Ridiculous Renter's Terms.

[XARZY]

So I'm in the process of fixing up my condo to sell it out and need to move. We decided to look for a rental house and found one for 2.8k a month. They asked for our credit reports first month + 2 months deposit. We agreed to the terms, i provided my credit score but didnt pull a report since I dont want to ding my average credit score. I told the realtor that I would offer 6 months advanced payment for their piece of mind if I could avoid pulling my credit report, they countered with 1 year advanced payment + 2 months deposit or 6 months advanced + 4 months deposit. I am utterly disgusted with their greed.

I told the realtor that I am taking the 6 months advanced payment off the table and only offering my credit report and the regular terms and if they have a problem with it, I'll gladly look for another house. $11.2k in deposits is dispicable. I told the realtor I was insulted by the offer. My wife almost replied to the message with a big FU, thats how pissed she was.

RANT OVER.

[sonnyday]

Having your credit pulled once won't ding your score at all. If it is pulled multiple times in a short time period, that will don't your credit score

[Nicnac]

Originally Posted by sonnyday

Having your credit pulled once won't ding your score at all. If it is pulled multiple times in a short time period, that will don't your credit score

Google hard vs soft credit inquiries.

[XARZY]

Originally Posted by sonnyday

Having your credit pulled once won't ding your score at all. If it is pulled multiple times in a short time period, that will don't your credit score

had it pulled recently while trying to get preapproved for a mortgage, hopefully this wont add to the recent decline.

[MasterPattie]

Originally Posted by XARZY

So I'm in the process of fixing up my condo to sell it out and need to move. We decided to look for a rental house and found one for 2.8k a month. They asked for our credit reports first month + 2 months deposit. We agreed to the terms, i provided my credit score but didnt pull a report since I dont want to ding my average credit score. I told the realtor that I would offer 6 months advanced payment for their piece of mind if I could avoid pulling my credit report, they countered with 1 year advanced payment + 2 months deposit or 6 months advanced + 4 months deposit. I am utterly disgusted with their greed.

I told the realtor that I am taking the 6 months advanced payment off the table and only offering my credit report and the regular terms and if they have a problem with it, I'll gladly look for another house. $11.2k in deposits is dispicable. I told the realtor I was insulted by the offer. My wife almost replied to the message with a big FU, thats how pissed she was.

RANT OVER.

2.8k per month seems really expensive, but I know prices can be high down there in south Florida.

When you say realtor, this a rental/property company or an individual owner you are working with? That can sometimes make a difference.

They are jerking you around. BUT I'd much rather pay the first month + 2 months deposit with a pulled credit report than any of those other scenarios you suggested.

[XARZY]

Originally Posted by MasterPattie

2.8k per month seems really expensive, but I know prices can be high down there in south Florida.

When you say realtor, this a rental/property company or an individual owner you are working with? That can sometimes make a difference.

They are jerking you around. BUT I'd much rather pay the first month + 2 months deposit with a pulled credit report than any of those other scenarios you suggested.

Realtor who is handling the listing. Realtor is probably going back to the landlord telling them they f'd things up with a counter.

5 bedroom + pool.

I dont mind what I originally offered since I have the money set aside for it but to for them to actually counter is an insult and they deserve to lose me as a potential tenant.

[tacoma34]

How does paying in advance negate the need for a credit report?

[MasterPattie]

Originally Posted by XARZY

Realtor who is handling the listing. Realtor is probably going back to the landlord telling them they f'd things up with a counter.

5 bedroom + pool.

I dont mind what I originally offered since I have the money set aside for it but to for them to actually counter is an insult and they deserve to lose me as a potential tenant.

Sounds nice.

5 bedroom. Do you need that much space? How many people would be actually living there?

[tennelson55]

So you agreed to the terms...

What am I missing here?

[XARZY]

Originally Posted by MasterPattie

Sounds nice.

5 bedroom. Do you need that much space? How many people would be actually living there?

3 kids, and a grandmother. Youngest's room would double for guest room.

Originally Posted by tacoma34

How does paying in advance negate the need for a credit report?

