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All Forum Posts by: Kevin Andrews

Kevin Andrews has started 8 posts and replied 36 times.

Post: Cash for keys

Kevin AndrewsPosted
  • Investor
  • Seekonk, MA
  • Posts 37
  • Votes 6

In my area I have to give 30 days notice. And then once we file for eviction the tenant then has 20 days to reply and then after day 21 we get a court date within the next 10 days. So its overall about a 60 day process. 30 days if they actually move out within the 30 day notice. Cost wise I am not sure off the top of my head, it's been a while since I've had to evict someone. I believe it is 100 for filing and execution fees. And then you have to pay the sheriff to serve the summons. 

I don't think I will have trouble finding another renter. I'm just worried about the outgoing tenants doing damage before they leave, making it cost more to fix stuff and then taking time before I can get a new tenant.

Post: Cash for keys

Kevin AndrewsPosted
  • Investor
  • Seekonk, MA
  • Posts 37
  • Votes 6

thanks for all the suggestions. Sorry for the redundancy but would I be able to give them a 30 day notice for no rea son at all and just say I am choosing not to renew their agreement for the following month? I think this is what @Radhika Miriyala was suggesting. 

Post: Cash for keys

Kevin AndrewsPosted
  • Investor
  • Seekonk, MA
  • Posts 37
  • Votes 6

Hi folks. Got a question about a tenant who I would like to have move out of my 3 unit building. 

A little background first, this tenant started a bedbug breakout in the house (I know I can not evict for this reason, as it is considered retaliatory). Also, there are some items left outside in yard that she has been asked to pick up (matress, car parts, tires), and has yet to do so. She has always paid rent on time or within a few days late, so no issues with that. But she has had a dog in the apartment and also has housed others (her grown children, and a boyfriend). Both of these issues have since been remedied (or so I think). Anyways a couple of days ago the cops were called because the boyfriend was over the house and caused a scene, threatening my tenant and waking up the other two units at 1AM. 

Long story short, anytime I get a call from anyone in the triplex, it is about the 2nd floor. Other apartments, no issues whatsoever. So I would like these people to move out. 

Some ideas I was considering:

1. Saying that I have a family member (brother, his girlfriend, and his son) that needs a place to live and giving them 30 days to move out, (they are on a month to month agreement).

2. Giving them cash for keys - Give them their security deposit plus 200 bucks or so, if they leave within 2 weeks. I've read a few posts about this and am in the process of writing up some sort of agreement, but know not to give them the cash until they are outside and the apartment is in the condition specified in the agreement (clean, everything out, etc..).

3. Filing for an eviction for reason other than non-payment of rent because of the dog and the extra tenants. However, not sure if I can do this since the issues have been remedied already.

4. Doing a combination of the family member, giving her the 30 days required, but offering her cash if she can be out sooner. So saying, "Hey my brother needs a place to stay, I am giving you the required 30 day notice, but if you can be out within 2 weeks I'll give you 200 bucks (or 100??), plus your security deposit, less any damage." I figure this way so that they don't accept just the cash for keys and then not leave when agreed upon. 

So, what does everyone think?? Feedback please.

Thank you so much for reading and for the help. Appreciate it. 

Post: Do I have to live in property?

Kevin AndrewsPosted
  • Investor
  • Seekonk, MA
  • Posts 37
  • Votes 6

You are all correct. Thank you for the responses. Won't be going through with this plan of action just to save a few weeks of time

Post: Do I have to live in property?

Kevin AndrewsPosted
  • Investor
  • Seekonk, MA
  • Posts 37
  • Votes 6

Thanks for the responses Johna and Anthony. You are right Anthony it would be taking away from genuine people. I didn't think of it that way. Don't want to start off on the wrong foot in REI and stepping over others.

Post: Do I have to live in property?

Kevin AndrewsPosted
  • Investor
  • Seekonk, MA
  • Posts 37
  • Votes 6

Hi everyone.

I'm new to BiggerPockets and have been going through the site for about 2-3 weeks now, just gathering as much information as I can about REI. I've learned a lot so far and am ambitious on keeping up the learning process.

A question about REO properties. I am in Rhode Island, and looking at Wells Fargo bank owned home. Wells Fargo promotes home ownership by allowing people who are going to live in the home 15 days from listing to make an offer, and then after 15 days offers can be made by investors.

My question is, can I put an offer in on a property in the 1st 15 days and have my brother live there for a couple of months during renovations and then rent it out or flip it? To make a long story short, I would like to put an offer in within the 1st 15 days rather than wait it out. Is this possible given the scenario of my brother living there instead of me (the purchaser)?