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All Forum Posts by: Anthony Hurlburt

Anthony Hurlburt has started 2 posts and replied 197 times.

Post: Number of tenants per bedroom??

Anthony HurlburtPosted
  • Salt Lake City, UT
  • Posts 199
  • Votes 190

I believe the HUD guidelines are two per bedroom plus one, so for your apartment it would be a total of five allowed to live in it.

Post: Tenant Lease on New Investment Purchase

Anthony HurlburtPosted
  • Salt Lake City, UT
  • Posts 199
  • Votes 190

You need to honor the existing lease.  Then at renewal time you can renegotiate the rent.

Post: Do I keep any of this tenant's security?

Anthony HurlburtPosted
  • Salt Lake City, UT
  • Posts 199
  • Votes 190

After twelve years it needs a thorough painting.  Just paint it and move on.  Feel lucky you had a tenant for that long.

Oops thought it read Sept 2017.  That sucks.

You can't charge for a dog unless the lease says that you can.  Their lease ending at the end of September is actually a good thing for you.  You have a chance to tailor the next lease more to your liking.  With market rents and pet provisions.

All the terms of the existing lease stay in effect until October 31st.

Post: Washing Machine Issue

Anthony HurlburtPosted
  • Salt Lake City, UT
  • Posts 199
  • Votes 190

If its your washing machine and you rented the apartment out with a working washing machine, it is your responsibility to continue to provide a working washing machine.

That is good information to know @Deanna McCormick.

It is much better to have the seller evict prior to you taking on ownership of the property.

Post: According to my numbers, I just collect money?

Anthony HurlburtPosted
  • Salt Lake City, UT
  • Posts 199
  • Votes 190

I'm guessing that what @Jordan Moorhead is referring to is that with that price to rent ratio it will usually be in a less than ideal location.