All Forum Posts by: Jennifer Rysdam

@Brad Schaeppi Thanks so much for the information. I appreciate it! I'll just have to decide when I'm sick of it and end their tenancy. They keep pushing the rent further and further along. At some point it's going to catch up with them. I'm in the middle of an eviction with a different, holdover tenant right now, so unfortunately I'll have to wait because I don't want 2 units to fill out of 8.
I didn't realize the 14 day was different for term leases. Maybe I'll have to look into that and see if it would be easier that way.

I would buy the largest multi-family that I could with the $500,000. I would probably invest it out of the state of California though. You can get a lot more bang for your buck elsewhere. It sounds like you are busy and would make great use of property management anyways, so why not go out of the state.

 Hey Brad. I have a question that relates to this one. What is your process for 14 day pay or quit and evictions? Do we have to do the 14 day and then the eviction at the end of that or can we go straight to the eviction? I have a tenant that knows the process and knows she can wait every month to pay rent at the end of the 14 day (which ends up being the 20th).

Thanks much!

I forgot to mention that they are all on month-to-month leases. 

Hey everyone! I want to increase my late fees from $25 on the 6th to 8% of rent (MN maximum) on the 3rd. Do I have to give them 30 days notice for that or can I give it now (on the 7th) for next month? Too many people taking advantage of it and it's irritating. I realize it's extra money, but then I have to send them a pay or quit notice, and I also worry that I'll have to spend money on an eviction because there may be a bigger reason behind it this time.
While I'm asking, what are your timelines for rent, late fees, and pay or quit notices? Mine is due on 1st, late on 6th with $25 fee, and then pay or quit on 10th. What is your terminology in your lease?

Thanks much!

 Hi Michael. I do have a lease. It's a month-to-month. Thanks

Don't file bankruptcy for only $24,000, and certainly don't get divorced. I would cut up all the cards, have hubby take out a home equity line of credit on one of the homes, and pay the credit cards off with the much lower interest rate. Pay as much as you can every month towards it and get it paid off. The goal being to get the interest rate lower so that you can pay it off faster. You also may not have to pay fees or closing costs if all you ask for is the $24,000. Give hubby all checkbooks and other ways to get money and take this time to prove to him that you mean business. You said you make $16,000 per year. Is it possible to get a better job or a second job? Hard work and honest effort is the way to fix this issue. Good luck :)

 Hi Tim. Thanks for the info. I just meant for in the future. Would it have been better for me to raise rent and then let him decide to move out instead of ending his month-to-month tenancy like I did. Then maybe he would have found a house and given his own 30 day notice. Wondering what other people have experienced and if it has worked better that way for them. My attorney is filing the eviction today.

Considering my current situation of trying to get a problem tenant out and him refusing to leave, or pay rent, I'm wondering if jacking up the rent and then having HIM decide to move would've been better?? If I had just raised his rent $100 to $600 per month, then maybe he would've started looking to move elsewhere and pay the rent while he looks. I had given him a 30 day notice on his month-to-month. He didn't pay June rent, so then I gave him a 14 day pay or quit. He still didn't pay so I talked to an attorney about eviction. Attorney said I had a good case but it could cost up to $1500. He advised that I wait until the end of the month. The month ended and now tenant claims that he just bought a house yesterday and will hopefully be closing by the end of the month! I left a message for the attorney today so hopefully we can get the eviction filed tomorrow.
Do any of you have better luck with just jacking up the rent??

I have a drunk, disruptive, rude, pot smoking, 65 year old tenant on a month-to-month that I gave 30 days notice to last month. He decided not to pay the rent, so I gave him the $25 late fee and then a 14 day notice to pay or quit. He's still there. He's been saying he was moving out on the 30th but might need more time because he had to wait for someone else to move. Now he says he bought a house and is closing the end of the week. All lies. I'm charging him double rent since the 20th, per the lease agreement, and now I need to file the eviction. Any advice?? I'm hiring an attorney. He says it could cost up to $1500 but that it will be cut and dry since it's a month-to-month lease and I gave him the proper notice.