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All Forum Posts by: Kamran Rahman

Kamran Rahman has started 16 posts and replied 64 times.

Originally posted by @Theresa Harris:

You've already tried giving her an incentive.  If she can't figure out that 3 months' rent will help her find a place, she's got a problem.  Perhaps your realtor can help her find a place.  I doubt that the listings you showed her won't be available for Oct 1...most are probably available sooner than that.  You can also call the listing and when she says it isn't available, say you talked to them and it is.

I see what you mean...I have been trying to be helpful for the last several months, and I noticed a pattern that anytime I try to help, the tenant tries to either get in the way or dissuade me from selling. I anticipate that is how future attempts to help will result.

With that said, my mentor gave me guidelines that essentially revolve around restricting all future communications to be formal and tied to only either rent, or sending reminder notifications of the last day of tenancy. It seems like my coach is more or less setting the stage for an eviction. In any scenario, any feedback on this plan is appreciated. Obviously, I don't want to go down the eviction route because it seems so avoidable. At the same time, I feel like I have exhausted all known options, so it seems like the only remaining option I have.

FYI I tried sharing an available listing with tenant. They responded shortly after saying that none of the places they have looked at will be available until after the deadline I gave them (I gave them the deadline with 90+ days notice), and then they proceeded to comment "I'm not sure if that will be a problem or not with your plans to sell"..At this point, I am preparing for the worst case scenario. 

Originally posted by @Dan Maciejewski:

99% of cases (really 100%, but there may be someone that loves paying more for more risk), you won't be able to get top market value AND sell it with an uncooperative boarder in it.  It's going to be either/or.

You will want to get them out before you sell. No owner occupant will want to buy with a "maybe" boarder/tenant, and no investor will pay FMV for that situation.

You may want to work with them and try to help them find a place.  I have found that usually, as soon as you take a n interest and start "helping" by sending them possibilities while reminding them of the move out date, they will magically find something. 

If it's not "real," there's no incentive for them to change.  And allowing them to deny access for pictures proves to them that they are the boss and make all the decisions.  Some people just need a little jostle to get back to reality.  I would say that applies to everyone that the landlord describes as "difficult."


I’ve tried sending a few places, and they also said they have found some promising places they are looking into. So I would say that’s already in motion. 

I also offered a cash for keys incentive (it was equal to 3 months rent), and they passed. 

Given that I’ve tried the options above, I have braced myself for evicting them, in the scenario where they do not move out by the deadline I provided in their notice to terminate tenancy. Once complete, this would achieve getting them out. 

Let me know your thoughts. 

Originally posted by @Joseph Medina:

this sounds a lot like a "her" problem and not a "you" problem. look up your municipality landlord laws and read on what you can do to either sell the house with her still in it or get her out! but it all starts with you reading about what your ordinances allow.

Thank you!

I have looked into ordinances and it seems like I have 2 practical options:

1. at some point, pursue eviction due to tenant not accommodating the sales process. 
2. if she doesn’t move out by the date I included in her notice of terminating her tenancy due to selling property, I would initiate eviction process. 

The first one doesn’t offer much benefit, as it wouldn’t be significantly faster than going with option 2. Also, option 2 has more finality, since I would be kick her out due to an exception to the moratorium (which allows for kicking out and evicting a tenant, if owner sells property). For this reason, I am thinking waiting it out and going with option 2. 

Let me know if you have any other thoughts. 

Originally posted by @Joseph Medina:

this sounds a lot like a "her" problem and not a "you" problem. look up your municipality landlord laws and read on what you can do to either sell the house with her still in it or get her out! but it all starts with you reading about what your ordinances allow.

@Joseph Medina, I can’t see your reply. 

Hi all!

I have a 3 bedroom home that I househacked. Currently, only one room is rented out to a tenant. 

In early June, I decided I would sell the property. At that time, I gave a 90 day notice to terminate the lease with the tenant who is currently occupying one room. This notice requires them to move out by the end of September  

This tenant has been challenging to deal with, both before and after I made the decision to sell. Most recently, my sales agent scheduled an appointment to take photos of the property so that it can be listed. The tenant has been refusing access to her room to do a showing because she insists she doesn’t want to show her room since it is messy. As a result, I’m having to reuse a previous picture of the room that I took, before she occupied the room. 

The tenant is not delinquent, and generally has a good rent history. Most of my challenges with them relate to her multiple attempts to demand that I need to reduce rent. However, based on what she has told me, she isn’t able to find a new place that is as affordable as what I provided her, so she is still looking for a new place (note, it has been nearly 2 months since I gave her the 90 day notice). 

So at this point, I am going to use previous pictures of her room, for the listing. 

My concern is that I anticipate she will not make showings easy, so I am anticipating that she may not allow access to her room. As a result, my agent may only be able to show everything on the property, except for her room. 

My goal is to sell the place in the current hot market. The best case scenario is that she moves out before the deadline I gave her in the notice. The worse case scenario is that she still lives on the property after the deadline, and then I end up having to start the eviction process , which would cause obvious delays on selling the property. 

Anyone have feedback on my approach thus far? Any general guidance based on your own experiences ?

Originally posted by @John Barrett:

@Kamran Rahman We have both sold and purchased properties earlier this year during this prolonged eviction moratorium.  In both transactions the tenants did receive proper notice but in both cases were still in place at closing. 

My view is investing in real estate is about solving problems.  In these cases, we knew we would have properties with problematic tenants to deal with until the moratorium ended or is struck down by the courts.  Even with these challenges the properties we have acquired will be positive long term investments for our portfolio (near term pain but long term gain). There will always be opportunities in the market to capitalize on, you just have to determine if the payoff is worth the near term challenges. 

Did you decide to invest in another market or have you moved on to a different asset class?

John

Thank you for the response. For me personally, I took the gamble of deciding to self manages a property that is rented out by the room, 3 years ago. I went into this arrangement knowing that it could be a PITA to deal with room-rentals, but figured I would take the gamble. I lost the gamble ! Lol

The amount of active management the property is requiring of me, isn’t worth it for me right now, period. 

My plan is to hold onto the gains , with the intention of rolling them into a different investor property and/or index funds in the next 1-2 years 

Originally posted by @Brad Hammond:

Hi @Kamran Rahman, my experience in Oregon has been good in that regard.  In my opinion, since the 90-day notice is valid and not subject to the eviction moratorium people tend to leave. 

 That is helpful to know. It sounds like you have gone through the process first-hand. Am I understanding correctly ?

Given the the current climate due to the moratorium, AND a hot seller’s market, I decided I am selling my rental. I have 2 tenants and already gave them their 90 day notice, and am planning for them to leave within that period. Then I plan to sell. 

What has your experience been like? Have you ended up having to evict, due to the 90 notice not being met?