All Forum Posts by: Idan Narotzki

Hi dear friends!

I am an out of USA investor. I've recently bought my first SFH. It is currently managed by PM. Generally, I want to increase my portfolio, but that will probably will take some time ( I guess it will take a 6-8 months) until my next property, as RE is not my primary occupation)

I pondered upon a question: 

How can I give extra motivation for the PM to really care about my property?  The first answer that jumps to my mind is: "You are too small for that". But is it? Isn't there something I can do? 

I am very curious to see your thoughts/suggestions/perspective/tips. 

Thank you very very much!

@Maxwell Fontaine thank you, but I am sure I understood.

Did you mean that the lease Is applied with the new PM?

I am OK with that lease.

Thanks!

Hi,

I am trying to understand if I am allowed to enforce a lease that was signed with other PM.

The background is:

- I bought a new rental SFH with the tenants. The SFH was managed with PM "X".

- The tenants have a lease until 31 JULY. 

- I closed the deal at 31 MAY. Then I switched PM. let's call the new PM, PM "Y". 

Does the tenant's lease is applied with the new PM?

For example, if late fees with old PM, defined to be after the 5th each month, Am I allowed to enforce it with the new PM? 

Thank you very very much!

Thank you very much for your help!

Another critical point is that I switched PM. Does the lease of the tenants with old PM, should be applied to the new Property mangment?

A summary of the situation would be: 

- Old owner promised half rent discount for both MAY and JUNE (it was confirmed by old pm)

- I closed the deal at 31 MAY (without knowing about the last owner "generosity")

- The tenants have their lease until 31 July, with old PM.

- I switched to a new PM (at 1 June). I got full cooperation from old PM, and got the tenant's deposit and lease. 

- Tenant demands to pay half month fee for June. 

So, My main question here is: Does the lease of tenants with new PMs, should be applied to the lease with the new PM??

If yes, I would be able to use "late fees" in case the tenants keep resisting to pay full price for June. 

(This is my first SFH rental, Hope I don't sound to bad. I want to demand the last owner to credit his tenants, but not at my expense...)

Thank you very very much for your help!

@Ken T.

This will not be relevant, as they want to leave on 31 July anyway

Hi All!

I've just bought my first SFH rental in KS, MO. There is some chance that I'll need to start the eviction process.

So, I wondered, what are the implications of eviction for the tenants? Is this something that they should be afraid of?

The background is that my current tenants, doing some troubles with rent payment, their lease ends on 31 July, and they bought a house. So, I am curious if it might be in their favor if I'll start the eviction process (since they got a house and maybe want a way out earlier from the lease).

Thank you very much for your help!

Hi All!

I've just bought my first SFH rental in KS 64138, MO. There is some chance that I'll need to start the eviction process.

So, I wondered,  what are the implications of eviction for the tenants? Is this something that they should be afraid of? 

The background is that my current tenants, doing some troubles with rent payment, their lease ends on 31 July, and they bought a house. So, I am curious if it might be in their favor if I'll start the eviction process (since they got a house and maybe want a way out earlier from the lease). 

Thank you very much for your help!

 By "All parties" you mean all the parties of the buying contract, right? Including me, as a buyer? 


Thank you very much, Nathan.
Your comment is very very helpful!!!

Hi experts!

Just bought my first SFH rental, occupied with tenants. I closed the deal at 1 June.

Apparently (just found out) , the previous owner promised the tenants, half price credit for both May and June (even that we closed the deal on 1 June) for making them show the house for different people.

Is that legitimate? Do you think I should follow it (the credit)?

after all, I didn't promise it, I wasn't told about it by last owner.

In addition, I had to send inspector twice, in May, since the tenants were not there to allow him in (after scheduling with them) the first time. Old owner told them, they should pay for that, but they are making a lot of noise and resistance.

Also, the lease ends at 31 July, only 2 month with them left. I am not sure how to respond. On the on hand I don't want troubles, and ok to lose some money for sake of order. But on the other hand I think it is not right, that I should get the money (full price of June and money for the inspection).

What do you think about this situation? What would you do instead of me?

We are talking about c+ neighborhood.

Thank you very much for your help!

@Olga Marquez any chance you can help to find where should I do it? (is it a website?)

Thank you very much!