All Forum Posts by: Jimmy S.

thanks everyone of the replies.

As far as the rent goes, how do you show your tenants the comps and see what they think the raise of the rent should be?

Do you call them and ask to stop over and visit and show them or do you just send them a letter with the info and tell them to fill in a figure which they think is fair?

Its a 100 year old house as well and not insulated the best. I know in the dead of winter there electric bill can be $600-800 a month but I really cant insulate it better without gutting the house which they also don't complain about. Have a feeling future tenants will. Its lath and plaster walls as well.

Thanks everyone for your advice.

Hi,

I have a 3bed 1bath single family house which is rented at $1,400 a month. Current comps in the area are around $2,000- $2500 month and should be able to easily get that.

My current tenants have been there almost 10 years now and always pay on time. They are usually several days or even 1 week early paying the rent. They are great tenants and rarely ever have a maintenance call and small stuff they just take care of on there own and don't charge me or even let me know. I already went a couple years without even talking to them.

I have been slowly rising the rent like $50 a month every year but its still way under market value by at least $500 - $1000 a month.

It is a old house and does have its flaws which is expected in a 100+ year old home.

What would you do or how much should I raise it at renewal? Its a yearly auto renew lease.

Thanks

Hi,

Long story short is I am allowing my neighbor to connect to my sewer line which I installed when I built a new home and was forced to put connections in for the other 2 neighbors since they both have a septic and I have public sewer.(I am responsible for maintenance for the entire line) Anyways the one neighbor wants to connect and we agreed on a price and got township approval and the township will take over responsibly for the line since it will be a public line then. The original agreement I made with the neighbor is I would receive payment when I sign the document allowing them to connect and they pay all fees involved. I do not have an attorney and his attorney I have been talking to through out this process seemed ok. Now its time to sign the paperwork and he slipped in that payment is to be made after the construction and connection is made saying if they are unable to connect they are not paying me.  I told them no and want payment upfront as I am no longer involved and they will deal with the township. They are talking now about mabay a escrow account but his attorney and him are friends.

What would you do? 

Trust them and  go with the escrow?
Stand firm and get payment upfront?
Or get an attorney and make them pay my attorney fees since they changed the agreement?

Township said try to get money upfront. They will give him a permit after I sign the document. Im sick of this as his lawyer is contacting me and getting rude with me now since I wont sign it and they changed the terms at the end about when payment is made. Township really dont know whats going on either as they said its in the township lawyers hands. I never signed anything yet or even the original agreement I just type to show what I wanted. They would be paying me $4000 for the connection after beating me down on price and giving me hardship story.

I dont have to let them connection township said. There septic is shot and will cost them alot more if they need to install a sand mound.

its vacant land. No pictures were on the mls. They are NOT selling it to me as the seller, not the agent is not the actually owner.

So a piece of land hit the mls at a good price. My agent called and got the scoop. Put in a offer and it was accepted all within 24hrs. The listing agent came back and said it was a scam and they in fact dont own the property. Seller never signed my offer but was verbally acccpeted. The contract for the seller to put it on the mls was signed but was a scam. (guess they docu signed it) Any one run into this before? How did the listing agent not meet with the seller or verify they are the owner before putting it on the mls?  I never ran into this before and been in real estate for about 12 years buying and selling.