Explaining an Eviction to a Future Landlord (Sample Letter)

If you’re a renter, then you’ve heard the term eviction — the process when a landlord removes a tenant from the rental property for failure to comply with the lease agreement. Evictions can happen for several reasons but the most common reasons a renter will be evicted are:

  • Failure to pay rent on time or repeated late payments
  • Disruption to other tenants
  • Illegal activity
  • Damage to the property

Neither the landlord nor the renter wants to see an eviction on a rental application or background checks. Landlords see evictions as a red flag because they indicate that a renter did not follow through with their end of the lease.

Landlords take a chance on their renters and want to make sure they rent properties to people who will pay on time, keep the apartment clean and in working condition and be a good neighbor. When an eviction appears on a rental application, it can make landlords wary and deter them from renting to people.

Renters do not want an eviction on their record because it makes it difficult to find a new place to live and get a landlord to trust that you’ll be a good candidate to whom to rent. Evictions are a red flag for both parties.

So, how do you go about renting after eviction? Well, one of the first steps to take is writing a sample letter explaining eviction. We’ll walk you through when and how to write a sample letter explaining eviction and include a template in case you find yourself in this situation.

When to write a letter explaining an eviction

If you’ve been evicted and are trying to rent after an eviction, then you should write a letter explaining your eviction to your future landlord. Regardless of the reason, a letter explaining an eviction can go a long way with a prospective property manager because it shows that you’re willing to put in extra effort to be honest about your past and show who you really are.

As you’re submitting a rental application for a new place, you can attach your letter to the rental application. That way, the landlord has all your information to begin with. Think of it this way — landlords see hundreds of rental applications where the tenant has filled in the basic required information. However, a hand-written (or typed) letter explaining your eviction can help tell your story and humanize your application in a way that checkboxes cannot.

man writing letter explaining an eviction

man writing letter explaining an eviction

How to write a letter explaining an eviction

So, how do you go about writing a letter explaining an eviction? While it can seem scary to explain your history in a short letter, it doesn’t need to be. These letters should be sincere, direct and honest. Remember, your goal with writing this letter is to appeal to the future landlord, show them you care, tell them about yourself and convince them that you’ll be a great renter whom they can trust. Here are some things to include in your letter:

1. State who you are

Briefly write about who you are and why you’re a good candidate to consider.

2. Talk about why you want to live in this apartment

Include concrete details about why this specific apartment complex appeals to you. When you share why this apartment complex interests you, it shows that you’ve done your research.

3. Be honest about your eviction

Evictions happen. You don’t want to lie about it or try to sugarcoat what happened. In this case, honesty is the best policy. You can tell your future landlord about the circumstances leading up to the eviction and what happened.

4. Explain your plan of action as a renter after an eviction

Landlords need to know that you’ll be a good bet so you’ll want to explain how you’ve changed and what your plan is to avoid the same scenario that happened before to cause the first eviction. Explain how you’ll do things differently to ensure that you’re worth taking a chance on.

5. Show them you care

Be sincere and show them that you care about earning their trust and being a good tenant. At the core, landlords just want to rent to people who will pay their rent on time, keep the apartment in mint condition and follow the terms of their lease.

Keep in mind that your rental application itself will include standard information like name, address, work history and income. While you can gloss over these things, use the letter to really show your landlord who you are beyond the paper application. This is your chance to stand out among other rental candidates who do not have an eviction on their record.

Sample letter explaining an eviction

Now that we’ve talked about renting after an eviction and the main benefits of writing a letter explaining eviction, here is a sample letter template to help you create your document. Simply download this letter and update everything in parentheses ( ) based on your situation.

Eviction letter template

(YOUR NAME)
(YOUR ADDRESS)
(CITY, STATE POSTAL CODE)

(DATE)

(LANDLORD OR MANAGEMENT NAME)
(LANDLORD OR MANAGEMENT ADDRESS)
(CITY, STATE POSTAL CODE)

Re: Prior Eviction on My Rental Record

Dear (LANDLORD OR MANAGEMENT NAME),

My name is (INSERT NAME) and I’m a prospective tenant hoping to rent at (INSERT APARTMENT NAME AND LOCATION). Upon receiving my application, you’ll notice that I’ve had a past eviction. I wanted to bring this to your attention immediately as I know that evictions are a red flag for landlords. My hope is that this letter will show you who I am and help you truly see me as the great tenant that I can be.

