Mary Hamilton

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Rainmaker
3,322,398
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

As a landlord, extra money is not worth it to end up with a bad tenant. I woudl rather have good tenant, good credit paying a little less than risk a tenant who starts to pay more and then stops paying

Apr 24, 2017 07:20 AM
Rainmaker
808,847
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

So many seemingly bad ideas become the new way of life. Who knows, perhaps it will take off. I wouldn't want to choose my tenants this way, however.-Kasey

Apr 24, 2017 08:05 AM
Rainmaker
5,571,343
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

it sounds like a horror show waiting to happen!!

Apr 24, 2017 07:40 AM
Rainer
258,899
Mick Michaud
Distinctly Texas Lifestyle Properties, LLC Office:682/498-3107 - Granbury, TX
Your Texas Lifestyle is Here!

There's always someone coming up with new ways to adapt old ideas.  May not like it, but it is a good idea for owners.

Apr 24, 2017 07:56 AM
Ambassador
5,360,784
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Interesting idea.

Unfortunately due to all the scams in rentals these days we really need to ALWAYS have a person to person contact and showing in order to keep from sending rent and deposit money to a western union account somewhere in Africa.

Apr 24, 2017 07:29 AM
Rainmaker
1,716,654
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

The person with bad credit is already the last in line so paying more isn't really a good deal for the owner. I've just had someone try to do this.

Apr 24, 2017 08:53 AM
Ambassador
3,037,764
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I see many issues with this. I am with Scott Godzyk - however there are others who only see the $$$ ... when greed takes over  ... no one usually wins. 

Apr 24, 2017 08:08 AM
Rainmaker
4,161,791
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Everybody has an angle. Some are better than others. Some are pure scams!

Apr 24, 2017 07:58 AM
Ambassador
2,564,331
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

  Interesting!    Most of the properties offered are by Realtors.     

  Rentberry   

Apr 24, 2017 07:21 AM
Rainmaker
1,044,339
Dave Martin (703) 585-4687
Fairfax Realty - Fairfax, VA
Making Realty Dreams a Reality #WeWillGetYouHome

So many seemingly bad ideas become the new way of life. Who knows, perhaps it will take off.

Check out what Greg Hague is doing to #StopZillow

Mar 30, 2018 07:58 PM
Rainmaker
916,073
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

Unless the tenant passes my background check I don't care who they outbid for the rental - they're not getting in PERIOD!

Apr 25, 2017 02:38 PM
Rainmaker
1,635,842
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Once landlords navigate through the decerption, the result will be a tougher marketplace for all concerned

Apr 25, 2017 08:48 AM
Rainmaker
3,069,934
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Scott Godzyk nailed this one!

Apr 25, 2017 04:49 AM
Rainer
502,292
Noel Mayer
Upper Montclair Weichert Realtors - Montclair, NJ
YOU WILL BE RIGHT AT HOME WITH NOEL

I stopped by

Apr 25, 2017 03:42 AM
Ambassador
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Mary Hamilton - indeed a great idea, I'd say.

Apr 24, 2017 09:40 PM
Ambassador
4,203,009
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

I totally agree with Scott Godzyk on this...wholeheartedly!

Apr 24, 2017 08:45 PM
Rainmaker
3,985,837
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

People need to get away from the serpent and protect our profession

Apr 24, 2017 08:13 PM
Rainmaker
4,175,510
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I would not go this rout in picking a tenant. I'm with Barbara Todaro !!!

Apr 24, 2017 06:30 PM
Ambassador
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Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

If a tenant has poor credit it will take a whole lot more than $200 to make it better.

Apr 24, 2017 06:09 PM
Rainmaker
1,157,485
FN LN
Toronto, ON

We already have multiple offers in our area on leases and we don't need to go through a website.

Apr 24, 2017 04:08 PM
Rainmaker
1,514,605
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Well, we kind of have that but in a traditional way: every property receives multiple applications, but usually credit is the most important factor for approval. If someone has a low credit, going up in price alone will unlikely help, but providing a LL with larger downpayment and some other terms to make LL feel more safe would get a place. 

Apr 24, 2017 01:17 PM
Ambassador
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Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Not sure extra money would make a difference if they are going to be an isue with the monthly payment. Perhaps a full year in advance? 6 months? This may just be a way for a vendor to make money off of landlords, and with some risks.

Apr 24, 2017 10:51 AM
Rainmaker
1,380,923
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

As a landlord, I have to agree with Scott Godzyk and Kasey & John Boles.  This is not how I'd prefer to pick tenants.  Maybe pre-screen some and then let the ones I'd rent to (if more than one) get on this system and duke it out.

Apr 24, 2017 09:46 AM
Rainmaker
2,634,637
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Anything goes but for how long? Where? Why?  

Apr 24, 2017 09:31 AM
Rainmaker
882,857
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Let us leave the 'bad credit' concern where it belongs.

However, a rental auction is a great idea.

After all, agents love to engage multiple buyers in an undeclared war.

Auctions is the perfect example of free market forces.

However, there exists always the dark side that have undisclosed reserves and end up perverting a good thing.

Would you participate or be effected by a website that allows agents to BID on buyers or sellers?  Now that should be interesting.

Apr 24, 2017 09:30 AM
Rainmaker
1,457,027
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

Mary Hamilton Just like up bidding an offer on a house with multiple offers does not guarantee it will appraise. The same doesn't guarantee future rent payments and a good tenant.

Apr 24, 2017 09:19 AM
Rainmaker
1,149,309
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

The rental market here in SFBA has cooled down a lot. Most of them hesitate and even want a discount.

Before people bring all paper work and state they will offer more than asked. 

I passed eBay headquarter front last week. It seems to be slowing down with fewer employees. These internet companies are selling nickels and dimes. Business is taken away by other giants.  

Apr 24, 2017 08:48 AM
Rainmaker
4,433,583
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Thanks for sharing.

Apr 24, 2017 08:27 AM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

It if works and makes money it stays, if not it won't.

Apr 24, 2017 08:23 AM
Rainmaker
5,530,406
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Mary,

I agree with Scott Godzyk 

Apr 24, 2017 08:15 AM
Rainmaker
4,059,138
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

I do nothing with rentals, so really have no opinion one way or another. At the end of the day, when there is demand for rentals, they will bid up the price without having an on-line auction.

Apr 24, 2017 08:14 AM
Rainmaker
1,715,678
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

From a management standpoint, that is a terrible way to choose a tenant.  

Apr 24, 2017 07:32 AM
Rainmaker
6,547,290
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Interesting.

Apr 24, 2017 07:25 AM