| |
tenants: These Turn OFFS Will Get You Turned DOWN! - 05/03/11 10:23 AM
It occurred again!
An inquirer called with an elaborate saga of justification in defense of her credit report being so displeasing. Due to her co-signing for a relative who had not honored his repayment agreement, the negatives were recorded, reducing her score to the low 500's. She continued on about having to abruptly move before the lease term was completed because of a job relocation.
If that was not enough, the drama continued with detailed information describing what she said was rude and inconsiderate treatment received by her former management company upon returning the keys. She expected to get an approval nod for cleaning the unit instead of a reprimand for the early termination.
Guess how many … (19 comments)
|
tenants: Tsk - The Season! - 11/25/10 05:05 PM
Being in Property Management BY ITSELF is a huge chunk to deal with especially at this time of the year. No matter how well the tenants have been screened, it seems to NEVER FAIL that managers report a lag in payments in this season at a rate of 10 to 20% of late or NO collections! From the rents expected to recover, some may not be seen until income tax refunds come in from rapid filing! Tsk The Season!
Typical Rent Delaying Excuses Heard:
Uh, you UNDERSTAND, It's CHRISTMAS!! - Interpretation: Y'all DON'T deserve to have one! Calling to say, we will be late, but we WILL pay the late fee! - Interpretation: We overspent! Something came up, but … (39 comments)
|
tenants: SO..... You Want To Rent Your House Out, Eh? - 05/15/10 06:55 PM
WHAT? You want to RENT OUT YOUR HOME? Really?
You have come to this conclusion because your home SAT on the market for two years and failed to sell even though you.....
Updated it Offered a 13 Month Home Warranty Lowered the price of it regularly Switched REALTORS® 3 times!! Plastered ads in ALL the neighborhood spots Held monthly open houses
If you reduced it any more, there would be NO profit from the sale! Since you've already lost the equity, your last ounce of hope is to attempt to salvage something... ANYTHING! The reasoning your mind tells … (58 comments)
|
tenants: Property Management - The Illinois 5 Day Notice - 11/25/09 03:07 AM
In Illinois, the 5-day notice can be served to the occupying tenant or to a member of the residing family aged 13 or older.
Placing the notice under the door can be contested in court. The notice does not have to be served on the premises. It can also be handed out at a job, or anywhere the tenant can be found. We usually track the date, time, and name of the person to whom the writ was served in the event we will be called in to verify.
The attorney we use for evictions does not recommend posting the 5-day notice unless it's done by the … (16 comments)
|
tenants: Stuff NOW!! - Pay NEVER!! - 11/15/09 11:56 PM
There was a generation (possibly you?) who had respect toward paying bills, using credit wisely, and enjoying the rewards of budgeting. In that day, folks did without, for living above their income means was unheard of.... most survived on dreams, hope, prayers, and hard work. There was no such thing as "luck!" Most did not have rich relatives leaving an inheritance to look forward to. This was the time period i was raised up in....
Poor? No, hunnie, we were NOT poor.... we were PO!! (pronounced, "POE" like the poet). I came from the same area God placed his first created man, Adam in.... "the gardens!" Officially known as "Altgeld Gardens", the gardens (of Illinois) … (9 comments)
|
tenants: Your LIES Are NOT Fool Proof..... That's Why We Did NOT Rent To YOU! - 09/23/09 11:53 AM
OK... Here we go! Another application turned down! Oh well! We tried very hard to get YOU, Mr. & Mrs. TENANT, accepted by giving you the benefit of the doubt..... WE SCREENED EXTENSIVELY, SEEKING CREDIBLE EVIDENCE, based upon what you fed us!
You KNEW they were LIES in the beginning!!! Do you think we are that vulnerable??? Listen, we are NOT boasting, but we have heard just about it all.... Didn't you not know we wrote the book ..."578 Excuses Tenants Use!" We revert to this book exclusively to avert EVICTIONS! We will properly screen each person desirous to move into one of … (20 comments)
|
tenants: RENTERS - Before You Call About A Vacancy - 08/21/09 12:43 PM
TENANTS!!!! YOU are the purpose we are in the rental business, for without YOU, (the renter), there would be no need for property managers and/or property management companies.
There are many reasons that occupants RENT instead of buying.....
