All Forum Posts by: Bob Warther

@Scott M.

Scott is right. Be a good Landlord, fix the door. While there, be a better Landlord and inspect the balance of the property. Take your phone for notes and pics.

Gather your information and decide if its normal wear and tear, or damage. If damage and you have to evict, they can't accuse you of being a slumlord.

One other option- I had a tenant drop a weight in a sink. "She" and "He" had a fight. She left. I told the tenant to get a qualified plumber that I would approve to fix the sink, tenant would pay. Worked out OK.

I believe in meeting tenants where they are. Normal wear and tear from a good tenant, that's the business we are in. Goofball tenant, hopefully you are not in that business, but some have that business model, and that's ok too. Just more headaches.

@Landon Fillmore

Landon - just saw your post. I'm in the process of moving to UT. I have rentals in Lehi. Did you figure out how to break in to the market? I'm retired Navy and would like to help a fellow vet.

@Robert Walmsley

Another option is to make extra payments $210/month. Based on $145k balance, 3.6% and 23 years remaining, your note would be paid off in ~ 16 years 3 months. Slightly higher interest and a little longer than 15 years, but avoids refi costs. Also you could always revert to the base payment if you needed a little more cash flow.

You still could pursue a line of credit under this strategy.