All Forum Posts by: Eric Starks

Hello Dawn,

I sent you a DM. 

Eric

I thought everyone would be interested to know that I offered $500 for my tenant to leave by the end of last month and $250 for him to leave by the end of this month. Surprisingly, after I tried to get him out, I haven’t heard much from him at all. He is no longer causing problems and he is still paying his rent. This was very interesting and not expected.

If he doesn’t cause anymore problems and keeps paying his rent, then it is pretty much mission accomplished. His lease is up in March, and I do not plan to renew him.

Thanks again to everyone who provided advice.

Thank you all for your great advice.  This has been wearing on me and I don't want to loose my good tenants.   I appreciate the BP family always being willing to give advice.  Thanks again. 

I have a tenant that has been driving me nuts since he moved in. He sends me multiple long emails every week complaining about things that are usually his fault such as putting too much toilet paper down the toilet. This is a duplex and I know it is him because it occurs when his neighbors are at work. The other neighbor has snaked the drain for me multiple times and sent me videos. He leaves all kinds of messy stuff (rugs, t-shirts, dryer sheets, etc.) in the yard and the other side of the duplex is complaining about his erratic behavior. He has mentioned that he wants to break his lease. His mom is sick, and I believe he wants to move back home (in another state) and take care of her. I honestly believe he is trying get out of his lease by causing problems and blaming those problems on the duplex and us as landlords. I have been against letting him break his lease but now I am thinking it would give us peace and my other tenants peace if I let him move out. I appreciate any advice.

I would also recommend the Short Term Shop. I am currently working with them to start my STR career. The owner Avery Carl wrote the BiggerPockets book: Short-Term Rental, Long-Term Wealth. They provide a wealth of data and will teach you all you need to know about the Disney market and other market you may not have considered.

Orlando REI usually meets from 9am - 11am the first Saturday of each month at 1133 Louisiana Ave #101 in Winter Park. This month will be Saturday 7/9 via zoom since last weekend was the 4th of July weekend. If you send me a DM, I can send you the information.

Check the sales price on the appraisal. As @Russell Brazil said, the appraisals normally come in around the sales price. I had a low appraisal with a contingency and was ready to back out when the seller noticed that the appraiser used the wrong sales price. Once they change the sales price to the correct number and redid the appraisal, low and behold, the property appraised for $5K over the sales price. You can always challenge the appraisal if you can find better comps as well.

 @William Rodriguez you may want to also try Ocala, Polk County (Lake Wales, Lakeland, Winter Haven), and Volusia County (Deland/Deltona area).

@Brian Perez Orlando REI is another local group that you should look into. Try to always share with everyone what you are looking to do and try to be as specific as possible. Sometimes it may just be better to pick one niche and go for it. Find the market where that niche works. You can always pivot later. It may be harder for you if you are looking at everything. Hope this helps.

Congratulation @Bernadeau C. on your seccess. And thanks for starting Orlando REI. I have not been able to make it as many meeting as I want to, but the ones I have been to have been a great help. I have met some good people and have also been able to add a little value to the the memebers. Keep it up. You are doing great.