All Forum Posts by: Jim K.

I've been searching the web all week.   I can't find anything I'm looking for.   maybe I'll just go find the complaint.    thank you.  

I have text messages proving she moved on Sunday November 20th.    Which even if she did try to pursue the security deposit she violated her lease by departing prior to the lease term, she did not clean the carpets as required in the lease, there are scratches all over a freshly painted wall, she only returned one key and the place was dirty.  I was considering sending her a letter with charges for the above items.  Am I right on this?

  I honestly don't care if the magistrate  decision is void she left on her own will and I'm kind of sick of dealing with this woman.    I don't if this is the right choice or not I'm  just ready to move on to be honest.  She was a nightmare!   Thank you for your reply.        

Hello,

I'm a new investor and ran into an issue right out of the gate.

A tenant recently filed an appeal to the magistrates ruling.    I asked for possession of the property and November rent which I was awarded both.    The tenant moved out of the property and 2 days later I get the appeal in the mail.   

So I guess my question is what if I don't want to continue the case?  

I got her out of the property and I retained her security deposit good enough for me!    

My next question is if I don't file a complaint within the 20 days and she applies for a judgement of non pros what is the worst that can happen.   I don't want to hire an attorney she only owes me $625.  I've since already have another tenant living there.  I guess she could be appealing the money she owes me but she didn't pay her rent.       

Thank You!       

I have a tenant living in a duplex that I own that still has 10 months left on her current lease.    I just found out that the house has foundation issues and is unsafe to live in.    Can I legally evict the tenant?   I already asked her to leave and she does not want to leave.   I offered to refund full security deposit and the entire months rent.   Any suggestions or advice are greatly appreciated.  This Rental property is in Pennsylvania.  

It's a bummer but I walked away from the deal this afternoon after talking to my agent.     This could've been a home run for me just getting into investing.  I negotiated a great deal on this property in a great location.    I can't seem to catch a break!   Oh well the right deal will come along.   Thank you for the input gentlemen much appreciated.

I'm currently under contract for a 3 unit building in Pittsburgh Pa.   The occupancy permit is for 2 units.   The county tax website is saying 3 units.    I called the zoning office to see what was going on.  They than told me that it is only approved for 2 units.  If I want to rent it out as 3 units I would need to install a sprinkler system.   I spoke to the current owners and they told me since they've owned they have always used it as a 3 unit building and never had an issue.   I don't think I want to attempt to travel down this road.   What is the possible penalty for renting it as a 3 unit when only approved as a 2 unit.   The gas and electric are separated so I would think the city had to know what was going on. I'm to the point where I wouldn't cash flow what I would need to be profitable only renting 2 of the units.    Any advice or tips would be greatly appreciated.  

Hello,

I'm interested to find some investors that have multiunits in beechview (pgh) to offer advice.  I just went contigent on a triplex 3 1 bedroom units.   The building is going to need  a ton of work.   Foundation issues, stone wall bowing outward.   I'm looking for advice on what to update to get max rents for the area.   Also does anyone know of a reasonable contractor to repair the foundation, bulging wall? 

Thanks.  

@John Leavelle

I would consider it border line slums.   Old Steel town that is about 45 minutes south of Pittsburgh.  

List Price is 89k

if I submit an offer it ill be for 68k

10 year fixed @5% payment would be $594

No lawncare or snow removal needed basically the only property I would own is what the building sits on.   

The gas and water bill covers the entire building,  the electric bill is just for the basement area to run washer/dryer, lighting down there and furnace.   

hello,

I'm new to REI but I think I found a pretty fair deal in a depressed area. I found a 5 unit building 4 1 bedroom 1 2 bedroom.

Total rents $2275

Taxes $150 

Ins $90

Gas $182 budget plan

Water $50

Trash $35

Sewer $50

Electric $50 

Maintenance $150

All of the units are outdated but appear very solid.   The building will need a new roof and a new furnace in the near future.   I plan on using the  need for roof and furnace into negotiating the price.  

I guess that I'm looking for advice, comments, anything I'm missing.   Than my next question is how do you feel about investing in depressed areas.  The value of the building will more than likely increase by very much and of course I'll have to deal with the tenants and what I believe to be a decent cash flow for my investment.   

Finally  the property is about an hour drive one way from where I live which doesn't bother me but figured I needed to add that.   What should I do run to the bank for the lown or forget about this property all together.  

I'm  a new investor and am considering a 5 unit in the charleroi area.   4 of the 5 are currently rented.   It's about 1 hour from my house.   The roof will need replaced and furnace in the very near future.  The rest of the building appears to be very solid just outdated.   Any pointers, comments or advice would be greatly appreciated.  I plan to manage myself which my be a tall task.  Do you have a difficult time keeping the units rented and from what I read so far the tenants don't like to pay?