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bad credit Archives: • May, 2007

Rent an Apartment. Even with Bad Credit

By Brian White at 05/28/07 09:36
bad credit Rent an Apartment. Even with Bad Credit
Even if you have bad credit, you still need and deserve a place to live. Your ability to buy a home is limited, though not ruled out entirely, but your ability to get an apartment isn't ruled out entirely.

Here's what you need to do:

1 – Have a good job with solid references and verifiable income and contact information. If you don't, that's a big, big problem.

2 – Expect to pay first, last and deposit. Almost anybody will take you with that much cash on tap.

3 – Have solid personal references, preferably from your boss. Check with your boss in advance, and that will help.

4 – Don't show up drunk, high, or disheveled. If you have substance problems, address them today, no matter whether your home is secure, guaranteed or in-tents.

5 – Don't appear unkempt. Shave, groom and bathe before meeting with the landlord or lady.

6 – Take on a credit repair agency to clear up your erroneous credit problems. This will improve your credit score and make you better off on a rental profile.

7 – Just like in the dating world, don't come on too strong. Desperation is a fragrance that reeks from a mile away, so wear Axe body spray to waft over the top of it if you must.

You can rent an apartment, as everybody can. If you're unsure that you'll get a good reference from your old landlord, ask a friend of yours to call and check your reference, and see what is said about you. If it's negative, contact the landlord yourself and remind them of the facts that you paid, left no damages and other critical factors that they might have left out. Before you know it, you'll be house-landed once again.

If your present landlord won't give you a good reference, take an extra month or ten in his or her house and let them pay for their failure to be honest. I'll write about that again in the very near future.

Tags: renting • bad credit •
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Screening Renters the Wrong Way

By Brian White at 05/24/07 17:23
I once owned a dozen and a half properties, and I lost them all. I can blame ex-girlfriends easy enough, or shyster real estate opportunists like the frequently bankrupt Mike Westford, but in truth, I only have myself to blame, and in many ways thanks to my poor choice in renters.

Here's some "wrong" ways to accept tenants:

1– Always, always, always get (and review) credit reports.

2 – Don't accept the sob stories. Everybody has one, and half the time you'll lose to the tune of $30,000.

3 – Don't take any excuses on credit reports. I've seen them, and made the very same unfounded excuses myself.

4 – Never, ever, ever be seduced by seduction. If you're up for renting to credit-dejected whores or strippers, it might work, but even still you're likely to face a horrible, terrible end.

5– Don't ever see the "Section-8" or subsidized housing allowance as any sort of creditworthiness. If anything, from my experience, these things detract. These tenants don't pay the rent, so they don't recognize the value.

6 – Never take periods of cash, not even six-month advance rent, in lieu of credit-worthiness. Trust me, I've been burned on this one.

7 – Don't accept referrals from other renters, unless they're willing to be co-signors. I've been burned to hell on that one too.

Tags: renters • bad credit •
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bad credit Archives: • May, 2007

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