All Forum Posts by: Landon Fillmore

BP, 

I come to you as a BRAND NEW landlord (we just closed on our Anchorage, AK 4-plex YESTERDAY and couldn't be more excited). We will be owner-occupying/house-hacking it for about a year. It is currently fully occupied and we need to notify one of the tenants that we will be occupying it within the next 2 months. My questions are: 

1. When you inherit tenants, do you need to immediately establish your own leases, or can you continue with the standing lease from the previous owner until it expires? (Any other tips/considerations/suggestions when inheriting tenants, especially multiple at once?)

2. When issuing notice that one of the tenants needs to move out, what is the best way to do that? Today is September 16th and I need them out by October 31st, so I want to give them as much time as I can, and do it all legally of course.

3. I will be rehabbing that unit with mostly cosmetic updates. There are currently some holes in the drywall that will need to be fixed, so should I charge the tenant for that damage and withhold it from their deposit when they move out? 

Lots to consider and learn, but I'm looking forward to it all. Thanks in advance for your help and advice!

@Shaun Hatton

@Kaiden Foster

Just want to 2nd the Prime Lending tip. I just spoke with another originator there named Monica, and she also mentioned the 203K program was just reopened.

@Justin R.

I'm not sure if this is the case with every base, but I just talked to the housing office of the base I'm stationed at, and they had a landlord program where they refer active duty personnel to certain properties. I'd look up the housing office for that installation and ask if there are any similar programs there.

@Cam Jimmy I believe it. I don't mind a commute, but big delays are no fun. I'm probably going to stay within Anchorage. Do you personally have any recommendations for multifamily around Anchorage itself? Nicer areas, or more desirable ones?

@Brian Christopher that would be awesome if you'll be here. I'll message you my number. Thanks!

@Allen S. That's good to know! I'd also love to talk to someone who's had some experience and success with short term rentals in the same area near Anchorage, if you know of anyone! :) 

Bill, where is the 160 spec home development you're talking about? Is that something you're involved in? 

@Tyler Bobo Thanks for the info. I'm not moving to Anchorage until December of this year, but my wife and I will likely take advantage of some cheap tickets this summer and come visit, get to know the area, and hopefully network a little further with some people in person. How much further North is Wasilla from Anchorage? Do you happen to know if people that are stationed at JBER are permitted to live that far up the road? 

@Allen S. This is fantastic, thank you! So many great people to connect with. I'll be reaching out to many/all of them, I'm sure.

Thanks again!

@Jeremy Bartlett I'll message you here shortly. Thanks boss!