Re: Need advice - help - Landlord Forum thread

Re: Need advice - help by OK-LL on November 3, 2009 @14:46

Cindy, you should be saving a portion of your monthly income already, so you have money available for this type of thing, or a flat tire, or an emergency room visit. You've been there 14 months already and should have been putting money away all along, knowing you rent and will have to move one day.

In your next rental, get something that is no more than 30% of your income and put 10-15% in savings every month. The remaining 55% of your income should cover everything else -- utilities, car payments, insurance, gas, food. If it doesn't, you're living too high. Try not to get caught up in "buy it now and pay for it later". You'll never get ahead with that.

Good luck.

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Re: Need advice - help by OK-LL on November 3, 2009 @14:49	[ Reply ]
PS -- Why would the judge make the LL suffer by letting you stay in the rental a couple more months without paying? How morally bankrupt must you be to even entertain that idea? Would you put in 2 months with your employer without getting paid and think that's alright?

Re: Need advice - help by Gail K (Georgia) on November 3, 2009 @15:54

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Cindy...Did I miss what state this took place in?

Some states require more than a 30 day notice to terminate a month to month lease (Georgia is one of these; landlords must provide a 60 day notice). In addition, many states require that such notice be in writing.

However, no judge is going to grant you the ability to live rent free in a unit just so you can save up money for the next rental.

Gail