Renters or Roommates with Bad Credit, What To Do? Part 1 of 2

January 20th, 2011

Given our current economically crisis, there are many still struggling with financial hardship, credit issues, and rising unemployment. There may be situations where the private landlord or property manager doesn’t have the luxury of finding the best suitable renters or roommates to fill their vacancy property in your area. What to do when you, as the potential tenant, have bad credit?

Here are some helpful tips.

As a renter or a budding roommate:

  • 1. Be Honest.
  • Don’t come up with excuses and sob stories of how your dog ate your rent check. Just be straight! Tell your landlord or property manager that you’re facing financial difficulties, about bankruptcies, and poor credit history. Plus, there are no surprises when they run your credit background check and shows you were truthful in sharing something personal. Also, they may be receptive to your dilemma and may offer you a short-term leasing rate or a discounted rate until you get back on your feet.
  • 2. Offer your professional services.
  • If you are a handy person, offer your profession for rental credit. Landlords and property managers are home owners too, and at the end of the day, they are looking for someone like you. They may also have more than one properties. Give them your services with work around the house or other properties, such as lawn care, house cleaning (or maid service), baby-sitting, pet-sitting, etc…Your skills are extremely valuable, so put it to good use.
  • 3. Show Recommendations or Referrals.
  • A word of mouth advertisement by a reputable person goes a long way. List 2-5 people who can vouch for you. Landlords like to hear from sources that you were a great renter. It is sound to know if several people fully disclose your personal history with the new property owner, and if their stories are consistent, it is a great bet that you’ll find a new wonderful place to live in no time.

In Part 2, What to do as the private landlord or property owner?

Give us your take, and tell us what you think?

Roomplug.com

Merry Christmas and Happy Holidays!

December 25th, 2010

We at Roomplug are bless to all our members who subscribed since our beta launch on December 6th. We promise to continue to update and improve our service to give our members the best roommate matching service in the universe! We think BIG!

If you have rooms for rent, plug them here on Roomplug. We promise to provide quality roommates and give owners, real estate agents, landlords, or property management the best tools to make a sound decision to rent out your rooms. What you could expect the next coming year for 2011 in regarding our service?

1. A streamline way to collect rent between owners and roommates/tenants.
2. Many more qualified roommates or members to join our service.
3. Property management analysis tools.
4. Roommates who join our service may perform background credit checks on themselves.

With these goals projected for next year, we strive to bring you the best! All this to provide the best roommate/tenant matching service and provide affordable rental listings to property owners.

Again, we thank all our current members and appreciate you for using our services.

We wish you the Happiest of Holidays and a Very Merry Christmas!

Have a spare room? Rent it and make extra money!

December 16th, 2010

This past weekend, I was invited to some friends Christmas holiday birthday party. Many times when I go out or to social parties, I don’t really divulge myself. I always wanted to be low-key and only extend myself to my closest friends. Along the way, I met a young gentleman. I made small talks and asked, “What you do for a living?” His replied was, “I’m a engineer.” I was like great! I’m also a software guy myself, however, I didn’t share this with him until later in our conversation.

After, I got to know him a little, I believed he made a modest living being a developer. He said he coded for a mortgage company. I was liking him. Until, I questioned, “Since you write codes for this mortgage company, you must own a house?” In which he did, a nice 3 bedroom with 2 baths. He stated, “I keep those other 2 rooms as storage.”

Given he was at a social friendly event, and I enjoy the company of others, I told him, “You should clear out those 2 rooms, and rent them out and make some extra money.” He frankly answered, “Well, I don’t like people.” I quickly snapped, “Then what are you doing at this party?”

I could tell a lot of times there are many socially awkward engineers who just sit behind a box and write codes all day like zombies, so when they actually interact with people, they kinda lose touch with reality. Also including myself, I would tell my friends I’ve been lock up as a cave man stuck behind a box staring at codes for days, so it’s extremely nice to see people and civilization. I could tell this guy was the opposite of me. Anyhow, I told him I was an engineer and operate Roomplug.com, my attempts were to school him to invest in his house and rent out those 2 spare rooms. Again, he stuck on what he said earlier, “I don’t like people, and if I need to see them, I’ll just drive to a party.”

What a NERD!

Although he was firm in his decision, I later understand his position. Sometimes, it’s a hassle to rent out the room. It could be with the wrong person, again it comes down to selection and screening. My beliefs are, if you could rent your rooms, find the perfect roommate to help pay with your mortgage/rent, and make a little extra income each month, what would you choose? Rooms fill with empty boxes, or rooms with warm friendly people?

From my experiences dealing with roommates, I love receiving extra income every month to assist in paying my mortgage. Not only that, my roommates are blessings. I have a roommate who does my lawn, fixed issues around the house, and prepare meals for the guys. He’s one of those super roommate.

