All Forum Posts by: Jennifer Rysdam

I have learned in my short time of being a landlord that these are apartments, not model homes. If it's in decent shape and works well, just leave it. Unless you are in a tough market, you shouldn't have a hard time renting out your unit. If you rip that tub out you may find more issues than you think. It could get expensive. Just make sure it's clean, caulked well, and has a decent shower head. Good luck! :) 

What does your lease say? You need to kick them out. My rents are due on the 1st, but they have until the 5th. On the 6th I apply a $25 late fee (their rent is $500), and on the 10th I can file eviction papers. That's all laid out in the lease. If you have an eviction timeline in your lease that they signed then you should do it. Sounds like they are more bother than they are worth. Did your sister get these additional provisions in writing with them? You may have to abide by some of it, but it sounds like they are behind on that too. 
Give them written notice that they need to have the rent caught up by a certain date and stay on schedule for future rents or you will be filing an eviction. Sometimes just the threat of eviction will straighten them out. Since they seem to know the rules of late fees, remind them of the rules of paying rent on time.
Good luck. Sorry about your accident. I hope you are healing well.

In that case I would definitely keep them separate. I do one LLC for my 8 plex and then another for my fllip houses. I only flip one at a time so they all use the same LLC. You should also always keep LLC accounts separate as you would a corp. It also makes budgeting much easier because it's all separate. I can see exactly what I have into my flip because it has all of its own accounts.

One thing you can do with the sensors is stick them onto a small, thin piece of whatever you have on hand and then use a finish nail to then attach that to the door/trim/etc. That way you can later take it down and either pull out the finish nail and dab the tiny hole with a crayon, or sink the little nail like it was supposed to be there.

I would turn it over to a collection agency and move on. If they collect some for you, great, if not at least it goes on their credit.

I'd give them a $25 gift card to a popular restaurant for their inconvenience, and thank them for their patience.

If each property is a different LLC I'd use different accounts.

If you are going to paint it, I recommend to use Drylock on it. We have used it in all if our properties and it, along with gutters, solved our problems. We do the walls and floors. If you have choppy floors, liquid leveler works like a dream. 

Just be honest up front and in the paperwork, and have them sign it. We have a child with asthma, so we can't have moist basements in our house. Good luck.

I think it would depend on your volume. Between fees and continuing ed., you might end up losing more than gaining. Another thought that I have would be more liability as an agent, if you are buying and selling your own properties. You would have to disclose that you are a licensed agent, and you might find that people think you are getting the better deal because you are the agent. In my opinion, just the additional hours of continuing ed would be a no go.

I bought my first 8-plex in April of last year. I spent all of last summer remodeling a few of the units that people moved out of. I quickly realized that I was overdoing it. These are rentals, not model homes or homes for sale. They need to like nice and clean, but don't need to have all of the fancy extras, unless that's the market you are in. I certainly am not.