I was evicted because (INSERT REASON). While I can’t change what happened in the past, I am actively working and taking steps to ensure this doesn’t happen again. I have done (INSERT 2-3 THINGS YOU’VE DONE TO AVOID EVICTION AGAIN).

Because I’ve made these changes, I’m hoping that you’ll see me as a candidate that would be a good fit for your apartment complex. I’m eager to live in this apartment complex because (INSERT REASONS).

I am hard-working, responsible and committed to being the type of renter that you’re looking for. I’ll be an ideal tenant who will comply with my lease, pay rent on time and keep my apartment clean and cared for.

Please feel free to reach out to my references (ATTACH ANOTHER DOCUMENT WITH REFERENCES) for a character interview. You can also contact me directly if you need more information. I appreciate your time and consideration.

Sincerely,

(YOUR SIGNATURE)

(YOUR PRINTED NAME)

(YOUR EMAIL ADDRESS)

(YOUR PHONE NUMBER)

Additional tips for renting after an eviction

In addition to writing a letter explaining an eviction, you can do a few other things to improve your chances of renting after an eviction:

  • Improve your credit score
  • Get a co-signer
  • Find the right references
  • Pay rent upfront
  • Offer to take on additional responsibilities at the apartment property
  • Find a private owner
  • Rent from apartment complexes that do not require a background check

Whether you try one or all of these tips for renting after eviction, remember that people before you have had evictions and found new places to live. You’re not the first or last person to be evicted. These tips are intended to help you have a leg up on other prospective renters.

Settle down into a new home after eviction

Renting after an eviction is more difficult but it can be done. With sincere effort and diligent research, you can find a new place to live and have a fresh start. Eviction doesn’t need to be a red flag on your background forever. Use the tools and resources you have to explain your history, show the landlord who you are, find a new place to rent and settle into your new home.

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Source: apartmentguide.com

Employee Resignation Checklist: What to Do Before Quitting Your Job

If you’re ready to say goodbye to your 9-to-5, you’re not alone.

Millions of workers have quit their jobs in 2021, prompting the term “the Great Resignation.” Countless others are considering making that move. According to the Society for Human Resources Management, more than 40% of U.S. workers are actively seeking or plan to soon find new employment.

If you’re burned out or frustrated with things at your current job, it may be tempting to hastily call it quits without doing any prep work. But the more you plan out your exit, the better prepared you’ll be to handle the aftermath.

Besides, yelling “I quit” or simply walking out on the job will burn bridges and potentially could damage your pursuit for future employment.

10 Things to Do Before Quitting Your Job

This employee resignation checklist details 10 important steps to take before quitting your job.

1. Figure Out Your Next Step

Unless you’re financially independent and don’t need a job to afford your lifestyle, you’ll need a plan for earning money after you quit your job. It’s better to review your options before losing your current income stream.

Consider applying for jobs prior to putting in notice of your resignation. You might avoid having a lapse in income if you can start working in your new role as soon as your old one ends.

If you have entrepreneurial dreams and don’t care to work for another boss, see our ultimate guide to starting a business. This list of home business ideas can help you get started with little capital.

You might decide you really just want to take some time off before jumping into your next employment pursuit. Taking a career sabbatical may mean you won’t be seeing a paycheck coming in, but the time off can be energizing and might help you better concentrate on what you’d like to do next.

2. Save Money for the Transition

It’s smart to build up a financial cushion before leaving your job. Even if you have another gig lined up, it may take a couple of extra weeks until you receive your first paycheck — or you might find out that your new job isn’t exactly what you’d imagined it to be.

Having at least three to six months of living expenses saved in an emergency fund is ideal, but it’s best to save that money for a true emergency, like dealing with unexpected medical bills. Instead, set up a sinking fund to save up specifically for the costs you’ll encounter if you’re out of work for some time.

3. Take Care of Any Upcoming Big Expenses

Big expenses seem to hurt more when you’re unemployed and living off of savings. Before you quit your job, think about what anticipated big expenses — such as new tires for your car — that you can pay for now while you’re still employed.

Also, it’s vital to note that a loss of employment can hamper your ability to qualify for financing or credit. If you are in the midst of the homebuying process, for example, losing your job could damage your chances of getting a home loan, even if you plan to use a spouse’s income to cover payments. You might want to reconsider your plans or time things so that your loan has already gone through before leaving your job.

