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All Forum Posts by: Michael Jones

Michael Jones has started 3 posts and replied 189 times.

I would just respond with a kind note stating that you will add these to the walk through inspection to ensure that it can not affect their damage deposit. I would not mention anything about repairs in the reply just that it has been added and I would send them a copy of the updated walk through.

At least this will challenge them to ask specifically for it to be repaired. They may not respond.

On another note, as a property owner I would be very diligent about windows sticking. If there was a fire and someone could not open a window and they died.......well you get it from a life standpoint as well as a lawyer licking hos/her chops for that one.

Post: Problems with tenants dog and neighbors

Michael JonesPosted
  • Investor
  • Louisville, KY
  • Posts 199
  • Votes 252

Amend the lease to include that all dogs must be on a leash if outdoors. Any notice of the dog being off the leash is a leash violation and requires a fix or quit letter. The second violation in a six month period is an eviction.

You are getting off cheap with just a warning so do not mess with fate. The next call could easily be that the dog jumped the fence and one of the children were startled and fell off the pool deck and now has a concussion and possible fractured neck. How much insurance coverage do you have and does your policy even cover a dog large enough to jump a six foot fence?

Get the dog under control by requiring a leash at all times when out doors,  get the dog off your property or take the risk on a lawsuit that you may not be covered for.

Your choice.

Post: How long do you hold a property for an approved tenant?

Michael JonesPosted
  • Investor
  • Louisville, KY
  • Posts 199
  • Votes 252

I do not take deposits. If you apply and are approved we agree upon a date usually within 48 hours and we sign the lease. The tenant must have the full damage deposit and full rent at the beginning of the lease signing. Any delay and I move on to the next applicant.

Post: How do you price an in-law suite rental?

Michael JonesPosted
  • Investor
  • Louisville, KY
  • Posts 199
  • Votes 252

If it is going to contain the in laws.......$10,000,000 per month.

If not the in laws and normal tenants i would go with fair market value for the same size apartment in the area. 

Post: What do you look for when inheriting a tenant

Michael JonesPosted
  • Investor
  • Louisville, KY
  • Posts 199
  • Votes 252

Meth labs.

I agree with the posters above. Just get them out now. No reason to fight a battle with them twice of raising the rent, dealing with things like junk cars and occupancy code violations and then if you are successful in these areas turn right around and ask them to move? Id just cut bait now.

Do not sign a new lease, just give them the proper notice in your state to move out, most states are 30 days. They may not move and you may have to evict but so be it. Do not get close to them or listen to their sob stories or it will just be harder to accomplish.

You do not have to give a reason when terminating a lease, but if you feel you must I would simply stick with the home is going to be rehabbed completely and the owners family will be moving in.

Post: Clark County Indiana evictions. Need answer.

Michael JonesPosted
  • Investor
  • Louisville, KY
  • Posts 199
  • Votes 252
I have just filed an eviction with the clerks office and have a court date in June. I am confident that my tenant will lose and be told they have to move. However, I have a feeling this tenant is going to stay put until I have to get the sheriff to remove the tenant. My question is this: Does the law in Clark county allow to put the property by the curb or does it require that I store any property and give the appropriate notification to the tenants forwarding address? I have researched online but this answer seems very vague. Thanks Mike

Post: I wish I would have put that on the lease...

Michael JonesPosted
  • Investor
  • Louisville, KY
  • Posts 199
  • Votes 252

I put in all leases that any safety issues or maintenance issues must be reported immediately. This is protection against a lawsuit for being negligent. 

Post: New landlord of an 8-plex

Michael JonesPosted
  • Investor
  • Louisville, KY
  • Posts 199
  • Votes 252

When i bought my first apartment and was handed the existing leases I knew I had some work to do when they were only one page long. 

Rather than pay a hefty lawyer fee i drove around on a Saturday to several of the larger and newer complexes and inquired about renting an apartment. The managers were more than happy to show me a unit, tell me what their screening criteria was and hand me a copy of their lease for me to look over. 

Once i had several leases in my hands i just sat down and started with the lengthiest one and went through the others and highlighted any item that the other leases didn't have in the first one. 

I then typed up a lease that covered everything possible in all of the leases and ended up with an eight page lease. It was a lot of work but the education I received has been more valuable than the money I saved.

And now when a tenant calls with a question about something there are so many times I can refer them back to the section of their lease that covers this issue. 

Post: Tenant wants to add an additional 220 outlet?

Michael JonesPosted
  • Investor
  • Louisville, KY
  • Posts 199
  • Votes 252

I work for a coffee company and we roast daily.

Outside of all of the insurance issues, coding issues, running a business issues etc.......have you ever smelled coffee being roasted? it is not the same as smelling a fresh ground cup of joe that is served at the local coffee shop. The stuff has a distinct smell that is not going to be pleasant to the other tenants and neighbors and you will have pollution control or code enforcement knocking on the door.

Coffee is actually a drug and in this case "just say no"