All Forum Posts by: Julie Park

 Thank you. I do not have carpets in my unit. It's original hardwood floor and as you may already know, the house here is historic and very old. When I purchased this duplex, I inherited the tenants so not 100% sure about the condition. I feel like it's I kinda grey area. If they clean everything good and I understand normal wear and tear doesn't count, so how should I justify to use the deposit to do cleaning before new tenants move in? Anybody experience something similar? 

This is my first multi family property and one of the tenants are moving out early. I found another tenants but I am unsure if i could use security deposit (from the tenants who are moving out) to pay for deep cleaning service for next move in tenants. Is it only ok to use it when the unit is filthy dirty and damaged? They told me they will patch up all the holes they made and paint over and clean up before they move out. If the unit is clean and they do their part, I am not allowed to charge for the cleaning I am guessing? Please share your experiences and knowledge. Thank you! 

Thank you both for giving me your opinions! I would love to meet RE investors in Vegas too. Let me know if there is any meet-up or seminars etc. Happy new year!

Hello everyone, 

my husband and i have been butting heads a lot and wanted to hear others' thoughts/advices on our situation. 

we are married couple and live in las vegas. We have paid off primary residence and has duplex in other state as investment property. When we've purchased the duplex, we took $90k Heloc as partial down payment. It is down to $69k as of now. 

We also have $20k bathroom renovation debt. We didn't think that we were going to buy house (duplex was purchased on Oct this year) and signed the contract back in March 2021. They just started to work on it this November. 

My husband wants to sell the house and pay off all the debt plus fix the plumbing in stuff and make the unit look nicer to get more rent for our duplex. Since the vegas market has been so hot, we are predicting to sell our house around $500k. (We purchased the house at $155k) I see where he is coming from since we have so much equity he believes that it is good time to sell. 

However, this is our primary residence. I am afraid we sell the house, we will have to rent and as housing price goes up, the rent goes high too. 

We do not have any other debts. Paid off cars, no credit card debt and no children. what would you suggest if you guys were in our shoes? We eventually want to move out of Vegas so I don't mind selling this house. I am just not sure if selling the primary residence is the right move and also use all the money to fix the investment property sounds a bit crazy to me.... please help!