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: Eric Geurkink

Eric Geurkink has started 8 posts and replied 15 times.

Closing on a duplex may 31. Currently both sides month to month. Rents will be raised and lower occupant has a cat (won’t be allowed), but also just learned she has a boyfriend (not on lease) who has also been a noise nuisance in neighborhood and punched out someone’s car window. I want to give her 30 days notice Right after closing, in the smoothest and safest  way possible. Will say due to rent increase and no pet policy, I am giving 30 days notice. I will plan to turn over June 30 and have new, well screened tenant July 1. 

2 questions (or anything else one would want to point out)

1. Other than discussing good references and treating them with respect and courtesy , how do I get them to pay June rent and not trash the place ?

2. What if they don’t leave June 30th? Can I get the police involved?

Thanks!

Post: First rental property - LLC?

Eric GeurkinkPosted
  • Saint Paul, MN
  • Posts 15
  • Votes 1

Alexander - what did you end up doing? I'm in the same boat right now, in MN, and it seems like a 50-50 deal. I'd really like to shield my personal assets from this endeavor - so I'm thinking LLC AND umbrella policy, but that might be overkill.

Post: re-screen exisiting tenants when buying?

Eric GeurkinkPosted
  • Saint Paul, MN
  • Posts 15
  • Votes 1

I have an offer accepted on a duplex - first property.  Tenants are month to month and a little under market. So I wanted to keep them both and gradually move up if they were good. One had their power turned off during the inspection. So that one's out. I still have to get rental payment history on the other, am told that its fine, but I'll be raising rent a bit. What are the guidelines to serving one notice to vacate but keeping the other? Does there have to be "Cause"? I'm in MN.  We are closing too late to have a notice vacant prior to closing. 

Thanks for any tips!

Great, thanks so much! I don’t think we will be able to be vacant by closing, as in MN we need to give a months notice. I’ll get the estoppel hopefully during inspection period. I can give notice To vacate the day of closing, then the first months rent will be in jeopardy but that’s the cost of doing business I guess.

Thanks again for the response! 

First time buyer, been looking and studying for about a year. Finally found one that the numbers made sense and made a good offer and it was accepted. I was told that the tenants were month to month and paying the rent when I made the offer. Now with this happening, I am concerned that they aren't. Inspection was rescheduled to Monday. I am thinking I want to end the tenants lease, but keep the other one if they are good.

What would you suggest, doing new background checks and making tenants reapply?  Getting documents of rent paid from the seller? Am I too late, already having made the offer contingent on finance and inspection, not tenant history, so I will just have to work through this?  Any pointers are appreciated!