All Forum Posts by: Cheryl Daniels

Thanks. I would...but its two units and I spent money repairing water damage among other things after I purchased it a little under a year ago.

 Thanks you Dirk. The utilities that I pay are increasing this year (gas, water/sewer and public lighting).  I am considering getting submeters to determine how much each unit uses. However, I don't know enough about submeters.  Okay, I am looking at how that would break down. Thanks again.

 There were two. One just vacated. 100 would bring it close to market. Raising the rent incrementally is the way Ill go. The new tenants will be at market. Thx!

@Merry Briotta Thanks good idea! I considered Craig's list but I don't think that's a good idea.

 Thx. Melissa. Ill stagger the increase in increments of 50. The other unit is vacate now. Ill rent at market rate. 

Hi! I inherited tenants paying 600. For an 800 sq ft 1 bed apartment in an ok area of Philadelphia.  I pay water/sewer, trash, public lighting, and gas. I kept that rate for 10 months  Its renewal time. I lost 9 grand on the apartment according to my accountant because its rented below market value. Can I go up 100?

 Thank you. I learned from this experience. Tenant screening is essential!

Thank you Jerry. I learned from the experience...If you want to be in this business you cannot sleep on the job.

Thank you, Matthew Paul :)

They turned in the keys. I sent a text message to tenant's phone in official language (PA Act 124) and I received a disparaging text from their phone number. I then sent a notice to an address on the application because they left no forwarding address. The notice asks them  to contact me within ten days to let me know their intentions and to get their items within ten days.  Additionally, I sent a another text message. I received no response after the letter or second text. It's  been three weeks since the tenants' move. How long do I keep these items.

I need to prepare the unit for the next tenant.  I could store the items in the basement but...the door is too narrow to get the furniture through the opening.  Maybe I could move the items into storage. But how would I collect storage fees given that they left no forwarding address???  Any thoughts?