Re: Having Trouble with Screening this Tenant - Posted by Frank Chin
Posted by Frank Chin on May 23, 2007 at 16:59:14:
I made several exceptions over the years, 3 of them that I can recall.
One guy had a bankruptcy going back a few years, but other than that, no other derogatories. Refused to dicuss it, but I went ahead renting to him based on gut feeling. Learned later he guaranteed his son’s business that went bankrupt, and no way on his “door man’s” salary can he repay $100K. Paid the rent on time for the entire period he was there, about seven years.
Another was bankrupt a few years back. Blamed it all on a former wife. Paid the rent on time for several years, but skipped out on the last three months rent.
The third had collection accounts, write-offs, worked for his dad. Very educated and well spoken. Lived there for three years, then had a relapse of depression, his dad fired him, and was evicted owing six months rent.
What is my batting average?? Two out of three reverted to form.
Some folks plan ahead, pay the bills no matter what, or move back home to mom if they can’t pay.
Others who took the easy way out see no problem taking the easy way out again, and not pay if it suits them.
Others may have mental or other problems that resurfaces from time to time that they cannot help Had a co-worker who loses his job every few years for things like cursing out his boss, punching out his boss etc. As educated or well spoken he may be, he will encounter financial difficulties from time to time. It is not something that is recorded on a credit report.