Real Estate Profits And Losses: Prospective Tenants and Breakups. Scenario 42.
This is how this works: Someone calls about your rental unit. You tell them the unit is a one bedroom renting for $600 per month. The person agrees to the charges. You set a time to meet. The person shows up. They look relatively normal. In MoneyKing’s particular case here the dude in question has a tattoo on his neck—so he definitely doesn’t look “normal”, but MoneyKing digresses . . .
Someone shows up to look at your unit. You’ve got 5 rooms to show the person. You’ve got a bedroom, a living room, a kitchen, a bathroom and a laundry room. The person looks at the living room (a requirement to gain access to the rest of the home), the kitchen (where the rental applications are), and the bedroom. The person doesn’t look at the laundry room, the backdoor or even the bathroom.
Does this sound kosher to you????!!!!
If you’re saying, “Yes, MoneyKing. This sounds great to me.” then you’re just not getting it, ladies and/or gentlemen.
If someone comes to look at your place, and they don’t even go into a few of the rooms, that’s a red flag right there. You know what else is a problem here?
Imagine the following is a line on your rental application requiring an answer from your prospect:
Reason for leaving your previous residence:
Now imagine that this is the answer you receive from your prospect:
BREAK UP!
What The Hell Is This???!!!
Here’s The Money King’s Tip: Kindly wrap up your interview with your person, and then, “TEAR UP THE DAMN APPLICATION!”
It’s just that simple. In MoneyKing’s case, the neck tattoo dude had no job, took $900 dollars a month out of the system’s pocket for a “disability,” had 4 children and just broke up with his girlfriend. He was living at his mother’s house and needed to get his own place. Why the hell MoneyKing would approve this guy, he’s not quite sure. The lesson to be learned here is that no money, no job and a bunch of kids are still no match for dealing with someone simple enough to write “BREAK UP!” as the reason they left their last residence.
Why?
Because whomever is the second party in the break up will be living at your place. The Money Kings guaran-frickin’-tee it. You want zero to do with people that are just getting over breaking up with a roommate, spouse, and all the rest of the wicked permutations that “love” can bring to someone’s life. Most of the time, there’s zero chance of you finding this out about a tenant before renting. If they’re dumb enough to tell you a priori… you’ve heard enough.
Good luck out there.

We have been getting some wierd applicants recently. I love ones that don’t show up (never calling and then call the next day and want to schedule another appointment. If someone can not make an appointment they probably will not pay rent on a regulat basis.
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