All Forum Posts by: Jim Adrian

You can hire an Architect or Interior Designer.  

Do you allow Sublet by the Tenant in your lease?

You can list them as a regular tenant to the property. They would be subject to the basic application process (app fee and background check) and named on the lease as tenant.    I have a 20 day stay limit in a year. 

If this is a sublet there is an additional $300 monthly fee.  They would still be subject to application process.   

I would bet they don't want to be listed on the lease and be responsible as well.   As for the pet part, I would follow your standard lease option.  Maybe cut them a deal because of limited time at the rental.  

Have you considered not renewing the month to month lease option with them? Divorces can be bitter and full of games played by each party.

Now that your messing / touching the existing electrical you now have to bring it up to code.  The code official is asking for are code items.  These are "life safety" items. Code Officials don't wavier much and never ever piss them off!  They will be more than happy to show you where in the code it is required.  They should be more than happy to explain it to the home owner in easy terms to understand.  If the walls or ceilings are open then just do it.  You can ask for other quotes to validate the first quote.   I would guess you are under 2006 or 2009 building code. 

I have seen anywhere from 0.8% to 1.1% of the house value as a rule of thumb.  The more the higher the house value the less you charge.  Example.  $100k x 1% = $1000 monthly rent.  Above $200k x 0.8% =  $1600 monthly rent. 

Spend money to make money!  If the cash is available then add the ac unit and replace the furnace as well.  You should be able to replace all of this for $6-7K.  I just did this 2 years ago in my 2br, 1000 sf rental.  I upgraded to couple models above builder basic.  I went for the more efficient system.  This will help any renter with living cost to afford the rental unit.   This is also a +25 yr investment.  Also get the yearly contract for the 2 cleanings.  This should round around $170 a year.  This will extend the life of the equipment.  Window AC units are horrible.  

Welcome to the area!  Its a great City!

I like Tenantbackgroundsearch.com over mysmartmove.com.  I got the same results from each of them.  I liked the graphic format from tenantbackgroundsearch.com better which made it a lot easier to read and follow.  I also provide this information back to the renter as they paid for the product.