All Forum Posts by: Kar Sun

All my tenants are required to have tenant insurance. They have a liability for a full value of my property plus I make them have personal property for $30k. 
is it advisable to have the insurance underwritten with tenant and my name on it?

I believe if something happens and the tenant only has it in their name I am unable to get the proceeds because the check will be written to them. 
Additionally , the coverage should satisfy my mortgage company where I don’t have to buy a separate landlord policy. 
what say you?

She is gone now. She was paying on time and left the place clean. However, she was highly demanding and I didn’t appreciate her negotiation method by intimidation. I really don’t need that. She was the type of person who thought that by paying rent she becomes an owner of the property. I specifically told her not to bring any witness to a final walk through , put it in writing, and sent her a text reminder. And she still brought someone else that I had to put outside while she was arguing with me that the laws support having a witness. The problem is she thinks she runs everything and she is very disrespectful. Multiple times she was talking about lawsuits. She had zero grounds for any lawsuit and she is the person I wouldn’t recommend to anyone even if she was paying on time. She has some bigger psychological issues and my rent is not high enough to deal with it. 

 thank you for your valuable comment. 

My tenant's lease is coming to a close and I am relieved she will be moving soon.

She has been paying on time but has been extremely unpleasant and rude.

While the money does not smell my mental sanity is more important than money in this case.

She sent me a registered letter stating that she feels "unsafe because we have not done the fixes the way she wanted it".

She requests to have her witness for a walkthrough.

In my state a walkthrough is required but I am not about to grant it to her to bring any witnesses as that is not in my contract.

If she feels unsafe she does not have t be present.

I also do not treat a final walkthrough with a tenant as a final sign off.

This walkthrough does not include a detailed inspection of the plumbing and the appliances that will be done after she departs.

This is simply for the visible cosmetic issues and should take less than 1 hr.  

I will treat a witness as a trespasser.

I want to really emphasize that this lady is a major headache and may have mental issues.

It is possible she has been fired from her job as well. 

Also want to add that she had multiple violations such as having a dog with her while her contract states no pets and she was contacting repair facilities and acting as my agent or pretending to be a property owner and interfering with repair process. 

She has been sending complaints to the city and to the HOA board.

Of course these complaints do absolutely nothing because we are within our rights and following a contract.

She was complaining that we did not have the right to fix our own property since we are not licensed.

She thinks she owns the place and we are merely room service.

 Buy a thermostat with a pre-set temp range. problem solved. 

 it is not under a normal use when the appliances break down.

it comes from neglect, especially when they are new.

I have already made a decision.

If I get a pushback they can rent a crappy place, not my place..there are always options...

Appliances are provided for a convenience and not a part of rent.

Tenants will be responsible and I do not have to suck anything up.

Thanks all.

Yes, my tenants will cover the appliances according to my new contract; it will be up to me to see if the tenant is worthwhile to pitch in.

I actually already have this clause but I will tighten it up a bit.

It may look silly but the new appliances are so expensive I am not willing to buy premium appliances every 5 years for my A class properties. 

Again, I am looking for the right tenant as I only have a few properties. 

tenant character and attitude are also a criteria for me. 

Greetings all.

I want to add several clauses to my contract :

1. Unacceptable conduct, such as engaging with multiple neighbors and disclosing terms of my contract to parties other than creditors or banks and libelous behavior(basically engaging in gossip with 3rd parties).

2. Pros and cons of adding early termination clause in a contract? I currently do not have one. If I let them go can I keep the security deposit until I find a tenant?

3. Tenant responsibility for all appliances. I let them use the appliances and since they use them they are responsible to fix them. That should give people incentive to take a good care of appliances.

4. Charging a fee for a technician visit for any appliances diagnostics.

How do you set the expectations from the start to avoid people with incredibly high expectations?

I am sort of tired of "I am a good tenant because I pay on time" so do an "X" for me right away; basically treating a landlord as a room service. 

Completely not interested in having jerks and dealing with them.

Please do not advise to have a property management company as I will not.

I only have a few units and I have a full time job so this is a passive income.

My rent prices are slightly below the market value.

I live in Tennessee.

Thanks