As long as you have the money in your greedy little hand each month at the same time, why is it any of your business whether your tenants are working?
2007-02-21 02:50:43 · 9 answers · asked by cejones345 1 in Business & Finance ➔ Renting & Real Estate
Once you have a lease and have moved in, your landlord won't care whether you are working as long as you keep paying your rent. But when a landlord is screening tenants before any have moved in, he/she will usually only accept ones with an income stream.
If you need someone to pay you a large amount each and every month, why in the world would you pick a person with no monthly income over someone with a job? Think about it.
2007-02-21 02:56:03 · answer #1 · answered by lizzgeorge 4 · 2⤊ 0⤋
Tenants don't have to be working to qualify, otherwise retired folks, those living off a trust or annuity, and the comfortably wealthy would be unable to rent. That said, people who aren't working normally have to demonstrate an ability to follow through either by independent verification of a regular income stream (such as dividend or annuity payments) or pay a substantial sum of rent in advance to qualify.
Remember, a landlord is handing an extremely valuable asset over to you. You're getting use of a property worth hundreds of thousands of dollars - and it's reasonable for the landlord to verify you have a reliable income if you're going to pay in installments rather than a lump sum.
As an aside, most landlords are regular folks who work for their money and have one or two rentals. Most of the folks I work with are older and have saved all their lives to put their property to work and provide a little bit of retirement income. They aren't "evil" or out to take advantage of someone. Sure there are bad ones, but no more than there are bad tenants - people are people.
Maybe one day you'll do well enough to have some real estate investments and other folks can put their rent money into your greedy little hand. All landlords aren't bad - just like all people who ask a question on Yahoo aren't angry.
2007-02-21 07:23:04 · answer #2 · answered by njc_flhtc 4 · 0⤊ 0⤋
I would say good business sense. It would be a bad move for a landlord to rent a unit to someone who does not have a job. If that person could show that they have a lot of extra money from something the landlord might make an exception. However, I would not bank on that.
The business of rentals is a hard one. Getting a renter who cannot pay for a month (or two if the landlord is nice) can ruin their profits from that unit. Remember, a landlord is running a business. They cannot afford to give their product away. They cannot afford to take chances on the people renting from them.
2007-02-21 02:57:22 · answer #3 · answered by A.Mercer 7 · 2⤊ 0⤋
I'm not defending landlords here, because in my personal experiece I am not to fond of them either, but I would say the answer is ---They want to make sure the money doesnt run out. Anyone can save for a while and pay a few months rent, but when that money runs out( if you dont have a job) then it gets messy.
Im not sure where you live, but in my experience as long as you can give them first and last months and a security depost they dont scrutizine your employment all that much.
2007-02-21 02:57:21 · answer #4 · answered by Anonymous · 2⤊ 0⤋
A tenant having a job says responsibility and the ability to pay.
2007-02-21 04:33:19 · answer #5 · answered by KathyS 7 · 0⤊ 0⤋
Because they can use it as an excuse not to pay. and It depresses them. I had a tenant who was just out of school, just started a job . lost it a month later, parents were paying her rent, and then left on bad terms depressed and misserable.
Make sure they are stable!
2007-02-21 02:58:07 · answer #6 · answered by zanoman23 2 · 1⤊ 0⤋
They want to know you have a monthly income that can cover the rent. Try to excercise a little common sense before you ask stupid questions. If you don't want landlords in your business go buy your own place to live. But BEWARE the lender is going to ask about your employment, yes they want to know if you can cover the mortgage.
2007-02-21 05:50:16 · answer #7 · answered by greenshirt 2 · 0⤊ 0⤋
Hmm...a bit touchy about something???
I'm going to guess (I'm not a landlord, but a tenant) that they want to know that you have a steady income in order to pay rent.
2007-02-21 02:58:38 · answer #8 · answered by Sunidaze 7 · 1⤊ 0⤋
You have to have a job that pays regularly. If not, your parents have to be paying you monthly or you have enough money that pays you interest/dividends to cover rent monthly, etc. All they need to see is your ability and willingness to pay monthly. If you show you have $1M in the bank, I'm sure that will be just fine, too.
2007-02-21 03:01:03 · answer #9 · answered by spot 5 · 1⤊ 0⤋