discriminating because I will not rent my investment property to people who do not have reliable employment. I have been told by few people that I am discriminating against them, but how do they expect to pay $280/week in rent if they dont work? I have had problems in the past with people who dont work not paying rent on time, if at all and have been forced to evict them. Do you think I am being fair?
Linda
Comments
Yes you are being fair!
no, I do not think you are discriminating..
let them get angry, maybe they will realize they need a job to have decent things in life..
just go ahead and rent it to a decent person who has stable employment..
Good Luck
no, you can choose not to rent to bad credit risks. do they have section 8? if so, i think that’s a guaranteed rent check.
no they are wrong, how would you expect to get your rent??
no i think your right for that, good luck
of course you’re not doing anything wrong, its your house, you decide who gets to live there, and people who ususally don’t pay rent shouldn’t be living there, i feel for you, so many political correctness going around its pitiful.
No you are not discriminating. There are not any decent places to rent anywhere that do not require you to have a good work record and a steady paying job. Most even do credit checks and background checks now.
I doubt any relevant authority would consider a fiscal responsibility analysis to be discrimination. They sound like whiny losers unless they’ve made it clear to you how they’re going to cover their rent.
If they’re sitting on liquid assets that more than cover their rent (for at least half of the term of the agreement) by three times or more, then their lack of work shouldn’t be as much of a concern. That’s how — unemployed as I was — I moved into my current place, I just showed the leasing agent my bank account. But without some evidence of being able to cover their costs, it’s not discrimination to reject them, it’s sound management.
I think you are being fair, people should understand that they should get only what they can pay for, many people just dont know how to invest their money and keep spending their money in things that dont really matter.
Desperate people act desperatly they will ‘Say Anything’ to get under your skin… but …if they are on Social Security then they ARE getting a check, I’d rent to them because they CAN pay. NEVER stick your neck out trust anyone who’s LAZY, though. Good Luck!!
Usually prop owners base ability to pay compared to a renters income, that is why they ask for verification of employment and a copy of a pay check etc.
something like no more than 1/3 of there income goes to rent.
same idea if you are buying a car.( different %)
Tell them they dont meet the income ratio index or something technicl/legal sounding to throw them.
and if they dont have a job, tell them their other option is to sign a one year lease and pay for the lease IN ADVANCE ( since they are so ind. wealthy). After the year it would have to be renegotiated.
Discriminating? Yes.
Legally discriminating? most likely not. (Depends on city or state rental laws.)
If your rental market has low vacancy rates, tell them to pound sand. (But I like the previous answer about social security income which is stable.)
As a business person, you are entitled to inquire as to the sources of their income and how regular it is – including asking the prospects for documentation for verification. (3 to 12 months of bank statements should do it.)
If you have a high vacancy rate, and need tenants, you might consider increasing the size of the security deposit, or they have to prepay / keep on deposit 3 months of rent, or similar. (Though, Calif. law limits the total deposit to 2X the monthly rental amount.)
You might consider keeping them on a monthly basis, and give them a 3-day notice to quit if they are one day late on a payment.
I guess it also depends on your city’s laws regarding eviction proceedings. Some cities are so liberal that some ‘evicted’ tenants have been able to stay for 6 or 12 months before the process with rent control boards can be completed.
Good luck
do they have any source of income?
ask for places of employment
then check them out
if none, just tell them they don’t have the resources
first off were the heck do you live that you charge by the week and1,040monthly also there are some people that may have an income without working out of the home. but to protect yourself and your property you have the right to ask for verification of there income.