4. Use Your PTO or Other Benefits

Before giving notice of your resignation, make sure you make the most of your employer-provided benefits.

Some companies will pay out accrued vacation and sick days upon leaving the company, but others will not. If your company does not pay out accrued PTO, make sure to use your vacation days while you can. Be aware that your employer may not grant your request to use any PTO after you’ve given your two weeks notice.

It’s also best to take advantage of any other employee benefits that you’ll be losing. For instance, if your kid is due to get braces, you might want to get that done while you still have dental insurance under your employer.

5. Gather the Information You’ll Need to Roll Over Your 401(k)

Once you quit your job, you’ll lose the ability to contribute to your employer-sponsored 401(k) plan. Of course, you can continue saving for retirement with an individual retirement account (IRA) or a 401(k) plan through your next employer — but you might want to roll over the money from your old 401(k) so you don’t have to manage multiple accounts.

If you typically log into your retirement account from your work computer, make sure you have your login information and you know your account number so you can easily access your account from home.

6. Figure Out How You’ll Get Health Insurance

For most people, losing their job means losing access to health insurance, though there are still options to continue or get new coverage.

One of the easiest options may be to get on your spouse’s or domestic partner’s health insurance plan if they have coverage through their job. Losing health insurance (even if it’s via a voluntary job loss) is considered a qualifying life event, which means your spouse or partner can add you to their insurance without waiting for their open enrollment period.

Alternatively, you could choose to extend your current health insurance coverage for 18 months through COBRA (the Consolidated Omnibus Budget Reconciliation Act). However, with COBRA coverage, you’ll have to pay your employer’s portion of premium costs plus an administrative fee.

Since continuing coverage with COBRA can be expensive, another option is to find a more affordable health plan through the health insurance marketplace.

7. Figure Out How You’ll Receive Your Last Paycheck

Your last paycheck may not come via direct deposit on the schedule you’re used to. Consult with the human resources department or your company’s employee handbook for information on how they issue final paychecks.

Some companies will mail you a paper check, even if you were enrolled in direct deposit in the past. Make sure your address and other contact information is up to date in your employee records. You should also write down the contact information for your manager or your HR representative in case you encounter any issues or discrepancies when it comes to getting that final payment.

8. Craft a Professional Resignation Letter

Even though it’s best to break the news to your boss in person, you’ll want to follow up with an official resignation letter.

Your resignation letter should include the date of your last working day and other important details, like any projects you plan to finish up. You might want to include the reason for leaving the company, but it’s better to keep things vague than to badmouth your employer and potentially burn a bridge.

9. Tie up Loose Ends

There may never be the perfect time to quit a job — after all, the work never ends — but your resignation will be accepted more favorably if you don’t quit during a busy season or in the midst of a major project.

If possible, try to time your resignation so you’re able to tie up the loose ends on the work you’re currently doing. You’re more likely to get a positive recommendation from your employer if you’re able to spend time training a new hire or providing a transfer of knowledge so that your colleagues can step in to fill your role when you’re gone.

It’s also helpful to use this time to gather contact information in order to keep in touch with your coworkers. Don’t forget to ask your manager about using him or her as a job reference.

If you work in a field where you need to compile evidence of your past work experience in a portfolio, gather what you need before you put in your notice. Your employer may decide to immediately cut ties with you rather than wait until your selected end date. You don’t want to lose access to files you might need for your portfolio.

10. Prepare for an Exit Interview

Before you leave, your employer might want to sit down with you to discuss your reasons for quitting. While exit interviews can also serve as a way for companies to gain information about what they could improve, remember to handle things professionally so you leave on good terms.

Prepare to tactfully discuss why you’re leaving, what you think about your time with the company and what constructive criticism you might offer to your soon-to-be former employer.

Once you’ve gone through all the things on this list, you’ll be well prepared to quit your job without regrets.

Nicole Dow is a senior writer at The Penny Hoarder.

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Source: thepennyhoarder.com

Gone but not forgotten: 5 discontinued credit cards we miss the most – The Points Guy


The discontinued cards we miss the most – The Points Guy


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Many of the credit card offers that appear on the website are from credit card companies from which ThePointsGuy.com receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers. Please view our advertising policy page for more information.

Editorial Note: Opinions expressed here are the author’s alone, not those of any bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities.

