All Forum Posts by: Joshua Lappin

Thanks everyone for the input!  I've had rentals for awhile now, but this is the first time something like this has come up.  I agree with the input, but wanted to make sure. 

I have an interesting situation with a now former tenant that has come up.  

Tenants lease expired, so I offered a new lease with a $25 increase.  Tenant does not want a rent raise so opts to move out.  Lease expired at the end of November 2024.  Tenant goes month to month and on December 15th give notice that they plan to leave by March 31st, 2025.   Tenant then comes back on Jan 6th stating that they will now be out by 1/31/25.  Tenant leaves the unit and turn in the keys on 1/16/25.  Move out was conducted and security deposit returned.  

Tenant is now requesting to be refunded rent from 1/16 to 1/31.  

I am curious to get opinions on which dates are considered the 30 days of notice and am I obligated the return the final 2 weeks?

Thanks.

You play Cashflow every week?

There are some decent REI virtual meet ups that frequently discuss the topic of commercial real estate. They can be found on meetup.com

1. https://www.meetup.com/real-estate-wealth-philly/

2. https://www.meetup.com/The-Charlotte-Metrolina-Real-Estate-Investors-Association/

Should be plenty of investors in that area.  I know Carolina Hard Money out of Charlotte would work with you on a good deal. It could be a challenge to find a deal in the City limits, but there are a lot of great suburbs surrounding those cities. 

I would pay the money and get good advice from a RE lawyer and a CPA.  These things can get complicated and if set up wrong, can cost you way more than original set up fees in the long run. 

I own townhouses in the Greenville, NC area. We just make sure the rent covers the HOAs. If you are running 12 month leases, you can increase the rent if there is a significant increase in the HOA the next time the lease comes up.

I believe Carolina Hard Money is in your area as well, if traditional financing does not work out. 

Also recommends Carolina Hard Money. 

Hey Tim, 

Check out Meetup.com

You can usually find a group that meets somewhere in your part of the state.  I've been checking out virtual groups outside of NC and occasionally run into local investors there too.