All Forum Posts by: Farhan M.

Thanks everyone for your replies.

@Shorab Khosravi

Yes, thats one option I was looking into about renewing the clauses with certain conditions.

@Kelly N.

Thank you for the advice. Will look into this.

@Andy Sturm

Thank you. If the occupany per person is greater, is sufficient to increase the rent?

@Christopher Gilbert

Thank you for your advice.

Hi.

My family is renting a SFH and the lease is up on August 25th. It will be 2 years in AUG that tenant has beeing renting. She is a divorced mother of two and for the 1st year the lease was paid for 1 year and during the second year it went month to month. We didn't want to renew the lease after the 1st year because there was visible damage to the walls and the inside of the house is in bad shape. How can the landlord protect themselves from being taken advantage of?

We have been fairly reasonable in accomodating normal repair/maintenace requests. She is a constant complainer.

All the applicances including the fridge, stove, microwave, washer/dryer, and the A/C are new and installed within the course of that lease.

The lease terms were that it would be paid 1st of the month but all the rent payments we receive are mid-month (after 2 weeks).

Also, the inital lease term included only her and her two children. After a few months, she has a significant other and older son who moved in the house.

What clauses can be put to protect landlord interests, in regard to any additions, negligence, damage, inspection?

Should we raise the rent now that there are two additional people in the house?

Hi,

I've been actively reading the forums and podcasts here. I'm looking to connect with investor friendly agents in the Long Island/NYC area for flips/rentals.  I would greatly appreciate it.  Thank you.

@Paul Timmins 

Thank you for recommending the book. I'm currently reading The Book on Flipping Houses by J Scott! 

I went to my local REIA event for the first time this week as a newbie. I wanted to get a feel for the event and network with other investors. I networked with a couple of people there and from my observation I believe many of the experienced investor just want to make deals. There were many other new investors there and they were making announcement for beginners to sign up for 2 day beginner classes and other paid events coming up in the next few months.

I did reach out to a few people I got the contact information from but I'm not too keen on spending more money for information that is accessible here on on BP.

@Krystal Harden - Let us know how it was.  Good Luck.  

 @Elizbeth Colegrove. Thank you.

 Hi Dmitriy. Thanks for the welcome. 

 Thanks Mehran.  Yes, I'm really enthusiastic rehabbing and have been doing a lot of research.  I'll be checking out the podcasts as well.

 Thank you.

 Hi Paul. Thank you.