All Forum Posts by: Maggie L.

Jeffrey,

I definitely recommend looking through the landlord guide for Missouri posted above, as well as the copy of the current resident's lease for guidance.  It is a month to month lease, so typically 30 days written notice (at the first of the month) is all that is required, BUT the tenant's lease (which you took on when purchasing the property) may state otherwise.  You should have already received a copy of the lease from the current owner, but if not get it IMMEDIATELY so you can look it over.

To be more thorough in you may want to spring for certified mail - make sure you have documentation of when it was sent and when it was received.  If you don't have a real estate attorney, it may be worth talking to one briefly.  There are also some great resources and even free classes on issues like this e.g. eviction, lease content, tenant screening through the Tower Grove Neighborhoods Community Development Corporation in St Louis.  I attended their eviction class last spring and they had many useful speakers - a real estate lawyer, police, as well as a panel of landlords.  I can send you info on this if you'd like.

The advice to be amicable is EXCELLENT, imo.  The last thing you want is someone unhappy as they move out.  One thing I'd like to ask: have you considered asking the other tenant to move out early?  There's no reason you can't alter their lease to end sooner; at the very least you can say that you tried but you're legally bound to let the person live there until the lease expires.

An offer to help them look for a new place may also go a long way to avoid a cash for keys/insurance claim due to damage scenario.  I'm a big fan of padmapper.com personally.

Maggie

Thanks!  My rehab is in the home stretch so I finally feel like I have enough time to really explore bigger pockets properly.

Hi all!

I'm a Minnesnowtan who lives and invests in South City (hacking plus fully rented) and would love to network.  I'm a member of a few local groups so I may have met some of you in person, but wanted to say hi on here as well.  I'm also an investor-friendly real estate agent for anyone who's looking for someone who appreciates the unique needs of investors.

Thanks

Maggie Lalor

Hi,

my name is Maggie Lalor and I'm an investor and Realtor in St Louis, Missouri.  I've been listening to the podcasts and reading articles, but hadn't created a profile until today.  Originally from Minnesota, I've fallen hard for the beautiful red brick homes of St Louis.   I'm also a member of some of the real estate investment groups in the area, and love any chance to talk St Louis real estate.  Feel free to message me, or come up and say hi if you see me around.