I've been a little slack on my condo lately. I haven't been trying too hard to find a new tenant, and I need to get on it. That will be my goal for Spring Break, to get a tenant. My last guy moved out in the beginning of March.
I've had several calls for the place, but I've noticed a pattern. People are really concerned about the security deposit! I've never had anyone blink an eye at it in the past. It is pretty common to expect one month's rent for security deposit, isn't it? Yet lately when people call and ask about the deposit, that seems to be the deal breaker. Can it really be that people don't have one month's rent in reserve somewhere? I don't want to lower the deposit amount, because that money is there for security for taking them on as a tenant, in case of damage or failure to pay. My take is that if the potential tenant has trouble scraping together enough money for a month of rent and a security deposit, they probably aren't going to be dream tenants who pay timely.
Objective: find a renter
March 26th, 2013 at 09:20 am
March 26th, 2013 at 12:31 pm 1364301063
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March 26th, 2013 at 03:32 pm 1364311926
I wouldn't like renting to someone unable to meet that basic requirement. I might flex with a 'key' charge if it's about the 10-12 business days until they get their current damage deposit back but only if they clearly undertand the key fee is non refundable. It's important to call their current landlord, employer, & third person for reference to confirm details. If you have access to credit rating services, I'd check that information first. Years ago when I managed a small apartment complex I insisted prospective renters bring a letter from employer with length of time of employment, position, and annual salary when they came to view the suite.
March 26th, 2013 at 04:10 pm 1364314238
March 26th, 2013 at 08:14 pm 1364328848
March 26th, 2013 at 11:05 pm 1364339131