All Forum Posts by: Lauren Hogan

@JR M. the page was going to be a collection of properties & resources for people who live in the Greenville area to use to help invest, unfortunately, the project was never completed! Thank you for your reply. 

@Zach Evanish I'm looking at using them in Denver. Are they still a Roofstock partner? 

@Nathan Gesner I'm not too sure why they didn't come to us before with this problem. I would have been happy to address it headon months ago. 

I'll be taking your advice and be transparent about the noise between units. What do you think about spending about $1k on something to help the noise? 

@Bill S. I used my happy clause and offered them an early exit which they took. They've been in the unit for 3 months, with no tenants below the entire time. They dealt with 2 weeks of renovation noises in the unit below and referenced how annoying that was in the email exchange we had. 

To your point about the number of showings. You are 100% correct, there must be something wrong here. We've been dropping the price of the unit until we started getting a lot of inquiries which was at $1750 but no takers. We dropped the price again over the weekend and possibly will have tenants by EOD, so perhaps we didn't go low enough to make the unit worthwhile. 

Can I ask - what would you do about soundproofing/noise between units? It will be an ongoing problem. I'm wondering if spending $1k on covering hardwood floors with vinyl would go a long way? 

Thank you for the wonderful advice. Me and my partner talked a lot about this issue and decided to call them out on this issue right away. We presented a solution and will see what happens.

I sent them a nicely worded email telling them that we've noticed a lot of noise upstairs during showings and offered them an early exit on the lease. We also pointed them towards the Use of Premise wording I have added above as a reminder. Will report back on what happens! 

I need advice! I own a upstairs/downstairs duplex in Denver, purchased in October. The upstairs rented out quickly in November and we have a 6-month lease with those tenants through May 31. The downstairs, it's a garden-level, needed renovation. We finished updates in December, and placed the downstairs on the market for rent.

We've haven't had any luck finding tenants until we recently lowered the unit to a price point that meets the market. Since then, we've had a number of showings. Probably 20 in the last 2 weeks. Whenever the tenants upstairs are there, which is often as one doesn't have a job, they stomp around the unit. It's only 826 sq ft. 

At first, we thought it was an older house with little soundproofing, BUT today we watched the upstairs tenants leave the house, notice people were walking into the downstairs to view the unit, and walk back into the house to stomp around for 10 minutes and then leave again. I'm 100% positive they are doing this purposely to deter anyone from moving in below. 

Our lease with the upstairs tenants ends in May, and we will not renew with these tenants. However, what are we supposed to do in the meantime? Continue to show the unit and hope for the best? 

We used a BiggerPockets lease agreement, which contains the following under Use of Premise: 

Tenant agrees to limit use of the Premises to those uses consistent with the Premises’ clean, safe, sanitary, and habitable condition. Neither Tenant nor Tenant’s licensees or invitees shall be a nuisance or act in any manner that would interfere with the quiet enjoyment by adjacent property owners. This prohibition includes, but is not limited to, loud noises, loud music, noxious or unpleasant odors, and disruptive behavior or actions.

Advice PLEASE! 

Cheryl - thank you for catching the error, it's updated as this thread is about Tennessee! 

@Phil Wells @Tony Wooldridge thank you for the thoughtful answers. When the page is live, I'll make sure to share the link with both of you. 

@Adam D Rinehart @Cody L. if you guys can share your thoughts or findings on Houston in this thread, I would greatly appreciate it! Even a blurb about why you choose to invest in Houston & what has worked for you would be ideal. Thank you!

@Brian Levredge what is it that makes Chattanooga good for you personally? I'm assuming it's significantly cheaper than LA ;) but what else has it allowed you to do as an investor that LA/CA wasn't able to provide?