All Forum Posts by: Christopher Freeman

 They rented together. The offending tenant was on a joint several lease with a different roommate who left. We assisted in the procurement of the new tenant, but put them on a joint lease.

We do rent by the room in most of our other apartments -- those are individual leases and we would consider this a violation of quiet enjoyment and serve a comply or quit if it were one of those units.

Hi all,

Bit of a sticky situation at one of my rentals currently. I just received a phone call from a tenant who rents a two bedroom apartment from us with another male tenant. He was calling to report that he has repeatedly found his roommate watching adult videos on the TV in their shared living room, and more recently walked in on him in a similar state in their shared kitchen.

I'm unsure of how to approach this one. These tenants are on a joint several lease, and it's not obvious whether joint tenants can violate each other's legal right to quiet enjoyment given the unified nature of their rights and responsibilities. 

Should I be getting involved in this at all, or just let them figure it out on their own?

The tenant who called indicated that he would like to move out. They are TAW, so theoretically he can, although the remaining tenant cannot afford the rent on his own. So, if we don't find a resolution, it could lead to some headache and complexity.

Thoughts?

Hello,

We have a tenant who has on two occasions sent suicide related text messages to our local police department, causing them to dispatch to the property, which is a 6 unit. The police on both occasions have knocked at the wrong apartment and freaked out the girls who are living there.

I'm not sure how I should be responding to this as the landlord. Obviously I hope my tenant is okay and want him to get help, but I'm not sure where the legal lines are in terms of my involvement in this. 

He is renting just a room in an apartment which he shares with 2 other tenants who were there before him. I need to make sure that their needs are being looked after as well.

I know he has fair housing rights relating to mental illness, but does that prevent me from discussing the situation with him or with his mother (who co-signed his lease). What would be an appropriate scope for that conversation if it does happen?

Thank you in advance...

We received a message from a tenant who lives in a shared apartment letting us know that their roommate used a racial slur and that it made them uncomfortable. The slur was not directed at them, I believe it was simply overheard (although I was not able to make out full context from the message).

This building is rented by the room and our renters don't always get to choose their roommates, so we do feel like we have a slightly higher responsibility to help mediate interpersonal issues. Having said that, I'm not really sure what my role should be in a situation like this. On the one hand, I find such language extremely distasteful and can understand why someone wouldn't want to hear it in their living space. On the other, individuals have a right to free speech even if it is offensive, and there is nothing under the law or our lease which limits this.

I'm curious how others would respond to this message, if at all.

 I wonder if one could loan their own rehab funds as a second lien note and have that discharged with the first lien.

Just to clarify, I own the management company for the purpose of self managing my own rentals. Separates out ownership and operations.

However, we ended up going the nominee route described by Sunny.
 

Hi all,

I am currently working in the supply chain industry as an analyst for a major US corporation, but I am interested in moving into an analytics role in the real estate sector.

I want to showcase that I am competently performing in this sector using my own money, and that therefore I can be entrusted in the role based on track record.

I don't want to send the message that I'm too busy to do my day job, or that I don't really need the money and therefore can be lowballed on salary.

Here's a draft of that section of the resume (formatting is better in word)

Parabola, LLC, Belltower Holdings, LLC & Other Affiliates, Keene, NH January 2018-Present

Founding Investor, Executive Manager

• Identify acquisition opportunities, perform financial analysis (IRR, NPV, DSCR, GRM, etc) and quantitative risk analysis (Monte Carlo Simulation)
• Grew an initial investment of $6k in one single family home into a sixteen-unit rental portfolio worth $1.65M over the course of 55 months.
• Developed the InvestMyHouse.com brand for marketing seller financed acquisitions.
• Perform and/or delegate legal, financial, and structural due diligence during an acquisition.
• Lead all financial, legal, operational, and strategic decision making.
• Prepare and maintain company financial statements and tax filings.

Any thoughts or suggestions on how to approach this?

In case anyone else runs into this, our solution is to give my management company a percentage lease (100%) on the section 8 unit and allow it to sublet to the section 8 tenant. This way the housing authority can cut a check to a single entity, that entity can claim the 1099 income, but can also claim a full offset of the income from rent expense. The rent paid by our management company will be self reported using the correct allocation based on ownership interest.