All Forum Posts by: Charlotte Dunford

If she pays the higher rent rate without signing the lease, she created "tenancy at will" and considered month-to-month. If you must require a signature and she just refuses to sign, you can give her proper notice and simply not renew the lease

@Hyacinth Dolor You can work with a deal sponsor and participate in one of their deals. You can work with multiple syndicators and spread your money across multiple deals. I am a mobile home park syndicator and there are many multi-family and other commercial sponsors on BP. 

@Zac Boelkow Stick to your criteria. As a landlord who's just finished an eviction, I would advise you to trust your gut. From what I can tell, she is already not cooperating and has an attitude problem. For me, a landlord-tenant relationship is a business relationship. Think: do you want to do business with this person? 

Don't blindly follow anyone. The mentors are just people like you and me. Some practices they promote are suitable for you, and some are not. Use your common sense and critical thinking to eliminate the "noise" (wrong/not practical information). Truly successful entrepreneurs can think for themselves, and believe in things "gurus" are against. Only dead fish go with the flow.

@Hayden W Gibson Go ahead and invest! 

I just "celebrated" my one year job-quitting anniversary. Check out my post here https://www.biggerpockets.com/forums/12/topics/791496-one-year-job-quitting-anniversary?page=1#p4647851

My investors and I have 54 pads in mobile home parks spread out in 3 different states, not local at all. No problems managing them at all. I have local teams checking on and working on each property. 

Some people have a harder time dealing with confrontations. It seems like you are letting the offensive remarks bother you (you had nightmares and you don't deserve that). My best advice is to outsource the confrontational part to someone who is very comfortable with offensive remarks. I did this for one of properties in a tougher neighborhood and it worked out great. You will become more immune to this over time. Trust me, I've been there and I handle this type of situations much better than when I first started. I learned a lot from my property manager's "no non-sense approach".

You friend is right. He is taking all the risks. He is essentially paying for a product without the guarantee to be delivered. That product is "money" (return on investment). If you haven't shown him that you have the ability to deliver the product, why wouldn't he feel uneasy about it? One has to have 3 things to want to buy a product: 1. A true need. 2. The right budget 3. The decision making authority. If they lack any of these three, there won't be a sale. Your friend is probably lacking the "true need". He probably doesn't want it that badly, or he probably doesn't think he has a true need for your product which in his mind is a "high-risk" investment without the promise to have solid returns. You need to convince him that what you are offering is indeed what he needs - a solid investment with high returns, with mitigated risks. Some investors have lower risk tolerance and might not be the right fit for someone new without a track record. Try looking for someone with higher risk tolerance who is looking for the product you are offering. Syndication is an area you cannot make a mistake in. Because if you make a mistake, other people lose money. When people lose money, they remember you forever and that's really really bad. 

@Jacob Tankersley The leap was never comfortable, but I knew I had to do it. It was more like an escape out of Corporate America versus a well-planned transition. In life, I always ask for what I wanted. So I did the same thing with my boss and asked for what everyone who is a corporate employee wants (You can probably guess that easily). That didn't go well and I did not see much future in the position I was in. I could not get what I wanted through the corporate route so I took matters into my hands to get what I want myself. I had fears but was able to stay calm and act effectively through them. I couldn't get financing for deals at first for very obvious reasons, but I have this ability to solve big problems in creative ways. I think critically and am able to find ways to make it work. I was able to make seller financing deals and everything built up from there. I found where my talents were and was able to use it in a place that appreciates them. My recommendations to anyone who is in corporate and wants out - Do not perform for the audience who does not belong to you.