All Forum Posts by: Aubrey Ford

 Completely agree. what I failed to mention is The tenant is my daughter and her boyfriend... otherwise I would never do a month to month verbal lease. It's only after she started consistently being latre with her rent payments I decided to I need a written enforceable lease.  Good news is since it is my daughter I was able to have a heart to heart and the issue has been resolved. though I am still waiting on them to sign the lease :( 

 Makes total sense to me. before this whole situation I had presented them with a written lease that clearly outlines the rules for visitors. i.e no more than 5 days in a row no more than 20 days per year... If we can not negotiate something this week. My plan is to give them a 60 day notice (GA requirements) of termination of their M2M lease agreement and they will need to renew with a written lease or vacate in 60 days...

I have a one bedroom apartment I rented out to a nice couple back in June. Last Monday they informed me that his parents are staying with them for a "few days" It has been a week and they have failed to offer any end date. Based on the story they told me it sounds like the parents are effectively homeless and I suspect they have simply moved them in without permission. I have expressed my discomfort with them staying more than a week. I'm not certain how to address this. Unfortunately the lease is a month to month verbal agreement. I did send them a written lease ofr signatures before the parents showed up, but they have not signed the lease yet. Can I have the parents trespassed? or do I have to go through an eviction process of my tenants... . anyone been through anythign like this?

I bought a SFR with a completely built out In-law suite in the basement. My tax person says I can deduct a % of the repairs I've done based on the SQ Footage of the basement unit. Seems clear enough. However I am also sort of house hacking the main house (upstairs). Can I consider the tenant of the one room also a "rental"... and include the SQ footage of that room as well in terms of deductions for repairs etc? How do House hackers handle these types of things when you are renting rooms.

Short story I have a SFH that I rented out and the tenant is essentially abandoning. They can no longer afford the rent due to a divorce. Now I am trying to decide to sell (take the long term cap gains hit) versus a 1031 exchange (never done one) or just relist it.

Current Mortgage: $75k, Appraised at $160k 4 months ago. Rents are at $1100/mo.   

Sell option: I could use the cash to help fund a house hack I am in the middle of. It would let me finish that 12+ months sooner.

relist option: it makes about 6% CoC but I am leaving a lot equity that I feel I should tap into. (if I refi and pull out the equity it makes the CoC negative for the next 3-5 yrs)

1031 option: sounds good, but I am concerned about finding the right property in the timeframe and my inexperience with this  creates risk.

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