All Forum Posts by: Jake Miller

I had a tenant that I inherited and did not renew the lease which is up 1/31/18. I gave them a 60 day notice that their lease would not be renewed. They just sent an email stating they will be paid on the Friday, February 2nd,  and because of that they are having a hard time coming up with first month and a deposit. I was planning on working on the unit and then moving in this weekend. I'd obviously prefer them move out on the time we discussed but was wondering what the appropriate steps should be.

Thanks

Just wanted to update everyone as I appreciate the input. I contacted the old property management company about who did the installation. They said their guy did and that he'd come check. They said they had it hooked up to gas (all other appliances are electric), when they redid the roof they unplugged it and they would have to drill a hole to fix it. They are going to put and electric heat strip on it for free. They then offered to manage the property for me haha

The unit that is currently on there has a gas pack but they want/need to change out the entire system to put one with a heat pump on it.

Reading the inspection they make no comment about it not having the right heating system for the building and stated that due to the weather (It being 90-100s in early September in Phoenix) that they did not try the heat. Definitely something I'll keep in mind for future inspections and ask them to try.

It is my impression and understanding that the unit does not have natural gas piped into it.

My plan was to contact the inspector and old property management company and talk to the people that installed it. My fear is that the old owner did not worry about the heat and was just concerned about the cost.

Thank you for the input that was really helpful!

I recently purchased a property and before I did it was stated that they changed out the HVAC. The unit that was put on the property was an electric air conditioner and gas pack for heat. However, the unit does not have gas as all appliances are electric which means the unit does not have any heat. I have gone back through the inspection I got and the inspector made no comment about that. I was also going to contact the inspector and  the old property management company to see if they can give me the name of the people that installed it but I was wondering if I actually have any recourse at this point or if this was all my mistake. 

I have Chase for the property management account and I thought about that but didn't know how I felt about giving them the account number. Which is where I thought about the deposit only card so they just had that and didn't get the additional information.

There was a thread about a year ago that discussed this same topic but I wasn't able to find it again.

I recently purchased a quad, which is my only property. When I took over as the property manager I gave the tenants two options to pay which were the preferred method, Venmo and Zelle pay through their bank. Two of them use Venmo and have no issue with doing that. The other two prefer paying cash or cashier's check. In discussions it sounds as if they either don't have bank accounts and may not have smart phones either. I'm looking for alternative ways to collect rent that would be automatic and without me having to drive to the property. Don't want them driving to where I live now or setting up a P.O. box and having that hassle.

In the last post someone had stated a positive experience with Paylease. Has anyone had experience with them? I also considered providing the two tenants a deposit only debit card. I know that wont be scalable but since it would only be for the two tenants now, with differing prices of rent, I thought it might work until I am able to get a different level of tenant in there.

Any advice or input is greatly appreciated!

Thank you all for the feedback! I'll definitely have to look into the numbers more about the cost and think what my long term plan is with the property. If holding it long term is my plan it may be best to covert and gain the extra income. While selling may be better to keep as is. There is a property 6 streets away that is a 5 unit that has been on the market for two weeks and recently reduced price by 20K while all the four units in Phoenix, if priced right, are under contract in days.

I have a 4 unit property that is separated into three buildings. One of the buildings is a three bed two bath that was converted from two 1 bed/1 bath units. I was considering turning it back into two units as that would generate more income than I would be able to get from the one unit.

I was curious if I need any kind of permits to change the construction of my property?

Also, I know it may depends on what my plan is (hold vs sell) but also possible advantages and disadvantages of converting it from a 4 to 5 unit. Obviously, I would be able to generate more income but it may also be more challenging to sell a 5 units as I'm reducing my potential buyers.

Thanks!

Thanks for the responses! That is kind of why I was wondering if the extra step was worth it since in Arizona I'd be the sole proprietor anyways. That makes sense.

I had not transferred title to the LLC yet and now probably will not, thanks for that reminder.