All Forum Posts by: Gregory R Ley

Thank you all!

I spoke with the tenant. She communicated she does not want to lose the rental for her and her family and plans to pay rent as rent is less with more room an amenities from the apartment. She has a long term, steady paying job, and just received a promotion. She has an office in one of the rooms that appears to support all that. All that to say that I was surprised to have received the bankruptcy notification and what I read that I read in it.

Noted on the "cautionary tail." I am a leveraged new investor! Time to start driving for Uber on the side.

I received a letter today. An SFR tenant filed chapter 13 Bankruptcy. I cannot cover my mortgage without their rent. I'm trying to understand the letter I received. I'm just getting started to figure out next steps. Any advice will be appreciated. Please point me to any BP info, YouTube, etc. I cannot imagine I'm the first to get hit with something like this.

I'm looking for used appliance and furniture store recommendations in Minneapolis. Please help if you can.

I hope this is the correct place to post.

The later. I'm looking for a contact when I'm out of town. I need to self-PM until I scale. Most likely, they will not get a tenant call. I've had 3 in a the year I've own. Toilet. Circuit breaker. Advance notice for late pmt. It would be great to find a fellow investor to trade tenant call coverage when out of town. Lord willing, I scale big some day hire a PM. Right now, I need to make rentals perform and scale while in my W2.

I'm looking for investor-landlords interested to share out-of-town tenant call backup. I have a 4-unit and a SFR.

Newbie question: Do I need to fill out a CRP for each tenant? Or, do I fill out one CRP for the unit?

Please recommend a real estate attorney for filing a suit against a seller who did not disclose foundation damage and leaking in basement. I closed on the house in July 2022.

I bought the fourplex with the vacant unit in March. It's August now. I'm overspending. Ugh. This is my first property. I don't know how to balance and do what makes sense. I'm currently seeking a contractor to do the job now. I gutted the place, removed all the cabinets and trim, sanded the concrete floors, pulled all the concrete nails, trim nails, etc. I'm exhausted. And it needs to be finished. So, I'm shopping investor experienced contractors to help me make decisions and then pay them to do the work.

Thank you Dan and Amy, I will reach out to you as well.

Thank you Jeff. I'm a new investor. I have a full time job and finding it difficult to manage the property, and do the rehab and renovation. It's turning out to take more time than I thought. I'm finding more issues than I first understood. I actually enjoy the work, but I don't have the time. I have had this one unit vacant since I purchased the four plex in March.