All Forum Posts by: Laura George

@Adrianne Grimm

Cash flow that baby until she moves and then fix and rent again. The water leaks need to be stopped immediately. Keep in mind that if the tenant is content living in those conditions then whatever you fix will soon return to its current condition. If the numbers work then hands off and cash flow baby!! If you need to rehab to make the numbers work then you also need a new tenant.

@Kathryne Omaits

The realtor brought you a buyer. Take the deal!!!! Or hold the property. Just remember..... a bird in the hand is worth two in the bush. Taken advantage of??You mean because the listing expired and they still brought you a buyer. I generally despise realtors because many of them are so greedy and narrow minded. But in this case I would take the money or keep the headache. Just make sure that you’re peers don’t find out that you let someone take advantage of you.

@Ryan Proffit

Unfortunately I still have a day job as an electrician. I tell everyone that I know that I’m all about real estate. It will surprise you at how many people do what you do or want to do what you do and it will build a common bond with them. When you are trying to make friends or get hired or join the club so to speak you need common ground. When you go into a job interview and one of the people interviewing you asks you about real estate you will be comfortable talking with them and you may have some common ground. Four years ago I interviewed for my current position as a maintenance electrician for a huge automobile manufacturer. I talked about real estate during the whole interview. I even told the interviewers that I would introduce them into real estate and help them along. They didn’t take my offer but they offered me the job.

@Shawn Burns

Just keep one thing in mind. The terms of the agreement are almost always voidable or at least debatable.

When tenants want to move you will not stop them. You may win in court but all parties lose will lose money or worse time in court.

We’ve had over a hundred tenants and we have only had one or two leave at the end of the term. Most people leave before or stay longer.

I try to get tenants to sign a three year lease. Sometimes they opt for a year lease and I usually give it to them.

I usually let tenants go month to month after lease expires. Unless I need leases for the bank then they need to sign.

The most important items in the lease to me are payment and maintaining the property. I like to have good rules and enforce them. Like late fees.

I say the longer the lease the better it looks to investors and bankers. And the better chance you have for less turnovers. So I recommend a three year lease.

@Antonio Verderosa

We’ve done that. I like to speak to the tenants and have them explain their agreement to me. I like to make sure that what they say is in line with the info provided by seller. I also like to reassure them and tell them my plans and I usually want them to stay and usually they do.

@Kris H.

Genius!!! I like the way you broke it down.

@Andy Mirza

Well said!!! Wow. Makes me wonder how he acquired the property. I mean the investor seems like he’s from another planet. I’m curious as to what his portfolio looks like. Because the people in my community wouldn’t do business with him.

@Jack B.

What about quiet enjoyment? Seriously? You really have to show properties while they are occupied? I never thought of doing that. Wow!!! Seems like a terrible idea. I mean I understand if a realtor has to show occupied properties but that usually only works well for retail customers when the owners occupy the property. I would never show a property while it was occupied by a tenant.

@Shiloh Lundahl

Well said.

@Jared Wild

We only sell

When we have to. He with the most real estate wins. Just like the board game.