All Forum Posts by: Artem Kovalevskiy

@Ben Pentz Unfortunelty, there is not legal way to just have them leave until the lease is up. At this point, they have 3 months left on the lease, which still gives you enough time to evict them...not sure why you haven't served them with a notice earlier. If someone is behind on their rent and ignoring you, thats usually not a good sign. 

Here is some info for you:

http://www.nolo.com/legal-encyclopedia/eviction-no...

https://www.biggerpockets.com/forums/743/topics/39...

https://www.biggerpockets.com/renewsblog/eviction-...

Hope this helps. Good luck. Keep us updated on this. 

Wait? Im confused a bit. Are they currently on a month to month?

@Andrew Postell I'm pretty sure they are on one plat. 

@Bill S. I was thinking the same thing, but what do you think will happen to my insurance premium? Will it be much higher for 3 individual properties vs having it all on one? Or is that even possible to have them all in one policy since its 3 addresses?

Zillow has that info, but may be incorrect sometimes.  (One of my properties i purchased, the price shown is way off, so thats why i say it may be off sometimes)

But all of the information is public and should be on the county's website. 

http://www.collincountytx.gov/online/Pages/default.aspx

So I am purchasing 3 row houses that are all connected, and currently the seller has them on one deed. My question is should I spend the extra money and get them all split up and recorded individually or keep them all on one deed as they currently are?

I am not planning on selling them anytime soon, unless the market in the area goes crazy and value skyrockets. They would be rentals. All 3 need major work, and after the work is complete and i have tenants, i plan to get a loan out on the units. 

Is there a benefit to having them separate vs individually recorded? Will my insurance be a lot higher if I had to buy 3 policies vs just one, or would i still need 3 policies regardless of the deeds? 

Thanks in advance!

Section 8 only does a one year lease, and after it runs out, the lease then automatically renews on a month to month basis. I am in the Pittsburgh area.

Does anyone know any way or loopholes to be able to do a full year lease (assuming the tenant is good and wants to stay) after the initial year is completed? Just want to be able to protect myself from a possible vacancy in the middle of the winter..

I tried adding an addendum to where the tenant can't end lease certain times of the year, as well as a minimum 60 day notice, but was told by Sec 8, thats not going to get approved. 

Any help, advice is much appreciated!

Thank you for everyones feedback. I will fix the working in the lease for future properties/tenants. I will just refund her portion of the security deposit after I have the tenants who renewed the lease pay it to me. 

@Dale Walker It was collected with one check. 

This is what the lease says about it...It doesn't say "ALL TENANTS" just "TENANT"

(A) During the first year of the Lease, the Security Deposit may not exceed two months’ rent. After the first year, the Security

Deposit may not exceed one month's rent. After the second year, the Security Deposit must be placed in an interest-bearing

account which shall be paid to the tenant yearly, however the Landlord may retain up to one percent of interest to offset administrative

costs. After the fifth year, the Security Deposit may not be increased.

(B) When Tenant moves from the Property, Tenant will return all keys and give Landlord written notice of Tenant’s new mailing

address where Landlord can return the Security Deposit.

(C) Within 30 days after Tenant moves from the Property, Landlord will give Tenant a written list of any damage to the Property

for which the Landlord claims Tenant is responsible.

(D) Landlord may deduct repair costs and any unpaid Rent and Additional Rent from Tenant’s Security Deposit. Any remaining

Security Deposit will be returned to Tenant within 30 days after Tenant moves from the Property.

The 5th tenant has already moved out months ago, but still paying her portion of the rent. The other 4 tenants are staying, and signed the 2nd leg of the lease, which starts in January. 

The new lease says in additional terms:

"— Security deposit from lease prior will be used for this lease. The tenants accept the unit as-is and accept full responsibility regarding any damages that may be

deducted when all tenants vacate the unit, that may have been caused during the previous lease."

 Just not sure if I am legally obligated to send her her "share" and collect the difference from people who renewed, or just let her get it from her "roommates" 

Hello all,

Just have a quick question regarding a security deposit for my property. I had a lease set up as a probationary period that was split up into two 6 months leases. One of the 5 tenants is not renewing the 2nd leg of the lease, since she is having personal/health issue due to age and moving out. She wants me to send her a check for "her portion" (1/5th) of the security deposit back. Am I responsible to do that or does she have to collect that from the 4 other people? I was going to just transfer the security deposit over from the last lease on to the new one so that I didn't have to deal with collecting the 1/5th off my current tenants and send her a check.