All Forum Posts by: Lino B.

@John C. Understood, the tenant is fine. It is the daughter that is causing trouble and isn't on the lease to be living there so yes. I will emphasize that if they continue to go down a road. The garage isn't a shoe closet and the basement living space isn't a bedroom nor was advertised as one.

Thanks everyone. I appreciate the replies. 

I will not offer any credit and will toe the line here because what I have done is enough.

I appreciate your pov. Admittedly, I am learning as I go and I am here to solicit feedback because of that. 

A few weeks ago my tenant contacted me about mold. I looked it over and hired a mold inspector. They said the mold in the garage (basement) that was on tenants shoes and clothing was due to the humid conditions and rain. There was also mold in the basement closet and a couple of jackets had mold and some shoes. The mold crew recommended i open the closet wall due to moisture, it was behind a bathroom. Long story short, I had a leak in shower and there was some mold on floor, not terrible imho. $2000 between mold crew and plumbing. 

I told my tenant i will look into my insurance since they didn't have rental insurance (I didn't require it). I'm a fairly new landlord, year three so I'm learning as we go. Nothing is covered.

I bought them 2 dehumidifiers $250 for "bedroom" and garage

They make me work around their schedule so it is taking a bit longer to complete. 

They claim hundreds if not thousands of dollars of clothing is ruined and the kids (not the mom really) are making this difficult. The lease agreement includes mom and one kid, the daughter just moved back from college and now the son is using basement living area as a bedroom. The garage had TONS of clothing in boxes etc. The daughter calls the community to complain "im not doing anything", BS!

I offered to assist to pay some of the dry cleaning and am thinking about a credit for the inconvenience. I do NOT want to set a precedent though. I lived in the unit, had another tenant for 2 years and we never saw mold. I do not believe I am at fault and the bathroom mold is a red herring.

Looking for some advice here. Do I just repair and give them nothing? a small one time credit for inconvenience? 

Thanks all. 

Hi everyone

Two months ago I leased my townhouse to a tenant who was divorced or at least I thought so. Apparently she is right in the thick of it. Today I get a letter saying they are going to court to disperse money and that will happen in 2 months. In the meantime, she will be two months delinquent in rent. 

The money dispersed will be significant. Do I respond to the lawyer with anything other than she will be charged a late fee? Wait this out?

Talk me off a ledge, this sucks! I went through a divorce I don't need to be involved in my tenants!

Thanks!

I am renting a townhouse in Nutley that I lived in for a couple of years. The cashflow is positive (~400/mo) despite all my costs, HOA etc. I am paying it down; long term is my plan here. I bought it in 2013 so it has appreciated a bit too.... I am thinking if I bought my unit today my cashflow would be much lower.

Taxes in Nutley (or north jersey anywhere as we know) are brutal . (11k+). It is a great town that is desirable but I am not handy nor in the know enough to flip in additional to what I am doing. I am happy with a good tenant and + monthly but I will reevaluate when the lease runs out in March. I think I am better moving my capital elsewhere. 

ive been following that area closely Terry, im bullish on the area.

if your strategy is long term and its a good property i would hold. the train should open up soon and there are a handful of town with 2 distinct train lines to NYC and both are further away.