Source: thepointsguy.com

[YMMV] Chase United Spending Bonus

The Offer

Direct link to offer

  • Chase is offering some cardholders a spend bonus. Spend is required between October 1 and December 15, 2021. Some of the offers:
    • Spend $11,000+ and earn 1,500 bonus miles
    • Spend $500+ and earn 500 bonus miles
    • Spend $1,000+ and earn 500 bonus miles

Our Verdict

These offers mostly suck, but maybe some people have a good one.

Source: doctorofcredit.com

American Express Marriott Bonvoy Brilliant 150,000 Point Sign Up Bonus + Free Night Certificate (85K)

The Offer

Direct link to offer

  • Sign up for the Marriott Bonvoy Brilliant card and earn 150,000 bonus points and a free night certificate good on a property up to 85,000 points when you spend $5,000 within the first three months

Card Details

  • $450 annual fee
  • $300 in statement credits each year of card membership for eligible purchases at Marriott properties
  • Card earns at the following rates:
    • 6x points per $1 spent at participating SPG & Marriott Rewards hotels
    • 3x points per $1 spent at U.S. restaurants and on flights booked directly with airlines
    • 2x points per $1 spent on all other purchases
  • Free night award every year after your card account anniversary (can be used at any property that costs under 50,000 points per night)
  • Complimentary gold elite status
  • Platinum elite status after you spend $75,000 or more on the card in a calendar year
  • 15 nights towards elite status (you’re restricted to getting this benefit once per Marriott Loyalty program number)
  • Unlimited complimentary priority pass lounge access for you and up to two accompanying guests
  • Statement credit for Global Entry ($100) or TSA PreCheck ($85) every four years
  • No foreign transaction fees
  • Free, unlimited Boingo Wi-Fi access
  • Free in-room premium internet access at SPG & Marriott participating hotels
  • Welcome offer not available to applicants who (i) have or have had The Ritz-Carlton Credit Card from JPMorgan or the J.P. Morgan Ritz-Carlton Rewards® Credit Card in the last 30 days, (ii) have acquired the Marriott Bonvoy Boundless Credit Card from Chase, the Marriott Rewards® Premier Plus Credit Card from Chase, the Marriott Bonvoy Premier Credit Card from Chase, the Marriott Rewards® Premier Credit Card from Chase, the Marriott Bonvoy Bold Credit Card from Chase, the Marriott Bonvoy Premier Plus Business Credit Card from Chase or the Marriott Rewards® Premier Plus Business Credit Card from Chase in the last 90 days, or (iii) received a new Card Member bonus or upgrade offer for the Marriott Bonvoy Boundless Credit Card from Chase, Marriott Rewards® Premier Plus Credit Card from Chase, the Marriott Bonvoy Premier Credit Card from Chase, the Marriott Rewards® Premier Credit Card from Chase, the Marriott Bonvoy Bold Credit Card from Chase, the Marriott Bonvoy Premier Plus Business Credit Card from Chase or the Marriott Rewards® Premier Plus Business Credit Card from Chase in the last 24 months.

Our Verdict

Previous best offer was 125k points + $200 restaurant credit. This is a better deal as long as you use the free night certificate on a stay you’d be happy to spend $200+ on normally as this is an extra 25k points. Personally I’d make sure you have a plan for three things before signing up:

  • What you’ll use the Marriott points on
  • What you’ll use the resort credit on
  • What you’ll use the free night certificate on

There is also an increased offer on the Marriott boundless & Marriott business card. We will add this to our list of the best credit card bonuses.

Source: doctorofcredit.com

Namaste Invested: Look to Yoga to Build Your Wealth

I have been practicing yoga for more than a decade. I love the physical and mental benefits it provides. Yoga makes me stronger and more flexible and helps counteract the effects of sitting in a chair at my desk all day. Yoga is also a great stress reliever, helping to clear my mind and keeping me grounded and focused. I love how I feel after a great yoga class – strong and empowered, yet balanced and calm.

As I was practicing recently, it occurred to me that a number of the lessons I have learned from my yoga practice can be applied in our financial lives as well:

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1. Focus on your own mat.

 A man doing yoga looks around during class. A man doing yoga looks around during class.

It can be tempting to compare yourself to the people around you in a yoga class. There is always someone that can bend a little deeper or hold a pose a little longer than you can.

It’s important not to worry about what the person next to you is doing. Instead, focus your attention and energy on the practice on your own mat.

