All Forum Posts by: Isiah Ferguson

@John Nachtigall She went with the same excuse. The judge explain to her that I did everything I needed to do and she should've paid her rent. She has until the 9th of June to vacate or she can appeal it. She told the judge she wants too appeal. So this morning I have to call the county clerk too see if she decided too appeal or not. Also we had a side bar and she explain to me how she want to stay and not lose her place but I told her that the property belongs too an out of state and investor and I'm just following company protocol and he wants her out. 

Hey BP family. You guys would be proud, I did the right thing as being the lord of my land and filed for eviction. We have court on the 30th. This is my first eviction, so Hopefully this turnover goes quickly. 

Yes sir, will do @John Nachtigall

Hey, thank you guys once again. Their are so many different prospective on here pertaining to my current situation at hand. I completely understand business is business and should never been feelings involved. SOME of you guys' are kinda intimidating/aggressive with your response. It doesn't matter if she lying or not at lease some of the story is half true. The previous 2x she's been late was both on the 6th. Honestly, I don't think she a terrible tenant and probably wouldn't mine her staying especially compared to some of the horror story some of you guys have/had. Obviously, she is in some sort of situation, off course not paying her rent is disturbing but the lack of her communication is worst for the long term. I don't have to worry about the bank because the property is free and clear. Growing up, I lived in shelters with my parents, we been evicted a few time before, and late on rent is not the word. I've seen struggle. Being in this situation is kinda my fault as a landlord. I never really got a chance to set the tone because the tenant was inherited. Simply, moving forward I'm going to give her 3 options" pay me 1. Pay me on the first both May and June rent plus late fee. 2. Cash for keys & leave on the first. 3. Violate the lease, go through the eviction process, risk your credit, & have to go and back and fourth to court and having to pay court fees etc.

@Bernie Neyer @Matthew Olszak @Nicole A. @Paul Staszel @John Nachtigall Check out my last post guys. It's a pic of our back and fourth text. She has to go.

I'm done.......smh

First, I would like to thank  ALL you guys and show appreciation for your responses and help. 

@Marcia Maynard You've touch on some really valid points and questions' to ask. The letter was a legal document equivalent to my jurisdiction that I've recieved form the property manager in the community that I'm renting in which is not too far from my investment property. So i should be okay with the letter. Communicating in person is always better than a Text. I sent her my last post I shared previously and she responded "ok thank u". From here, ill give to until the end of the day to provide documentation and if she does send me her documentation, ill give her additional deadline period to pay. If not, I will proceed with the eviction process letter. Do I have to go through the courts to get an eviction letter ? Can I just give her a letter of Eviction myself ? and see if she agree to leave in a 30 day time frame to vacate the permises. Should I offer cash for keys ? Or just head too the court house to get the ball rolling ?

Of course, I would like to avoid the court process if I can. I would even consider giving her cash for keys. She never notified me that she would be late after the 5th, I contacted her on the 6th. Explained how she lost her purse etc. blah blah blah. I told her she'll get a 10 day deadline notice to pay and if not the company will follow through with the court process. Today, which is her deadline day. She didn't contact me explaining her response from my previous post, I text her saying today is the deadline day and that was her response.

Moving forward, my response will be " There is a company policy and a protocol I have to follow as a "property manager". The property owner is willing to work with your unfortunate circumstances but it will be mandatory to provide necessary documentation of a police report and a statement from your Church pastor stating, he will pay your rent total for the month of May and payment date. These documentation should be sent to me by Via Text Message or E-Mail before 4pm on May 15, 2017. If you fail to summit documentations we will have to proceed with the eviction process.

Goodluck !

Sincerely, Richard

Community manager" 

@Christine Kankowski

@Nathan Gesner

@Nicole A.

Basically I've posted a late notice on a tenant door. It pretty much stated May 15, 2017 which is today is her deadline and 19th is when the court precedings will begin. I text you this am and reminded her of the late payment and this is her response " Good morning, My available funds on my social security disability account have still not been released, they have identified who the individual was that fraudulently used my debit card and charges have been filed. Still I understand that doesn't solve my rent payment, I'm meeting with my pastor this morning I have explained my situation and I believe my church family is going to help me get my rent paid. Again I apologize for the inconvenience I have caused the company !! I'm really fighting as hard as I can mentally and physically not to be put out of my home !! I'm currently fighting incurable terminal kidney disease stage 3 daily plus diabeties and diabetic nerve damage in both legs , along with upper and lower bulging discs in my back. I'm not asking for pity just for a little understanding that I am really and truly a good tenant....I've just been put in an extenuating circumstance !! I will contact you and make immediate deposit as soon as I get my rent payment !! Sincerely Janice " 

Any suggestions ? She been a day late twice before. Never really no real issues. Overall a decent tenant but this is a business. What should I do ? 

@Cary F. Yeah more than likely ill have to wait the 2 years to have my current cash flow to viewed as income to obtain good rates. I did find a bank that lend based off assets but thier rates are 7-10% depending on  credit.AFter the refi my property won't CF properly, so i can't go with them. 

@Steve Vaughan Yeah somewhat tough but i won't be stop because i want this. With the W2 i do have currently, I'm not making much to take of 80% of my free and clear property. I am renting right now as well, so I'm going to use my W2 to get me a 3/1 for 60k-70k with FHA 1st time homebuyers and get a low rate. Stay in it for a year and then rent it out and now i'm at 2 properties 1 free and clear and the other leveraged and continue that unitl im able to count my CF as income. Idk Just thinking