All Forum Posts by: Mike Franco

some examples of Just Causes for eviction:

• Failure to pay rent
• Continued violation of a part of the lease
• Doing significant damage to the property
• Using the building for illegal purposes
• If the landlord wants to move into the property. In this case, or in other "no fault" eviction cases, the tenant is due one month's rent as a relocation assistance payment.

so the best way is to jack up the rent, and if they can't pay, they're gone. 

Also, this tenant would be super easy for me to evict since I have a no smoking clause in my contract.

are there only low quality tenants in VA?

do they not care about having an eviction record and risk not being able to rent prime properties for the rest of their life?

for those that run a rental charity, are you exempt from income taxes?

would be great if someone could point me in the right direction to not pay income tax on rent.

it's funny people mentioning monetary loss due to vacancy.

$400 in vacancy? LOL

rip off the bandaid.

ozone nuke the place, scrub, repair and repaint, and hike the rent to the sky.

You're not a charity. Hopefully you're not a slumlord either.

Looks like I'll be hiking rent bigly in a few months when the lease is up.

How's renter demand in your area? Still high, even with rent hikes?

The math still works out. I might lose $600 vacancy, but net $2000 extra on the year after hiking rent.

Thanks for the insight guys. The numbers sound good.

Since you can pick and choose your clients, if I were paid the fee of 10 homes for the work of 50 homes, I would just decline that contract.

With all the complaints about property managers and mgmt companies, you'd think it were a job that can't be easily done competently.

As a landlord myself, I know what it takes to manage my own properties, and barely spend any time on it. 

I was thinking about branching out and managing other properties.

Does anyone have any idea how many properties one person could manage before it gets overwhelming? 

wear layer doesn't matter if the planks separate at the seams. 

I want something 99% maintenance free.  

separating seams sound like a huge headache.

https://www.biggerpockets.com/forums/84/topics/704056-vinyl-plank-flooring-is-separating

 funny, lifeproof is exactly the stuff that I've seen complaints about splitting seams

... except ceramic or porcelain tile.

I've been researching what to replace the remaining bedroom carpet with, and I've been looking for an alternative to labor-intensive ceramic tile.

This property has a concrete slab.

The most common complaints I have seen for luxury vinyl plank are splitting seams. Split seams trap dirt. 

So you have 2 problems with vinyl plank... lighter colors hide scratches, but if you have a split seam, the gap and dirt are very noticeable.

If you have vinyl plank, especially the solid core vinyl planks, in your rentals.... how have they held up over the years ??