All Forum Posts by: Kyle D.

I am looking at a fiveplex with all units being 1 bedroom/ 1 bath My main concern is noise and tenants not getting along. I think 1 Bedroom units are perfect for seniors and would probably prefer them as tenants over others. Your thoughts would be appreciated.

Knowing the curent balance in the bank account is important. I like to see some type of emergency fund. I don't necessarily need the account number. Many people have little or no money in savings. This scares me as a landlord.

I like to disclose everything to tenants about property I have available for rent. I had no way of knowing the well may be a slow producing well. Of course, I want tenants to be happy but its not easy to tell them to curb their water use after a lease has been signed. Just curious , what legal rights do each of us have?

I have a few properties that run on well water. No water bill for the tenant is great but being responsible for pump and well to operate properly could be stressful. Water pump could stop working anytime, nights and weekends.

Recently, I had a problem with a newly rented property. While doing laundry and showers, tenant would run out of water or pressure would get very low and pump would need to be primed. I tended to the problem immediately. I changed the pump, pressure tank and a few other repairs. I eventually brought in a professional. He says tenant needs to space out high or excessive use.

Has anybody had a problem like this? What may be excessive use to me may be normal to someone coming from county or city water usage.

It's amazing to me that someone who hasn't paid rent in 3 months has the nerve to ask for their security deposit back. Entitlement mentality at it's finest.

Not enough.

We have a winner!! I think I will use this one for now on. Lol

How do you handle this question? When friends or family find out you are an investor, this is the first thing they want to know. It's like asking someone how much do you make a year.

I understand their curiosity but I am not always comfortable anwering this question. However, if I am talkng with another investor, it is appropriate. Your thoughts?

The only ships that don't sail are Partnerships.