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All Forum Posts by: Braden Hobbs

Braden Hobbs has started 25 posts and replied 96 times.

Post: Denver RE Attorney Recommendations

Braden HobbsPosted
  • Rental Property Investor
  • Denver, CO
  • Posts 96
  • Votes 15

Thanks @Matt M. I'll give them a call.

Post: Denver RE Attorney Recommendations

Braden HobbsPosted
  • Rental Property Investor
  • Denver, CO
  • Posts 96
  • Votes 15

Hi all,

Looking for Real Estate attorney referrals in the greater Denver area. Let me know who you like!

Thanks!

Post: Tell tenants you’ll renew if one roommate leaves

Braden HobbsPosted
  • Rental Property Investor
  • Denver, CO
  • Posts 96
  • Votes 15
Quote from @Theresa Harris:

I'd tell them that you are not renewing or you increase the rent.  Rents have gone up in many places as have expenses, so you can easily justify an increased rent.  Also tell them that if his name appears on the lease, you have to do a full background screening same as you did with him.  I'd then word it such that if they goes, he goes. Eg he's an extended guest.

 Thanks Theresa. The party in question is already on the existing lease that is expiring and went through our application process. 

We don’t want to renew him again as we think it’s too many people in one unit and suspect he’s smoking.

So at the end of the day this would be a matter of me saying “I’ll renew a lease with you two and your kids but not the extra adult with no relation” and I’m trying to make sure I’m not somehow violating some sort of tenant/discrimination law :)

Thanks!

Post: Tell tenants you’ll renew if one roommate leaves

Braden HobbsPosted
  • Rental Property Investor
  • Denver, CO
  • Posts 96
  • Votes 15

Thanks all for the response so far. 

My main concern is the guy I make leave coming back and saying I discriminated against him in some way. I don’t see how that’s even possible in this case but figured I’d get everyone’s input!

Post: Tell tenants you’ll renew if one roommate leaves

Braden HobbsPosted
  • Rental Property Investor
  • Denver, CO
  • Posts 96
  • Votes 15

Hey all,

We have a family that moved into our property last year and at the last moment before move-in they asked to add their adult friend on the lease. At the time we agreed but now we’d prefer it just be the family there for less wear and tear and we suspect the friend is a smoker.


Just wondering if anybody thinks we’d be at risk of discriminating if we told the family we are only going to renew with them if their adult friend moves out?

Thanks!

Post: Military tenant being deployed

Braden HobbsPosted
  • Rental Property Investor
  • Denver, CO
  • Posts 96
  • Votes 15

Originally posted by @Travis Urquhart:

@Braden Hobbs couple things to consider:

2- usually single military will move there stuff into a storage unit while deployed because they still get the housing allowance and can save what they were paying in rent. Maybe offer a reduction in rent for the months he's deployed. Your house gets less wear and tear and the tenant can save some money and not have the inconvenience of moving into storage, and then moving into a place upon returning from deployment.

Travis, wouldn't your property sitting vacant for 6 months make you a little worried? Thought of that worries me a bit.

Post: Military tenant being deployed

Braden HobbsPosted
  • Rental Property Investor
  • Denver, CO
  • Posts 96
  • Votes 15

Thanks all. I basically had the same thoughts as most of the opinions expressed here. Mainly they could have just renewed and then just left so I appreciate them being honest with me. Plus, I'm not in the business of making any tenant find temp housing for a few months, especially not our military.

I hadn't thought about asking if I could do showings earlier than normal or an inspection before allowing a month to month lease so big thanks on both those ideas!

Post: Military tenant being deployed

Braden HobbsPosted
  • Rental Property Investor
  • Denver, CO
  • Posts 96
  • Votes 15

Hi all,

I have a tenant being deployed a few months after their lease ends June. They would like to go month to month until they are deployed. My issue is it's a SFH rental and the lease ends in the summer when the rental market is hot.

Looking for input on what you all would do?

TIA

Post: Insurance Company that can do Commercial policy in WY

Braden HobbsPosted
  • Rental Property Investor
  • Denver, CO
  • Posts 96
  • Votes 15

Thanks for the recs everyone.  

@Jeff F. - Yeah I'm not sure I can do better either, but this is pretty high compared to my other property in CO. I was having trouble just finding companies who would do business in WY.

I'm from Cheyenne originally, and the hail is no more frequent than the front range of CO with cheaper costs to replace, so I don't buy that excuse from the companies there. I think there is something with insurance in WY and legislation, because a lot of businesses won't even do business in WY for some reason. Maybe it is the hail :)

Post: Insurance Company that can do Commercial policy in WY

Braden HobbsPosted
  • Rental Property Investor
  • Denver, CO
  • Posts 96
  • Votes 15

Hi all,

As my title states, I'm looking for recommendations of insurance companies that can write a policy for LLC (commercial) for a Wyoming property. Currently using Farmers insurance and it seems pretty expensive at $2600 a year for a 4-plex.

Thanks!