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Thread: Renting to young families

  1. #1
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    Default Renting to young families

    This has come up more often for me and I'm having a hard time figuring out the pros and cons of this scenario. I don't think the building is 18+ but frankly I can't recall seeing young kids at all.

    Biggest cons are noise of crying babies, running around and damage to the carpet/laminate.

    Biggest pros are that they're unlikely to move for a few years.

    My partner raised an interesting point, such that, if we lived there and had kids, no one is going to kick us out over a crying child.

    I hate to turn down a struggling young family since I certainly fit the demographic when I was a kid and really sympathize. But I also have to think about my property and what comes along with that.

    In a condo building, what say you?
    Ultracrepidarian

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    Quote Originally Posted by msommers View Post
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    This has come up more often for me and I'm having a hard time figuring out the pros and cons of this scenario. I don't think the building is 18+ but frankly I can't recall seeing young kids at all.

    Biggest cons are noise of crying babies, running around and damage to the carpet/laminate.

    Biggest pros are that they're unlikely to move for a few years.

    My partner raised an interesting point, such that, if we lived there and had kids, no one is going to kick us out over a crying child.

    I hate to turn down a struggling young family since I certainly fit the demographic when I was a kid and really sympathize. But I also have to think about my property and what comes along with that.

    In a condo building, what say you?
    Damage deposits are for damages. If there's no bylaws stating otherwise, their money paying the mortgage is a lot better than yours. Unless of course the rental market there is such that you can afford to be choosy on Tenants.
    Originally posted by SJW
    Once again another useless post by JRSCOOLDUDE.
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    Quote Originally Posted by msommers View Post
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    This has come up more often for me and I'm having a hard time figuring out the pros and cons of this scenario. I don't think the building is 18+ but frankly I can't recall seeing young kids at all.

    Biggest cons are noise of crying babies, running around and damage to the carpet/laminate.

    Biggest pros are that they're unlikely to move for a few years.

    My partner raised an interesting point, such that, if we lived there and had kids, no one is going to kick us out over a crying child.

    I hate to turn down a struggling young family since I certainly fit the demographic when I was a kid and really sympathize. But I also have to think about my property and what comes along with that.

    In a condo building, what say you?
    If you hate turning down a young family wait until they don't pay rent and you have to kick them out.

    I couldn't do it, so I wouldn't rent to them

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    Hard to gauge. I've had a lot of showings but only one application. Seems lots of people are "just looking". I can't believe the amount of follow ups I've done where people say they decided not to move, can't actually afford it or have a surprise pet.
    Ultracrepidarian

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    How nice is your unit? Brand new fancy downtown condo? Older but well kept? Or just average condition?

    How much do you care? Sounds it used to be your home, so do you have special attachment to it? was it new and perfect? did you do upgrades yourself and feel attached?

    Younger kids will ding up your walls, baseboards, cabinets more than adults generally. Chances of spills/accidents on carpets will be higher.

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    Bank on new carpets and some wall repair. Do they have references? There's no motivation like kids to keep a job and the risk of noise complaints I'm guessing is lower than young, single people.

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    ....
    Last edited by Sugarphreak; 08-18-2019 at 04:02 PM.

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    You worry about you. Don't do it cuz you feels bad. That never goes well. My experiences. Good luck.
    Originally posted by rage2
    Shit, there's only 49 users here, I doubt we'll even break 100
    I am user #49

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    You should have bought a condo with concrete walls. You really dropped the ball on that one Matt.

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    Have had experiences with this and not once has it gone well. In my experiences, they have never taken care of the house. Ie: every time we went for inspection of some sort, the place was disgusting(all 3 times, 3 different young families).

    Never again to anyone under 30 without serious references and a job longer than a year.