NO established credit history - or credit challenged histories NO sufficient amount of money for a down payment Not interested in buying... Short time on the job - or self employed Change: marriage, divorce, income, separation, leaving home or college Foreclosures, new job location, bankruptcy, relocation, disasters, etc. And the list goes on...... Whatever the reason may be, we'd like to be the Company YOU use to locate suitable housing. To … (20 comments)
|
tenants: Are Your Rents TOO High? - 07/14/09 08:29 AM
Stumbled upon a CNN featured clip of one of Clark Howard's shows about rent prices. In the feature he introduces the "RENTOMETER" which analyzes rent prices according to the area.
Submit inquiry as either as a tenant or landlord, show the address, City, State, amount of rent, and apartment size. Find out if you are on the low end or high end! Have fun with it! The algorithm they use is supposed to keep the area searched as relevant as possible.
Caution: If entering info as a Landlord, you will be encouraged to sign up for their Property Management services. Check it out! Are you HIGH … (12 comments)
|
tenants: Handling Disappointments - 03/23/09 09:42 AM
You are waiting at a rental property and NO one shows up after 15 minutes! Tenant moves out and STEALS the washer and dryer! Your offer was rejected - WITHOUT a counter-offer! The seller CANCELS the contract with you and chooses a different agent! And the list goes on..... Disappointments happen when our expectations are not met. Signed business arrangements can be and will be broken. Preparation helps to prevent some occurrences - but not all! So, what do you do?
Resort to plan 2! What is plan 2?
Move forward as quickly as possible - Don't stew! In the case of #1 - ALWAYS … (21 comments)
|
tenants: Squatter Moves In Rental House Without Security Deposit!! - 03/09/09 06:19 PM
We had not been notified in advance, and had not received a security deposit, rental payment, tenant application, or a current credit report!
So.... when the alarmed tenant called with a report of a squatter who took up residency in the lower quarters of their rental house we knew exactly what to do and this would NOT be tolerated! It was not necessary to revert to the rental policy manual! This uninvited intruder, sneakily moved in sometime during the night! This was a PEST!
I quickly did a Google search and came up with:
Safe Squatter Control - A site that has a gadget called a "Squatter Guard"* Squatter-Repellent.com - They have a product called "Shake … (19 comments)
|
tenants: GET OFF THAT BOAT WITH MY RENT MONEY! - 09/18/07 11:52 PM
It's the 6th of the Month. We gave you 5 days of grace to get your rent in, and it's NOT HERE! Here comes the excuses..... Did your grandmother die again? Or is it your car this time? Of course, that's got to be it! You were not able to make it to work because your car broke down right? WRONG!
You've used excuse #258, #440, and #197.... I know them all.... It's NONE of those! You were on that boat again! Thought you'd win this time for sure didn't you? Well, you didn't..... and you didn't win the Lottery either! … (20 comments)
|
tenants: GOOD Tenants for Owners in Illinois and Indiana - 08/12/07 10:40 PM
We, at Rice Property Management & Realty are honored to release good tenants to occupy homes of property owners who have entrusted their investments with us. These very good tenants are trustworthy, reliable, accountable, and have become good stewards while renting our homes and apartments. Our endeavor is to fill every vacancy with lessees as such in our Indiana and Illinois service areas. These good tenants possess the qualities to become homeowners themselves if they so choose. We have had much success!
With numerous accounts of horror stories in circulation, an indefinite amount of property owners have become wary and a large amount are terrified of taking a risk with their investments. Determined instead to … (8 comments)
|
tenants: Property Managers - Providing A VALUABLE Service! - 08/03/07 11:30 PM
Property Management is not for everyone..... it takes someone who has bold nerve, is blessed with a gift of gab, and one born with a great sense of humor! Of course, possessing a "mean bluff" is a plus that would add longevity to a PM Career.
It seems to be one of the least liked selections under Real Estate. Those that have past experiences in this field are all too eager to retell a "tenant from hell"story! The epitaphs inscribed on former PM tombs are all similar: "NEVER AGAIN!", "YOU CAN HAVE IT!" "DON'T EVEN GO THERE!"
PM's are targets.... we get whipped from BOTH ENDS... a disgruntled tenant loaded with expletives, and a misinformed … (17 comments)
|
tenants: THE SOLUTIONS (tenants with bad credit) - 07/16/07 03:43 PM
There are SOLUTIONS when dealing with tenants that have bad credit..... they do not necessarily have to be turned away......! EVERYONE needs a place to stay..... even if it's NOT YOURS!
