All Forum Posts by: David K.

Absolutely, no exceptions. 

Ick! Sorry to hear this headache, let me know how it turns out. If you convert back to SFR does refinancing become an option, and if so, what does the checkbook think of that idea?

Month to month is your best option. Charge a 10% rent premium to be month to month after their lease expires and REQUIRE a full 60-days notice of departure. 

You're correct, being vacant in January is not ideal...alternatively in this market, we noticed very little downturn in January in Atlanta. At least I didn't. Not ideal, does not mean a death sentence.

Give them their flexibility option, while protecting yourself and your interests. 

Dang, I don't think I can make this one, I'm in another part of the city tomorrow. Do these happen regularly?

This is done pretty regularly, the question is how much is okay versus how much is too much. I've seen in upwards of 40% markup.

Managing vendors is a right PITA, and when there are mistakes, emergencies, after hours actions, etc. there should be charges. As far this sort of billing being a new development, I'd check the contract for what that language looks like.

Do it, absolutely do it. There's literally no reason not to.

I second the CE shop. I didn't get my license through there, but I do all of my continuing education there.

There's no incorrect answer, seriously. Find whichever one appeals to you most, and go with that. For everyone investing in real estate there's that moment of having to jump without a safety net. You can mitigate a lot of the risks with good research, but also, you can trap yourself in a forever loop of endless data with no action if you're not careful.

Best to just get in there and learn. Mistakes can't be avoided entirely.

Total General Contractors, ask for David, tell him I send you. He's out of Blue Ridge.

Good Evening Everyone,

Since the CDC is taking over again, I thought I'd focus on a subject where perhaps I can effect some change in my own little world. As the title says, I need a maintenance provider. We manage however many homes on the Northeast side up 400 to Dawsonville. My investors look to me to manage their maintenance costs, and I just cannot get past some of the BS people try to pull off on an invoice.

I wrote this big long thing. It's too out there, I have a lot to say on this subject. 

I'm looking for a few who want to grow with a growing PM. I see ladies trying to break into GC and contracting. I have three daughters, you're awesome. Does anyone want to try their hand at SFH maintenance? I have $50K+ maintenance that someone needs to get. Does anyone want to try to change it up?

Shoot me a PM.

@Ian Linayao

Where is your wife on all of this? If you were my investor I'd advise you to hold a fairly hard line in getting an agreement signed. Language barriers and outbursts don't help anyone, and are definitely a point of control. If your wife can be pressured by her father, and her father is living the "Happy wife, happy life" conundrum you could be in real trouble.

The rental contract should protect everyone including the tenants. I've never read a California Association of Realtors Lease for Residential Property, but I'm quite familiar with Georgia's...both states are a part of the National Assoc. of Realtor, at least I know GA is. In a GAR lease it lays out what happens if the tenant is late, or doesn't pay rent. What happens if there's damage. Who's responsible for what, both tenant and landlord. What will happen if each side breaks the lease, and who get's what, and in what time frame. Bounced checks, dispossessory, the works. It's all there.

If this breakdown in communication is going to be you pointing out that the lease clearly says the tenants are responsible for X, and then people start flipping out the you should really consider moving on.

The most common thing I say on a daily basis "What does the lease say?" It's black and white, and as many issues as you can see that way the better you'll be.

Get them to sign a strict lease setting expectations. If they won't, 60 days notice, and start the party.

Disclaimer: Georgia has been open and reopening from the pandemic for over a year, I have absolutely no idea where Cali is in this whole can't evict thing, and I do know you're about the most tenant friendly state there is. So perhaps you just skip over all my Georgia stuff and I just say that I'm rooting for ya to get something signed. 

Best, man. GL.