Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Steve Nowak

Steve Nowak has started 4 posts and replied 80 times.

First, be sure that you are familiar with your state's landlord/tenant laws.

You can search online for examples of leases in your state.  Often, colleges and universities that provide housing have copies of their lease templates on their websites.  I've found those to be a good starting point.

You might also want to check with some local attorneys about how much they charge to write up an agreement.  

Also, local organizations of landlords and/or realtors provide leases for their members, although a membership fee is required.

Post: Landlord vs. Friend w/ Cancer

Steve NowakPosted
  • Boston, MA
  • Posts 99
  • Votes 28

No two circumstances are exactly alike, but I don't think that it's generally a good idea to rent to family or friends, for reasons described above.

And, I've learned to avoid social media "friendships" (via Facebook, etc.) with my tenants.

Originally posted by @Zac Newell:

@Steve Nowak yes the tenant is saying the neighbors dog barks all the time.

Then it sounds like a "he said/she said" situation. I would try to let them work it out themselves, but encourage the tenant to keep a log of the noise issues in case things get escalated, and let the HOA know that there are two sides of the story (if you haven't already).

Is the tenant also complaining, about the neighbor's dog's barking?

Post: How clean is clean?

Steve NowakPosted
  • Boston, MA
  • Posts 99
  • Votes 28
Originally posted by @Thomas S.:

Best in the future to have a no pet policy and keep in mind this is no longer a personal home it is now a rental property. No personal attachments in business.

I agree on both counts.  My first set of tenants rented the condo where I used to live, into which I put a lot of effort to make a nice home.  I was horrified by how they left the place: pet urine stains and odors on the carpet, which I had to replace.  There was sand in the refrigerator.  The appliances were filthy.  
I no longer have the personal attachment.  And I don't allow pets anymore.  If I ever were to change the pet policy, I would wait until the tenant was there for at least six months, so I could inspect his/her cleaning habits.  And I would have a very strict pet addendum including what exactly is expected in terms of cleanliness, and raise the rent to reflect the added wear and tear that a pet will bring.

Post: How clean is clean?

Steve NowakPosted
  • Boston, MA
  • Posts 99
  • Votes 28

The word "clean" is open to interpretation; your future leases should define what you consider clean (e.g., floors mopped, no pet hair, no residual food stuck on the oven, etc.)

Post: Move in fee vs security deposit

Steve NowakPosted
  • Boston, MA
  • Posts 99
  • Votes 28

Be sure to check your state and local laws.  They can vary by location.  For example, in Massachusetts, a move-in fee is not allowed.  Security deposits are allowed, subject to very strict provisions.

Have them both be on the lease from the outset, as you should do for any set of unmarried adult tenants (one or more).

Originally posted by @Kevin Phu:

If she paid until the end of June, I'd make the last day of June her move out/turn in keys/final walk through date. If she wants to move out sooner, give her back the cost of the unoccupied days of June. I would do this to keep things civil and just get her out peacefully. She seems like she'd be a horrible tenant who would try to take advantage of every little thing.

I agree, it's better to end things now, amicably.

Post: Are Application Fees worth it?

Steve NowakPosted
  • Boston, MA
  • Posts 99
  • Votes 28

Not allowed in Massachusetts.