Well, if you have a spare room, and would like to receive extra income every month, then rent it! Imagine, that extra money could go towards and finding a roommate who not only become a renter, but a friend.

Rodney
CEO & Founder.

From Inception to Beta Launch!

December 6th, 2010

Around the fall of 2007, I could remember sitting in my cubicle at my Defense job in San Diego, where I frighted the daily commute from Riverside County. Knowing at the time, I want to do more then just be another programmer.  So, I operated 3 rental properties part-time helping my family managed tenants and roommates while holding a position as a software engineer.  As my lovely first tenant of 2 years deciding to part ways with the lease and relocating for a better job opportunity in Oceanside, CA, I was stuck in a binding situation.  Either put the house up for sell during a declining market, or rent out those rooms as units.  I realized there was still an opportunity to invest in a declining Real Estate market. However, the answer was far fetch as to how?

As I sat in my cubicle tackling complex situations as a train Blackbelt Ninja Assassin in development assignments, I couldn’t resolve this riddle as an young amateur in Real Estate investing.  Scratching my head and asking myself, “Where am I going to find a place to plug all my rooms?”  Then, the light bulb hit me.  Soon after, I went to purchase the name and organize a meeting to tell my closest friends how excited I was to program this venture and if they would join me.  At the extensive meeting later that evening, I could tell they had more doubts with questions and concerns than I had anticipated.  But, I felt strong and committed to an idea as if given birth to a child, I must nurture it and feed my baby.  Even if I must do it alone like a single parent.

During that time, I attempted to code this project single-handedly, and gosh question myself, “What did I get myself involve with?” So, a year ago after receiving a modest investment from my mom, I said I’m going to outsource this project to India in hope I afford a team for help, and I’ll be the lead programmer since my friends were busy keeping their jobs.  As soon I made my initial deposit, they took off  running with the entire coding development.  I was like SWEET! Me not touching codes and being a project manager.  I could do this.

Originally, they promised me they be done in one month.  Then, came two, then three.  Okay, I was starting to be concern, or maybe it was too much for them to handle because of my constant demands.  After 5 months, they completed the job and happy to release the finish product in February.  I was oozing with joy like the fat young kid inside of me unwrapping my 1st big mac.  Until, I saw the codes.

Horrified as if I came from watching a Saw movie, what was this? A nightmare, they butchered it!  No organizational programming structure, all procedural top-down design.  This was 2nd grade material.  Sad :(   I didn’t have the courage to face my mom and tell her how foolish I wasted her money she invested in me with this idea.  This was my child.  Love it or Hate it, I must man up and face it.

Since February of this year, I labored and nurtured, endlessly and sleeplessly.  Fixing all the codes and gutting everything out.   I ran into problems and couldn’t figure this tempered tantrum kid out. There were times, I just wanted to quit and run away.  Beginning of May, my good friends Linda and Markus took me away on a much needed camping trip to Yosemite National Park.  Originally, I didn’t want to go because camping wasn’t really my thing for a city boy.  They were kind and generous enough to pack everything and all I did was show up.

Our 2nd day there, Markus said we were going on a hiking trip up Yosemite Falls.  Geared with his son by his side, I knew this hiking trip couldn’t be that bad.  Then we walked, climb, and tirelessly dragged ourselves up those steps. Looking up this mountain as if it tag-team up with the Blazing Sun to serve me with an ass whopping for neglecting my kid back home.  Constantly berating me to get off, you can’t make it up!  In my head, I didn’t want to let the family down and checking back on them.  It was an agonizing 4 hour hike to the top, then Markus mentioned, “Hey bro, I forgot to tell you this hike were for avid hikers and advanced people.”  I wanted to drop kick him over that ledge for the abuse and torture, but appreciated and wanted to hug him at the same time for pushing me along the way.  For that, I thank him and Linda for making that trip happen.  I love you guys for that.

I arrived home with an new found appreciation after conquering that mountain.   And, the journey began.  Coding. Writing.  Everyday, one line at a time.  Pushing myself.  Keeping faith. Loving this child. It loves me back. It speaks, it listens, it understands my instructions.

Along the way, I had help and would like to thank John O for initially getting my server set up.  Randy for your early enthusiasm and energy, if only you had a technical background, Markus for the policies, Nguyen “The Jet Li” for giving input on user testing, and Amit for your insights on the design and User Interface.  Last, but certainly the mostest, my mom for being patience, being the biggest supporter, and for giving me your old school business sense.  You are sensei, my inspiration, and motivation for all this, minus all the grief and Nail Shop drama you must endured,  I continue to love you always and I’m proud to tell you, “I got a Beta!”

As the trip continues, and whoever join this site to follow the adventure, I hope to share my knowledge and experiences dealing with tenants, roommates, being foreclose on, evicting someone, being evicted, in attempt to run this start-up company, sort out the housing crisis, and get out of this Recession.

With love, and a hint of crazy,

Rodney
CEO & Founder