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All Forum Posts by: Byram Heights

Byram Heights has started 2 posts and replied 7 times.

You shouldn't be in this business!

Quote from @Divya Sosa:

Hello,

I had a unit up for rental (a townhome) and received an application from Zillow which showed that she has no criminal history and credit score was good as well. I did all my other due diligence like asking for paystubs, W2s, Tax returns, Employment verification, bank statements etc etc and did not see any red flags overall. I did not do a separate criminal background check as I trusted the info from Zillow (Big lesson learned never to trust the Zillow data again in life). We signed the lease and the tenant moved in the unit in Nov. After they moved in, we started to get some mild complains from our neighbors (for the rented unit which was our primary residence until we moved out in another house a few miles away).

1. Within a couple of days, our neighbor said that they smelled weed from the backyard. (Ok I get it that its 2024 and people smoke weed). I gently asked the tenant if she smelled weed in the backyard and she claimed that she does not smoke anything so she does not know etc etc.

2. Some neighbors also told me that there seems to be more people living in the house (on the lease its supposed to be the lady and her two kids 4 YO and 8 or 9 YO). But the neighbors feel that there are two more adults for sure.

3. And some other small but strange things. No complaints from neighbors about any loud noise or erratic behavior or anything. But they all seem to feel that their overall behavior is just not the best. 

I felt like checking a little bit more so I ran a proper background check on her and was shocked to find that she has multiple felonies including jail time. Starting from 2016 she has several things like giving false information to law enforcement officers, Shop lifting, battery and more giving false identity to law enforcement officers and then the felony for identity theft. The felony was as recent as 2020 so I am not sure how Zillow report did not show that but anyway. 

My question is - Shall I simply not take a chance with her and inform her that I have found discrepancy on her application and her background and just ask her to evict? Ofcourse I am planning to consult a lawyer first. 

One of my friend happens to be a RE agent, landlord and a property manager himself and he seems to feel that as long as she pays rent on time and does not create nuisance, not to worry much and just keep do a quarterly property inspection. If anything is obvious like a solid proof of more people living in the house or signs of smoking in the house or if she misses even one rent payment then start the eviction process. I trust his advise but I feel that its not worth taking a chance and I should ask her to politely leave based on the fact that she has lied on her application. 

Suggestions?


Quote from @Mario B.:
Quote from @Byram Heights:

The condo rental market in Stamford SUCKS if you are a landlord. Extremely high taxes and maintenance costs plagued by huge inventory sitting in the market. 

I own a 1 bed 1 bath unit overlooking downtown from a huge balcony, 1 car spot and free heat and hot water for $2200.00 and it has been sitting in the market for 60 days now. 


 Hi Byram. I’m sorry to hear that. I own a studio at 700 Summer St. It’s never on the market for more than 2 weeks. If you would like to talk more offline I can help give to some ideas or suggestions. 


 HI Mario, Any thoughts?

https://www.zillow.com/homedetails/444-Bedford-St-APT-4P-Sta...

Quote from @Samuel Eddinger:

Unfortunately it means that you are most likely mispriced or for some reason, people are not finding your marketing.  I'd check to see that your marketing is good first.  A lot of the sites will push you again to the top when you do a price drop so maybe drop the price like $25 or $50 every week or so until you get it rented.  The lost opportunity is worth a lot so lower your rents like every week or so.

Thanks Samuel. Here is the listing.

https://www.zillow.com/homedetails/444-Bedford-St-APT-4P-Sta...

Thoughts? I think it is fairly priced. Heat, and Hot water is included in the rent.

Are people having hard time finding quality tenants ? I have a place sitting in the market for over 60 days now,  that is fairly priced, but there has been absolutely no interest. Is it that there is huge inventory of newer buildings like over at Harbor Point etc, or Stamford is not a desirable area for people to rent?

Hi Mario,

Thank you for reaching out. That would be wonderful. I have this condo over at 444 Bedford, funny it is the same company who built 700 summer. 

The condo rental market in Stamford SUCKS if you are a landlord. Extremely high taxes and maintenance costs plagued by huge inventory sitting in the market. 

I own a 1 bed 1 bath unit overlooking downtown from a huge balcony, 1 car spot and free heat and hot water for $2200.00 and it has been sitting in the market for 60 days now. 

I'm reaching out seeking some insights and advice regarding a rental property I currently have listed in Greenwich, CT.

https://www.zillow.com/homedetails/33-Talbot-Ln-APT-3-Greenw...

I have a beautiful 3-bedroom, 1.5-bathroom townhouse available for rent, featuring amenities such as central air, a spacious deck, a one-car garage, and an attic, along with one designated parking spot. Despite these attractive features, I've encountered challenges in securing qualified renters, as the property has been on the market for the past 30 days.

I've priced the rental at $4100 per month, which I believe to be competitive for the area. 

I'm keen to understand if there are any factors or considerations that I may be overlooking which could be contributing to the difficulty in finding suitable renters. Additionally, any advice or recommendations on adjusting my approach to marketing or pricing would be greatly appreciated.

Thank you in advance for any insights or suggestions you may have.