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Networking

May 27th, 2010 at 03:51 pm

The more and more I think about life... I begin to think success depends on who you know, not always what you know. As long as you have the aptitude, who you know makes a huge difference.

I've been calling around the new area for quite some time trying to find a rental that would be suitable for our family. No luck. When I mention I have pets, no luck.

But in my back pocket, I had contacted a realtor months ago. Knowing our full situation she contacted some of the property management companies in the area. She managed to get me a lead in to a house not on the market yet for rent, but the timing would be perfect.

3 bedroom with a den, area we wanted, seems perfect.

So I called the guy, told him we had pets, our situation, etc. Conversation was like a complete 180 from the ones I had done when I cold-called the property management companies myself without the lead in.

I sent an application in today. Dh and I looked at the GoogleMaps picture of the house, the builder's floorplan, and similar homes for sale online with the exact same floorplan. I'm not buying it, so I'm less picky. I've rented several times site-unseen and never had any problems because I thoroughly do my research beforehand.

I'm hoping we get approved. Our debt is my only concern but the military will give DH a housing allowance of $1638 and the rent at the new place is only $1200 which would cover utilities as well.

I did leave a note explaining the high credit card balances but also included documentation that we've never been late on any payments, our rental is occupied till 6/2011, both jobs are secure, and we have our current property listed for $2100/mo.

We'd also be willing to do an allotment with the landlord. Also included copies of our bank statements showing that aside from the debt we do have $10K in savings for emergencies.

So hopefully all works out. I really can't afford to take much time off to house hunt & 3 bedrooms with a den or a 4 bedroom that accept pets are hard to come by. Probably why I really want this place, I know that our only other option would really be to get a 3 bedroom and be squished.

On the other side of things. I ended up signing with our current property manager after all. I told her I wasn't agreeable to the vacancy fee because it felt like a conflict of interest, she also waived the renewal fee. So the only fees I'm responsible for are similar to what I already have with our other rental but a $50/yr admin fee. I'm fine with that.

The other guy was supposed to come over today but I called him & let him know that I ended up signing with our original agent since we were able to come to an agreement. Painless... everyone understood... all was great.

I still wonder why situations like this cause me anxiety sometimes? I probably care too much what people think.

Anyhow, cause for the rush was Memorial Day weekend. My property manager has several clients flying in from out of town that she'd like to show the property to & this is a big weekend for finding tenants.

Now just need to find the right tenant.

4 Responses to “Networking”

  1. creditcardfree Says:

    Good luck with tenants and finding the right 'new' place for your family!

  2. Looking Forward Says:

    Why are you so worried about not getting the house?
    I would have thought you'd be a shoo-in for any rental given your DH is military and your rent is "paid for".

    How is your kitty doing?

  3. ambitioussaver Says:

    LookingForward, our debt to income ratio is REALLY high especially since the rentals are operating on a loss (but its either that or a short sale). So I guess thats the primary reason I worry about not getting the house and the property management company has on their rental criteria that "Debt to income ratio higher than 28% may be grounds for denial"

    Kitty is doing great, thanks for asking. Looks like everything has resolved which is wonderful... although ironic because he just happened to get better the day DH came home from his trip. Murphy's law Wink

  4. MonkeyMama Says:

    Of course! Glad kitty is better.

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