All Forum Posts by: Gui Touma

@Theresa Harrison was already cracked when he moved in and I have in the lease the unit is AS IS. I just verbally told him I would take care of it thinking it wasn’t a big deal to put new glass in turns out it like 10-15k to repair and replace

@Theresa Harris I am in the process now. But what can I do if he does end up trying to leave

@Edward L lauckernive had multiple contractors come look at it it is an older building so replacing just the glass is not an option the way it’s setup that’s what’s taking me so long is finding someone that can do it properly without tearing the whole front of the building

He is still saying it’s too late and he needs to leave.

I have a tenant that’s been with me for 2 yrs now and just signed a 3 yr extension back in June.

This is a retail unit in ft wayne in. When he Signed the extension I assured him we will be fixing some things in the building (nothing in writing). The store front windows have some cracks in them told him I would replace them.

Now that the end of the year is coming he is complaining about not passing his inspection for his permit (tattoo shop) due to the windows letting contamination in lol he’s been passing the last two years and I’ve never received any copy of inspection saying things needed to be fixed and he refuses to send me any.

So yesterday he starts texting me to start finding a new tenant he’s moving out on the first he can’t stay in this building anymore and so on.

I have reassured him that I am still fixing the windows when the funds are available.

I’m not sure how to deal with him I self manage my properties never had someone say there just going to up and leave. What actions can I take? Or how should I solve this problem? Thanks in advance and sorry if this is drug out not the greatest writer.

@Michael Plaks

Ok thanks for the quick response.

Doing some rehab work was wondering if tools are a tax write off?

@Sidrit Veselaj I would like to rinse and repeat keep buying properties.

I want buying power by having funds available when needed to close deals.

@Camilla Sauderi possibly adding a bathroom

@Michinori Kaneko General contractor for rehabs

So I just took a home equity loan on my primary to finance an investment. Paid cash for house which is a sf.

I would like to start using a heloc but as I’ve read those are a little harder to find.

Would it be smart to once I finish rehab and rent unit to cash out refi and use the money to payoff loan on primary and the do a heloc on primary?

Any insight would be helpful thanks!