All Forum Posts by: Kenny Dahill

@Jon A., start the process and hire a moving company.  

Inform the tenant of your reasons and by at least starting the process, it puts the heat on her to officially move out.  Just because you've filled the 7-Day notice doesn't mean you have to follow through on the eviction, it just gives you the opportunity if needed.

For Tenant B, hire a mover!  Split the cost with them.

Both will suffice.  Every property management software will have that income / expense tracking for you.

Not sure if they have text communications tho.  Typically, most software have email notices.

I believe BiggerPockets actually offers quite a few checklists and calculators.  You may want to research Tools.

@Casey Jahner, I agree with Scott.  What's the turnover cost for a unit?  If it's more than $1,200 ($100 increase per month) then perhaps it's best to keep rents where they are.

Or, present an incentive with the rent increase.  An extra $25-50 per month and you want to upgrade something in exchange.  If they've been there for 17 years, they're likely to stay with a slight bump.  And the incentive helps emotionally accept that small increase.

@Edgar Perez, If you are worried, ask for an early termination clause that waives the termination fees.  They'll say no.  Which probably validates those bad reviews a little more.

Are we actually in a recession?  Everything is booming.  There was an initial 'Covid Recession' that lasted 2 months.  Typically, it takes two consecutive quarters to label it as a recession.

Investors don't necessarily have to sell their properties to take advantage of this market.  Utilize the equity to invest in more deals and keep your property.

Yikes. But hey, buyer probably got a great deal!

As long as rents are market rates, for a 10-year tenants I'll deal with this consequence!  Junk doesn't bother me.  The odor would be my bigger concern.

My nose is forever scarred from renovating a smokers house with 18 years baked into everything inside the house.

@Alex S., congrats on the first deal!

For a single unit, consider more 'landlord software' than the commercial grade.  These are often free or more affordable.  

Rent collection is the most important feature, which is fairly standardized now.  All the other features are nice to have but most likely will be used significantly less.  Let's hope you're not having as many vacancies or repairs as rent! haha.

@Kathryn Schauer, sounds like they were trying to accelerate the move-in because they were living in a hotel.  I'd give them a $50 gift card and thank them for their patience with the refrigerator since you knew it was important to get them moved in pronto.

They're still better off than the hotel.  Plus, there are other means to live without a refrigerator.  If it was something more critical (i.e. HVAC), I would be willing to compensate more.