All Forum Posts by: Harish V.

 Thank you. I actually sent him letter with a clear explanation of reasons, provided market data and photos of properties for rent, prepared a spreadsheet with the amenities for the comparable properties and included a form to return. All properties that I listed for him that were comparable and were available 2 weeks ago have already been rented. He just does not want to pay. 

 Thank you. I actually sent him letter with a clear explanation of reasons, provided market data and photos of properties for rent, prepared a spreadsheet with the amenities for the comparable properties and included a form to return. All properties that I listed for him that were comparable and were available 2 weeks ago have already been rented. He just does not want to pay. 

I have a tenant that pays on time and keeps place clean.

I also offer him a desirable place to live that is being taken care of.

To me nice tenant is not the one who expects me to subsidize their rent. 

I provide a service and a roof and that is why I have responsible tenants that I chose to have a professional relationship with.

The place has lot of very desirable amenities and has a great location..

He has been with me for 3 years and I have only raised rent $125 in all these years and last year there was no rate increase.

However, things have changed.

I have expenses, taxes and other costs that must be covered as otherwise I will be in negative..

Also, there is a lot of demand.

I sent a very nice letter to a tenant stating the data and a comparison rate with the market properties.

In my market rental properties went up 124%.

The hike is $400.

Small apartments in my area go for the same as my discounted rate for him.

But the place is spacious and is a townhouse.

He is highly unhappy.

He calls it is a money grab.

He is saying that he is under duress if he decides to stay as summer is a busy season for him.

Well, the contract ends end of summer and the rate increase letter went out prior to that.

There is no rent control in my state.

And in my state I do not even have to send rent increase letters.

This tenant makes 300K in income.

I have been nice responding to his texts but it makes me think if I actually want to keep dealing with him.

He states that my property is not worth the increase.

Well, my property is in such a location and  condition that it is difficult to find anything similar.

It is also a business.

Any one wants to share a relevant experience?

Please do not bother to send me points on how to write letters to tenants; mine was very much to a point with all the data, comparison photos, prices....

I just think if as a business person himself he does not value my business why should I renew the contract especially now he says he is under duress.

Cash flow is something you can control, appreciation is picking a good market and hoping for the best. If the deal is negative, then you greatly increase your chances of it going sideways. 

Well, yes and not after a due diligence I did. Investors from Scoutpads transitioned their investments to Techvestor. The investment model changed from what I understand, instead of investing in single STR, they created a fund. In the other hand Superhostlabs still running under the new company techvestor (this is the designing and property beautification arm of the company).

I know those facts, so I was hoping to find some of those investors to validate this information. 

Has anyone worked with or invested in Techvestor before? They provide passive income if you invest at least $25K with them and they use it to buy, hold, and sell airBnb-able properties. They're from the same guys that built Scoutpads and Superhostlabs but neither those websites are live anymore. I would like to hear from your experience if any of you is an active investor on their STR fund

i was also one of the victims of GEG. They now are.all working under new name sdirawealth. Beware of dealing with them. Any information of how to pursue the matter with them. It's nice to see you standing for your members.

BTW the properties are listed here on Bigger pockets: 

https://www.biggerpockets.com/...