we rent one of our homes, but they never have funds

**windman** · 12-19-2008, 05:57 AM

We own a home, and its being rented out right now. We rented it by owner, so as to save costs relating to using a realtor to find a rentor for us, because those costs are somewhat high. unfortunately, the people in the home we are renting it in, have not have funds for two of the months of which they have paid to live in, we've had to ask them twice for those funds, and this month, they have not had funds for their pet deposit, insufficient funds for that, though their rent went through ok (for this month).

what is acceptable and what isn't? should we be thankful we have a renter at all, and have to tolerate that kind of behavior?

we had to wait a little time to find a person to move in. so i guess we are just thankful to have them, but they are lousy with money, so i'm not happy about that. i'm hoping that is no reflection of how they are treating the home.

thank you

**PureLifeRealty** · 12-19-2008, 08:52 AM

slow payers are almost always no payers.

Think of it as they will never pay you and go from there.

**Codythebest** · 12-19-2008, 09:08 AM

The cheapest is always more expensive. A Realtor would have check rentors before to let them in. For the cost of one month of rent, you might have had better rentors. Now it's too late and you losing more than a Realtor compensation...

**LVrealestateHELP** · 12-19-2008, 10:19 AM

Originally Posted by Codythebest

The cheapest is always more expensive. A Realtor would have check rentors before to let them in. For the cost of one month of rent, you might have had better rentors. Now it's too late and you losing more than a Realtor compensation...

Good point, I would add that if they are not paying and it has been two months you need to take the next step (which varies from State to State) in proceeding in getting them out of there. Don't be a sucker and listen to their excuses. I have heard them all. Start looking for a new tenant (or take Cody's advice and have a professional screen them for you) and get them out of your property. Best wishes.

**clemy** · 12-19-2008, 11:40 AM

It sounds like you need to talk to an experienced lawyer very soon. You need to go over the lease agreement your tenants and you signed and find out what your local laws say about evicting your tenants. If they can't pay their rent, they don't have the money to take care of the house.

**First Time Home Buyers** · 12-20-2008, 11:28 AM

This may be a lost-cause renter.

Before you sign the lease make sure you lay down the rules.

If they don't pay on time, they pay a late fee. If they don't pay within 14 days of the late period (usually 5 days after the 1st of the month) then start the eviction process.

This will shake them up pretty good.

More than anything, before you sign the lease, perform a background check for about $50 a person. Charge a $50 Application fee to cover this cost.

This will make them know you're serious, and will get rid of the BAD RENTERS.

There are tons of good people out there to rent to, don't settle for some jokers.

**jpoey** · 12-28-2008, 03:39 AM

you did not want to pay an agent, now you want to "ASK A REALTOR", sounds like you received what you paid for

**TheLady** · 12-28-2008, 12:48 PM

in this economny it can be difficult to pay the fees upfront for a quality real estate agent to do the renter's screening, however it is hard not to seek back up when you have a rental property. it is good that you had the sense to come ask a realtor after the fact.

follow up with your attorney, and your tenants. in my humble opinion - keep the line's open but learn and take action on your rights regarding your rental property. this is your business.

i'm not a realtor, but i have and am a renter. i have been that renter w/out funds on time, but i always paid - unfortunatly it may have been late from time to time during college... big mistake, i know. from a business perspective it is good to follow up on all angles.