Tenant Communication When Using A Property Mgr

Comments(9)

• 
  Jonny2Step9th May, 2005

  Thanks. That second 5%, is that of the purchase price or rent?

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  ray_higdon9th May, 2005

  It all depends on your area, we invest in low income rentals and plan for a 5% vacancy, but, we have no problem keeping them rented all the time. We budget 5% for repairs as well and lawn maintenance, advertising, legal, pest control, etc.
  [addsig]

• 
  ray_higdon9th May, 2005

  Both are 5% of the gross monthly income
  [addsig]

• 
  checkitup29th April, 2005

  I always charge a non-refundable $500 pet deposit. Non-refundable pet deposits are very common.

• 
  cyberpete2nd May, 2005

  Do you live in the dwelling as well? Is there a backyard involved?
  
  In my situation I will never rent to anyone with dogs becuase I live on the firt floor and my daughter plays in teh back yard. Be prepared to have dog dung on the property. Very few dog owners will actually pick up after thier dog.

• 
  corbint3rd May, 2005

  be careful about not taking tenants that have pets. ive heard of there being EOH discrimination cases because a possible tenant was turned away by a landlord due to them having a dog, only to find out the dog was either a seeing-eye dog OR was "prescribed" to help with their depression. make sure you dig deeper than "oh you have a pet, sorry!"
  
  good luck!

• 
  d_random3rd May, 2005

  I would think the pet owner would have to tell the landlord that the dog was a "seeing eye" or "prescribed" and then if the landlord refused the tenant because of the dog that would be discrimination. Otherwise, how would a landlord know?
  
  
  Quote:
  On 2005-05-03 16:43, corbint wrote:
  be careful about not taking tenants that have pets. ive heard of there being EOH discrimination cases because a possible tenant was turned away by a landlord due to them having a dog, only to find out the dog was either a seeing-eye dog OR was "prescribed" to help with their depression. make sure you dig deeper than "oh you have a pet, sorry!"
  
  good luck!
  [ Edited by d_random on Date 05/03/2005 ]

• 
  la2lawoman11th May, 2005

  Thanks to everyone for the input. I will certainly take everything you guys have said into consideration before making any choices. Just an update on the situation they decided on an even bigger place than we have so that isssue is over for now. Besides it has given us a little more time to make some improvements before we rent it out. Thanks again you guys.
  Christine

• 
  house2house12th May, 2005

  HI,
  Just a thought....
  Have $10.00 additional rent a month. Pet owners have come to accept this.
  But I think, a refundable deposit, make it a high amount, is a better idea. Reason: It gives the tenant a reason to keep the home in excellent condition. They will work to keep the house/apt. nicer if there is a chance to get some or all of their money back. If they know they are not getting their depost back, then they figure they are going to get their non-refundable deposits worth. Even if they only get 1/2 or less back on their deposit, because you have some cleaning up to do, but I agree with the above person..... kids can do just as bad or worst. And kids run and play and make all kinds of noise
  Just have a great contract with everything to cover you, and if they agree... all is well.
  Have a good year
  PS Remember.... some animals are treated like some peoples children. I had a friend that had to bring her dog over to meet the Landlord before he would consider renting to them. They got the apartment.