All Forum Posts by: Christian S.

Would you be interested in collaborating on this? I have 4 listings and am expanding into cohosting before investing in new units. I have a start on a company manual for training the VA. If anything it would be interesting to connect on the process as we both work through it. I'll shoot you a DM.

Your site looks like mine is it from Hostaway?? I have a meeting Monday or Tuesday with a web developer but I think I'll end up using a template. Would love to collaborate since we are working on the same thing. I'll shoot you a DM.

I live on my rental property and have an inherited tenant that escaped eviction through covid. He's been paying rent, but usually late. 

He is currently late on February rent as of the 20th, but hasn't answered his phone, or even been home since the middle of January.

Covid restrictions protect tenants who cannot pay because of specific reasons, but I believe this situation doesn't protect him. The regulations are a complicated web I'm having trouble understanding. I'd appreciate any advice or guidance! I'd also love to hire someone to handle the complicated parts of this situation if I can justify the expense.

In Tacoma you'll have to include a tenant information packet with your lease. You will want to consider these City regulations when crafting your lease. You can use mine, feel free to DM me, but I am a rookie property manager myself. It will give you a fine starting point though.

Tacoma landlord resources: https://www.cityoftacoma.org/government/city_departments/equity_and_human_rights/rental_housing_code/landlord_resources

Kind regards,

Shope

Hello Bigger Pockets Tacoma Community!

I want to find deals for you! I have five years of experience as a City Planner for Pierce County and Gig Harbor. I also own a triplex purchased in 2017 in Central Tacoma, my first investment, that cashflows over $1500 a month and more after my next round of renovations. 

As I prepared to invest in real estate I dove deep into the practice and art of searching for deals. Because of my background in local land-use regulations, I'm able to find opportunities that are hard for others to find. 

I'm tempted to jump into the world of wholesaling, however, I recognize that it would be better to work with someone who's been in this business for a while. 

Are you an experienced investor looking for a specific kind of opportunity? I'm an expert in Pierce County ZONING, LAND DIVISIONS, ALLOWED USES, and all things land use. I also have a keen eye for finding extra units, bedrooms/bathrooms, or a higher and better use for a property. Looking for a property for a specific purpose? Want to buy a flip and with a "free" extra building lot? Looking for a good property for a 4 plex or maybe storage units? Get in touch, let's get coffee and talk possibilities.

Feel free to text or call me if you're in the area.

One of my rental units has a huge laundry room and an adjacent pantry. I want to move the washer/dryer to a stackable unit in the pantry to create a new bedroom. I would lose the extra utility space for laundry and stuff, but add a new bedroom with its own slider door. I'd also do flooring, and move a water heater.

I looked at rentometer. 2 bedrooms average 13-1400, 3 bdrms avg 1700, but most of the higher rent 3 bedrooms have 2 baths, mine has 1. There are also only 14 2 bedrooms versus 42 3 bedrooms near me. So there might actually be a benefit to keeping it as a 2 bedroom.

I really like the idea of adding the bedroom, I'm attached to the idea which is why I'm asking you all if it might not be worth it. I'm already raising the rent from $1000 renting so earning $700 more instead of $400 per month would be sweet.

What would you do?

The 3-unit property will still cash flow while I'm doing this work. TIA, I appreciate your input! 

@Marc Winter Haha! and thank you. I may not get the back rent, but I think I'll still try to get the value from some work trade. My other tenants have a first, last, and deposit. I screened them, and they are good tenants. Almost had to evict the other inherited tenant.

My tenant has a history of being behind and I have not been able to remove him from the property yet. I should raise rents from $1000 to $1400 but I want back rent first. Last winter to catch up on rent he did a bathroom remodel for me at a great rate. He is currently behind by $1200 again, with 1k more due next week. I haven't lived in the area lately and admittedly have been doing a poor job at managing from a distance.

I now know to issue a pay or vacate immediately on late payment, -but how do I get a tenant to pay me back when he is already behind?

It is tricky because I feel like he has an edge on me without any kind of deposit/last month rent.

I am considering some kind of agreement with him working in his unit for a set time, at the end of which rent goes up. The advantage being the unit is rented while the work gets done, he catches up on back rent, and he possibly earns money for finding a new place.

I don't have a means of issuing letters while I'm away from town so we've been texting. How should I document the late rent?

Go easy ya'all, I know I'm making lots of mistakes here, I went from renter to managing three units and I just haven't been able to handle this one wildcard.