All Forum Posts by: Lakshay G.

Congratulations Pancham. Godspeed. I will be in your shoes in 5 to 7 years. All the best...

Maryland multi family market is not good my friend. Just sharing an area that is NOT as good as compared to others. 

Thank you Taylor for replying. Let me rephrase dear. Here's a scenario. A person gets bit by their dog on my property. Legally, I'm liable as well as the tenants. What's the best way to protect myself from this? Am I thinking too much? 

Hello, 

I am getting a tenant with a pet for the first time. What should I ask for regarding a pet coverage in their renters insurance policy? I don't know the "proper' words to ask them to get and what amount? I ask for $100,000 but not sure regarding the pet part. Any suggestions? 

If I'm thinking too much, let me know as well :)

Thank you

It's funny I came across this topic. Sorry, not funny at all actually. I'm kind of in same situation as you are. The tenants in Brooklyn Park don't cut the grass on time. They have a lawn mower but they don't cut it in a timely manner. So, they're leaving next month but that's the only problem I had with them in the past. Other than that, they were great tenants. In my next lease, I'm going to mention that if the lawn doesn't look neat (5 inches or more of grass), I will inform them to cut it within 2 days or I will have the grass cut and add the bill on their next monthly rent. Now, it's a different story whether they pay me or not, I'm damn sure it will be a conflict for sure. 

Another fact is, which I learned from another experienced investor that you can have a 100 page lease and write down all kinds of fancy points BUT there's only a handful topics that actually will be legible if the case goes to the court. Yes, the fancy long lease will help up to a certain degree to enforce your rules on the tenant but it depends person to person. Do let us know how to resolved this please. 

Wish you the best @Morgan Biggerstaff

Congratulations buddy. Some people I’m sure will say or think that you got lucky that you knew an investor and he/she helped you. But they won’t see your hard work and sweat that you put in to achieve your success. God Bless.

Thank you for you reply Ned. 

Thank you Michael for the detailed answer. Although you aren’t in MD, still you took time to write out an answer. I really appreciate it

Okay. Thanks Bryan. Let’s see  if somebody else joins this forum. 

 And as far as the rental amount goes, I don’t see how that’s discriminating because it’s not bad the tenant cares how much the government is paying the landlord, because the difference is not going in her pocket.If somebody should have a problem with this, it may be the government.