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All Forum Posts by: Frank A.

Frank A. has started 4 posts and replied 36 times.

Post: Creative Financing: Is this a good SubTail?

Frank A.Posted
  • Rental Property Investor
  • Montgomery, AL
  • Posts 49
  • Votes 14

Hey I hate to threadjack...Does anyone know where I can read more about SubTail deals? I don't quite understand the concept.

Post: Population strategy-coming full circle Portland, OR from 1977

Frank A.Posted
  • Rental Property Investor
  • Montgomery, AL
  • Posts 49
  • Votes 14

So does that mean this is a good time to buy and hold, waiting for appreciation? 

Post: Boundary Line Adjustment and Surveyor recommendations Tacoma WA

Frank A.Posted
  • Rental Property Investor
  • Montgomery, AL
  • Posts 49
  • Votes 14

Great question. I have a pretty big lot and was thinking of doing the same. What fees are usually associated with a project like this?

Post: igms Vs. Your Porter Vs. Smartbnb Vs. ?

Frank A.Posted
  • Rental Property Investor
  • Montgomery, AL
  • Posts 49
  • Votes 14

Any updated reviews on Your Porter now that it's been acquired by Guesty? Any new recommendations for Channel Managers?

Post: Vacation Rental Booking Software

Frank A.Posted
  • Rental Property Investor
  • Montgomery, AL
  • Posts 49
  • Votes 14
Originally posted by @Cliff H.:

There's a great thread with many STR manager's real world feedback on many of the channel managers out there up here:

https://www.biggerpockets.com/...

In that thread I also posted the comparison matrix I used to land on Porter based on the criteria I had outlined below. Feel free to take and adapt over to what matters most to you. It's sometimes helpful to itemize what capabilities matter and work backwards from there to visualize which suite best matches your needs. For me, that was Porter since I valued cross-channel management, mobile-optimized UI, reasonable pricing, and rapid product development. 

https://docs.google.com/spread...

 Fantastic product @cliff! has anyone seen an updated comparison this year? 

Post: Can items bought second hand (Craigslist,etc) be a tax write off?

Frank A.Posted
  • Rental Property Investor
  • Montgomery, AL
  • Posts 49
  • Votes 14

100% I do it all the time!! If you look at the higher cost of living areas, you can find luxury items at great prices for your STR!

Post: Property managers in Tacoma area

Frank A.Posted
  • Rental Property Investor
  • Montgomery, AL
  • Posts 49
  • Votes 14

I interviewed Spinnaker and really liked them. I decided to self manage to make my rookie mistakes early ;)

Post: Can You Evict a Month to Month Tenant in Pierce County?

Frank A.Posted
  • Rental Property Investor
  • Montgomery, AL
  • Posts 49
  • Votes 14

The owner can give 60 days notice based on the intent to sell the property. Also you can do the same if you intend to owner occupy. I can send you a slide deck from the housing authority on the new rules if you'd like. 

Post: Anyone w/Recent Eviction Exp?

Frank A.Posted
  • Rental Property Investor
  • Montgomery, AL
  • Posts 49
  • Votes 14
Originally posted by @Jeff Hamel:

Have you tried LT Services in Seattle. 

 Jeff, no I haven't. What services do they provide? Are they a Law Firm?

Post: Anyone w/Recent Eviction Exp?

Frank A.Posted
  • Rental Property Investor
  • Montgomery, AL
  • Posts 49
  • Votes 14
Originally posted by @Ken Dunn:

 I have only evicted for Non Payment of Rent. It is pretty cut and dry, they either paid the rent or they did not. I imagine the only other “slam dunk” evictions would be a drug bust in the property or something similar, or if you have a security camera showing clear proof of violations (like an unauthorized “guest” living in unit and coming and going on a daily basis, damage to property, assault…etc).

You can call witnesses (typically other tenants or neighbors) but they must show up in court as no “hearsay” is admissible. The person giving testimony must have seen/heard the act themselves, in-person. You will likely need to provide a paper trail proving you provided written warnings / cease and desist notices to the tenants for said minor violations.

Even then, you never know for sure if the judge will rule in your favor.

That is why it is always easiest to evict for Non Payment of Rent. Very easy to prove..or for tenant to NOT be able to prove they paid rent. 

Just pay very close attention to the legal steps/requirements to evict in your State, or else the tenant may win on a minor technicality and you have to start all over.

You can always wait for the Lease to expire then give proper notice that you will NOT be renewing the Lease. 

If the tenant stays after this date then they are a “Hold Over Tenant” and can be evicted on those grounds. 

Some Leases allow penalties of up to 3 times the rent (calculated on a daily basis) for Holdover Tenants. Refer to your Lease.

Of course, it is rare to actually collect any $$ on judgements that you win. The real goal of eviction (in my opinion) is to simply get the tenant out so you can gain control of the property and re-rent to a new tenant that will pay rent.

If the eviction goes all the way (where tenant does not vacate, you get a Writ of Possession, the constable shows up and you/your crew remove belongings to the curb) the tenant will have it on their record for 7 years. It will be difficult for them to find a landlord willing to rent to them.

Hope this helps.

Ken

Ken, thanks for the reply. That definitely helps with perspective. I wish my situation was as easy as non-payment but we'll see what happens!