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All Forum Posts by: Andy Ballew

Andy Ballew has started 7 posts and replied 17 times.

Hi BP, 

Can someone recommend a good tax attorney in the Nashville area?

Thanks!

Originally posted by @Luka Milicevic:

@Andy Ballew

You can't just go straight to eviction. There is a process first before...giving tenants formal notices of lease violations. You also can't just evict someone just because they pay rent late and you don't like that...

Evictions are a last resort as they cost money and time.

My advice in this case would be to first talk it out with your tenant and ask them to move out. If they have a lease in place you have to honor it. If that doesn't work, offer cash for keys....

Hopefully, your lease has something in that states no one that is not on the lease can live at the house without landlords consent. In that case they have violated the lease based on the halfway house, and you should serve a formal notice to them about the lease violation. 

If talking through it with your tenant doesn't work, if cash for keys doesn't work, then and only then should you look to evict...assuming you have cause to do so. 

I have been through 2 evictions and they aren't fun. One ended up with the Sheriff present while the tenant was forcefully removed. It's not a pleasant process, and should be avoided if possible. 

Thanks, Luka. 

Originally posted by @Stephen Parker:

This reads a lot like my current situation and I'll tell you what I've done so far. You may consider going through this once with an attorney. You do not have to; it's easy enough to do on your own with some time and trial and error. But dep on where you are and how much time you have and how savvy this tenant is, it may be worth several hundred dollars to do it right and learn. Here's my (similar) story: Habitual late payer, usually finds a repair needed, withholds payment, threatens to call codes, has added another tenant to the unit without notification, a HUGE pain in the butt to the neighbors... (We inherited this guy and his mother when we bought the property. Now his girlfriend lives there too and it is just a total gong show...) We were prepared to evict a few months back when a local church stepped up and actually paid his back rent for Nov AND his next rent check for December to get him current. (Note: I'm not too good to take money from Jesus -- even at Christmas time). He was to attend some work counseling at the church and they would've paid his Feb rent too, but he flaked on them (shocking!) so the church didn't pay and the "we'll have the rent soon" stories started immediately. On Jan 10th (this is the grace period we give this particular set of properties) he didn't have Jan rent. So on the 14th, I sent a 14-day PAY OR QUIT notice. He threatened us for a few days after he received the letter then cooled off and said we'd have the full rent on Feb 1 (today). We know good and well he won't have it when my business partner goes out there today (and even if he does, he won't have Feb rent in the next 10 days and, really, it's long past time and he just needs to GO). But the thing is this: The 14 day pay or quit means pay in 14 days or, if you don't pay, you then have to vacate 16 days after that (30 days total 14+16). So we delivered the notice on the 14th, so he had until the 28th to pay. He didn't. So now (today) he is on day 4 of the 16 days to vacate. If he doesn't vacate, our attorney is locked and loaded to request a detainer warrant with the court. When that happens, the process here in TN is like this (this is not legal advise and may note be complete and here in TN the process varies by county population. These are just notes from my attorney as he went through the process on the phone, do your own due diligence:) We gave him 14 days to cure the problem aka pay the rent due. If he does not perform, he has 16 additional days (30 total) to vacate. If he does not, our attorney files a detainer warrant with the court. The courts will then notify the tenant of a court date at least 6 days in the future. The tenant can come to court and plead his case. If he doesn't show up, we get a judgement by default (we will definitely be there). If he shows and the court agrees with us, the court will tell him he has 10 days to vacate. He can also appeal during this 10 days to drag it out further. If he does not vacate, we ask the sheriff to physically put him and his belongings out. Although I am not happy about paying at least $250 (if it's easy and he doesn't show up to court) and as much as $750 -- plus several court, filing, and sheriff fees -- this is one where the education I get through observation is worth it to me. I am not Jay Z or Jeff Bezos, but I can make up that $750 in no time. For me, it is quite honestly worth the money to save my mental energy and work on acquiring another property or find ways to add value to my existing properties. Much like the demo or renovations at some of my properties, "just because I can do something, or know how to do something, doesn't means I *should* do it." Keep the thread updated and let me know how you proceed and how it turns out.   

Good to know I am not alone and sorry that you are having to endure this too. Thanks for sharing the process you're going through. I am looking at all viable options. I've received the past due rent and late fee. Sooooooo.... considering the best next step.

Originally posted by @Anthony Phillips:

I'm interested to see the replys

That makes two of us :)

Hi BP family. I am happy to say that in the many years of being a landlord I have never had to formally evict anyone. I have a tenant who is habitually late. When he finally caught up on his rent he text me saying he would be out on 2/1/2022. He hasn't paid January rent, I sent him a notice saying the rent was late. Being that he said he would vacate the property on 2/1 I didn't push the issue and was just glad he would be gone at the end of this month.

Today he said he is going to pay his rent for January and he is going to stay until 2/14, and send prorated rent for February. 

Clearly, this guy needs to go.

Just to add, I learned that he has been using the home as a halfway house. Though he claims that people that are staying with him are in "transition". I know. Mind blown!!!!!

The question, what is the absolute fastest legal way to swiftly evict this guy? Help!

Hope everyone had a great Thanksgiving!

So I've come across a great property I'd like to put an offer on, but have a few questions around how to come up with the down payment.

As far as down payment options... I'm aware of the cash out refi, syndication and  hard money option. Curious about others that might exist.

I am open to hearing what options you all recommend and why.

I anticipate needing about $600,000 for the down payment.

Thanks

Hi BP family. I am reaching to see if anyone can connect me with a hard money lender in the Nashville area.

Hi BP community! Hoping someone can offer some ideas on how to resolve this challenge. I have a two story duplex. Those downstairs can hear every single step the upstairs tenant makes. Additionally, those downstairs can hear the upstairs tenant's TV/radio and some conversations. It's worth noting that those upstairs aren't stomping, yelling or playing their music/TV at unrealistic level. I am looking for ideas on how to prevent sound from traveling so freely down to the first floor. As you an imagine the sound from the second floor will drastically reduce my future pool of tenants. 

Open to any and all ideas. 


Thanks!

Originally posted by @David de Luna:

I use Innago, transitioning away from Cozy.co, which is ok, but Innago offers so much more. Go check it out.

Hi David, can you share the key feature(s) of Innago that made you decide to make the transition from Cozy.co?  

Regarding the timeliness of the deposits, it hasn't been an issue for us. Also, they have an option to receive rents more quickly. However, I believe that feature is offered for an additional fee. Aside from that Cozy has streamlined rent collection. Good luck in your search for the best solution for you and your situation.