In a perfect world you would have lots of tenants with great credit, no criminal history and a spotless rent record. Sadly reality has to rain in on our parade, making the perfect tenant a rare animal and not the norm. This is even more true now with the economy the way it is. And for anyone living under a rock the last couple of years, I mean its completely horrible.
So before you write off tenants with black markets in their past, its a good idea to take a look at exactly what they are. For example I wouldn't write off someone who has a minor shop lifting charge when the were 19 if it was 10 or 20 years ago. After all, how many people did stupid crap in college. Most of us were just luck enough not to get caught. It is highly likely that the one incident was enough to scare them back on the straight and narrow, so why penalize them for something stupid they did in their youth, especially if everything else is spotless. You could be losing a great tenant.
Credit is a major sticking point for most landlords, with good reason. I mean who wants to rent to a tenant who has a habit of not paying. No one with any sense. Having to evict and take someone to court to get late rent is no walking in the park, so most landlords would prefer to avoid it. However that being said, it never hurts to take a closer look at why someone's credit isn't overly high.
After all lets face it, how many business have let go of employees to stay afloat or just gone under completely? A whole bunch, and finding a new job is a painful slow process for most people now a days. This could easily make it impossible to pay bills, especially large ones like mortgage. As that was the only issue and the tenant had a steady job and had been there for sometime, why let the fact that they haven't yet had enough time to erase the past from their credit stop you. Especially if their credit was good before things went down hill.
That being said, avoid people immediately tell you a sob story. The more dramatic and heart wrenching it is, the more likely it is to be a scam. Make sure you do your research, don't assume what the potential tenant is telling you is the truth. Happy tenant hunting.
Couple sues landlord over mold in Bound Brook rental home
Published: Sunday, August 09, 2009, 6:27 AM Updated: Monday, August 10, 2009, 10:44 AM
BOUND BROOK -- A husband and his pregnant wife are suing their former landlords, accusing the Jersey City couple of failing to remediate "toxic mold" from the Bound Brook home they rented until May.
A complaint filed last week with Superior Court in Somerville alleges that the mold may have caused the health problems Floyd and Tabatha McColley suffered from while living in the Cedar Crest Road house, and also suggests that it had an impact on the woman's unborn child.
"There's a definite problem with the baby that will require... immediate action after birth," Floyd McColley said Thursday, but stopped short of saying mold is responsible for the unspecified medical issue that was diagnosed by an obstetrician.
The girl, expected in about two months, will be born at Columbia University Medical Center in New York "so she's right there with the best doctors when she's born," said Floyd McColley, who now lives with his wife in Brick Township, Ocean County.
The couple's complaint, filed on July 27 by attorney John Charles Allen of New Brunswick, claims Sameen and Yameen Khan, the Jersey City husband and wife who rented the house to them, failed to respond to complaints that there was "severe leaking" and "substantial growth of toxic mold" in the home they moved into in August 2008.
Both McColley's had become sick after living in the home, Floyd McColley said.
"It was a gradual worsening of symptoms," he said.
They had issues with being over-tired and had trouble breathing, said the husband, who's sickness were more pronounced.
"As a result of the defects to the property and more importantly, the hazardous conditions with the property, plaintiffs were forced to move out," the complaint says.
Both McColleys are healthier since leaving, said the husband.
After moving, the landlords hired contractors who the court filing calls unqualified and not properly equipped to remove the mold. The complaint says workers destroyed property left behind by the McColleys, and Floyd McColley, who hired his own mold expert, said Thursday that the mold was made worse by the contractors.
The Khans never paid for the cost of alternate housing or relocation, the complaint said.
Reached Thursday, Sameen Khan referred questions to the couple's attorney, Michael Wroblewski of New York.
Reached Thursday, Sameen Khan referred questions to the couple's attorney, Michael Wroblewski of New York.
"My clients vigorously deny the allegations and have acted responsibly through this matter," he said later that day, but didn't want to elaborate.
The McColleys' suit, which is requesting a jury trial, asks that the couple be awarded compensation for various damages, as well as legal fees.
Floyd McColley, a military contractor, said he and his wife moved to Bound Brook from Illinois after his employer called him back from Iraq to work in New Jersey.
The home appeared nice when they moved in, but the flooding started with the first rain storm, he said.
"We had high hopes of staying in this place only to find out we'd moved into a nightmare."