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All Forum Posts by: Lawrence Amsterdam

Lawrence Amsterdam has started 4 posts and replied 13 times.

Post: "Can I get evicted too ?"

Lawrence AmsterdamPosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 13
  • Votes 2
GoodMorning BP nation, I have a question to ask on behalf of someone I know personally, I don't have the answer, so I really appreciate you input. We live in the state of Georgia by the way. Here's the question: "If my roommate is violating the lease, (having his guest overstaying their visit for 5 months now) can I get evicted as well ?" - Unknown Tenant.

Post: "Can I get Evicted too ?"

Lawrence AmsterdamPosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 13
  • Votes 2
"If my roommate is violating the lease, (having his guest overstaying their visit for 5 months now) can I get evicted as well ?" - Unknown Tenant.

Post: My first deal... finally

Lawrence AmsterdamPosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 13
  • Votes 2
This is absolutely amazing!! You guys just gave me a boost of motivation to hit my goal of closing on my first deal next year! I love what you did with the floors, and that paint job, well done! Can't wait to see what's next.

Post: Ideas for House Hacking

Lawrence AmsterdamPosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 13
  • Votes 2
Originally posted by @Colin Simon:

Lawrence,

I'm in the same boat as you; I just obtained a SFR and intend to house hack. I'm making the tenants sign leases for individual rooms.

However, you don't HAVE to do this. I'm in Colorado so that's the body of laws I'm familiar with: if someone begins living(3 nights or more) in one of your rooms without a lease, they automatically gain "month-to-month" rights. This means several things:
-Evicting them falls under the same rules (in CO that's ~11 days notice just to begin the process)
-If they have been paying you(for example $500 on the 1st of every month) and it is understood that this is rent, that rate "becomes" the rent in legal disputes
-Their bedroom door becomes similar to your front door. For example if it is closed and you open it without their permission, you are technically breaking and entering(whether or not they care is another matter).

 Thank you for the information Colin! This is some real good advice, i will let you know how everything works out for me, and feel free to send me any new ideas you have based on your experience. 

Post: Ideas for House Hacking

Lawrence AmsterdamPosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 13
  • Votes 2

Thank you Billie Miller. I will keep that site in mind. 

Post: First deal- Dealing with unsupportive family?

Lawrence AmsterdamPosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 13
  • Votes 2

You have to stay the course man! Not everyone will understand what you're doing and how you're doing it, even your parents. As long as the numbers make sense and you're meeting the CF target you set out for in the beginning, keep pushing! 

Post: Ideas for House Hacking

Lawrence AmsterdamPosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 13
  • Votes 2
Thank you Chris.... that's kinda what I had in mind. Would I have to make the roommates sign a lease and screen them as well ?

Post: Ideas for House Hacking

Lawrence AmsterdamPosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 13
  • Votes 2

I just have one question. What are the best ways to house hack with a single family home ?

Post: Investing near an International Airport

Lawrence AmsterdamPosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 13
  • Votes 2
Michaela G. I'm looking at the buy and hold strategy. Airbnb does not seem like a bad option, I would have to do some more research on that.

Post: Investing near an International Airport

Lawrence AmsterdamPosted
  • Rental Property Investor
  • Atlanta, GA
  • Posts 13
  • Votes 2
Michaela G. Thanks a lot.