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All Forum Posts by: Amy Lee

Amy Lee has started 9 posts and replied 21 times.

I think you can't get this credit on an investment property but if it is your primary residence, can you apply the credit on the investment side of the duplex?

Would that be something you can use 'twice' if that is the case? One for my side and one for the renters side if I were to be updating heating/cooling systems.

Post: Late utilities transfer

Amy LeePosted
  • Posts 21
  • Votes 10
Quote from @Colleen F.:

@Amy Lee so does the lease specifically say they pay utilities but not address the turnover or is it silent on utilities?  Regardless  tell them the utilities  is not switched over and how to do it. If you get pushback because they think utilities are included you could be in trouble. This is one instance where I would pay them to leave. 


 correct. I added it for my template for future uses (although I would just enforce that it should be transferred prior to giving them the keys) but the current only has language that tenant is responsible for XYZ utilities. It does not address consequences or the period that they should transfer these. They technically slacked only a few days but with the holidays/new year and their time to get a tech out to "start" service, I'm probably looking at late next week if not the following week. I wasn't sure if I am to eat the cost for paying for their use for like 2 weeks or if there was a way to bill it back to them (like if the utility company was able to give me an exact amount some how)

Post: Late utilities transfer

Amy LeePosted
  • Posts 21
  • Votes 10
Quote from @LeeAnn Owens:

@Amy Lee is there any language at all in the lease about utilities and who is responsible for paying them? 


 I do have a phrase that the tenant is responsible for so and so utilities but that is about the extent. I didn't include the time period that they should transfer the utilities, possible consequences (fees, eviction) etc.

Post: Late utilities transfer

Amy LeePosted
  • Posts 21
  • Votes 10

I was being naive and let the tenants move in without having utilities to their name. I outlined this in the ad but nothing in the lease. At this point, I'll be paying for their utilities for 1-2 weeks. I can't make calls to the companies with the weekend and holiday. Do I have to eat the cost on this? Is there a way to throw this back to have them pay? How would I figure what amount they are due for?

Post: Not picking up after dog

Amy LeePosted
  • Posts 21
  • Votes 10
Quote from @Alecia Loveless:

@Amy Lee We put it in the leases that the pet owners have to pick up after the dog or there will be a $150 charge to have it cleaned up. Then we make them sign that spot specifically. So far no one has let it go that far. But my handyman is more than happy to spend 1-2 hours picking up dog poop for $150.

I also put in the lead that it’s a 3 strike thing and a violation of the lease if it happens 3 times they get evicted.

I like the 3 strikes idea. I didn't get a choice on this particular lease but theyre due to move out at the end of the month so Ill make sure to have a clause for future pets! 

Post: Not picking up after dog

Amy LeePosted
  • Posts 21
  • Votes 10
Quote from @Henry T.:

Write a new lease. Specify that dog waste must be picked up immediately. Include charges for dog cleanup. $20 a pile. Then get someone on craigslist to do it. There's lots of people happy to make $20 a pile. The responses I got ran from hilarious, to dog owners threatening to kill me...Seattle now has business's that do just that.  Call them.  https://poopertrooper.com/   Then bill the tenant.


 I'll make sure to make note of this in the future. I walked into this lease when I purchased the house. Luckily their lease is up at the end of the month.

Post: Not picking up after dog

Amy LeePosted
  • Posts 21
  • Votes 10

I have a difficult tenant in a sense that this person's dad is a nEW yOrK CiTy REal eStaTE aGEnT. He has said that he wants to be present for my city point of sale inspection (which is none of his business), declined to show the unit which to this day I've only seen it once during my inspection. There is nothing in the lease about the landord coming in or showing the unit with x amount of notice and so that's what he's been standing on.

They have a "service" dog which poops all over the front and back yard and they dont pick up. There is nothing in the lease about picking up after your dog, just your common sense.

Any ideas on how to approach this? Should i tell them to pick it all up prior to leave otherwise theres gonna be a charge to clean up? (Charge for dog poop also not stated on lease but other cleaning items are). It is December and so I cant rule out snow will cover it up. Sigh.

From first time home owner and landlord 😮‍💨

Post: Old home cracking paint

Amy LeePosted
  • Posts 21
  • Votes 10

Hello BP!

I need to repaint the walls in my newly acquired unit cause it's quite patchy in direct sunlight and has a ton of holes that need filling but also has some cracking. This home was built in 1915 so im worried about chipping off the cracking paint, sanding and exposing possible lead just to apply a new coat of paint.

Should I not do that? Should I mud/tape over the cracks and sand that instead? Any advice is appreciated. Thank you as always!

Quote from @John Chong:

Depending on the condition of the distressed property it might be difficult to get a conventional loan. Good idea but I think you'll run into challenges.

Thanks for the input John. It does seem difficult to find on market properties to make the brrrr work. 
Hmm. I'm currently quite miserable where I live so I'm not against breaking the lease. Do you think the smarter thought at this point is to buy a home that needs no or minor cosmetic work (for the sake of saving on the home cost a little) just to purchase a primary residence. Then once I've mentally cleared of my home owning stress, I could focus on wholesale to accrue funds and go into investment properties then? I think I'm trying to get everything done in one transaction and dont even have the tools to do so, making it a major struggle.

Quote from @Nicholas L.:

@Amy Lee

some good thinking here but as @Jaron Walling mentioned it is going to be very tough.

a few reminders on some things that get overlooked when Biggerpockets mentions the magic of BRRRR.

-you really have to increase the ARV of the property substantially for a BRRRR to work. not a 20% increase, not a 50% increase, usually closer to a 100%+ increase over purchase price.

-closing and carrying costs add up.  you have closing costs on the buy, carrying and holding costs, and then even the refinance costs can be 5-10K depending on the loan.

turns out it's expensive just to transact real estate.  =)

you mentioned you're on month 4 of a 15 month lease.  why not use the rest of the time to keep saving and searching rather than rushing into something?  there will be real estate available to buy in 2024, 2025, 2026...

hope this helps.