All Forum Posts by: Account Closed

Just had a tenant move into one side of a duplex I manage. After the first night of sleeping on the carpet in the downstairs living room they were bitten by bed bugs that night as reported by the tenant. The prior tenant and their family who was rough on the place never had an issue sharing concerns or issues with the place and did not have bed bugs during their tenancy nor the previous tenant prior to them. Currently the other side of the duplex is not reporting any issues, fingers crossed.

I'm guessing the new tenant could have inadvertently brought them in but no way to know for sure.

Since they first reported the issue a pestcontrol person has come by for round 1 of 2 treatments, that was a week ago now. The tenant just reported more bites.

Not sure what steps to take next. Any suggestions for a really good pest control person or company in the Salt Lake City area?? Realize the tenant plays huge role in this as well by cleaning and heating their clothing and bedding but not sure how else to proceed? I've shared all this info with the tenant and the pestcontrol person even spoke directly with them in terms of what to do.

Any guidance or suggestions would be greatly appreciated, I want to do right by the tenants but this is a business as well.

realize this topic has been posted a lot so here are a couple of those threads for reference, my thread I guess is more localized and my unique situation

https://www.biggerpockets.com/forums/52/topics/370...

https://www.biggerpockets.com/forums/52/topics/552...

should i just buy new appliances from home depot?

as mentioned above this is for your federal tax return and there are some nuances to what is said though generally accurate. it's boring but the IRS website does spell it out

 https://www.irs.gov/publications/p523/ar02.html#en...

How your sale qualifies. Your sale qualifies for exclusion of $250,000 gain ($500,000 if married filing jointly) if all of the following requirements are met.

• You owned the home and used it as your main home during at least 2 of the last 5 years before the date of sale.
• You didn’t acquire the home through a like-kind exchange (also known as a 1031 exchange), during the past 5 years.
• You didn’t claim any exclusion for the sale of a home that occurred during a 2-year period ending on the date of the sale of the home, the gain from which you now want to exclude.

I have a duplex that has treated me well thus far, knock on wood, and the best part is logging into the checking account and seeing the monthly balance grow (after setting aside for expenses and everything else). 

My question is, does anyone take part of those proceeds and invest in the market in an ETF strategy or something passive (or active)? I'm thinking, $100 in SPY monthly.

Curious to hear what other's do to make use of idle cash that hasn't made its way to the next deal?

I need to replace the electric stove and oven for one unit within my duplex since the current appliance is very old and has finally given out.

My initial thought is to buy a new range, $400-500, that looks nice and gives the unit appeal when prospective tenants are looking but at the same time i'm worried about tenant abuse and the cost. Sidenote, i'm thinking i'll replace the other unit's stove as well. 

Any suggestions on what others have done in this kind of situation?

Just did a simple holiday card with a check for cash.

Considered giving a discount on rent but decided against since who knows what my tenants needs are.

as always Cash is KING imo

update:

After giving X two options; one being a "buyout fee" of 2 months rent or finding another suitable tenant I heard nothing back, that was on Friday. I called X today and asked what they planned on doing, the response was "i'm going to stay for the remainder of the lease."

All of sudden X's company moving somewhere else wasn't a factor anymore.......

Anyway, thank you to everyone who gave me great insight on how to deal with this situation and how to mitigate in the future.

update:

I contacted X asking if the company X is following out of state will assist with the lease that is signed with me

assuming that X receives no assistance I will ask for a "buy-out fee" of 2 months rent, keep Nov rent that is already paid and hopefully be in a position to return the security deposit once X has a new address

I hope the idea that X's next landlord will check references is some leverage that working with me is the best interest for both of us

thoughts comments?

@Account Closed mind elaborating on "let X know you will need to enforce the lease for the remaining months" - are you saying X should continue to pay rent for the remainder of the lease?

@Christian Bors thanks!!

will talk to X about speaking to his employer

like your first option, something I'll put in my lease going forward!