859

    #1

    About to rent my first house

    Any advice
  • Fletch XXX
    GFY HALL OF FAME DAMMIT!!!
    • Jan 2002
    • 60840

    #2
    dont rent to people like me

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    • nofx
      Too lazy to set a custom title
      • Nov 2002
      • 16826

      #3
      Originally posted by Fletch XXX
      dont rent to people like me

      haha ditto

      Often times I wonder why
      There's love and hate, theres live or die.
      When sickness comes I must decide:
      When feelings go, theres suicide.

      Comment

      • Veterans Day
        Confirmed User
        • Jul 2003
        • 8403

        #4
        620 or better credit scores
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        • SetTheWorldonFire
          Confirmed User
          • Feb 2002
          • 7444

          #5
          Be aggressive, don't be nice.

          give em' an inch and they will take a mile.
          www.STWOFDesign.com
          hit me up on icq 154206276 or Skype: JaimeGizzle

          Comment

          • sweetcuties
            Confirmed User
            • Feb 2002
            • 5859

            #6
            hahaha, anything special in the rental agreement. Gonna meet with an attorney next week

            Comment

            • bringer
              i have man boobies
              • Jul 2003
              • 13082

              #7
              buy, dont rent
              333-765-551

              Comment

              • Jennifer84
                Confirmed User
                • Jan 2005
                • 314

                #8
                Originally posted by bringer
                buy, dont rent
                i think she means she's renting it out to someone

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                • Screaming
                  I can change this!!!!!
                  • Feb 2004
                  • 18972

                  #9
                  look over the space well, have a lawyer read the contact if possible and make sure you can afford the place

                  Comment

                  • bringer
                    i have man boobies
                    • Jul 2003
                    • 13082

                    #10
                    Originally posted by BadFun_Nikki
                    i think she means she's renting it out to someone
                    bad wording then
                    333-765-551

                    Comment

                    • Sosa
                      In Tushy Land
                      • Oct 2002
                      • 40149

                      #11
                      I would pry only rent to a decent family, someone with stable jobs etc. No younger people. But that is just me. Get a good deposit from em also.

                      Comment

                      • gh0st
                        So Fucking Banned
                        • Feb 2005
                        • 928

                        #12
                        No younger people.
                        You motherfuckers make 18 year olds like myself take forever to find a decent crib, I'm more successful than almost every old person I meet but my first impression is that gangster looking pimpdaddy webmaster who's going to disrespect your building.

                        FUCK YOU

                        Comment

                        • bringer
                          i have man boobies
                          • Jul 2003
                          • 13082

                          #13
                          Originally posted by gh0st
                          You motherfuckers make 18 year olds like myself take forever to find a decent crib, I'm more successful than almost every old person I meet but my first impression is that gangster looking pimpdaddy webmaster who's going to disrespect your building.

                          FUCK YOU
                          awww, poor baby
                          im sure theres a nice apartment for you and your friends to trash every weekend when you have your party
                          333-765-551

                          Comment

                          • Jennifer84
                            Confirmed User
                            • Jan 2005
                            • 314

                            #14
                            Originally posted by gh0st
                            You motherfuckers make 18 year olds like myself take forever to find a decent crib, I'm more successful than almost every old person I meet but my first impression is that gangster looking pimpdaddy webmaster who's going to disrespect your building.

                            FUCK YOU
                            Yeah well first impresions mean a lot so sometimes you have to play the part to get what you want. I'm relatively young myself so I always have to dress up a little more and make sure that I speak correctly in order to be taken seriously. That's just how it is.

                            See Who I Am At AdultWhosWho.com!
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                            • detoxed
                              vip member
                              • Jan 2003
                              • 17798

                              #15
                              Originally posted by Sosa
                              I would pry only rent to a decent family, someone with stable jobs etc. No younger people. But that is just me. Get a good deposit from em also.

                              Yes you are breaking the law by doing that

                              Comment

                              • bringer
                                i have man boobies
                                • Jul 2003
                                • 13082

                                #16
                                Originally posted by detoxed
                                Yes you are breaking the law by doing that
                                how so???
                                333-765-551

                                Comment

                                • nojob
                                  The Original NoJob
                                  • Feb 2004
                                  • 3682

                                  #17
                                  You need to give everyone an equal opportunity for housing. thats a no no. Thats something you say with your inside voice.

                                  Comment

                                  • swedguy
                                    Confirmed User
                                    • Jan 2002
                                    • 7981

                                    #18
                                    Like someone said, give them an inch and they will take a whole fucking mile.

                                    When I moved to the US I rented my house to a female friend that had just broken up with her boyfriend. I gave her low rent just because she had her own new started business, the breakup was costly so I wanted to be nice. Half a year later I got fucked royally and the whole thing ended up costing me more than what I got from renting it out.

                                    Conclusion, don't be nice and cover your ass, twice.

