Question about how clients should handle a leasing situation
[deleted]
[{"id": "iachitp", "text": "i'd pass unless you want LLs to hate you.  then again, you can pitch the deal to a LL you hate :)\n\nas an AM, at a minimum, i'd want both on the lease and a guarantee from the financial backer (better yet, a pretty hefty security deposit or LOC that burns off).\n\na business agreement between the two is expected but wouldn't hold my breath, but most likely the guy is probably her sugar daddy or mistress.  i'd a bad mark from 2014 would have rolled off by now.  if she hasn't been able to get her credit back up to a decent level by now, that's another bad sign.\n\nas for her credit, it gives more reason for LLs to request hefty security deposit/guarantee or decline the deal.", "replies": [{"id": "iafcs6n", "text": "Well I worked with someone else who was kind of in the same boat as far as credit history BUT they had their current financials in good order. \n\nThe LL was skeptical at first too but we just had to be a little more creative in negotiations like you mentioned and thankfully it worked out. I\u2019m hoping for the same here lol. Thank you", "replies": [], "depth": 2}], "depth": 1}, {"id": "iachnlr", "text": "Client or clients entity would sign the lease with financial partner signing a personal guaranty.   \n\nOf course your client and their partner should have an agreement if they are in business together, but that\u2019s between them.", "replies": [{"id": "iafbvvm", "text": "Okay makes sense. I just need to talk to the partner as well then and explain that option. Thank you.", "replies": [], "depth": 2}], "depth": 1}, {"id": "iad1a79", "text": "Is the an llc? If she is not showing her own or that of the company\u2019s financials I would be skeptical. So many scammers. Be careful. It\u2019s easy to put tenants in be hard to get them out, with minimal damage.", "replies": [{"id": "iafbnqm", "text": "Yes it\u2019s an LLC. Been in business since 2020 she said. She was working out of her home and needs to expand.", "replies": [{"id": "iagklkk", "text": "Increase your due diligence.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "iagj0vn", "text": "*\"So essentially she would be the face of the business and the one in the space, while he would just be the wallet.\"*\n\n(This guy found my ex).", "replies": [], "depth": 1}, {"id": "iagj549", "text": "*\"(she broke her lease with that landlord).\"*\n\nNext!", "replies": [], "depth": 1}]