{"id":7472,"date":"2009-03-13T11:31:41","date_gmt":"2009-03-13T18:31:41","guid":{"rendered":"http:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/?p=7472"},"modified":"2009-03-13T11:38:13","modified_gmt":"2009-03-13T18:38:13","slug":"show-me-yours-then-ill-show-you-mine","status":"publish","type":"post","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7472\/show-me-yours-then-ill-show-you-mine\/","title":{"rendered":"Show Me Yours – Then I’ll Show You Mine"},"content":{"rendered":"

Looking At Rental Properties With A Whole Different Perspective<\/strong><\/p>\n

The more things change… well, the more they change.<\/p>\n

In the past, when you represented a tenant in the lease of a property, it was understood that the tenant would provide authorization for the landlord to perform a credit check, if desired. This authorization, however, was a one-way street.<\/p>\n

That was then… and this is now.<\/p>\n

In the current real estate climate we find ourselves in – it would behoove you to inquire as to the financial stability of the landlord before allowing your client to sign a lease. It is becoming a more frequent occurrence to hear about another instance of a landlord losing a property to foreclosure during a lease.<\/p>\n

While requesting the credit report of a potential landlord is an uncommon occurence – perhaps it should be as normal as the landlord requesting the credit report of the prospective tenant. After all – if the landlord defaults and loses the property to foreclosure, it will be the tenant who suffers.<\/p>\n

If the landlord refuses to provide authorization to pull their credit file – perhaps they are hiding the fact that they have not been paying their mortgage… as is the case in many short sale situations I have seen. Yes, it happens. In the past two weeks, I have spoken with two<\/span><\/em> three <\/em>landlords who are defaulting with tenants in place.<\/p>\n

Whether or not you insist on the landlord providing a credit report – you should make your client aware of the repercussions of a default on the part of the landlord according to the laws in your state.<\/p>\n","protected":false},"excerpt":{"rendered":"

Looking At Rental Properties With A Whole Different Perspective The more things change… well, the more they change. In the past, when you represented a tenant in the lease of a property, it was understood that the tenant would provide authorization for the landlord to perform a credit check, if desired. This authorization, however, was […]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_crdt_document":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-7472","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"hentry","6":"category-real-estate","8":"no-featured-image"},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":7532,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/7532\/put-down-the-pipe-and-step-away-from-that-lease-agreement\/","url_meta":{"origin":7472,"position":0},"title":"Put Down The Pipe – And Step Away From That Lease Agreement","author":"Doug Quance","date":"March 20, 2009","format":false,"excerpt":"Yesterday's Unrealistic Sellers Are Today's Unrealistic Landlords Just when we thought we had finally convinced all potential sellers that the real estate market was in a crisis - and that realistic pricing was the only way that a sale could be consummated - we now must deal with the unrealistic\u2026","rel":"","context":"In "Real Estate"","block_context":{"text":"Real Estate","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/real-estate\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":465,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/465\/blogoff-post-88-rental-house-smart-opportunity-if-set-up-as-business\/","url_meta":{"origin":7472,"position":1},"title":"Blogoff Post #88: Rental house smart opportunity if set up as business . . .","author":"Greg Swann","date":"September 26, 2006","format":false,"excerpt":"This is one of my personal favorites from my Arizona Republic column:I'm helping a young friend buy his first home. I've known him since he was in high school. I admired his decision to defer college for an arduous tour of duty in Iraq. He's back in school now and\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":470,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/470\/blogoff-post-93-a-few-tips-on-avoiding-unexpected-fees-penalties-on-rental-homes\/","url_meta":{"origin":7472,"position":2},"title":"Blogoff Post #93: A few tips on avoiding unexpected fees, penalties on rental homes . . .","author":"Greg Swann","date":"September 26, 2006","format":false,"excerpt":"This is from my Arizona Republic column:With regard to my recent advice to a young landlord, a reader phoned to leave this sage counsel: Don't forget about the rental tax. The worst way to find out about unpaid taxes is by getting a bill for three years' worth of arrears.\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":224,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/224\/realty-reality-my-friend-andy-is-a-student-a-landlord-and-an-american-hero\/","url_meta":{"origin":7472,"position":3},"title":"Realty reality: My friend Andy is a student, a landlord — and an American hero . . .","author":"Greg Swann","date":"August 19, 2006","format":false,"excerpt":"I've known Andy since he was a teenager, and Cathy has known his mother, Sally, since before Andy was a gleam in anyone's eye. I've always liked him, and it's not always easy for me to like teenage boys. But Andy has been an earnest young man for as long\u2026","rel":"","context":"In "Marketing"","block_context":{"text":"Marketing","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/marketing\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":992,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/992\/beginners-landlord-tips\/","url_meta":{"origin":7472,"position":4},"title":"Beginners Landlord Tips","author":"Cooksquared","date":"February 5, 2007","format":false,"excerpt":"If you have been reading my posts, it may seem like I am all over the board. One day I am talking about mortgages, the next I am talking about agents, and today I am talking about landlords. The coherent theme behind all of these things is smart real estate\u2026","rel":"","context":"In "Blogging"","block_context":{"text":"Blogging","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/blogging\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":907,"url":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/907\/in-a-rent-vs-buy-bind-right-now\/","url_meta":{"origin":7472,"position":5},"title":"In a Rent vs Buy Bind Right Now","author":"Russell Shaw","date":"January 16, 2007","format":false,"excerpt":"Eric writes: Hi Greg! I am writing because I really enjoy your blog. I'm licensed, but haven't worked with realty in years due to being back in IT (which you also seem to have a passion for), so I enjoy hearing from the experts. I'm in a rent vs buy\u2026","rel":"","context":"In "Ask the Broker"","block_context":{"text":"Ask the Broker","link":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/category\/ask-the-broker\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/7472","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/comments?post=7472"}],"version-history":[{"count":5,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/7472\/revisions"}],"predecessor-version":[{"id":7477,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/posts\/7472\/revisions\/7477"}],"wp:attachment":[{"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/media?parent=7472"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/categories?post=7472"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bloodhoundrealty.com\/BloodhoundBlog\/wp-json\/wp\/v2\/tags?post=7472"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}