4 ms·

They really do that in America? I rented a lot of apartments in my country and was never asked about my income, or had a credit check. The usual way of avoiding

by mamon 9y ago

They really do that in America? I rented a lot of apartments in my country and was never asked about my income, or had a credit check. The usual way of avoiding not paying renters is requiring first rent plus guarantee deposit (usually equal to the one month rent) in advance. No further proofs of financial credibility required.

ryan-c 9y ago
I've never rented an apartment in the US where they didn't do a credit check. Some places want a pay stub or some other proof of financial means. In a lot of parts of the US it can take several months to evict someone.
CodeWriter23 9y ago
How fast can a non-paying renter be legally removed from the property in your country? In the US, someone with no legal skills can drag it out for 6-18 months by asserting various nonsense.
- astura 9y ago
  Why is the comment downvoted? It's not wrong. Sure, it's not common but it can and does happen. People who work the system are called "serial evictees." https://archives.sfweekly.com/sanfrancisco/how-renters-work-the-system-to-live-for-free-in-one-of-americas-most-expensive-cities/Content?oid=2168672 https://archives.sfweekly.com/sanfrancisco/how-renters-work-... >Depending on the vigilance of the landlord, a seasoned serial evictee like Getzow can get away with a minimum of 45 days and sometimes up to a year of free rent. The actual number of serial evictees operating in San Francisco is difficult to track, but some attorneys who specialize in representing landlords estimate there are between 20 and 100.
  - CodeWriter23 9y ago
    Thanks. The people in the unit adjacent to one of my dear friends are serial evictees. At this point, they haven’t paid rent in 8 months, and the landlord is totally on it, working to get them out legally.
deleted 9y ago
[deleted]
astura 9y ago
There's strong landlord-tenant laws in most parts of the United States that make renting to a stranger a risky venture. You can't just show up and move all their stuff to the curb and change the locks if your tenant stops paying rent - you have to go through a court process which can take a while. Landlords are looking for tenants who are likely to pay rent, it makes sense they want to rent to people who actually have the means to pay rent. We are in the age of Big Data where background information is widely available for a small fee, it makes sense they want to get as much information as possible on prospective tenants. I've never rented where I wasn't required to pay first month's rent and a security deposit as well. Though it would have to be an insanely hot market for this practice to work - vacancy is extremely expensive for a landlord and the margins on being a landlord are fairly low (despite what the guy giving the "I'll teach you to be rich" presentation at the Holiday Inn will tell you). In fact, I've heard of landlords keeping rents to long term tenants a bit under market price just to keep them, I rented for six years without a single rent increase.
- emodendroket 9y ago
  The money in renting is if you own a gazillion apartments and can easily weather losses in one or two properties. It's hard to see the appeal of being a small-time landlord.

by mamon 9y ago

ryan-c 9y ago

I've never rented an apartment in the US where they didn't do a credit check. Some places want a pay stub or some other proof of financial means. In a lot of parts of the US it can take several months to evict someone.

CodeWriter23 9y ago

How fast can a non-paying renter be legally removed from the property in your country? In the US, someone with no legal skills can drag it out for 6-18 months by asserting various nonsense.

astura 9y ago
Why is the comment downvoted? It's not wrong. Sure, it's not common but it can and does happen. People who work the system are called "serial evictees." https://archives.sfweekly.com/sanfrancisco/how-renters-work-the-system-to-live-for-free-in-one-of-americas-most-expensive-cities/Content?oid=2168672 https://archives.sfweekly.com/sanfrancisco/how-renters-work-... >Depending on the vigilance of the landlord, a seasoned serial evictee like Getzow can get away with a minimum of 45 days and sometimes up to a year of free rent. The actual number of serial evictees operating in San Francisco is difficult to track, but some attorneys who specialize in representing landlords estimate there are between 20 and 100.
- CodeWriter23 9y ago
  Thanks. The people in the unit adjacent to one of my dear friends are serial evictees. At this point, they haven’t paid rent in 8 months, and the landlord is totally on it, working to get them out legally.

deleted 9y ago

[deleted]

astura 9y ago

There's strong landlord-tenant laws in most parts of the United States that make renting to a stranger a risky venture. You can't just show up and move all their stuff to the curb and change the locks if your tenant stops paying rent - you have to go through a court process which can take a while. Landlords are looking for tenants who are likely to pay rent, it makes sense they want to rent to people who actually have the means to pay rent. We are in the age of Big Data where background information is widely available for a small fee, it makes sense they want to get as much information as possible on prospective tenants. I've never rented where I wasn't required to pay first month's rent and a security deposit as well. Though it would have to be an insanely hot market for this practice to work - vacancy is extremely expensive for a landlord and the margins on being a landlord are fairly low (despite what the guy giving the "I'll teach you to be rich" presentation at the Holiday Inn will tell you). In fact, I've heard of landlords keeping rents to long term tenants a bit under market price just to keep them, I rented for six years without a single rent increase.

emodendroket 9y ago
The money in renting is if you own a gazillion apartments and can easily weather losses in one or two properties. It's hard to see the appeal of being a small-time landlord.