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All Forum Posts by: Account Closed

Account Closed has started 3 posts and replied 20 times.

Post: What has real estate investing done for YOU?

Account ClosedPosted
  • Winnipeg, Manitoba
  • Posts 21
  • Votes 1
I just started out and am glad to have more freedom. As a graduate with a 6-figure student loan, investing made it possible for me to take control and tackle that down. Ever since then, I'm glad to be going into this lifestyle not only because of financial freedom but I'm able to give more financially for my family and the community I'm in.

Post: My first flip at 26, a woman, ZERO construction skills.

Account ClosedPosted
  • Winnipeg, Manitoba
  • Posts 21
  • Votes 1

That's a nice first-time flip!

Post: Would you buy an 8 unit with a sex offender as a tenant?

Account ClosedPosted
  • Winnipeg, Manitoba
  • Posts 21
  • Votes 1

With my current job position as a Clinical Coordinator, I can see and understand this is quite uncomfortable living with or near a sex offender. I've seen some improved. Depending on the individual, some may have support workers and some don't.

Post: What to do with a tenant who was just jumped and robbed?

Account ClosedPosted
  • Winnipeg, Manitoba
  • Posts 21
  • Votes 1

I appreciate everyone sharing their experience and perspectives on this. This really helps me see my situation in different angles. It helps me be able to deal and provide solutions for the next potential tenant on how I can ensure the safety of my tenants without getting too involved personally with them.

Post: What to do with a tenant who was just jumped and robbed?

Account ClosedPosted
  • Winnipeg, Manitoba
  • Posts 21
  • Votes 1
Originally posted by @Marcia Maynard:
Originally posted by @Account Closed:
I was just informed by my property manager that my tenant was just jumped and robbed. As of now, I don't know who this person who jumped and robbed my tenant came from. Do you have any tips or advice on how I deal with this situation?

Many assumptions are being made in this thread because of a couple of points that need clarification.

1. Where did the incident occur? Did the incident occur on your property or in the neighborhood? Is there a real and present danger? Was a police report filed?

2. Did the tenant pay rent on time? Did this incident affect their ability to comply with the terms of the rental agreement? Or did the PM just mention it to you in passing?

3. Is the tenant asking for anything from the PM or from you the owner?

4. Do you care about the health and well being of your tenants? Good business sometimes means taking an interest in what tenants are experiencing. Does your company send condolence cards and get-well cards when serious life events occur for tenants - some landlords do and some landlords don't - we do. It is a small gesture, but can be quite meaningful to tenants.

1. The incident occurred on the property. A police report was not filed because the tenant couldn't identify the person who jumped him.

2. I never had problems with the tenant. He pays his rent on time. The tenant has a kid. Due to the safety for his kid, I understand that as a father, they want their kid to be safe at home.

3. As I have mentioned, he has a kid and requested to close the lease. So, I did.

4. Of course, I care about the health and well-being of the tenants. I do sympathize what happened. In fact, I met him in person to check up on him.

Hope this clears things up for you. :-)

Post: What to do with a tenant who was just jumped and robbed?

Account ClosedPosted
  • Winnipeg, Manitoba
  • Posts 21
  • Votes 1
Originally posted by @Marcia Maynard:

I agree with @Jarrett Harris. We would confirm the validity of what happened. If a police report was filed, we would allow some flexibility by not charging the late fee if the rent was late that month. We would also confirm that the tenant would be able to maintain on-time payments for future rent. If he was injured, we would send a get-well card. Curious as to how the property manager is dealing with the situation, other than informing you of the incident. Did the property manager say anything to you about the rent being paid or not? If not, why are you learning about this so late in the month?

Actually, I didn't learn this just late. I was just informed on the day of.

Post: What to do with a tenant who was just jumped and robbed?

Account ClosedPosted
  • Winnipeg, Manitoba
  • Posts 21
  • Votes 1
Originally posted by @Tyrone Jackson:

This brings up a good question to me. Can a landlord be required to let a tenant break their lease if the property becomes too dangerous for the tenant? 

Good question. But I'm not quite convinced that I would allow this to be a pattern but again, if the tenant is concerned for his or her safety, that would be something to think about.

Post: What to do with a tenant who was just jumped and robbed?

Account ClosedPosted
  • Winnipeg, Manitoba
  • Posts 21
  • Votes 1
My property manager confirmed he was actually beaten up and left with concussions. I appreciate all feedback and comments here. It really helps what to do in this situation. I was just not sure how much most of us would usually handle this. Honestly, my first thought concern was the possibility of this affecting the rent. That's why I just wanted to check up on here if others. Although this is not to neglect the safety of the tenant.

Post: What to do with a tenant who was just jumped and robbed?

Account ClosedPosted
  • Winnipeg, Manitoba
  • Posts 21
  • Votes 1
I was just informed by my property manager that my tenant was just jumped and robbed. As of now, I don't know who this person who jumped and robbed my tenant came from. Do you have any tips or advice on how I deal with this situation?

Post: Renting out to Residential Care Licensing

Account ClosedPosted
  • Winnipeg, Manitoba
  • Posts 21
  • Votes 1

Has anyone have experience renting out to care providers? The way I see it, it seems to be good for long term, given that the care provider is committed to woeking with participants from agencies.

I'd be happy to know and would like to gain perspective on this.