All Forum Posts by: Brad Nelson

Just a fear.  

Am evicting a psycho-dirtbag-nutcase.    Sorry if that's not PC.

I know that shutting off the water is not an option, so what could you do in this predicament?

Call the police?   Call the water department?

Sue the former tenant after getting the bill?   Would the bill serve as sufficient proof?

If you've experienced this scenario, please advise.

@Helen Zhang

The best type of tenants that I like are in the following situation:

...

2. The job that they have will never provide enough for them to save enough for a down payment.

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Wow, such compassion you profess!

Why don't you just say you want an endless supply of economic slaves to feed your pyramid.

Look out a few decades and populations will be eventually be moving northward due more frequent extreme events. Insurance rates are already rising in many sunbelt locations.  

Snow is a manageable challenge.  Earthquakes(due to fracking), tornadoes, wild fires(due to droughts) , and hurricanes(due to warmer oceans) are not.

In light of those factors, Cleveland is looking more attractive moving forward. 

Also, supply of housing has decreased since the mortgage crisis via bulldozers, thus helping to stabilize demand.

No, I wouldn't be inheriting them as it's a separate property.  The house I bought is vacant and m prepping it to be rented for the 1st of the month.  The couple in question just happen to be renting the upstairs of the house next door.  They'd be moving out of that property to my available downstairs unit. 

To restate my question -

Is it an undue hardship to ask subsidized applicants to pay for a credit check, when it's a given that their credit is most likely lousy due to medical bills, etc..?   

Rather, is it worth running a credit check on applicants who are subsidized?

Hello, have a  senior couple in their early 60's who receive subsidized rent and are interested in my available lower unit. 

The program is not Section 8, but uses the same criteria for inspections.  A case manager who assists them in securing housing.

Living in the property next door, I've gotten to know them and their 2 very well trained and obedient dogs.  The guy is forever working on the lawn or yard.  Their landlord will be selling the property.  They don't want to have to leave the street.  And they'd prefer to have less steps to climb, as they currently live in the Up unit. 

They've watched me fixing up the house, which I got a few weeks ago.  For reference sake, the neighborhood would rate about a C+ or B-.  

I read the criteria to be eligible for the rent subsidy. You have to be very poor and/or have medical ailments, which they do, to get it.

They can come up with the security deposit and extra security deposits for each dog.   

My question to the community is  -

Should I even make them pay an additional $60 for background checks when it's already evident they have no credit or bad credit? 

Any other tips on engaging with a case manager would be appreciated as well. 

Thanks!

Using a Heloc, which is considered as good as cash from a seller's standpoint.

Thanks for the clarifications Ron, Lance, Bob, and Ashish!

Hello,

Am closing on a property next week.

My LLC's business bank account outbound wire fee is $78 versus $25 if wired out of my personal account at a separate bank, where it's sitting in a line of credit.

$53 difference is not the end of the world, but it's enough to irritate me. 

For tax filing purposes at the end of the year, does it matter if one pays for a property from one's LLC business bank account, or from one's personal account?

Probably a dumb question I know, but please advise.

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That's a pretty wide brush your research spit out.  I live in the largest and supposedly scariest city on that list.  The most common crime in our neighborhood the last few years has been carried out by suburban junkies who come into the neighborhood, break into vehicles, and get caught.

Rather than classifying areas containing 600,000+ inhabitants as war zones, go for about a 2 hour drive around Cuyahoga county and verify for yourself.