So I pull into my driveway yesterday and my landlord greets me. After some small chitchat about my new company vehicle, he gets down to business.
I’ll share a small sample of conversation that followed:
(Forgive the grammatical errors; I am attempting to quote his poor English exactly)
LL: So tomorrow is 1st of the month and leaves you 60 days til the end of your lease, so we need to talk about getting paperwork completed for next lease.
ME: Yeah, we need to talk about that. We can’t sign another lease this year because we are getting serious about buying a house and cannot commit to another 12 months of a lease. We hope to find a home by the end of our lease.
LL: Oh….really? I didn’t know you were still looking to buy a house?
ME: Well, yeah remember we were looking last year but the timing wasn’t right with the baby and Kristin going back to work at the end of the lease, so we committed to another year’s lease after asking you for tenant at will?
LL: Yes, I know but I didn’t realize you were still looking now. I thought you would stay here.
ME: Of course we are still looking, we need to purchase a home, start building equity and living the American Dream! If you can extend the lease on a month-to-month basis, we could give you at least 60 days notice before we moved out.
LL: No, I cannot do that. Too difficult to rent apartment from September to December, I have to get rented in summer months.
ME: I totally understand, so that is why I am telling you that we will not be renewing the lease, unless you can give us tenant at will.
LL: So are you working with a real estate agent?
ME: Yes, he is a very good friend or ours.
LL: What about mortgage, you working with specialist?
ME: Yes, my best friend’s stepmother is a big wig at a Mortgage Company; we are using one of her people.
LL: So have you found a place to buy yet? Because when I bought my first house it took me nearly 6 months from the day I put the bid in until I moved in. It takes very long time you know.
ME: No offense, but you are the only person I have ever heard of that had that experience. The majority of places we look at are vacant and ready for a quick closing.
LL: Oh, I wish I would have known you were looking, I could be helping you by driving around and looking for houses for you.
ME: Thanks but we have plenty of help and spend 2-3 hours a day dissecting the MLS for houses. We feel bad and have loved living here, love the location the space is great, we just need to move on and buy our own home and build equity ya know?
LL: Yeah but you’re not really building equity in anything for many years.
ME: Yes, that is the idea. It’s a slow process but at least the monthly money goes into your equity and not just to rent. Plus, we get screwed every year on taxes cuz we don’t own a home.
LL: Yeah but that money you get back in taxes, it’s not like it’s free money; that is money that you have spent.
ME: Well, whatever I’d still rather get a check for $5000 in April than have to pay $2000.
LL: Geez, I wish I knew you weren’t staying I wouldn’t have sunk all that money into the new room.
ME: Well, you knew all along we only use that for storage anyway. And now you can market the apartment as a 3 bedroom!
LL: Yeah but most people only look for 2 bedrooms. Usually 2 friends or a young couple like you guys.
ME: Well, it’s still a nice addition and can be used as an office or something.
LL: Okay, well talk to Kristin and IF you decide not to renew the lease, can you put it in writing for me?
ME: No problem, and I’m pretty much telling you we are not renewing the lease, but I’ll type it up tonight and give it to you with the rent check tomorrow. I am sorry man, we’ve been dreading this day. But we gotta do what we gotta do.
LL: I know, I just wish I knew earlier.
And cut….this conversation literally went on for an hour. He was all over the place. Back and forth. One minute he was saying building equity is a bad thing the next minute he is contemplating buying another house because I told him what kind of mortgage packages I was being offered. It was amazing. I really wish I could have recorded the entire thing. I hope I captured some of the whacko-ness for your reading pleasure.
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