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All Forum Posts by: Tom King

Tom King has started 4 posts and replied 13 times.

Basically I am wondering if anyone has ever had something happen to a property that created an issue for the tenant to stay there until repairs were made. The unit is roughly 500 sq ft and has two adults & a child living there. Basically all the work is in one of the rooms, where basically the unit is 3 rooms. So with the one quarantined off it doesn't leave much room for living. But I'm mainly asking if any Landlords in the BP universe have ever had to put up tenants in a temporary motel until repairs were done or if the law doesn't force a landlord to do that. I don't think there will be anything more than an inconvenience to the tenants while this work goes on but I wanted to ask anyway because I am curious if anyone else has experienced something relative to it.

Post: Lease's and agents handling tenant

Tom KingPosted
  • Clifton Heights, PA
  • Posts 14
  • Votes 1

I'm being told that in the case of the above, if you gain power of attorney that you can in fact be the one who holds the tenant to the lease and will also have the right to evict? Does this sound correct?

And this is if you are not owner of the physical property but empowered by the POA just in case that wasn't clear.

Post: Lease's and agents handling tenant

Tom KingPosted
  • Clifton Heights, PA
  • Posts 14
  • Votes 1

Do you know if my name was put as partial owner of the property if this would allow the Lease to stick? even if it was after the Lease was signed?

Post: Lease's and agents handling tenant

Tom KingPosted
  • Clifton Heights, PA
  • Posts 14
  • Votes 1

I am the son of an investment property owner. My question is this, If I am not the owner of the property or am a licensed broker nor hold a management company of any kind. Can I still manage the property for my mother and sign the lease and follow through with the eviction process if that came to be even though I am not the owner or a licensed broker/manager.

If I can do this?

Can I set up the escrow account for that tenant in my name & theirs and not fall into any legal issues due to the things I am not that I've listed above?

Our current Lease states me as being the "Landlord/Agent" of the property and I would handle all contact with the said tenant.

Love all the replies, thanks. Some of this stuff some times comes off as common sense but to just hear these things repeated by others to me carries more value than just simply knowing them. Keep the situations coming it is great stuff to know!

@Dawn Anastasi are landlords generally responsive to these questions or at times have they given you any resistance to answer them?

Anyone who would like to share the basics of their questions to previous landlords when screening potential tenants? I'm curious what most experienced landlords that do this regularly, have come to find are the best ways to present these questions. I've already got a few previous landlords who want a signed release note stating the tenant will allow information to be given about them etc. Not sure what anyone else has run into. Also what do some of you do in cases where ex landlords will not release any information about the tenant?

I am under the impression that not many landlords go this far with their screening so I can only imagine the reactions by some ex landlords must be of the shocked nature that someone is actually calling them to ask about the tenant.

Please share your experiences?

Post: Section 8 rentals help?

Tom KingPosted
  • Clifton Heights, PA
  • Posts 14
  • Votes 1

simply awesome, you guys I mean. Great answers and advice thank you thank you thank you

Post: Section 8 H.A. versus direct renting?

Tom KingPosted
  • Clifton Heights, PA
  • Posts 14
  • Votes 1

Joel Owens thanks for the reiteration I had a good idea what you meant just wasn't sure precisely. Thanks for your input as well.

@david Barlow. I fully agree with you. With at least some level of uncertainty, if you fail to screen properly it would only liken your chances of experiencing that bad situation. But when done properly and sticking to a good game plan without faltering your chances of success are so much better. Taken care to keep in mind the neighborhood is also a great attitude to have, I think, so kudos for that advice as well.

@Harry M. Thanks for sharing your experience. I know my mother had a regular tenant convert over to section 8 years ago and when she did they had her paying five a month and my mother had told me she had trouble getting that from her. So I know its not impossible to find some people who simply want everything for free but, again Its situations like this your screening should avoid at all costs.

Post: Section 8 rentals help?

Tom KingPosted
  • Clifton Heights, PA
  • Posts 14
  • Votes 1

@Brooks conkle . Awesome points, very glad to have read your statement. I find myself trying to wrap my head around the aspect of the vouchers here. You state here "2. Each potential tenant has a voucher that will show what amount Section 8 will pay for specific houses (i.e. a 3/2) for that tenant."

I already understood that individualized vouchers stated bedroom eligibility but you are saying that they actually state, how much Sect8 will pay for the particular bedroom specification on the card, for that particular card holder?
That would lead me to my next question, how does Section 8 determine not only median rents of an area, on top of max rent on an individualized basis? interesting.