Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Ivan Burley

Ivan Burley has started 17 posts and replied 76 times.

Post: Advice greatly appreciated

Ivan BurleyPosted
  • Flipper/Rehabber
  • Nashville, TN
  • Posts 76
  • Votes 3

Thanks everyone. I will be starting the eviction process the first week of May. I am nearly certain she won't be able to make her rent for next month. I'm hoping that she'll at least clear the April balance and then I'll move forward ith the eviction. There may have been a few things I missed during the application process.

The main thing was the 3x the rent. I verified her employment and she had no previous evictions. In the area that my rental is in it may be hard to find someone who earns 3x the rent. I'll try to do a better job screening the next tenant. Thanks everyone for the supp

Post: Advice greatly appreciated

Ivan BurleyPosted
  • Flipper/Rehabber
  • Nashville, TN
  • Posts 76
  • Votes 3

Thank you everyone for the sound advice. I had already made my mind up to begin the eviction process. I planned to give her a chance to have May paid in full. If she is unable to pay by the 5th then I will move forward with the eviction. I am determined to be successful in this business and I know to do so you have to be disciplined and tough. Fortunately I possess both traits. I will give someone a chance to do right, she's had her chance.

These helpful responses assure me that I am making the right decision. Do you guys handle most evictions yourselves or is a lawyer the better op

Post: Advice greatly appreciated

Ivan BurleyPosted
  • Flipper/Rehabber
  • Nashville, TN
  • Posts 76
  • Votes 3

Recently I leased my first rental unit. The tenant moved in in the middle of the month of February. Right out of the gate she was unable to pay rent for March until half way through the month. I was understanding due to the fact that she had recently paid the one months rent deposit as well as the prorated rent for February. Now in April she once again was unable to pay the until the 13th. Not only was she late but this time she was short $295 including the late fee.

I sense a theme here and I would like to nip this thing in the bud. Does anyone have any suggestions as to how I can handle this problem? She is two months into a 12 month lease. She says she will pay the balance on the 26th. Which leads me to believe that come the 1st, the cycle continues. I'm trying to work with this lady but at the same time I have obligations myself. After all this is a business not a charity.

Post: Hard lesson learned!

Ivan BurleyPosted
  • Flipper/Rehabber
  • Nashville, TN
  • Posts 76
  • Votes 3

Thanks a lot @Ed O that's great advice. Yes this site is a blessing for sure. I cant even remember how i found it but I'm glad I did. I will definitely use that procedure when my tenant gets ready to move in. That would suck to be stuck paying someone else's bills. I'm going to try to use every resource when screening. I never really get too down when things go wrong especially when I caused the problem for myself.

Post: Hard lesson learned!

Ivan BurleyPosted
  • Flipper/Rehabber
  • Nashville, TN
  • Posts 76
  • Votes 3

Yep I won't waste a day the next time. I thought about it so many times. Every time that I had to drag that generator to and from, I thought about it. I should have acted on it. I'm a quick study so it won't take long for me to get the hang of this thing. Kind of a rocky start that's all. Thanks for your suggestions.

Post: Hard lesson learned!

Ivan BurleyPosted
  • Flipper/Rehabber
  • Nashville, TN
  • Posts 76
  • Votes 3

Thanks for the suggestion Steve. Unfortunately I don't have an air compressor yet so that's not an option for me. @Rob K. I never intended to show the property without power I was just waiting until the end, bad move!

I realize now that there were 100 ways that i could have avoided this problem. I just take it all as a learning lesson, an expensive one at that. I'm using a plumber that I found on Craigslist. I am a beginner with no mentor what so ever so I'm learning and building my network as I go. I'll ask him if there is a better way than using the shark bites on the pex. He also made some connectors with a crimper so I'll see if he could do more of those and save me a little money. He's charging $175 for the whole job.

As long as there are no leaks and the water pressure is good I'll call it a success.

Post: Hard lesson learned!

Ivan BurleyPosted
  • Flipper/Rehabber
  • Nashville, TN
  • Posts 76
  • Votes 3

Thank you for the replies. The good things is that it's not a very big home so there's not much piping. It's not so much the work it's more the time set back. I'll definitely do it differently on the next one. @Jerry W. I'll look into the manifolds for the pex thank you for the suggestion.

Post: Hard lesson learned!

Ivan BurleyPosted
  • Flipper/Rehabber
  • Nashville, TN
  • Posts 76
  • Votes 3

ye

Post: Hard lesson learned!

Ivan BurleyPosted
  • Flipper/Rehabber
  • Nashville, TN
  • Posts 76
  • Votes 3

Well as I recently posted I purchased my first property not to long ago. I have completed all of the renovations and was ready to find tenants. All of the sudden Nashville is hit with the blistering cold that affected much of the country last week. Thinking that I would have to pay a deposit I opted to not have the utilities turn on. Bad idea!

During my renovations I have been using my generator for power. With no heat and drastic weather changes of course my copper pipes burst. I thought it would be focused in one area of the bathroom but as we found one burst there'd be another. We followed it all the way into the wall. We had to slide the bathtub out of the way and cut open the very same drywall that I recently had hung. On top of that we will have to remove the water heater that was recently installed to get behind it and open up even more new drywall.

I guess I learned the hard way that first thing first, have all utilities turned on. Luckily the water was turned off when the pipes burst. When we turned the water on to fill the new (scratch and dent) water heater we noticed the problem. I'm no plumber so I'll be paying for these services.

I know it's a little late but any advice would be greatly appreciated. We are replacing the copper with pex piping in all of the trouble areas, and shark bites are a blessing.

Post: Just beginning in Nashville.

Ivan BurleyPosted
  • Flipper/Rehabber
  • Nashville, TN
  • Posts 76
  • Votes 3

Thank you Steve. It's great to hear from someone with experience here in Nashville. I am a very hands on person. I know there will be a learning curve as with all things, but I'm excited and anxious to learn. I heard that it can be tough finding a good management company that's why I was considering going with my friend. She is fairly new as well, but is very business centered. I will be using for initial screening and listing and showing. I will make all final decisions in regards to maintenance and tenants.

Are you currently active in Nashville? Could you suggest any management companies that you were satisfied with?