All Forum Posts by: Jon W.

Landlord problems for sure.

What I would do is reach out to them again respectfully and let them know they are in violation of their lease terms (over the phone and certified mail). I would stress the point that they either need to remove the dog from the property or pay the required animal fee. If they don't comply within a reasonable amount of time I would send them a lease termination letter. In my state, I believe 30 days is considered reasonable in most instances other than non-payment of rent. Although, I'm not sure there is a defined length of time that supersedes what a landlord considers to be a reasonable amount of time for a pet violation.

   Now the reasoning behind a no pet allowed clause or a pet fee is to alleviate the financial loss the landlord is going to incur from pets living in the property. it's very probable you will have damage and depending on the size of the animal and the breed of the dog it will affect your property insurance as well.

I would recommend house hacking in a nice suburban area within reasonable driving distance to your job. 

The only thing you should rely on a realtor for is sending you new listings and making sure they have the correct keys to open the doors to view these potential deals or deals you found yourself.

Sounds like a bunch of malarkey. Which it is indeed.

Tell the tenant to call the # on the receipt part of the money order and they will refund their money to them.

Except they can't do that because they never sent you a money order in the mail nor do that have a receipt.

This is a really good point to bring up to a judge in a eviction case. So make sure you document these details on paper. Because you will definitely be evicting this tenant at some point down the road.

classic

I have a 1.6 million deal I'm looking to raise money for. Its in the north eastern Pennsylvania market. If this is your area of interest and you want to invest reach out to me asap. Thanks 👍 

 Sounds like the classic case of the "for profit" Property Management Company! That carries 0% liability 

Come one come all! but we'll never answer the phone when there is a problem. 

In my area of North East Pennsylvania (NEPA) you unfortunately cannot even pay someone to look after your best interests i.e. "Realestate". FORGET IT 🚩 

And yes, Their all here advertising Property management But when the going get tough the PM is Missing in Action and they think you don't have enough perception to know the truth. 

best advice which I've read from this stream already is wait 1 or 2 days. If no answer read that clause in the management agreement and make the change. Dump'em off the edge. The PM business is for profit and likely doesn't even understand management. 

best of luck!

Sounds like a great choice. I've been a Carpenter for 10 years and invested in realestate as well. Which has given me a enormous amount of freedom to do what I want.

Based of the fact you are putting down such a large down payment and the area im going to assume there isn't much equity growth left. 

with that said, it is turn key 🔑  which means there will be zero cap improvements and minimal maintenance if any.  

Multi-family? So, 2,700.00 rent - 1,900.00 mortgage leaves you with 800.00 essentially prior to maintenance or the possibility of non-payment.

2,700.00 - 25% = 2,025.00 which voids out the debt in the eyes 👀 of most banks. Now your positive 125.00 on paper. 

Ok, so what you should be asking yourself is "Can I increase the rent?" If you can I would say purchase the property. If you can't I would say throw a low ball offer that puts your payment at say 1600.00 or less.

now if this is a condo I would have a totally different approach.

Small claims court (magisterial) is often referred to as fake court. Reason being is the judge can make a ruling based off what he/she thinks is right and not what the law exactly states.