What does a credit report have anything to do with renting a house? I have proof of funds, income and deposit. Im not buying or taking out a loan...

Originally Posted by tennelson55

So you agreed to the terms...

What am I missing here?

I agreed to 1 + 2 and offered 6 + 2. The wanted 6+4 or 1yr + 2. I didnt agree to that.

[chezball]

I can't say what I would tell them.

[cruiserdaddy7]

Originally Posted by XARZY

3 kids, and a grandmother. Youngest's room would double for guest room.

What does a credit report have anything to do with renting a house? I have proof of funds, income and deposit. Im not buying or taking out a loan...


I agreed to 1 + 2 and offered 6 + 2. The wanted 6+4 or 1yr + 2. I didnt agree to that.

We pull credit reports on all of our tenants. Shows payment history, address history, any liens and/court cases etc. Collections accounts, you name it. Tenants allow renters to be a guest in our properties. We are qualified to buy while alot of times home renters are not. It's our job to protect our investment and find out why that may be. If your role were to be reversed, you would feel differently.

[XARZY]

Originally Posted by chezball

I can't say what I would tell them.

I know how you feel. The realtor sent me a text apologizing and asking for the credit report, Im giving the cold shoulder making them wait. Made sure to let her know that Im ready to walk away if I get any more shenanigans from the owners.

Originally Posted by cruiserdaddy7

We pull credit reports on all of our tenants. Shows payment history, address history, any liens and/court cases etc. Collections accounts, you name it. Tenants allow renters to be a guest in our properties. We are qualified to buy while alot of times home renters are not. It's our job to protect our investment and find out why that may be. If your role were to be reversed, you would feel differently.

I can understand this but they proceeded to ask for more before even asking for the credit report(seeing it). A simple we appreciate the offer, we will still need the credit report wouldve been sufficient.

[jlzinck]

Wealthy people problems

[cdub6238]

Originally Posted by XARZY

I know how you feel. The realtor sent me a text apologizing and asking for the credit report, Im giving the cold shoulder making them wait. Made sure to let her know that Im ready to walk away if I get any more shenanigans from the owners.


I can understand this but they proceeded to ask for more before even asking for the credit report(seeing it). A simple we appreciate the offer, we will still need the credit report wouldve been sufficient.

im a little confused by your conflicting reports..

- you say the original deal was= 1st month, 2 months deposit AND CREDIT REPORT...and you AGREED to terms

- then you say you only provided your credit score...which was NOT the agreement...

- you then..tried to counter the original terms you agreed to by paying more $$$..and got mad at them when they countered your counter??

what am i missing exactly?

[Burks]

At $2800 a month rent, I'm pulling a report on a tenant too. That's not chump change to most. Hell, had my report pulled for $650/mo. Are you really concerned over a couple points when you're paying $2800?

[XARZY]

Originally Posted by cdub6238

im a little confused by your conflicting reports..

- you say the original deal was= 1st month, 2 months deposit AND CREDIT REPORT...and you AGREED to terms

- then you say you only provided your credit score...which was NOT the agreement...

- you then..tried to counter the original terms you agreed to by paying more $$$..and got mad at them when they countered your counter??

what am i missing exactly?

I never said I wouldnt provide credit report, I offered more months to 'make things easy' in deciding. I can easily pull a credit karma report that wont ding me but its not as detailed as a full report. I never said I wouldnt provide what i was asked for, im just incredibly busy right now and cant do it. The realtor was told from the get go that the 6 months were to make things easier for them since my credit is average.

Originally Posted by Burks

At $2800 a month rent, I'm pulling a report on a tenant too. That's not chump change to most. Hell, had my report pulled for $650/mo. Are you really concerned over a couple points when you're paying $2800?

I really want to avoid a hard inquiry and would prefer a 'credit karma' report. It may not be as detailed but still would get it done.
After I had offered the 6 months I never said I wouldnt do what I agreed to, just became incredibly busy and never expected them to think I wouldnt provide them with what I agreed to.


And before I get a smartass saying how I can be too busy, Im in the ER where my grandmother is getting treated for a possible pneumonia.

