All Forum Posts by: Autumn G.

I’m approaching my first lease renewal. I expect to offer to keep the rental rate the same based on the market, but know when I was a renter there was always an option to go month-to-month for a higher price. While I’d prefer a long term renewal, I wondered how you typically determine a month-to-month rate if the tenant decides to go that route? 

Yes - of course we have a rental agreement. A few months in the property is well taken care of(knock on wood), and now my perception is the tenant likes to work on cars so has a couple extra around. I used a rental platform for the application process, and in hindsight including a form for full disclosure of all vehicles being housed at the property would be helpful. 

In my years as a tenant, I never experienced an "inspection" by my landlord. Of course the lease says I can do them, but if I was a tenant (as a good tenant) it would feel invasive. What is your excuse for doing one on a good tenant? Or under what circumstances do you do them, when you have no legitimate reason to? Would be helpful to know for the future...  

@Vackav Masar I ended up renting my property myself. Still looking for first hand recommendations if anyone has them. I talked with RES a few months ago, I had a good conversation with the owner I believe. He is here on Bigger Pockets, and at the time their rates couldn't be beat. Now their rates have increased. 5 Stars on Google doesn't mean much, definitely avoid Pioneer Property Management at all costs. Despite 5 star reviews, I had a nightmare experience with them before I ended up renting it out myself.

Thank you - that was my thought as well .. 

I am a first time landlord, and my first tenants just moved in. They had excellent references, rental history, credit scores and income. 

I drive past the property on my way to drop my son off at school in the morning, and it seems there’s 2 extra vehicles not disclosed on the application parked out front. It’s a four bedroom house, and the couple moved in about a week and a half ago.   

Should I be concerned that additional people are living there? Or as long as you keep receiving rents, don’t worry about it? A regular property manager wouldn’t be driving past at 7 AM and notice I’m sure… Thoughts?

Hey @Grant Tallmadge, Are you still using Res Rents? Still happy with them? I am in the market for a property manager in the Denver Metro. Thanks! 

Thanks Bruce! I do have $3800 annually (7%) allocated for CapEx in my calculator

 Hey! @Nikki Stoddart Can you give me a "for instance" of what this looks like for you at purchase? Your method for calculating? I've literally been running spreadsheets all year in various markets and never found a property that gave me higher than 10% CoC, so wondering what I'm doing wrong. Maybe my calculations are off in some capacity?