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    Don't ever take on 'struggling' clients as an act of charity or thinking you're doing something nice. They've already demonstrated that they are financially irresponsible. My family has 2 rental properties and every time they try to be nice they get burned for thousands of dollars that never come back, even after court rulings. Every. Single. Time. It only gets worse, they take advantage of you, and you have zero recourse when they don't pay. They are very hard to remove if they don't cooperate, and if you piss them off they damage your property. They get a judgement against them in court and that's that - nothing ever comes of it and you never see a dime. All these people had good references and were the result of a long interview process before agreeing to let them rent.

    I have another friend right now who has a tenant refusing to leave his house, and started a grow-OP in his shed. It started off somewhat amicable and then she started asking for rent extensions, "money is coming next month", etc. The renter changed all the locks on him and had security cameras installed (drilled into the house) without asking him. Police won't do anything, she isn't paying him, and it's extremely difficult to get her kicked out forcibly because you need to go through a long process to get a court order. The tenant has basically barricaded themselves inside the house doing god knows what and he can't do a thing about it until a court order is made. It's an absolute nightmare that he is dealing with.

    Also, every person I know with kids has a house that is now a disaster zone, so expect to have to repair or replace walls/carpet/floors/paint at a minimum when they move out, which is going to cost a lot more than the damage deposit. If you have stainless steel appliances, expect dents. Now add to that the fact that they don't care about your property at all because it's a rental, they will have the opinion that "normal wear & tear" applies to anything their kids do, and they know they will never be on the hook for more than their damage deposit. I'd rent to someone with pets long before I would rent to a family with kids. Also keep in mind any fines for noise levied against them in your condo go directly to you, and then it's up to you to get the money back from them which is likely impossible. If they leave a window open in the winter and flood the place, that's your problem too (it was in my building anyway).

    Don't do it.
    Last edited by Mitsu3000gt; 03-13-2019 at 02:31 PM.

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    I agree dont rent to someone if you feel like your doing them any favors. Your not a charity. There are no shortage of places for people to rent if their actually struggling. They dont need to pick your rental out of all that are available if their struggling financially.

    I rented one of my places to a young family. They stayed for 3 + years before moving when they decided to buy a place. Never had a complaint from the neighbors or condo board. The kid was was maybe 2 or 3 when they first moved In so at an age where kids make way more noise.

    I went and talked with the neighbors to reach out to my directly if there were ever any issues but no one ever did. They kept the place in immaculate condition.

    I was definitely hesitant to rent to a young family as I said I never would but i wouldnt be now. If your second guessing anything about the renter then move on to the next one.

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    We have an up and down suite and we rented to 2 different young families before.. never again.

    Family 1 werefrom Sask with a young kid (<2 yo). Blue collar and recently got transferred to Calgary and needed a place for the family. 1 month later upstairs started complaining about non-stop fighting and shouting at 3am. Neighrbour called the cops of them 2 more times in the following 2 months. One night the cops were called in again for domestic violence and the mom was placed in a women's shelter. They finally agreed to move out, and when we went to check out the place the wall had a fist size hole and blood all over. Everything else was in rough shape.

    Family 2 showed up with 2 younger kids, maybe 4-6 yos. They wanted to rent our place because it's 5 mins from the kids' school. Apparently last rental there were serious mold issues and landlord refused to address, so they were worried about living conditions for the kids. Fair enough. 1 month later downstairs started complaining about fighting and shouting throughout the nights, and alot of noises 24/7. Turns out they have 4 kids, with 1 being autistic, and 1 more on the way. They also started falling behind on both rents and utilities. They finally agreed to move out, which involved packing up everything in an U-haul and disappearing in the middle of the night. We showed up with severe damaged to walls, mold all over washroom ceilings, damaged appliances, and a TON of trash, including dresser, TV stand, bed frames, 3 nasty mattresses, including 1 kid mattresses that is completely soiled. Half of those were dumped just on the front lawn too...

    So.. we are never renting to young families ever again. Rather it be vacant.