                                    Comment

                                    • Pipeline Q
                                      Confirmed User
                                      • Dec 2004
                                      • 3891

                                      #19
                                      I used to live in an apartment building where the owner required you to make $x per year to even be considered. It wasn't the nicest apartment I lived in, but my fellow residents were certainly on a higher level than other's I'd lived next to.

                                      There was a difference there between the guy I lived next to there who invited people over a few times a month for a quiet party, and the guy I once lived next to at another place who wrecked his apartment two or three times a week.

                                      Comment

                                      • sweetcuties
                                        Confirmed User
                                        • Feb 2002
                                        • 5859

                                        #20
                                        Originally posted by swedguy
                                        Like someone said, give them an inch and they will take a whole fucking mile.

                                        When I moved to the US I rented my house to a female friend that had just broken up with her boyfriend. I gave her low rent just because she had her own new started business, the breakup was costly so I wanted to be nice. Half a year later I got fucked royally and the whole thing ended up costing me more than what I got from renting it out.

                                        Conclusion, don't be nice and cover your ass, twice.
                                        Gonna make sure I have an iron clad agreement. I've been reading "Secret of a Millionaire Landlord" by Robert Shemin and it's one of the best books I've got.

                                        Comment

                                        • Sosa
                                          In Tushy Land
                                          • Oct 2002
                                          • 40149

                                          #21
                                          Originally posted by detoxed
                                          Yes you are breaking the law by doing that
                                          oh lol... I didn't know that. I'm not a landlord heh.

                                          Comment

                                          • modF
                                            Confirmed User
                                            • Aug 2002
                                            • 1888

                                            #22
                                            Originally posted by gh0st
                                            You motherfuckers make 18 year olds like myself take forever to find a decent crib, I'm more successful than almost every old person I meet but my first impression is that gangster looking pimpdaddy webmaster who's going to disrespect your building.

                                            FUCK YOU
                                            I once thought the same thing, 10 years later I would not have rented to myself at 18 either.

                                            I do things
                                            skype:themodF

                                            Comment

                                            • UniversalPassLorence
                                              Confirmed User
                                              • Dec 2004
                                              • 3721

                                              #23
                                              Main things, they got to have a good credit (do a credit report) and good source of income (check it). Other things you should consider: Have a lease with all the rules included (late payments, bounce checks, noise ...), & check your city/state laws for tenants, have a list and have them sign the specific condition of the unit (new paint, carpet, shades ....). Good luck


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                                              • V_RocKs
                                                Damn Right I Kiss Ass!
                                                • Nov 2003
                                                • 32451

                                                #24
                                                Originally posted by gh0st
                                                You motherfuckers make 18 year olds like myself take forever to find a decent crib, I'm more successful than almost every old person I meet but my first impression is that gangster looking pimpdaddy webmaster who's going to disrespect your building.

                                                FUCK YOU
                                                And this is why...

                                                Comment

                                                • PerfectionGirls
                                                  Too lazy to set a custom title
                                                  • Oct 2002
                                                  • 4484

                                                  #25
                                                  Just know there there is no "iron clad aggreement" when it comes to renting. The tenant always has the upper hand. There are very clear laws that protect tenants from eviction and collection of rents owed. Just know, that in most every case, the tenant will be given the benefit of the doubt if you should need to evict. The eviction process is a very slow one, that can take up to 90 days to remove a tenant that has not paid rent from your proporty. Even then, the judge in most cases will grant payment extentions if they house is not being damaged. The wrong tenant can be hell to get out.

                                                  I had 6 houses at one time with my brother. It was ok, but a shit load of work. We made money on the deal, but we had out share of bad tenants. Some were really nice people and at times had good reason for not being able to pay. Shit happens.

                                                  All I can say is that its not an easy way to make a buck.

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                                                  Comment

                                                  • beemk
                                                    CLICK HERE
                                                    • Jan 2002
                                                    • 20829

                                                    #26
                                                    i read a few books, i close on my first investment property in a week or two and i'm going to rent it out. the best thing i read in the books is to put this in the ad. lets say you want to rent for 750. make the ad like this:

                                                    DISCOUNT RENT
                                                    blah blah blah $800 a month. $100 discount to tenants who take care of minor maintenance and pay rent on time.

                                                    you could do 850 and you will get $750 but its worth losing the $50 so they dont call you every day with small problems and think they can pay the rent late. i still havent talked to a lawyer yet but i'm going to do that before i rent my first house. if you havent done that that should be the first thing you should do.
                                                    I host with Vacares

                                                    Comment

                                                    • beemk
                                                      CLICK HERE
                                                      • Jan 2002
                                                      • 20829

                                                      #27
                                                      Originally posted by gh0st
                                                      You motherfuckers make 18 year olds like myself take forever to find a decent crib, I'm more successful than almost every old person I meet but my first impression is that gangster looking pimpdaddy webmaster who's going to disrespect your building.

