All Forum Posts by: Jillia Virtue

We are using FHA to house hack. We found a duplex near Oak Ridge TN and of course could not get the seller to tell tenants to leave! Figured we'll do it ourselves, one is month to month, the other's lease ends in May/June '21. We did not realize this should have been contingent on our offer, neither did our last minute agent...

So, to now. We're supposed to close March 31st! We are inheriting two tenants and need one too go asap for our FHA loan, they are month to month. Keep in mind we are coming from several states away. Our fha appraisal was pushed out as both tenants claimed to have covid.

My game plan-

Send 30 day notice via certified mail on day of/day after we close.

State additional 125% rent increase for any days past the day they are supposed to be out. Or what ever is legal, purhaps interest.

Call/email them 1 week in, to check on progress.

Schedule a final walk through for deposit refund asap after the 30 days.

Can I take deposits if there is no move in/out inspection given? There are holes in the walls and off door knobs etc etc... I doubt it was rented to them like that. If they don't have pictures, can I just take it out of their deposit and be safe? Their lease was a one page joke too.

My questions about them not leaving...

I believe the eviction courts are open in TN, are they?

Is the whole CDC moratoruim applicable to Tennessee?

Does it help that we are evicting to live there, in one unit? What software should I use? Should I have boots on the ground and get the notice to vacate posted on their door, and who?

I'd always say, when giving your notice provide address where we should send you your deposit refund. So even if they owe, they give you an address. However if they owe rent and have excessive damage... Hmm. I would use an emergency contact or reference they provided. Does anyone here know if a service to use to find people's address?

@Aj Parikh How much will something like this cost you? Do you have their current information, does that matter? Or how do you get their new info, maybe use a reference/emergency contact? Then, if you win they are responsible for the court fees, but may take a while to get your money returned?

@Vinh Nguyen yes! You can still do this all online, if you don't want to accept money online, then money order or check, that is cleared, then give them keys when they get here. I know in Oregon, you may start the lease before they get here, so you don't hold it for free for anyone.

I have wondered the same question, however someone had told me the flood zone greatly decreases after leaving the city limits of Houston Tx. I have personally decided to avoid these areas as we would like to house hack the first several investment properties, so we don't want to live in Houston or Florida anyways. But obviously this is more of a personal decision and I look forward to other comments on this subject!

@HeatherColley This is an area of interest to me, as a new investor I would greatly appreciate a hand in finding properties worth running numbers on!

Hello, this is an area of interest to me, as a new investor I would greatly appreciate a hand in finding properties with running numbers on!