All Forum Posts by: Bryan Caprioli

The tenant moved in 2 months ago on a 1 year lease. As of today, I only know the guests first name so no criminal history check yet until I have more info.

I have a tenant that has a felon living with her that is not on the lease. My upstairs tenant is telling me that this guy is threatening her and her their child because she has complained about the noise. Everything to this point is heresay from the upper tenant, who has been a great quiet tenant ever since she moved in. So question is, what is going to be the best way to get rid of this low life/tenant? I will start by confronting the tenant about having a guest for longer than 2 weeks, but I would love to get this done quicker than that. Any help would be greatly appreciated.

I should mention that the Sellers would want the language in the counter offer stage. If I said that upfront, I feel that it would scare buyers away because of the perception of what it could mean.

This has come up in the past 2 apartment deals that I am brokering. Seller wants buyers to purchase the property in "as is, where is" condition, even though the properties aren't in bad shape...just a little outdated. As a buyer, seller, broker, how does this phrase change your perception of the property? Also, what language do you use in a sale that gets the same message along... that the seller wants to make it clear that he just doesn't want to make any unnecessary repairs or give credits for obvious upgrades?

Toilet is $125, make the switch. Tub is more expensive, but they make an epoxy that can be painted on that will make it look a whole lot better than pink. We have had mixed results with it though. Cheaper you go with it, the worse off you are. Talk to someone at a Home Depot, they should be able to set you up.

Where is the property located?

An owner has to run the property as if a deal will fall apart, so they aren't going to get rid of their cash flow. You can write it in an offer that they need to give the tenant proper notice to move however, and try to negotiate it in. As far as over priced...is it because of how much they bought it for, or because of the market and comps?

Jason, I work all across the state but primarily SE Wisconsin and the surrounding counties.

Unfortunately, a tenant death is actually considered a 60 day notice in my state. Morally, that is another story in your case. I have never personally known any tenant that passed away.

It would all depend on your comfort level with the area that the building is in. We tend to stay out of the city, but mainly because I don't think my management style would be effective there. There are a lot of owners that do very well there though. Finding a building where you can raise the value with general improvements or with better management is going to be the best suggestion I can give, but making the first step and getting "into the game" is the most important step. Sounds like you are already past that though with the 5 properties. Have you looked at trading up the ones you have now? Whether as a down payment or through a 1031?