All Forum Posts by: Michael Dombrowski

Thanks for the quick replay Joel. I am trying to determine when he is considered active duty. He is about to go through basic training. That hardly seems like active duty to me.

Tenant wants out of his lease due to SCRA. he states that he is active duty and will give me his orders this up coming Thursday. He just joined the military. How is he considered active duty? He didnt even go through basic yet.

Anyone familar with this law?

Hey gang,

I am in a predicament. I have a tenant whom singed an 18 month lease and due to circumstances he could not control, he had no choice but to join the armed services to help provide strong healthcare for cheap for his growing family. He is trying to give his notice and used the buzz phrase SCRA AKA Service Members Civil Relief Act. He is leaving for basic in September, but is trying to use the basic training as full time deployment which I dont by. I have agreed to help them out and try to find a new quality tenant for that location. They have also agreed to personally show the property to applicants to help me out and that gives them incentive to make this a smooth transition. I told them that I fully expect them to cover rent for any extended period of time that the house is not rented out. I will not rent out to just anyone until I find a quality tenant. He needs out September 1st, but I need them to cover rent until we someone in there. Is that too much to ask or will the military protect him from his obligations?

Now on the screening process. I had a person contact me and ask if I accept rent assistance. How do I respond to that without getting in trouble? I'd prefer to accept someone whom does not have rent assistance and I know that I will find someone that is more stable to move in, but I am unsure how to respond to that. I told this person that I am unfamiliar with rent assistance and would need to look into it. Thoughts?

The property is in a middle income neighborhood. Not sure why someone whom needs rent assistance would be willing to pay rent at what I want?

Thanks for the advice guys. I didnt know private lenders preferred short term loans. It makes all the sense in the world as to why.

I have been Google-ing private lenders in the Milwaukee Wisconsin area and I cannot find any. Do these type of lenders operate out of offices?

Are any lenders willing to lend for 30 years? Or are they balloon payments of all interest till I find conventional financing?

Thanks

We are prepared for eventual moveouts. One of the tenants is a hoarder and we want in regardless because of the potential fix it needs.

What is a good reason to raise the rent on a tenant that a tenant would understand?

My mother inherited a four family rental unit and it is about $100.00 under market rent. Other four families in the neighborhood are $650.00 and my mothers is $550.00 due to old ownership. Rent has no increased in years.

We even added Central Air units, updated electrical in which other comparable in the area do not have.

Our current tenants are obviously low income or gov subsidized. Any increase will affect them differently. I propose to my mother to increase it $15.00 or $20.00 each year until she is near or just below market value.

What are some good reasons to raise rent that tenants wont get upset about?

Taxes, inflation, etc....

I am assuming that tenants do not know that Inflation has not effected the US economy recently and that property taxes here in Wisconsin are going to go down due to Scott Walker and his pro business stance.

Thoughts.

Thanks Shane. That makes sense. Thanks for the easy to understand explanation. Cheers

What is the meaning of birddogs?

Thanks Taylor,

That was really helpful. I was thinking of the same strategy.