All Forum Posts by: April Rae

Hello!

Navigating appliance issues in a rental can be tricky, especially with a long-term, reliable tenant like yours. Here's a balanced approach you might consider:

Given your tenant's excellent track record and the longevity of her tenancy, it might be beneficial to handle this situation with an eye toward maintaining that good relationship. The washers and dryers were old and provided as a courtesy, as you mentioned. You initially stated that you would not replace them if they broke, which is a fair stance. However, considering the age and the initial understanding, asking her to replace them might seem a bit harsh and could potentially sour an otherwise positive landlord-tenant relationship.

Instead, you could offer to split the cost of replacing the washer and dryer with another used set. This compromise acknowledges the original agreement (that you wouldn't replace them) while also showing appreciation for her as a tenant. This gesture can reinforce goodwill and potentially secure her tenancy for longer, which is invaluable.

Alternatively, if the budget allows, you might consider replacing them yourself. This investment in your property could be justified by the increase in rental appeal and tenant satisfaction, making your property competitive and desirable in the rental market.

Ultimately, the choice should align with your investment strategy, your relationship with the tenant, and the overall condition of the rental market in your area. Maintaining a good relationship with a reliable tenant is often more valuable than the cost of appliance replacement.

Hope this helps, and best of luck!

Hi there!

Finding a knowledgeable real estate attorney is definitely crucial for setting up your investing company correctly. One way would be to reach out to your local real estate investment club or check with other investors in your area for recommendations. Often, word-of-mouth referrals are the best way to find someone who not only understands the legal side but is also familiar with the nuances of real estate investing depending on your needs.

Additionally, you can use the BiggerPockets network to ask for attorney recommendations in the Forums under the "Real Estate Professionals" category. It's also helpful to interview a few candidates to see who you feel most comfortable with in terms of understanding your goals and who can offer practical advice tailored to your investment strategy.

Make sure to ask about their experience with real estate investors, their fee structure, and whether they have dealt with setting up similar business structures. This will help ensure that they can handle your specific needs effectively.

Good luck with your search!