All Forum Posts by: Corey Meyer

Hi,

I have been taking payment from tenants via venmo to my personal account. Recently I moved my rental properties into LLCs and opened business bank accounts that correspond to the properties. My legal advisor is advising I have tenants pay to the LLC. Is there a way I can keep using venmo as it works for my tenants and I. Or is there a different system I should implement?

Thanks,

Corey

In our lease agreement, tenant agrees to keep premise clean, safe and in a habitable condition.  Neither tenant or their invitees shall be a nuisance or act in any matter that would interfere with the quiet enjoyment of adjacent tenants or property owners.  This prohibition includes but is not limited to, loud noises, loud music, noxious or unpleasant orders and disruptive behavior or actions. 

The tenant has now had a track record of having disruptive behavior/actions more than once to neighboring tenants in the same building and made them feel so unsafe they called the police.  

How quickly can I give notice to tenant that they must leave?  Do I need to give them a 30-days notice if they have a violation of our contract?  I will need to read up on Montana law for this, but my assumption is I don't need to give 30-days notice if the tenant breeched the contract making it void due to their breaking the agreement by interfering with the quiet enjoyment of neighboring tenants/ property owners. 

Thanks,

Corey 

My wife and I are under contract for a great deal with a cash offer on a single family residence.  We are getting it at about 50% of the going rate of price/per square feet in the neighborhood.  The house is livable and was under contract previously with a buyer who had conventional financing.  However inspection didn't pass for bank financing and the sellers chose a lower cash offer from my wife and I.  

my wife and I also own a property on the same block and with our purchase price that it will be seen as damaging to comps.  So the seller wants to change the mls from residential sale to land sale.  Since we are buying in cash it doesnt affect our purchase at all.  We are just wondering if there are any issues that might come up that we aren't aware of before we give the green light. 

Corey