All Forum Posts by: David T

@Jesse M. hi Jesse, quick question about your turbo evict process. Did you have to appear in court or did turbo evict appear for you? what county was your eviction? thanks 

Screwed, I got screwed. I couldn't find a way out and am now paying $2600/ year for flood insurance for 1 house in an area that will never flood. I've learned to steer clear of these in the future. I own 3 rentals (2 of which are in this flood zone) and am using all of the cashflow to try to pay off the lower balance one in the flood zone so that I can drop the insurance.  I considered just selling it, but I see the potential for it to continue going up in value the next few years due to a few changes in the area. I am just holding on for now, but the flood insurance is really eating away at my cashflow. 

I can make it.

Thanks Mark. I will be there. 

i'll be there

It's my sister's birthday so I don't think I'll be able to make it. Mark me down as a "No" and as the time gets closer, if I can make it and we have room, then i'll join. 

It depends what you are buying it for. If you are buying for cash-flow or as a long term rental, then I don't think it makes sense. Putting a large down payment to make it cash flow or break even is not a good idea in my eyes. I like to look at properties and how they cash flow with only 20% down as that is the most that is typically required for an investment property in my area. If you think this property will appreciate in price in the near future and are looking to unload it, then it may not be too bad depending on what YOU think is worth paying per month. If it were me, I would not buy it as I look for long term buy and hold investments rather than appreciation in a few years. 

all good advice, thank you! i agree that they may stay a while which is the ultimate goal here. I think what bothers me most is that I wasn't notified or asked. But, I can get over it. i think i will reach out and remind them that it is MY house and any changes to the original lease agreement must be approved.

I rented out a house a few months ago and the tenants put on the application that they had 3 kids.  Now there are 5 kids standing out for the school bus.  Apparently the husband now has custody of 2 kids of his from a previous marriage. What should I do? Obviously the town has to pay more for the kids in school, but what negative effects does this pose for me? So far they have paid every month on time so there are no issues there. Should I raise the rent for extra wear and tear? Ask them to move out since there are 2 more kids then what is on the lease? Or should I just leave everything as is since they are paying? 

Be careful with their "promise". i work at an autobody shop and we had somebody from yodel call to offer their services. They started by saying "do you guys have any time for more work because we have a few jobs that we would like to schedule right now." After listening to their spiel I realized their opening line was BS. I asked a few questions about their service and how it works and the guy was not able to tell me and he really didn't know. It was very expensive and at the end of the call when I told him I wasn't interested, he said he really didn't appreciate me wasting his time. i laughed because he called me! look it up online, there are plenty of postings and websites discussing it with the word "scam'' next to it.