Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Edward Allen

Edward Allen has started 1 posts and replied 6 times.

Post: Section 8 tenant refuses to sign rent increase form

Edward AllenPosted
  • Real Estate Broker
  • Los Gatos, ca
  • Posts 7
  • Votes 1
Quote from @Phil C.:

Our family owns a home occupied by a section 8 tenant.  The last time the rent was increased was more than 3 years ago. The tenant is currently paying less than current market rate, and we are only asking for an increase of 6%.  This tenant has been a pain in the *** and high maintenance from the get go, but we are stuck with them.  In order to receive a rent increase, the rent increase request form submitted to the Housing Authority must be signed by the tenant and landlord. Our section 8 tenant is refusing to sign this form.  Has anyone ever dealt with a situation like this?

BTW, this is in the SF Bay Area in a rent controlled and tenant friendly city so it's next to impossible to evict.  


 Hi Phil, When I have worked with Section 8 clients, I first contact their case worker & let them know a rent increase is imminent, in some cases the Housing Case worker will also send a letter of adjustment showing the "New Tenant Adjustment Rate" to be paid. IN any case, I would send a certified copy of the new terms to the Housing office along with same copy to the resident; Then I would confirm with the Housing Authority/Resident they received the letter & acknowledge the new terms. Should the tenant/housing authority "NOT" agree to the terms or sign, you can then let the Housing Authority know in writing that you will NOT be renewing the contract for a new term. 

You should not have to go to extremes for hiring an attorney, but you can always consult your Evictions attorney in writing for input on the steps you plan to take-

Post: Collecting rent from tenants

Edward AllenPosted
  • Real Estate Broker
  • Los Gatos, ca
  • Posts 7
  • Votes 1
Quote from @Jerell Edmonds:

That what I was looking into is getting something that reaches out to them a day before . 


 HI Jererll, Depending on the size of portfolio you are managing, various platforms send out the auto-reminders as others have mentioned. I use Appfolio for all my residents & the system does the auto-reminder. Also, you may consider writing contracts that have a processing fee put in place for client that "OPT" to "NOT" pay online as a motivating tool to sign up for online payment. Automation helps the accountants do their work much more efficiently & there is less likelihood of payments coming back NSF.

Post: Looking for a Trusted Insurance Broker to Write a policy for Multi-family building

Edward AllenPosted
  • Real Estate Broker
  • Los Gatos, ca
  • Posts 7
  • Votes 1

Thanks everyone, I went ahead and had a policy written with Kentucky Farm Bureau, so far so good. Premium was same but cost was 1/2 of what I spend with Liberty Mutual. We had 1 small ice storm incident & they doubled the policy during renewal cycle.

Post: Looking for a Trusted Insurance Broker to Write a policy for Multi-family building

Edward AllenPosted
  • Real Estate Broker
  • Los Gatos, ca
  • Posts 7
  • Votes 1

HI, Looking for a trusted insurance broker to write a policy for 2 separately deeded townhome units in a multi-family building in Lexington. Currently insured with Liberty Mutual but looking to expand and explore other rates before a 12 month renewal commitment.

Edward

Post: Closing on a deal, want to remodel but have a tenant

Edward AllenPosted
  • Real Estate Broker
  • Los Gatos, ca
  • Posts 7
  • Votes 1

@Alexander Johnson Given the time of the year that we are in, It is best to close on your home, start collecting rent through year end & then give the proper notice to vacate per your state/local laws. Spring is good time to start a remodel for a May/June re-rent calendar as the market is traditionally stronger during this season. Remodeling a home while tenant's are living in the home whether you are firm or easy going always leads to some problematic situations that you will not have to deal with when renovating a vacant home. Review the lease you are inheriting, put together a budget of what you plan on invest for capital expenditures, study the market for what the home can rent for with the renovations & move accordingly. Good luck- Edward

Post: AppFolio VS Realpage

Edward AllenPosted
  • Real Estate Broker
  • Los Gatos, ca
  • Posts 7
  • Votes 1

HI Steven, Not sure which software you went with, but I have been using Appfolio from 2011; I love the interface as it is very user friendly. The iOS & Android apps make it very accessible on mobile platforms on the GO! Customer service & support is second to none. Everything is very fast, seamless & easy to grasp. I love the ability to create custom reports, letters, uploading (drag/drop) of client files, communication, photos & reports into each property profile. Let me know which direction you went, would love to hear some feedback on what you are using for your business! Edward