[hairysasquatch]

All I can say is I think dwadecollector should have been called in for advice.
LMAOOOOOOOOOOOOOOOOOO.

[XARZY]

Originally Posted by cdub6238

im a little confused by your conflicting reports..

- you say the original deal was= 1st month, 2 months deposit AND CREDIT REPORT...and you AGREED to terms

- then you say you only provided your credit score...which was NOT the agreement...

- you then..tried to counter the original terms you agreed to by paying more $$$..and got mad at them when they countered your counter??

what am i missing exactly?

I never 'countered with only my score'. I was out of the house and thats all I had available to provide the realtor. She said she would see if that was enough. I said that I would offer 6 months advanced payment if it made things easier for them. Thats the last of the conversation that I had with her. I became busy afterwards and got their 6+4 'counteroffer'. Like I said, if the landlords wouldve just said that they still need the credit report as opposed to counteroffering with ridiculous terms, there would not have been a problem.

[cdub6238]

Originally Posted by XARZY

I never said I wouldnt provide credit report, I offered more months to 'make things easy' in deciding. I can easily pull a credit karma report that wont ding me but its not as detailed as a full report. I never said I wouldnt provide what i was asked for, im just incredibly busy right now and cant do it. The realtor was told from the get go that the 6 months were to make things easier for them since my credit is average.


I really want to avoid a hard inquiry and would prefer a 'credit karma' report. It may not be as detailed but still would get it done.
After I had offered the 6 months I never said I wouldnt do what I agreed to, just became incredibly busy and never expected them to think I wouldnt provide them with what I agreed to.


And before I get a smartass saying how I can be too busy, Im in the ER where my grandmother is getting treated for a possible pneumonia.

sorry to hear about your family issue, but maybe that is also helping compile and add to your stress?

i was just confused as to why you would get upset at them for countering your "counter" to the original agreement...

if you made an offer, to "make things easier" and just offered more money...that would set off some red flags to me and make me overly cautious, maybe that was the reason for the "unreasonable" terms countered back

[XARZY]

Originally Posted by cdub6238

sorry to hear about your family issue, but maybe that is also helping compile and add to your stress?

i was just confused as to why you would get upset at them for countering your "counter" to the original agreement...

if you made an offer, to "make things easier" and just offered more money...that would set off some red flags to me and make me overly cautious, maybe that was the reason for the "unreasonable" terms countered back

The make things easier was to 'overlook' the average score and high credit usage. I have interest free cards that are used for business expenses and will be paid off once we sell our property, that was my intention with the prepayment offer. Like i mentioned to the realtor, my credit is average not toxic.

The hostility towards the counter offer is because of the fact that we put 8.4k into escrow today for their leasing terms, need to put another 1k into deposit for the hoa IF we continue forward with the lease AND pay for 250 in HOA application fees. On top of this we offer them more money to make things easy with the process and they ask for more money in return. My offer of paying 6 months in advance isnt for short cuts but to facilitate the process. We were expecting the realtor to come back to us and say ok all we need is the clean police record and credit report, and will overlook the average score and high credit usage. Not we want 6 + 4 or 1yr + 2.

[Cervantes]

Hope your grandmother is well.

Best of luck.

[XARZY]

Originally Posted by Cervantes

Hope your grandmother is well.

Best of luck.

Thanks man.

[jstephens24]

Just this week we were supposed to close on our old house on Tuesday. We show up to closing and 10 min before we sign the new buyers wouldn't sign our 30 day lease back. Their realtor claimed knew nothing about it even though it was in listing and our realtor told him that we needed 30 days while doing negotiations. We gave them til 5 that evening to decided or putting house back on market. They emailed back at 6 saying they wont sign and would be contacting lawyers.

Wednesday we listed the house back on the market and had 4 showings. Later on they emailed back saying they would rent to us back at $100 per day instead of the $45 a day. We told them absolutely not. We assume lawyers told them nothing they could do.

Thursday they agreed to our $45. We were very close to not agreeing with them and waiting for new buyer but just wanted to get it over with

[moose84]

I see nothing wrong with you trying to negotiate with them in the beginnning. Money talks.

Best of luck with granny!