All Forum Posts by: Cheza M.

Quote from @Jared Hottle:

Do the most you can consistently each day which is probably much less than you think. Drive for dollars or walk for dollars is what I like to do. Find houses needing work or have long grass in yards or if you want small multifamily look for places that have 2 gas meters or electric meters. write down addresses, look up owners and try to contact one of them every day. While doing that read the book how to win friends and influence people and use those principles when you get someone on the phone or meet them face-to-face. You will be surprised how the opportunities flow I believe especially because it only has to work a couple times

Thank you for the advice Jared. I live in an expensive market as I've stated, so finding a distressed property here may be difficult. Even if you find one and fixed it up, it still may not yield a positive cash flow. That's why I'm planning to invest out of state, perhaps, more passively since I have a full-time job, but will transition into investing actively as I gain more experience and knowledge.

Hi BiggerPockets Community,

I'm a newbie investor who lives in a very expensive market here in NY and has a full-time job. I've recently bought a SFH turnkey property from out of state last year just to get into the RE game since I've been stuck into analysis paralysis. But lately, I've been thinking that I wanted to do more than just investing on TK properties and had recently set a goal to acquire at least 2 cash flowing properties each year. The only problem is that I'm not so sure how's I'm going to do that or what to do next. You see, I'm a very disciplined and persistent person. If I could only get a clear idea of what to do next or what I should be doing now, I know that I will stick to it until I get my desired result, as long as I know that what I'm doing is bringing me a little closer to where I'd like to be in the future, which is financial freedom just like everybody else. I'm open to the idea of both active and passive investing, I just really need some guidance.

Would you care to share some of your knowledge or experiences when you were just starting out, and was probably on the same boat as I am now? What did you end up doing that made you successful now? What would you suggest that I do next if you were me? Your advice, knowledge and experiences are much appreciated! Thank you so much in advance!

Hi BiggerPockets Community,

I'm a newbie investor who lives in a very expensive market here in NY and has a full-time job. I've recently bought a SFH turnkey property from out of state last year just to get into the RE game since I've been stuck into analysis paralysis. But lately, I've been thinking that I wanted to do more than just investing on TK properties and had recently set a goal to acquire at least 2 cash flowing properties each year. The only problem is that I'm not so sure how's I'm going to do that or what to do next. You see, I'm a very disciplined and persistent person. If I could only get a clear idea of what to do next or what I should be doing now, I know that I will stick to it until I get my desired result, as long as I know that what I'm doing is bringing me a little closer to where I'd like to be in the future, which is financial freedom just like everybody else. I'm open to the idea of both active and passive investing, I just really need some guidance.

 Would you care to share some of your knowledge or experiences when you were just starting out, and was probably on the same boat as I am now? What did you end up doing that made you successful now? What would you suggest that I do next if you were me? Your advice, knowledge and experiences are much appreciated! Thank you so much in advance!

Hi all,

I'm looking for a good landlord attorney in Cleveland Ohio, (more specifically at Maple Heights) who specializes in evictions. Does anybody have any recommendations? Thanks!

Hey BP community. I’m looking for some suggestions and advice in regards to what’s the best course action to take when the tenant is not paying and responding to you. I know eviction is one option, but I was looking for other alternatives such as Cash for Keys…

I bought my first turkey property from out of state 5 months ago and it was already tenant occupied. The tenant was always late on her payments but was at least still trying to pay. Then, my property manager told me that the tenant decided to just refuse to pay anymore for this month so the he went ahead and filed for an eviction.

I was actually trying to avoid the eviction route because I’m not sure how long it’s all going to take from waiting for the court to give us a date to getting the property rent-ready again, and plus, eviction may cost me a lot more money. So, I was thinking cash for keys and I told my PM about it, but he told me that the tenant isn’t answering them when they called her phone or even by going to the property and knocking on the door.

Is there any property manager or out of state investor out there that could give me suggestions or advice on how I should go about handling this situation? Did you do a different approach other than eviction or cash for keys? Thanks a lot in advance!

Originally posted by @Marc Rice:

Cash for keys is usually easiest if you have open communication. I would agree with what the others said above, post the 3 day notice with an option for cash for keys. If they don't get back to you within a few days then file the eviction process which could take 3-5 weeks in most areas (slower due to holidays probably)

Unfortunately, the tenant isn’t answering so I guess cash for keys isn’t an option. The PM told me that their lawyer already filed for the eviction

Originally posted by @Adam Walter:

When I drop off my 3 day notice, I give the tenant 3 options  1. Pay Rent. 2. Move by a certain date and collect $. 3. Do nothing and have sheriff place belongings on the curb. I rented low income apartments and probably only evicted around 20% of the time.

The letter gives them reason to call you or pick up the phone. I reach out to the tenant a day after I dropped it off the notice to allow them to cool off and make a decision. 

I think my PM  alreadt sent the notice 2-3 weeks ago and the tenant still hasn’t responded since then. What do you suggest I do at this point? The 3rd option where you get a sheriff involved, that’s possible?

Originally posted by @David Terbeek:

Cash for keys can be an option but it is near impossible if the resident is not responsive.  Either way, having the eviction filed is a must for leverage.  And, it is a good backup if they do not agree to CFK or if you get to the date of the CFK and they don't follow through.  You would not want to start the eviction at that late date after you waited for the CFK to process.

I agree, that’s a good point

Hi community,

I'm debating between eviction or cash for keys to get a tenant out of a property. I've bought my first turnkey property in Maple Heights, Ohio back in July that has a tenant in it already. The tenant had been paying rent late ever since then and we had to keep filing for a 3 day notice. Eventually, she caught up and was current on her rent last month, so I thought I'll probably just tolerate her late payments as long as she does pay. But this month my PM told me that the tenant just decided to stop paying at all and wasn't responding back to them. 

The PM told me they already filed for an eviction and was just waiting for the hearing. I actually didn't want to choose the eviction option, because I'm not sure how long I'll need to wait until the court gives us a date AND eviction by itself can be costly. So I was thinking of other alternatives such as Cash for Keys. Although, my PM manager told me that their lawyer doesn't recommend this option and that eviction was my only option, (I believe it's because the PM has never done cash for keys before that's why they don't recommend it) But I still insisted on choosing cash for keys. The PM emailed me back earlier and told me that I can choose the cash for keys but the tenant isn't answering the phone and doesn't answer the door when they went there.

What do you guys think? Is Cash for Keys the best option for this if I want to save some time and money? And if so, how would I choose this option if the tenant isn't answering us? Do you think it's better to just evict and wait for who knows how long? Are there any other better alternatives than these two options? It also crossed my mind if I should try to look for another PM or attorney who does cash for keys or something else better than eviction. Thank you in advance for any advice and suggestions!

Hi, everyone. I currently have a SFH under contract located at Dana Rochester NY. Does anyone know any good inspectors around the area and what's the typical inspection fees in that area? Thanks!