Now that I’m back in New Jersey, I’m excited to be working like crazy on the Steve Scott Site. I’m also apartment-hunting this week, and Melissa (who writes some of the articles for this site) just let me know that her work schedule is a bit crazy lately too, because her family is also getting ready to move.
She’s been running into some problems securing a new lease. Despite submitting everything that her real estate agent required, then handing over more bank statements and more paperwork, the home owner (landlord) ultimately decided that being self employed made her too “risky” of a tenant– even though her current landlord submitted a wonderful review that shows she has never made a late payment. The unemployment rates in this country are sky-high, but some people really do think that “self employed” translates into “unemployed.” I almost think of it as the dark side of being self employed.
People Might Not Like You for Being Self Employed
Many of my readers are here because they’d like to figure out how to escape the whole 9-to-5 rat race and run their own businesses, like I do (and like Melissa does.) The thought of being your own boss, doing things your way, and being completely in control of your business and your income potential is pretty great. Even so, some people might not like you for being self employed.
No, I don’t mean they think you’re smelly or annoying … but when making major purchases, getting credit cards or applying for leases, being self employed sometimes works against you. You may be asked to submit extra paperwork or bank statements to prove that you really do earn a living from your job (many people tend to think of it as a “hobby” instead of a career.) You might even have to cough up larger down payments, even if you have a great credit score. I’ve run into similar problems myself. It’s especially difficult if you don’t run a brick-and-mortar business and work from home.
Even if You Like Being Self Employed …
Even if you like being self employed, you need to be aware of these challenges. Things may be slightly easier for you if your spouse or a co-signer has a “regular” job, but in today’s day and age “dependable employment” isn’t even dependable. (One of Melissa’s relatives was laid off from her “stable” job just last week.)
I’m not trying to rain on anyone’s parade because I definitely, 100% love working for myself. Just warning you that these things can and do happen—I’ve been getting plenty of funny looks during my apartment search when I explain that I run my own businesses and just came back from spending most of the year travelling through Europe.Take Action. Get Results.