Comments on: The Story of My Bad Tenant And How It Began

By: Missy

Missy — Wed, 03 Jun 2009 00:27:15 +0000

Stumbled over your blog. Have you ever heard of NoPayTenants.com?

By: Carnival of Personal Finance #203 | Growing Money

Carnival of Personal Finance #203 | Growing Money — Sun, 10 May 2009 18:17:46 +0000

[...] It also includes my real estate post, The Story of My Bad Tenant And How It Began. [...]

By: Moments of Fame : Funny about Money

Moments of Fame : Funny about Money — Wed, 06 May 2009 00:13:31 +0000

[...] an excursion into the landlord game, better check out Growing Money’s eye-popping saga about a tenant from Hell. And speaking of real estate, Funny’s recent Zillow perusal, which seems to contradict [...]

By: Carnival of Personal Finance: Birthdays Edition | Weakonomi¢s

Carnival of Personal Finance: Birthdays Edition | Weakonomi¢s — Mon, 04 May 2009 11:24:09 +0000

[...] Smarty from Growing Money presents The Story of My Bad Tenant And How It Began. [...]

By: Philly_LL

Philly_LL — Mon, 04 May 2009 03:08:50 +0000

You’ve got a good idea on what to expect. $71,000 is a pretty good amount of cash for someone to make and still be a renter. I’d have to ask, did the RE agent verify income (paystubs or 2 years worth of W2′s if self employed)?

You can’t judge someone on one part alone. Recent late payments would have been a flag for me. Any charge offs that were recent (within the last year) would also have been a flag.

The most important reference is not the current landlord, but the previous landlord. A current landlord may give a good reference just to get the person out. The previous landlord may be more open to discuss issues.

I’ve got to ask, why didn’t Earl post a Pay or Quit notice once the tenant was late with the rent? Technically you don’t even need one in Philly if you have a clause waving right to notice. PA is one of the few places that allows a tenant to waive their right to notice. I always post a pay or quit on day 6 if I haven’t received rent (I have a 5 day grace period). I do this just to protect my rights if I actually need to file eviction.