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All Forum Posts by: Jeremy Woods

Jeremy Woods has started 15 posts and replied 73 times.

Post: Looking to invest in Wichita. Need some advice.

Jeremy WoodsPosted
  • Rental Property Investor
  • Windsor, CO
  • Posts 79
  • Votes 57

I own 30 units in Wichita, I have a few connections out there. Shoot me a message and I can point you in the right directions of a few different options. Wichita is a great area depending on what you are looking at. 

Post: First Month's Rent Free

Jeremy WoodsPosted
  • Rental Property Investor
  • Windsor, CO
  • Posts 79
  • Votes 57

I always think of discounting a full months rent like taking the most extreme possible action. If you are renting a property, for example, $1000 and give one month free. Then, in theory, you are lowering your rent by $83 a month. Wouldnt the first course of action be to lower rent by say $25 to $975 to create a larger pool of people? You still have a bit of room to lower it a bit more if need be and you still not shooting yourself in the foot by missing out on a full month of rent. I do believe and other people may differ that I would rather lower my rent just a little than allow my property to continue to sit vacant hoping to get a certain dollar value as it evens out in the end. 

Just my two cents. 

Post: I'm coming to WICHITA!

Jeremy WoodsPosted
  • Rental Property Investor
  • Windsor, CO
  • Posts 79
  • Votes 57

See all you guys in a little bit. 

Post: I'm coming to WICHITA!

Jeremy WoodsPosted
  • Rental Property Investor
  • Windsor, CO
  • Posts 79
  • Votes 57

Ok I’m just making a decision, Wichita Brewing Co and Pizzeria at 5pm on Saturday. 

8815 W 13st N location. 

Just let me know if you’re going to make it so I can be on the look out @Stephen Burtin @Cory Wells @Jonathan R. and whoever else is interested. 

Post: I'm coming to WICHITA!

Jeremy WoodsPosted
  • Rental Property Investor
  • Windsor, CO
  • Posts 79
  • Votes 57

@Stephen Burtin @Cory Wells I’m checking out a few of our properties, and looking at some new ones. Then I have a meeting with a church (I’ll explain that one over beers) so anytime after 4 on Saturday and I’ll be game for whatever you guys coordinate, I would pick but I don’t know the bar/brewery scene anymore. 

Post: I'm coming to WICHITA!

Jeremy WoodsPosted
  • Rental Property Investor
  • Windsor, CO
  • Posts 79
  • Votes 57

Hey Wichita, 

I've had the chance to talk with a few of you but I have not had the chance to meet you all face to face. This weekend I'll be in Wichita and would love to connect with you guys(gals) who are active on this forum. I'll hopefully be meeting up with @Stephen Burtin but if anyone else who is available and would like to hang out feel free to join in. Game plan is sometime on Saturday maybe shoot for beers, or soda if drinking isn't your thing, and just talk shop for a bit. 

Post: New place for Wichita to Connect.

Jeremy WoodsPosted
  • Rental Property Investor
  • Windsor, CO
  • Posts 79
  • Votes 57

Awesome @Roy Wise, the group is fairly new but we have added a bunch of members in a short time. Hopefully it can become an active place in the coming months. 

Post: Tenants Calling Code Enforcement Not Property Mgmt.

Jeremy WoodsPosted
  • Rental Property Investor
  • Windsor, CO
  • Posts 79
  • Votes 57

@Anthony Wick, luckily we were sent a list of violations and granted an extension but, unfortunate there are 4 separate 4 plexs, the two friends live in two different buildings, hence the list is doubling. @Anthony Gayden the way the city works is they will only inspect something when there is a call and once they are out there they can inspect every common area and that unit for violations. So while it started as a toilet, it ended up being about 5k in repairs which we were working on accomplishing most. Just not in the deadline we were given by the city. 

@Nicole A. sadly they are in a 1 yr lease but one gentleman did move and we are going to evict the other as well. Luckily there aren't fines but we are being required to do thousands of dollars of work we planned on doing in a very condensed deadline. Repainting all the buildings and re doing some exterior lighting along with a code change issues that we were just notified of. 

I think in the end I'm just frustrated that the city treats landlords who are trying, in this manner. And it likely wont change until we get the problem tenants out. Its annoying that this is all happening because we ask people to pay their rent and that slum properties go free. 

Post: Tenants Calling Code Enforcement Not Property Mgmt.

Jeremy WoodsPosted
  • Rental Property Investor
  • Windsor, CO
  • Posts 79
  • Votes 57

Hey @Aaron K. , it is definitely in the lease what happened, at least with two of the tenants (friends of course) they claim to have attempted to contact my property manager by phone. Granted there are 5 ways to contact him. The problem is unless they show us their phone we can't disprove that they "attempted". We are sending out letters on the first to remind people of all the ways that they can contact my property manager. 

Post: Tenants Calling Code Enforcement Not Property Mgmt.

Jeremy WoodsPosted
  • Rental Property Investor
  • Windsor, CO
  • Posts 79
  • Votes 57

HELP!!

We closed on our first larger multi-family about 6 months ago. Since then we have corrected a bunch of deferred maintenance, started to update vacant units and are working on turning around the property. We have had some issues with tenants, who are being required to actually pay rent, calling in issues to code enforcement. When I say issues I mean the toilet backed up Sunday and they completely bypass calling the property manager and are telling the city that the property manager can't be reached. While on the phone with code they are also bring up a bunch of other items that we didn't know were issues.  My property manager is on top of issues and when called usually has a solution within hours if not within the day. The city, of course, is hitting us with everything, the property is old and the last owner neglected it. What do I do, we are fixing everything that we know about but some larger fixes take time. I don't want to piss off the city but I feel like they are training my tenants to call them and bypass the property manager. I don't get why an owner who neglects the property gets treated better than one who puts in the effort. Any advice or previous experience with this would be helpful.

1. Yes we have talked to tenants about the step to handle maintenance issues

2. We have explained our issue to the city with tenants bypassing us and going directly to city code enforcement