All Forum Posts by: Gina Broom

I believe so. Her lease ends June 30th and I notified her 6 weeks before the end of our agreement. 

My tenant has been a nightmare! Every excuse in the book on why she can't make rent. Finally gets caught up but the lease is coming to end June 30th. Obviously i'm not renewing and now she's mad. For May she still owe's $200 plus all of June's rent $1,200 which total's $1,400. She's pretty much said she's not paying it because i have her security deposit which is $1,200.  

My question is, Do i issue the 5 Day Notice to Pay Rent or just ride out the month? 

My husband drove past the house to see what activity is going on. She rented a dumpster to start cleaning up the property. We think she's going to leave at the end of the month but not 100% sure. 

I'm scared to issue the notice and scared not to! 

All advice welcome! Thank you!
 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $145,000
Cash invested: $25,200

Two possible three bedroom, two full baths, detached garage, fenced in yard on a corner lot. Once my current renters lease is up, i'll be increasing rent to 1600.

What made you interested in investing in this type of deal?

We already have one buy and hold property that is smaller. Its been successful.

How did you find this deal and how did you negotiate it?

I'm a Real Estate Agent. Always looking on MRED for deals that make sense. I study the area and see what what properties are going for.

How did you finance this deal?

Took out a 30 year conventional loan with 20% down.

How did you add value to the deal?

The property was is great condition. All we needed to do was clean up the yard and trim bushes.

Lessons learned? Challenges?

Our first renter is great! She deposits the money on the 1st of every month and never calls with issues. Honestly i forget about her sometimes. With the renter in our property she tugged at my heart strings. Single mom with two kids, 1 has a slight mental disability. Didn't do a credit check. I should have! She pays rent, just never on time. Always late with excuses. Next renter, we are running a credit check.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Yes, i would like to recommend myself as your Real Estate Agent. We chose a small town bank that was family with the area.

Looking to work with investors. If you need a Real Estate Agent, please contact me. 

Recently left my full time W2 job. Hoping to find clients to work with. 

I am a investor. Currently have 2 long term rentals. 

Look forward to working with you! 

Gina Broom

@Reva Gorbaty

🙋🏼‍♀️ Shorewood/Plainfield area

@Jennifer Pauyo

Hi from Illinois a suburb about an hour from Chicago.

Investor and Real Estate Agent

Have a bank account in the town renters deposit themself.  Small town living :)  

Built around 1990 sitting on 10 acres. The house sits on about 2 acres. 30x56 pole barn. Open floor plan with cathedral ceilings. There is a salon with separate entrance off laundry room. Two car garage was converted to 2 bedrooms, storage and rough in plumbing for 3rd bathroom. House has great potential for the right person.  I am a licensed real estate agent and this is my listing as well as a close personal friend of mine.  Seller willing to negotiate.  Contact me with serious interests only. 

Thank You 

Gina Moss 

708-308-4300

[email protected]

A smokehouse and bar with an apartment upstairs.  Being sold as is! Fully furnished. Licenses will be transferred to new buyer (ice machine, gaming & liquor). Smoker is not included but is negotiable. This is two lots 58.5" x 66" and 58.5" x 33. Listing Price is $399,900.

I am a licensed real estate agent. 

Please only serious inquires. Financials available upon request and proof of funds. 

Gina Moss

(708) 308-4300 cell

[email protected] or [email protected]

www.ginacorteshomes.com

Welcome!