Reply to Can't rent because of a charge-off...what can I do?

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Reply to "Can't rent because of a charge-off...what can I do?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]You cannot rent from a property management company or large building until the charge-off drops from your credit history.

But you can rent from homes that are rented directly by landlords.  Just avoid the larger buildings.  Look for local listings in condo communities.  There are many private landlords that do not use property management companies that will not have this criteria.[/quote]

I had the opposite experience. We were able to rent from two complexes in downtown Silver Spring with no issues while being rejected by private individuals. Both apartments were nicer than the homes and one was 250 sq feet bigger. The trade off was privacy, of course but it was worth it for 24/7 maintenance. (DH can fix most stuff, but some landlords are funny about tenants repairing big issues plus it’s out of pocket if you fix it yourself.)

A complex isn’t going to go under because one tenant doesn’t pay the rent. A private landlord might be relying on each month’s rent to pay the mortgage on the property. [/quote]

Or the landlord might not be paying the mortgage.   When we came back to our rented house after having our first child we had the bank at our door.  The house was going into foreclosure and we had to move out because the landlord hadn’t paid the mortgage in six months. [/quote]

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