This same philosophy can also be applied in our financial lives. You will be better served by ignoring what your neighbor is doing with their finances. Their investment allocation might be right for them, but that doesn’t mean it is the one that will best help you reach your goals. You may envy their outwardly lavish lifestyle, but that doesn’t mean they are on track for retirement. Ignore what you see other people doing with their finances and focus on yourself instead. 

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2. Be mindful.

A young woman does yoga.A young woman does yoga.

One of the benefits I get from yoga is it helps me be more mindful. Through yoga I find myself consistently more aware of my surroundings, feelings and actions, living more thoughtfully and purposefully in the present.

It can be easy to get caught up in the hustle of everyday life and forget to be mindful in each moment. I find this also to be true in personal finance, particularly when it comes to spending. It is too easy to absentmindedly swipe a credit card, spontaneously add to our Amazon cart without thinking, or overdo it on expensive takeout.

One of the best things that you can do to build wealth is to control your savings rate – which means controlling your spending. Unfortunately, very few people have an accurate idea of what they spend their money on. There are various ways that you can incorporate mindfulness into your spending decisions, such as tracking where every dollar you spend goes or asking yourself whether you are buying something you need or something you want.

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3. Look past the wobbles.

A woman looks uncomfortable as she tries to get into a yoga pose.A woman looks uncomfortable as she tries to get into a yoga pose.

There are times during my yoga practice when I find myself constantly wobbling and falling over, struggling to find my balance. When I find myself swaying and struggling to stick with the pose, I take a deep breath, look across the room, and find my drishti – a spot on the wall that doesn’t move that I can focus my gaze on to help me remain steady until the wobbles pass.

Occasionally the stock market also has “wobbly” days, which can be unsettling for many investors. Usually, the best thing that you can do in times of market volatility is to take a deep breath, look toward the future, and focus on your drishti: Remind yourself of your long-term goals, revisit your financial plan, and keep in mind that you put your plan in place when your emotions weren’t running high. Maintaining your focus on the long term is one of the simplest ways to stay the course through any market volatility.

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4. Make adjustments, just don’t give up.

A yoga teacher adjusts a student's pose.A yoga teacher adjusts a student's pose.

On days when everything feels more challenging than it usually does, I am sometimes tempted to give up. Rather than quit, however, I pause, take a breath, and then I make small adjustments. This might mean using a yoga block for support or simply bending my knees deeper. The important thing is to modify in small ways that still allow me to continue my practice. I have found this approach also works well in times of market volatility.

If market volatility has you spooked and you are tempted to sell everything in a panic, don’t just quit investing. Instead, try making some minor adjustments first. You could sell just enough stocks to raise one year of expenses in cash, or you could “flip” your portfolio from a 60/40 stock/bond mix to a 40/60 stock/bond mix. You could also trim your spending instead of your stock allocation. The important thing is not to give up entirely.

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5. Do nothing.

A woman lies in the grass, totally relaxed.A woman lies in the grass, totally relaxed.

Savasana, one of my favorite poses, occurs at the end of the practice and is a meditative posture where you lie on your back in total relaxation, bringing stillness to your body and your mind. It sounds easy, but it can be challenging to just let go and to resist the urge to twitch or move. We are all so accustomed to the idea that you need to be taking action or moving to accomplish something, but taking time to do nothing in Savasana is what allows me to reap and enjoy the benefits of the hard work I just did. This same premise also applies to investing.

Investors often think that constant trading, trying to time the market, or picking the next hot stock is the best way to accumulate wealth – it’s not. In fact, a Fidelity study once found that the best performing accounts were owned by people who forgot they had an account!

Once you put in the work of crafting your financial plan and developing your asset allocation, then take a financial Savasana: Do nothing. Resist the urge to tweak your plan or investment portfolio at the slightest hint of market volatility. Unless there has been a meaningful change in your life that necessitates an update to your financial plan, take some time to relax and reap the benefits of the hard work you just did.

Hopefully these lessons I have learned from my yoga practice can help you relieve some of the financial stress you feel in your life. 

Namaste!

Senior Wealth Adviser, Boston Private, an SVB company

Kathleen Kenealy, CFP®, CPWA® is the Director of Financial Planning and a senior wealth adviser for Boston Private, an SVB company. She specializes in working with successful individuals and families to manage, protect and grow their assets. Kenealy provides guidance on investment, retirement, philanthropic, estate and tax-planning strategies.

Source: kiplinger.com