How do you separate the two...
So.. my fiance owns a few rental houses, all of which are empty right now. My mom is moving into one of them next month, one is not ready to rent, another might be rented again by some previous renters, and this last one we're taking applications on.
Here's my situation. And I truly am struggling with it. I'm a fairly religious person. I put my faith (and everything else) on God's shoulders and let him guide the way... and it's worked so far with some bumps along the way.
We had to evict the family in this house because they hadn't paid rent since December. We finally got a chance to go into the house the other day to change locks and take pictures. It was such a mess. I knew they had cats but didn't take allergy medicine so I'm still sick. Cat litter all over the carpet (even though there are rooms with hardwood floors). Cat feces.. cat vomit. Holes punched in the walls, almost every door has been kicked it to the extent that it moved the wood frame from the wall..door to the attic has been destroyed. I don't know how many times I emptied that vacuum.
Some people just don't care, and as my fiance's property manager I have to deal with that. But moving forward how do I deal with this? I know what its like to struggle when you're starting out... but I can't go through this again. 4 rentals with no income is a HUGE loss.
Sorry this is so long. I guess as bluntly as I can put this... here it is. I will not rent out that house to anyone who makes less than 3 times the rent.So far the only applicants we've had are people who want to make payments on the deposits because they can't afford it. Husband works, or the wife works, or the mom is single with 3 kids..
I want to be a good Samaritan here but we have bills too. How do I stop feeling guilty that I won't rent to these families?
And honestly, it would be a red flag to me if someone were moving and hadn't put aside deposit money. It's a given when you move in somewhere that you MUST pay a deposit any pretty much no one will let you make payments.