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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 | 2 Comments »

2 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. 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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