Comments on: Economic Downturn or Tall Tale? http://www.landlord-success.com/care-and-feeding-of-tenants/economic-downturn-or-tall-tale How to be a successful landlord Fri, 16 Dec 2011 08:32:15 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Harastus http://www.landlord-success.com/care-and-feeding-of-tenants/economic-downturn-or-tall-tale/comment-page-1#comment-16340 Harastus Tue, 18 Mar 2008 23:04:12 +0000 http://www.landlord-success.com/care-and-feeding-of-tenants/economic-downturn-or-tall-tale#comment-16340 I have a broken lease clause with a penalty and a 30-day notice clause, also with a penalty. Usually, these are enough to keep all the deposit (equivalent to one month's full rent) and charge the tenant additional money for breaching the lease provisions. Of course they promise to pay at the end of the month, but they move out piece by piece for the rest of the month until they leave just before the end of the month, usually to their recently purchase house or lower priced rental. They'll either give me a relative's forwarding address, a PO Box or state that they'll call me with a new address (they use this when they say they're going to live with a relative who doesn't want his address to be given to third parties.) Hmm, my only recourse at this point is to write a letter to the tenants work supervisor (and sometimes church pastor) attesting to my character observations of the tenant. Of course, I preface the letter with a notice that this is not an attempt to collect a debt. Usually, the threat of this letter will spur the soon to be delinquent tenant/breacher into positive and constructive action. Tenants will listen if they really value their reputation at work or are in a position of trust and responsibility such as a teacher, teacher's aide, church deacon/elder, or work for the government. I have a broken lease clause with a penalty and a 30-day notice clause, also with a penalty. Usually, these are enough to keep all the deposit (equivalent to one month’s full rent) and charge the tenant additional money for breaching the lease provisions. Of course they promise to pay at the end of the month, but they move out piece by piece for the rest of the month until they leave just before the end of the month, usually to their recently purchase house or lower priced rental.
They’ll either give me a relative’s forwarding address, a PO Box or state that they’ll call me with a new address (they use this when they say they’re going to live with a relative who doesn’t want his address to be given to third parties.) Hmm, my only recourse at this point is to write a letter to the tenants work supervisor (and sometimes church pastor) attesting to my character observations of the tenant. Of course, I preface the letter with a notice that this is not an attempt to collect a debt. Usually, the threat of this letter will spur the soon to be delinquent tenant/breacher into positive and constructive action. Tenants will listen if they really value their reputation at work or are in a position of trust and responsibility such as a teacher, teacher’s aide, church deacon/elder, or work for the government.

]]> By: TheLandlord http://www.landlord-success.com/care-and-feeding-of-tenants/economic-downturn-or-tall-tale/comment-page-1#comment-8399 TheLandlord Mon, 29 Oct 2007 14:27:59 +0000 http://www.landlord-success.com/care-and-feeding-of-tenants/economic-downturn-or-tall-tale#comment-8399 Jessica, I know right? My thought is that they bought a house somewhere and didn't want to pay the "break-the-lease" penalty. They did lose their deposit but it wasn't too much money. Whatever. Jessica, I know right? My thought is that they bought a house somewhere and didn’t want to pay the “break-the-lease” penalty. They did lose their deposit but it wasn’t too much money.

Whatever.

]]> By: Jessica Hickok http://www.landlord-success.com/care-and-feeding-of-tenants/economic-downturn-or-tall-tale/comment-page-1#comment-8395 Jessica Hickok Mon, 29 Oct 2007 14:01:50 +0000 http://www.landlord-success.com/care-and-feeding-of-tenants/economic-downturn-or-tall-tale#comment-8395 Tall Tale. The only downturn here is that our society and Tenants like these all think that they are "overqualified" and deserve to be paid more. Yeah. Ok. Whatever. Tall Tale. The only downturn here is that our society and Tenants like these all think that they are “overqualified” and deserve to be paid more. Yeah. Ok. Whatever.

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