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    Quote Originally Posted by msommers View Post
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    Hard to gauge. I've had a lot of showings but only one application. Seems lots of people are "just looking". I can't believe the amount of follow ups I've done where people say they decided not to move, can't actually afford it or have a surprise pet.
    I hate having to show places. The stories we can share can take up an entire thread on their own. I had a lady show up in a cab 15 min late one time trying to explain to me that her car was in the shop. She went on to say she spent $3k on cabs this month. She had zero filter and was dressed like a hoe trying to pay me cash for a deposit on the spot.

    Her job on the application was house cleaner but I'm quite sure she was an escort. Who else other then a drug dealer would spend so much on a cab?? And if you see someone saying shes a house cleaner she most likely has some side job earning her $$ under the table...

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    Quote Originally Posted by blitz View Post
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    You should have bought a condo with concrete walls. You really dropped the ball on that one Matt.
    Was going to ask if the wall is concrete..... because I have fished soiled diaper out of hole in drywall once.

    If the place is run down already go for it. New flooring and wall repair is basically mandatory if family has kids under 10. May be a door or 2. The damage deposit won't cover it. Guaranteed. Especially if they pull the why don't you take damage deposit as last month rent stunt.

    That's why I always charge 10% less than market so I get more applications to pick from.

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    ^^ Blitz is saying (knife twisting) because we've chatted before about the giant clusterfuck that was involved when I bought the condo some 5 years ago -- it isn't concrete btw. Coles notes: I bought something advertised as such and turns out, it wasn't. Still a thorn in my side to this day and will be happy to sell when it's not a 60K loss.

    Anywho, I appreciate everyone's comments and it's helped me get a better picture on this. I really was having a hard time leaning in one direction but now I'm likely not going to bother.

    There certainly is allure to having a longer-term tenant. Over the last ~3 years of renting, everyone has left because they bought, moved cities, wanted a house or mostly recently two younger girls had a quibble and the remaining one couldn't afford to stay. Finding new tenants is irrationally stressful and I can't believe how many tirekickers I've had. Normally I'd get 3 applications right away and they're all good, lease signed right away, bam, done. Now I get one if I'm lucky and the girl decides at 11pm that meeting to sign a lease the next day isn't "a good idea."

    Feeling a bit desperate though I suppose I don't need to be. I just don't like the idea of it being vacant but if it avoids damages greater than a vacant spot for a month, I suppose that makes sense. But hindsight and all that.

    Another thing is that during my time renting, my Mom was helping me show the place when I was living in Edmonton. Maybe it's my own confidence, but part of me wonders if viewers don't take it seriously because I'm their age or younger.
    Last edited by msommers; 03-13-2019 at 03:16 PM.
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    Like others have said this is a business transaction, no charity cases allowed. And if you go charity case then queue up the post in 6 months asking how to get rid of a non-paying tenant who wont leave.

    I had good experience renting to a family with a young child. But they were not a charity case. I had to touch up some walls but damage was very minimal.

    I had the worst success renting to a mid-20 year old single female who argued with the neighbor, she was fucking crazy. Kick myself for renting to her and not picking up on the crazy.

    - - - Updated - - -

    Quote Originally Posted by msommers View Post
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    Another thing is that during my time renting, my Mom was helping me show the place when I was living in Edmonton. Maybe it's my own confidence, but part of me wonders if viewers don't take it seriously because I'm their age or younger.
    Do not get desperate and settle for some punk renter! So many ragrets!

    Drop the rent $100-$200/month lower then comparable rentals and get your pick of the best possible renters. Fucking hell, having a shitty renter is literally the worst experience ever.

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    Where is the place you're renting out? Downtown rental market is pretty good right now. Could just be timing given we're still in winter and there's not a lot of moves.

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    17th Ave and Crowfoot Tr, approx.
    Ultracrepidarian

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    Treat it like a biz. Stay strong. No charity.

    Airbnb an option?
    Originally posted by rage2
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