All Forum Posts by: Colleen F.

February that 's 8 months he's paid. If it is a 1 year lease and October rent is not paid have that conversation. The suggestion to adjust the due date is a good one if that is the issue but if he doesn't pay on the adjusted date in full I suggest you deliver a pay or quite notice. You can work with him on the date, if you want to lower the rent that's your call but no rent on the due date enforce what is in the lease terms. He may be having a hard time but he is testing you to see what he can push on.

If he needs a loan he has friends, family, and maybe other resources. and if his insurance lapsed well be sympathetic it happens-- we all mess up sometimes but we have to deal with our mistakes. As a landlord you have bills to pay too.

You also have to start thinking if you are going to want to renew him and while it may be early to think about that how many on time months would you want? You only have 3 left if its a one year lease.

@Rob K. I had a good laugh with the is the house tooken. I don't know if that is a regionalism like when people say they are going to red' up the house or just bad grammar but it is a just strikes me as a funny expression.

You do sometimes have to talk back to people somewhat like they talk to you so you are more approachable. I don't think I could mirror tooken with a straight face though..

Don't engage with him on the issue. Keep notes on any communications he makes. Use the broken record technique. These are the damages I deducted. I understand you don't agree but these are the damages. Not responding is hard but sometimes the only way.

This is one I found when I was looking for one but we made ours less warm and fuzzy.http://rentalrealities.com/2011/10/25/introduction-letter-to-existing-tenants/

I did include who we were (no picture), where to send the rent, and projects we were planning for the property since they would impact the tenants. In our case I included my kids in the bio because they were going to be onsite mowing the lawn and such but I don't know if I would have done that if it wasn't the case. I wish we had done an estopel (sp) agreement verifying the lease terms at the time. We found a some sloppiness in the leases that it would have corrected. Anyway, our letter had a digital death or I would post it.

Another thing that can throw a wrench in it is if you and your wife are not on the same page on the definition of livable condition. Living in a rehab can be tough and you should plan accordingly. It can be done but if you gut the kitchen, you will spend money on takeout. You can't live in it without water (although showering at the Y is a possibility) so decommission of the bathroom is a problem. And there are always unforeseen timeline issues like redoing the floors and it takes longer then you plan to dry. Know what you can tolerate in terms of cleanliness and chaos and try not to stretch it. It can strain the best of relationships so I can tell you from experience plan to go to a hotel or stay with friends for a day or two when the house really isn't livable and you see the renovation taking a toll....

The wash in on well? Anyway my parents could not be bothered with testing the well water for drinking and so they hooked it up to the non drinking wash water in the basement to the well. I don't know if you can do that anymore. Definitely ask because I have found mistakes on the seller disclosure before because people don't know how to fill it out. And you would be surprised at how non helpful the listing agent can sometimes be.. Please let us know if you found out what this means.

The students in our single family drop off rent at the property manager usually cash or check but the property manager is about 2 blocks from the house. Some of the tenants at our 5 unit are older and all prefer checks which they want to hand to someone. I am going to have to change that as we won't be at the property much once major projects are done. I don't think they would adjust well to electronics. I asked for an email and half don't have one. erent systems seemed like a good idea to me but it does depend on your tenant population.

My pet peeve is not grammar but failing to leave the number or leaving an unintelligible message.

This is a situation in which you would do well to follow Tom's advise to consult an attorney. A phone call will give you an idea of what this would cost and they usually don't charge for the initial. You could also look at the paperwork for the purchase closing and go back to the lawyer who handled it.

You probably have a simpler situation if it was a single member LLC but the situation could become complicated by a multi-member LLC or any changes in legal status (marriage/divorce) of the member even for a single member LLC. Good Luck

Kevin, Thanks for sharing this hopefully you will weather this setback. Are utilities up and running or will you need to winterize? I gather it was without tenants at the time? After Sandy the town did mitigate the taxes on a flood damaged home and also utility companies removed meters although we had electric and water (no gas) but those properties were not habitable. If you can attend any local meetings on the issuethere are things that don't get in the paper.. of course that might be tricky if the roads are out but I wish you luck. Let us know how you make out with this property.