All Forum Posts by: E.S. Burrell

Great tenants are not deceiving. Great tenants are transparent. Great tenants are honest. Great tenants are trustworthy. Great tenants have integrity. Great tenants do not threaten to sue due to their own mishap. You do not have a great tenant. You have a deceptive person who planned this whole thing and is now causing you stress. She knew exactly what she was doing. That would leave a bad taste in my mouth. I would probably want her gone when lease is up.

2 Votes

No, and again I say No. I did a two year lease and offered a discount. Tenant was a tenant from H-E-L-L. I ended up paying her to leave. I lost big time on that one. A very good learning experience for me. Never again.

You have the opportunity to learn from others mistakes.

2 Votes

Nope! I would not want that burden. If the tenant has a full years of rent, let THEM put it in their own escrow and make the monthly payments. They already have the funds so there shouldn’t be any issues with getting rent paid on time so let’s test their character. I like to see responsibility and good character and paying rent on the first of the month is a start.

2 Votes

I’m on my 9th rental property. My goal is to buy two rentals a year to reach 10,000 a month in income so I can retire in 7 years.

17 Votes

@Scott Mac

Wow!! Love it!!

1 Vote

Following the advise on BiggerPockets and purchasing my ninth rental property by using leverage instead of totally buying with cash! Yippee!

0 Votes

I have this feeling that she is keeping you up at night. You’re losing sleep while she’s sleeping like a baby. Enforce your lease.

0 Votes

Originally posted by @Sunil Kurian:

@E.S. Burrell If you say he is an excellent tenant, then why wouldn't you want to have him at your other property? I get that you don't want to have to do a "turn" of the property they are in currently... but the fact is that he might already be looking so you may be losing him to another landlord/property any way... Why not have him take your other place and keep his checks coming in?

Seems to me that it is entirely in your power to only have to look for 1 new tenant vs 2...

It’s definitely going to be stressful looking to fill two vacancies since winter is approaching especially in Michigan.

0 Votes

Originally posted by @Max T.:

Originally posted by @Brian Armstrong:

Originally posted by @Max T.:

@Sean Conklin

So then you have 2 units to make ready instead of one.

If the tenant is going to move out then you're going to have 2 units to make ready anyways.

Right. If it happens it happens. But o don’t go around encouraging current tenants to move into my other vacant units.

I’m curious. Do you think it’s a bad idea to offer current tenants the option to move into another one of your other vacancies? I was thinking it was a good idea. What’s your take on it? I’m here to learn. Thanks!

0 Votes

Originally posted by @Scott M.:

This will only be awkward if you make it awkward. You can make it comfortable and should try to do so. I would talk to the tenant and see what's up. If there is something he wants/needs and you can do it at the current house and bring it up to market value, great, then do it. If not and moving is the only option, you seem to gush over the tenant so you take the risk out of the large house by moving them in.

By the sounds of it, they are moving or at least thinking of moving no matter what, so you might as well keep him if you love em.

Are you in a financial position to turn the exsisting unit?

Yes, house paid off; my only ongoing obligations are property taxes and homeowners insurance.

0 Votes

All Forum Posts by: E.S. Burrell

E.S. Burrell has started 6 posts and replied 190 times.

Post: ESA on property before I received letter.

Post: Would you do a 2 year lease for you first ever rental?

Post: Let tenant pay for a full year at once?

Post: What is everyone's "end game" goals?

Post: Tenant wins $17,000 judgment. Landlords, maintain your rentals!

Post: What 2021 accomplishments are you proud of?

Post: Habitual Late Paying tenant! To evict or put up?

Post: Tenant asking for an application on another property

Post: Tenant asking for an application on another property

Post: Tenant asking for an application on another property