All Forum Posts by: Atul Mohlajee

Very true.  Immigrants look at opportunities differently when they see them. I am an immigrant who came in 1986 with $20 and have quite similar portfolio in real estate and other investments.  The only difference is that I had education and had good jobs.  I can understand their struggle with limited education and language skills and still achieving so much that majority of people 99% donot.  They had extra challenges of language, culture, and education which they overcame.  Everyone can be inspired by their journey.

I had same feelings while buying during 2008-2016 years and was always a little fearful/cautious.  Now I wish I had taken even more mortgages at those interest rates and home prices.  Key is to have reserves.  I reached reserves of 6 months of personal and rental expenses.  I could manage 6 months even if I lost my job and none of the 15-16 tenants at that time paid me rent for 6 months straight although it never happened.  Had some vacancies which is normal, some major capital expenses handled easily but nothing drastic happened.  Current cash flow is much higher as I paid off half of my properties with time.

Thanks Colleen.  

When they sent written renewal notice , it was written if you are not renewing " No action Required", This statement shows no action required and that is why they backed up and what example they are giving by not clarifying things and manipulating it.

These property management companies have their own Lawyers, If they paid me back they knew they are Foul playing, I play by rules and Expect the same from others , and I don't agree with people who are siding with wrong side and attacking back and also taking their grudge on others is far from being Professional rather they should not be in the jobs where they donot have patience

Actually they demanded 3.5 months of rent for automatic renewal of lease earlier.  It was reduced to 1 month rent that was security deposit.  $1400 loss vs $4900 demanded earlier.

I hired a lawyer who wrote a letter and was able to negotiate loss of just 1 month of security deposit vs 3 months of rent that was earlier demanded by property management company.

The attorney is currently working on this.  We will handle this as it comes.

Thanks everyone.  The best advice was to contact an attorney.  They already have 1.5 months rent as security deposit.  I donot expect to get back security deposit. What they are asking for is 60 day aditional rent for lease termination because they say that lease is renewed automatically if tenant gives insufficient notice.  According to Michigan attorney, they will be entitled to one month rent for insufficient notice.  However, Michigan law does not allow automatic renewal of lease due to insuffient notice especially when they email me 45 days before end of the lease stating that nothing needs to be done if my daughter moves out by end of lease. That is their ploy to take your money beyond what they can legally. These are words of Michigan attorney not mine.  I donot expect to get back deposit which is 1.5 months rent that is more than 30 days rent they are entitled to. But I am not planning to pay them extra 60 day rent for lease termination for lease that does not exist because Michigan does not allow automatic lease renewal due to insufficient notice. Paying people money that you donot owe them is not good character but stupidity.  I am sure vast majority of people on BP and life donot want to pay what they donot owe.  Actually many donot want to pay what they do owe.

They are asking for 3 months rent, although lease ended on June 30 and rent is paid until June 30, and she moved out before June 30.

Thanks.