They Paid a Year in Advance: $28,000

Moneypile

They never moved in. Sometimes you just do things because money talks. This gent and his wife admittedly seemed a little strange from the beginning. They both talked a lot. They constantly talked about their wealthy family and two properties they owned in a prestigious area of Dallas. I checked the tax records and sure enough, they did own the two properties. The problem I had was that neither declared a job or income.

They showed me a bank statement with tens of thousands of dollars in deposit. They said they had more money if I wanted to see. I was leery. I had suspicions. Just because they had money didn’t mean that they would give some of it to me each and every month. Something was wrong, but I couldn’t put my finger on what it was.

When I checked their credit, I could then see clearly. They didn’t pay their bills and they had tax liens showing. No wonder they had money in reserve, I thought to myself.

Presenting my answer on whether I’d rent to them or not sounded something like “NO”! They persisted and my final offer sounded something like this. “I will rent the house to you with you paying a double deposit and 12 months of rent in advance, nothing less.” The total they paid for move-in was $28,000 in certified funds.

Soon we got a call from the HOA that the yard had not been mowed. A fine was pending. We called the tenants’ phone numbers and left messages. We sent a letters and an email, all with no response. I then personally drove to the property and knocked on the door. The door knock sounded hollow like the house was empty. It sounded like that because the house was empty.

After knocking and ringing the door bell several times, I used my key to gain entry and found a lone lawn chair sitting in the middle of the living room facing the fire place. I was shocked to say the least.

We began searching for the missing tenants. No one knew what happened to them. We called the emergency numbers and could never find an answer or get a return to our calls. We were stumped.

After a month, all of us but my wife had given up the search. She finally found the man in public records. He was being held in jail for a DUI. His initial background check showed that he’d had more than one of those. I guess this one took longer to get out of and money couldn’t buy him out.

Finally, about 1 month before the end of the lease I got a call from the man saying he wanted to settle up on his lease. It was easy enough to do. Since he and his wife never move into the house, there was very little make-ready. We had the house leased in a short time and returned the tenant’s security deposit. This lease was the strangest lease I have ever signed to date.

Until next time,

Cary

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