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New Renters

July 14th, 2011 at 01:42 pm

Long story short - we have a house that we no longer live in that has been for sale for nearly four years. We're probably $5-10,000 under water. It's listed as Mort. 1 under my info on the side bar.

We had renters in that house from last October until about a month ago. Our new renters are moving in this Saturday. The rent covers about 3/4ths of our PITI.

I don't like being a land lord - always wondering if the payment will come, if the check will clear, etc. I just want to sell the house and be done with it all. Our new renters are interested in buying, but are apparently not in a financial position to do so at the time.

So, we're doing the back ground check, and signing the lease agreement, and crossing our fingers that at a minimum, they pay every month and maybe just maybe were aquainting ourselves with the future owners of our house.

Posted in Debt, Personal Finance | 3 Comments »

3 Responses to “New Renters”

  1. creditcardfree Says:
    July 14th, 2011 at 02:05 pm 1310652328
    1310652328

    Fingers crossed that you have viable renters and possible buyers. Is the house for sale while you are renting?

  2. sharmanl Says:
    July 15th, 2011 at 01:50 am 1310694602
    1310694602

    We've been landlords for over 5-years. Only had one bad experience, and I kicked them out after 3-weeks. I saw that they were going to destroy our property. They moved in August 4, 2010 and moved out Sept. 30 2010. Anyway, we have an AWESOME tenant now, and couldn't be happier. We have gotten all our tenants from craigslist. Being a landlord doesn't have to be forever, but just learn and grow from it while you're doing it. Good luck!

  3. justericka Says:
    July 15th, 2011 at 05:35 pm 1310751329
    1310751329

    im just wondering..do all landlords ask for first and last months rent and a deposit? may i ask why they ask for last months rent? ive not rented on my own for years, and this is my first experience..so im lost. thanks!

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