cheeky said:

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NoahAg said:

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Yes. Had one contract to move in 7/3 but the lady didn't pay the deposit so I scrapped it. Had lots of showings. I think 3-4 more legit applications. Turned a couple away because income or credit score were too low.
Signed a lady with one kid and really good income.

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Poor lady cannot possibly know that she has an amateur landlord

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scrap said:

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NoahAg said:

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I had good renters for 4 years who didn't complain and took good care of the house. They let me know a couple of months ago that they weren't renewing b/c they are buying a house.

They "misread" the lease, thinking they had to be out by 5/31, when the end date is actually 6/30, and haven't paid June's rent. All their stuff is out now, and I of course still have their security deposit which is 1.5X the rent.

Obviously I'm keeping the deposit. But I'm not sure what else I could have done. I've already changed the locks and we've had lots of showings.

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Hold Up Just a SECOND.

Your second sentence of the last paragraph "But I'm, not sure what else I could have done". REALLY?

1) How about when you got notice you let them know they are breaking the lease early and are in jeopardy of losing their deposit. Yeah, I hear you, "it's not my responsibility to advise them, their ignorance is their loss". You are correct Sir! But that does not make you RIGHT......get my drift.

You said they were Good Renters for 4 years, did not complain and took care of the house. I wonder if they have any ill will toward you. 2) Normally when I have good renters, especially for 4 years and they don't renew I usually ask what's up. YOU PROBABLY DID TOO. But as soon as you knew their time frame you thought what a windfall I now have a way to keep their deposit if I just keep my mouth shut.

But the letter of the law your are correct......right on!

Your Title ask what would I've done.

Here is what I would have done. Advised them of their lease terms and consequence when they gave notice. And because of their tenure as GOOD renters, i would have tried to work out an agreement with them so they would have the opportunity not to lose their deposit. Are you possibly feeling a little uneasy and looking for support from fellow Ags here. Sorry but you won't get it here.

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94chem said:

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OP,
If you didn't expect to get the financial hell knocked out of you every time you change tenants, you may not be cut out for the landlord gig. Rental properties make about as much sense as timeshares for most people.

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htxag09 said:

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I guess this post confuses me even more.

When they notified you they were moving out early they also offered to settle the rent via the deposit? But you came to complain and ask what you could have done differently?

So they essentially rented the house for 4 years, were good tenants, and gave you the last month of the house being paid yet empty so easier to show/keep clean?

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