All Forum Posts by: Michaelina Stathakos

So where does it end?...Tell them to take things off the walls, then take books off bookshelves, then place bubble wrap between plates, the lay the TV down before it falls over...sometimes people need to take responsibility for their own actions, requests, and personal items. After all she is the one that requested the work/repairs. 

She conflated herself. That's is why I am going to see if she brings it up again...some people like to complain just to complain and she complains way more than any tenant I have ever had. Luckily for her I have a heart and if she needs a replacement she will get one....tis the season ;)

Ha! RIGHT! 

Priceless is because it is irreplaceable :/

@Jim K. Hmmmmmm! ;)

Thank you all for your quick responses! Note to self: require renter's insurance...I agree it is not a landlord's fault items were not secured properly...I haven't brought up the item in question since she informed me of the mishap, I am going to let it ride and see if she brings it up again. She is slowly becoming a problem tenant, every month it has been one isure or the other, things that our previous tenants never mentioned to us, so I think she just likes to complain. I have told her we would release her from the contract, if she moves out it wouldn't be the worst. I do want to keep a good relationship but I don't have time for a tenant who thinks they are entitled. It is after all our house and if she doesn't like the unit there are many others in the area for her to choose from...thanks again!

While having flooring repairs done from under the house an antique Christmas garland with glass ornaments fell off the wall and broke. Is it my responsibility as landlord to replace this priceless item? If so what value do I put on something that cannot be replaced?

Hello Biggerpockets Community, 

I need your advice...who can I go to to help me figure out my 'borrowing power'? We have 2 small multifamily properties each with small mortgages and generating good income. Plus our own house and it's small mortgage. And a few other credit cards and car loans etc...Anyways I have no clue what I can afford...what price of investment I am looking for. Plus it would be nice to have someone who can project for the future and deal with analysing refinances and or multiple loans. 

Who am I looking for?

Thanks for the advice! 

Find out who the seller used. That's what I did when I couldn't find anything.

It is my understanding that if you go 5 units or more you will need a Comercial loan and Comercial loans look at the property value and the revenue it generates and not so much credit score or DTI...so look for properties that are 5 units or more.

Or do BRRR (Buy, rent, rehab, refinance) using a private loan (mom and dad or invester) or hard money loan.

I hope this helps a bit.

Good luck!

I have seen this in college towns, the idea is three friends will all rent together. $150/$200/$250 a bedroom. Or 2 bedrooms and a study. Its nicer if they each have their own bath so you won't ever be able to get top dollar. But we have a LOT of luck renting to college kids! Good luck!

Hello,

I have my degree in Architecture and currently design homes, single family, duplexes and more. I also have connections with engineers and can get you in contact with them for permits. If you are interested PM me your email address and I can send you some more info and sample plans.

Regards, Michaelina