All Forum Posts by: Ariel Hernandez

This is rough and I'm sorry you are going through this. At a high level based on what I'm reading, this may be one of those where you give your brother an ultimatum: work together as originally discussed, or you buy him out and call it a day. Not everyone is fit to be a landlord and I don't know what expectations were set when you first bought it.

Regarding him not working on the house since he started dating someone, you need to politely tell him that he has obligations that he committed to. Alternatively, he could hire a handyman, etc. to finish up what he was responsible for and he can pay them directly.

Alternatively, since you both own it, you could take on 100% of the management and your brother pays you X% of the rent like a property manager. You are all adults that did an adult thing. 

The last option is to sell and go your separate ways. Sell the house and move on.

I understand what your girlfriend wants, but unless there is a ring on it, you need to do what's best for YOU and your financial situation. 

I also wouldn't dwell on this. I don't mean to come off as an alarmist, but you have a mortgage to pay. This needs to be addressed quickly and methodically. 

Side note: Double check to see if you can even do mid term rental on a condo. A lot of associations are cracking down on this. 

This is tough because of all the parties it involves. Your best move is to get everyone on the same page with whatever decisions are made otherwise you will never be able to take the next step. You might have to sacrifice your plan right now but have an agreed exit strategy to get you out of it in a year or two.

Moving forward, be very careful who you partner with and where they are at in life. Some ideas seem great at the time but life changes can quickly derail your goals. Real Estate investing is never easy and you will come out better after this situation for the future.