All Forum Posts by: Atul Mohlajee

Very wise point.  I am going to decline this opportunity as well.

Just wonder.  Will any of you landlords allow their tenants to do airbnb in their rental properties?

If not, why not?

Peace of mind is my reason to replace this tenant.  Otherwise she has intention to pay everything always, good upkeep, and good people.  Just too much negative energy chasing rents, deferred promises etc. 

Late fee is layered $75 if paid by 10th, $100 if paid by 20th, $125 if paid by end of month and $150 if paid next month.   They usually pay $150, sometimes $125.

Thanks for your comments.

Anybody like to keep a tenant for late fees?

I have a tenant (Couple) for 7 years who is late 11 months or more out of a year a year. Pays late fee, is sometimes a month or more late, catches up and then again becomes late with again. All excuses heard including job, sick relatives etc.  Their income is fine but bad money management. Late fee is $125, $150 every month.  Rent is $1925.  Promises rent payment on a certain date and then moves the date. I have 22 other tenants and nobody else gives this much hassle.  Woul you guys keep or get them out?

Civil Engineer.  Engineering requires same intelligence and ability as other highly paid fields of study like Medicine, Law, Finance etc.  but only pays middle class wages.  Most of us being problem solvers, solve
this problem by real estate investing, stock markets investing etc.  In many countries, Engineering is the highest paid profession, and this trend is not as common.

Bachelors and Masters in Civil/Structural Engineering. I believe that Engineers succeed in business because we think with a logical process and have a long term mindset which is cost/benefit analysis of any project real estate or otherwise over long term. We think with logic and not with emotion or feeling. We donot go for the feel and business has no feelings. Still work in Engineering/Construction Management. REI is my part time gig and I am really happy doing it.

23 out of 23 paid in April.

I have 23 tenants.  19 residential, 4 commercial.  Total of 16 tenants have paid in full. One commercial tenant asked and was given a 22% discount, and already  paid with a 22% discount.  2 more tenants are going to pay by tomorrow, last date to pay. 4 tenants have stated that they will pay in full but late by April 15.  I was pleasantly surprised that even a few unemployed tenants paid.