All Forum Posts by: Ebonique Esprit

@Luke H. It is pretty simple, be honest with yourself. I do not deduct for paint issues because you have to paint the unit anyway. Holes in the wall, deduct the cost to repair it. If your windows are old and are showing corrosion, that bill falls on you. All updating of fixtures falls on you. It’s been 7 years, don’t be cheap. Leaks under cabinet due to them not alerting you, charge them. Door knobs destroyed - it depends. If you are aware that your tile man did not do a good job which lead to split tile due to air bubbles under the tile that’s on you. If they were clumsy and chipped from dropping pots on it all the time. I would keep the whole deposit, they should have bought a mat. Take pictures of the damage. Walk slow, talk slow and point out everything. You made them sign a agreement, read it and follow your rules. If you did not include wording of a expiration date in your agreement then you should not add it on now.

@Eric Allgeier Start to evict immediately! Evictions take time in my state. You have to issue a 30 day notice before you file with the court, it takes around another 30 days to get your court date (60 day no rent on top of how many days it took you to decide) and if you don’t find him it is against the law to enter the unit and remove his personal items without his permission. So you then have to post your intent in the paper for another 30 days plus pay a sheriff fee. The Sheriff will look for him to serve him then stand by and watch as you do all the work. Oh, there is also the cost to dump his stuff. All of this happens while you are not getting rent.

@Russell Brazil

LOL! I am still trying to wrap my head around the concept of a real estate market crash being a bad thing. People always need somewhere to live so rent will always come in and isn’t it a bonus for prices to go down? I only read the gist of your post. And that was enough. Tally ho, off to a busy day. Live lovely my people muah.

I am in the consideration stages of turning my low income housing community into a hostel to increase my rent roll. Any suggestions in reference to the pros and cons of owning a hostel. I would strike an arrangement with my money hungry tenant who is currently making a profit from subleasing her unit. (This is an approved arrangement). She would live there, clean and keep order, so front desk will not be a problem. But this is new to new to me. This area rents itself due to convenience, near airport, supermarket, grocery store beaches.

@David K. I strongly believe in people first but I find that once you give a break they will continually need breaks.

@Bob Romano The phone number is needed but the rent is required for him to stay in your unit. This may be him warming you up to a new relationship of bad payments. Also, if this is a high demand area be sure that they have not switched tenants on you. He might not want to give you his number because he is moving out.