In the market areas we serve, many "would-be-tenants" apply for rentals having poor credit. Rarely have we seen scores over 700. The reasons given are listed on the previous post written July 9, 2007. We have seen a commonality that we have grown to expect..... but MUST deal with!! We simply cannot turn EVERYONE away in expectation of the ideal tenant showing up with excellent credit!
('Scuse my vanucular... but, it "JUS AINT GONNA HAPPEN!!!")
SO..... what do … (20 comments)
|
tenants: Managing Property - 06/13/07 07:26 PM
Managing Property in Indiana & Illinois
The worst an owner of property can experience is having a non-paying tenant who takes advantage of their kindness, then use the law to protect them prior to leaving the premises. In case after case, property owners who have invested in property have taken great monetary losses, some to the extent of losing their investment.
The stories are numerous.... and all leave a bad taste in the mouths and minds of those who have experienced it. Most of these catastrophes begin with similar scenarios:
A sob (untrue) story was given by tenant Rental history was not verified (recent eviction may have taken … (4 comments)
|
tenants: WHEW! SHE'S GONE! - 02/25/07 09:55 PM
I suppose we've seen just about ALL of it in Property Management:
the tenant from hellthe tenant from heaventhe sob storythe slob storythe slum lordthe good lordthe squattersthe plottersthe pleadersthe cheaters.....and the list goes on.....
We are thankful for the lessons we've learned which have assisted us in becoming wiser stewards over the properties we manage for others. The excitement of renting to a grateful tenant seeking a nice place to live is still with us. It's what we enjoy!
We answer the phones with anticipation of interviewing yet another family, couple, or single person. We are optimists and expect the right match for our home or apartment, understanding … (15 comments)
|
tenants: "A Wild Fuzzy Sunday" OR "Breakfast at Tiffany's" - 02/18/07 09:39 PM
Our tenant telephoned us Sunday morning to alert us that "it" was still there. She had not spent the night in her third floor apartment, because she was afraid "it" would show up again and terrorize her. Saturday night we searched and never found "it". What gave her the first clue that an "it" was there, was when she first entered in, observed garbage strewn on the kitchen floor, and a nibbled upon green apple in the midst of it all. She immediately backed out slowly, slammed and locked the door, and called us.
Back to Sunday morning...... OK, we're coming! we tell her, then hang up the phone! The drive to Matteson is … (47 comments)
|
tenants: New "Property Management" Group - 01/12/07 02:14 PM
It's here! A place on "Active Rain" for Property Managers! If you own a Property Management Company, own property for profit , are a landlord, or manage property, this is the place for you! If you are involved with property management in other capacities, consider joining the new ACTIVE PROPERTY MANAGEMENT group!
Come on in! Let's share about tenants, owners, landlords, apartment & house rentals, lease agreements, evictions, security deposits, etc. There's much to do! Property Management is one of the licensed professions in the Real Estate Industry that's needed. Many individual owners and investors have been duped by the "savvy" renter who knew how to use "tenant protection laws" … (12 comments)
|
tenants: Steps from RENTER to HOMEOWNER - 01/01/07 01:37 AM
Every tenant will not become a homeowner. A TRUE homeowner "to be" is someone who takes responsibility for themselves. They will not look for someone else to contribute to their cause. It is someone mature. It's someone who has added up the cost, and is willing to pay it. It is someone who does not need a "lord" over their land to supervise or make choices for them.
They have tempered their appetites in a prioritized manner. They are not looking for a hand-out. They are goal oriented and realistic. Rents are paid on time every month, and excuses are rarely made. These … (7 comments)
|
tenants: Tenants are like..... - 12/29/06 01:45 AM
GOOD tenants are like TEN ANTS working together with you to carry out all the rules of the lease to the end of the term! Select your future home buyer from these (Go to the ant thou sluggard and consider her ways and be wise! Prov. 6:6) KEEP THESE!!
BAD TEN ANTS are like destructive carpenter ants. They cause significant structural damage PRIOR to completing the lease period! RUN AWAY FROM THESE!!!
… (11 comments)
|
|
|
|
|
|
Diane Rice, SFR
South Holland,
IL
More about me…
Diane Rice, Rice Prprty Mgmnt & Rlty, LLC, South Holland, IL
Address: 423 East 158th Street, South Holland, IL, 60473
Office Phone: (708) 862-7423
Email Me
 Listings
Links
Archives
|
;)
;)
;)
