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All Forum Posts by: Jonathan V.

Jonathan V. has started 2 posts and replied 7 times.

Congrats Omid, that place looks beautiful!

Thanks for the post - very inspiring

Post: Portland Property Managers

Jonathan V.Posted
  • Portland, OR
  • Posts 7
  • Votes 2
@Chris Shepard Hey Chris, send me a private message if you can. I’m looking for a manager in Beaverton! Thanks
Sorry that I can’t recommend anyone, Jefferson. But I am in the same boat - looking for a property manager for a Beaverton 4-plex. I will let you know if I find someone good! PS what’s the name of your old manager that is now hilariously bad? (So I can avoid :))

Post: Tenant leaving before lease end

Jonathan V.Posted
  • Portland, OR
  • Posts 7
  • Votes 2
Thanks everyone for the responses! Good advice all around

Post: Tenant leaving before lease end

Jonathan V.Posted
  • Portland, OR
  • Posts 7
  • Votes 2

Hey BP,

One of my tenants has a "family emergency" and is planning to move away permanently by the end of November (still has 6 months left on lease). They also want to leave the furniture because they don't have the money to ship it.

I told them they must find a way to get rid of the furniture, either sell or donate it.

The real problem is: this tenant has terrible credit and probably very little money saved (I inherited this tenant when I bought the building), so I won't be surprised if they just leave with no notice and leave everything behind. 

--> Is there any way to gain leverage in this situation short of legal action? Technically they would owe one month's rent for breaking the lease early, and they still haven't paid for November. Deposit is only half of one month's rent, too.

Thanks!

Post: Moving into an already rented unit?

Jonathan V.Posted
  • Portland, OR
  • Posts 7
  • Votes 2
@Deanna McCormick, why would the current owner's notice be void? Is there a specific law that covers this? Both my agent and lender see it as sufficient. Thank you all for the responses!

Post: Moving into an already rented unit?

Jonathan V.Posted
  • Portland, OR
  • Posts 7
  • Votes 2

Hello BP! This is my first post, and I'm really excited to become active on the forums.

I'm scheduled to close in one week on my very first property - a 4-plex in Beaverton, OR (just west of Portland).

All four units are currently rented; only one is mo-to-mo and has already expressed interest in moving out (at least according to the seller). This will be an owner-occupied investment, so whether the tenant actually wants to move or not they must vacate no later than 60 days after closing (seller has provided the written notice). This means I may have to manage the property for up to 60 days with a tenant who probably feels pretty indignant. What can I do to make the transition as smooth as possible?

Thanks in advance!