All Forum Posts by: Les Jean-Pierre

Nice job. Do you list it on Airbnb or any of the other vacation rental sites?

In theory if the water bill does not get paid the entire building could have a DEP lien placed on it. Eventually, the building could go into foreclosure over a lien. It would take years but could happen. Only way I see to handle this is to get on the board and play hardball with the other owners.

Hi Jose, Thanks for the reply. I have their insurance policy information. Is it possible to file a claim directly with their carrier? And what are your thoughts about the electrical? Even if I have to pay the deductible for my insurance, it is worth it as the premium isn’t too high.

Thanks

Hi, I am a landlord of a small mixed use property. My commercial tenant removed the protective steel gates without my permission. Replacing them would cost about $7500. Is this something I can file a claim for? Also, this tenant installed an unpermitted electrical panel. Same question, can I file a claim? I am about to start an eviction action but I am not sure how much money  these guys have even if I get a money judgment against them. Thanks

I would speak to an architect on this one. Go slow. I believe FAR is the ability to build on top of your structure. So, you can add on 3400 sq feet to your building. Like I said, I would speak to an architect but if my belief is anything close to this, why would you sell that right for 100k?

I don't know if this is cruel per se. How long have they been behind? Did the landlord try to work with them? I have evicted two people and have a commercial tenant who is on the ropes and will take a huge financial hit when evicted. I try to work with everyone. Some people won't do anything till they are forced to. Maybe that is the case here, maybe it isn't. 

I have been good. I have been following you on Instagram. Yes, got the bad tenant out. Store tenants are being a pain but I have forced them to be compliant. They also have sunk so much money into the space that it is in their best interest to make it work. I use a relatively cheap WiFi based camera that works well overall. Will shoot you a pm about it.

Might make sense to kick out the tenant that let the dealer in his unit. Also, why not put in security cameras? I did and I found that the tenants act differently. Best of luck.

Hi, I use Cozy for applications, Quicken Rental Manager for bookkeeping and paypal for payments. I will note that my tenants pay directly also. I manage a three family and a condo but it works for the most part. I find younger people want to pay electronically so I try to make that easy for them.

I am in NYC but have been told that you should take to a storage facility using real movers and pay for 30 days and then send the tenant a certified letter saying where it is and if he doesn't get it, then the storage company can throw it out. Or, you leave it in the unit for 30 days.