All Forum Posts by: Derek Jundt

I also prefer the old calculator, glad they still gave us that option.

Hey @Steve Shaw, I went through a similar situation just weeks ago. I bought a fully occupied duplex and needed to move into one of the units since I got an owner-occupied loan and both tenants had several months left on their lease. I offered a free months rent if they agreed to move out of the unit in 60 days. It was an initial shock to the tenant but they eventually agreed to the terms and that's what worked for me. It was a win-win situation. 

@Nik Corbaxhi, Thank you for the advice! 

@Cassi Justiz, thank you for the advice! I have edited my post,
her current lease is mo to mo pending the property sale 

Hello! I will be closing on my first investment property (househack) in 2 weeks and I am looking for advice on raising rents on the inherited tenant on the other side of my duplex. Her rent is $1,000/mo and current market rents in the area suggest I could be getting $1,200-$1,300. She has lived in the unit for 9+ years and haven't had a rent raise in years (She has been signing 2 yr leases). I would like to raise her rent so that the numbers better work for my househack and I can live for free. (Her lease is currently mo to mo pending property sale). I was thinking about offering her $1,100/mo. This is still a good deal to her and an easy tenant and transition for me. I'd like to raise her rent but keep her in the property as an easy tenant to manage. If she doesn't agree I could then clean up the unit and advertise it for $1,250/mo. Any advice on how I should handle this? Thanks! 

So I am running my numbers on a duplex through the Rental Property Calculator and just had a few questions. After watching Brandon’s webinar last night on the Rental Calculator he used 5% as the vacancy cost. Since I will be owner-occupying would I be able to adjust my vacancy numbers to 2.5% since I will only need to factor in the cost of 1 unit in the duplex possibly being vacant? I know that the rule of thumb is to run the numbers as if you were renting both units but for the first 12 months or so I could adjust my calculations? Any other calculation adjustments if I will be house hacking? Thanks!