All Forum Posts by: Angelica Vargas

I'm with @Mindy Jensen on that one. It sounded pretty clear that the tenants already made a decision to leave. @Account Closed is simply doing her job to find suitable replacements. I hope they leave without any issues or cleanup/repairs needed. Best of luck! 

Welcome! I'm also a newbie but it's always great to meet other like-minded individuals. Best of luck!

Thanks @Account Closed and thank you! To answer your question: Truly, I'm more interested in owning my own properties but naturally helping to manage the properties of others would also advance my education of the industry. 

You brought up a good point on the fixed income - mainly through social security. It's definitely something to consider when supplying a rental property.  

I'm seeing a growing number of elderly people that would much rather be independent and living in their own homes than a senior living facility. Many would be receiving some financial assistance from their children as well. And if the home is designed with them in mind (ADA compliant bathrooms/kitckens, elevators for a multi-unit, etc.), it just seems like a good way to go.

Wow, I'm so sorry to hear this, A.R. As infuriating as this is, don't be discouraged - it's part of business and part of the learning process. 

I think Erik and Brie had great answers. I would like to add that "Good Documentation Practices" (GDP) are SUPER CRITICAL when stuff like this happens. I don't know if this is the right way, but here's what I would do...

1. Check and gather your lease agreements, any receipts for the security, and any other pertinent documents handy.  

1a. Also get anything you can regarding late payment records or other discrepancies that occurred during the time that this tenant occupied the property. Any emails that were sent, text messages, etc., are valuable here. Assemble them into pdf's or old-fashioned paper copies. Organize them in such a way so they're easy to explain and for anyone to understand.

2. Find an attorney that specializes in landlord/tenant disputes ASAP. Even one that works mostly with tenants should be familiar with the laws. Show him all this info and see what can be done.

You should also educate yourself on the laws in your area. If Chicago is anything like NYC, the laws lean more on the tenants' side in order to combat the growing homelessness prevalent in big cities. Sadly, this often comes at the landlord's expense.

Good luck!

Hey everyone, I just want to introduce myself. I'm Angie from Queens NY. I've been on the Bigger Pockets for a while but not really active on any of the forums (until now).

I'm a full-time scientist and I actually really like what I do. But I know I won't be able to do my job forever and I like the security and freedom that Real Estate Investing has to offer.

I'm currently managing one property part-time but I'm looking to own and manage future properties; most likely out of state. Mostly, I want to create value by helping people (particularly the elderly) to live in a nice home.

I'm looking to network with other investors and fellow newbies like myself to learn as much as I can.  :-)