                                                      FUCK YOU
                                                      Location: BEANTOWN, MASS - hit me up, I'll let you come by and drink a few beers if you aren't a herb

                                                      nuff said
                                                      I host with Vacares

                                                      Comment

                                                      • sweetME
                                                        Confirmed User
                                                        • Nov 2004
                                                        • 3162

                                                        #28
                                                        Be stricked with the renters. Don't give in easily.


                                                        Email: questions @ Prodinix.com | Site: Prodinix.com

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                                                        • sweetcuties
                                                          Confirmed User
                                                          • Feb 2002
                                                          • 5859

                                                          #29
                                                          Originally posted by beemk
                                                          i read a few books, i close on my first investment property in a week or two and i'm going to rent it out. the best thing i read in the books is to put this in the ad. lets say you want to rent for 750. make the ad like this:

                                                          DISCOUNT RENT
                                                          blah blah blah $800 a month. $100 discount to tenants who take care of minor maintenance and pay rent on time.

                                                          you could do 850 and you will get $750 but its worth losing the $50 so they dont call you every day with small problems and think they can pay the rent late. i still havent talked to a lawyer yet but i'm going to do that before i rent my first house. if you havent done that that should be the first thing you should do.
                                                          Congrats bro... good advice

                                                          Comment

                                                          • Illicit
                                                            wtf ?
                                                            • Dec 2003
                                                            • 11895

                                                            #30
                                                            Check out this site... http://www.mrlandlord.com/
                                                            Insert Sig Here

                                                            Comment

                                                            • sonofsam
                                                              Too lazy to set a custom title
                                                              • Dec 2004
                                                              • 18648

                                                              #31
                                                              if its me.... i'm going to start a grow op and smash out all the walls in your basement.. lol
                                                              I like turtles.

                                                              Comment

                                                              • NetRodent
                                                                Confirmed User
                                                                • Jan 2002
                                                                • 3985

                                                                #32
                                                                I'd suggest setting it up so that rent is automatically widthdrawn from the tenants bank account on the first of the month.
                                                                "Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats."
                                                                --H.L. Mencken

                                                                Comment

                                                                • sonofsam
                                                                  Too lazy to set a custom title
                                                                  • Dec 2004
                                                                  • 18648

                                                                  #33
                                                                  Originally posted by NetRodent
                                                                  I'd suggest setting it up so that rent is automatically widthdrawn from the tenants bank account on the first of the month.
                                                                  don't be lazy.. check in on them
                                                                  I like turtles.

                                                                  Comment

                                                                  • NetRodent
                                                                    Confirmed User
                                                                    • Jan 2002
                                                                    • 3985

                                                                    #34
                                                                    Originally posted by sonofsam
                                                                    don't be lazy.. check in on them
                                                                    You only need to visit them if the withdrawl doesn't go through.
                                                                    mid 90's I managed about 20 properties with around 60 apartments distributed among them. Every visit is a chance for them to complain about something else that needs to be fixed.
                                                                    Last edited by NetRodent; 02-15-2005, 02:08 PM.
                                                                    "Every normal man must be tempted, at times, to spit on his hands, hoist the black flag, and begin slitting throats."
                                                                    --H.L. Mencken

                                                                    Comment

                                                                    • flashfire
                                                                      ICQ 1 6 7 8 5 3 4 9 2
                                                                      • Feb 2003
                                                                      • 13098

                                                                      #35
                                                                      Originally posted by Veterans Day
                                                                      620 or better credit scores
                                                                      credit check to rent a house! that would never fly here

                                                                      Comment

                                                                      • sonofsam
                                                                        Too lazy to set a custom title
                                                                        • Dec 2004
                                                                        • 18648

                                                                        #36
                                                                        Originally posted by NetRodent
                                                                        You only need to visit them if the withdrawl doesn't go through.
                                                                        Or to make sure they arn't doing shady shit....
                                                                        I like turtles.

                                                                        Comment

                                                                        • tony299
                                                                          lurker
                                                                          • Aug 2002
                                                                          • 57021

                                                                          #37
                                                                          if you have the right personality you can do well, my friend is a electrical engineer and he has 4 rental houses . He has a advantage he can do all the work himself. Remember be friendly not familiar. Its not like I love lucy

                                                                          Comment

                                                                          • beemk
                                                                            CLICK HERE
                                                                            • Jan 2002
                                                                            • 20829

                                                                            #38
                                                                            where is the best place to do credit checks?
                                                                            I host with Vacares

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                                                                            • wargames
                                                                              Kliris
                                                                              • May 2003
                                                                              • 10423

                                                                              #39
                                                                              Consider the neighbors you'll be having. Are they nosy, noisy?
                                                                              ICQ 212-115-582
                                                                              Email Steve at Vas Media Group .com

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                                                                              • Phoenix
                                                                                BACON BACON BACON
                                                                                • Nov 2002
                                                                                • 35475

                                                                                #40
                                                                                in what country?

                                                                                rental agreements are a joke here...but wil get you your money in small claims court
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