All Forum Posts by: Matt Ziegler

Refer to the lease, that is the legal contract. What does it say about notification of the landlord if tenant status changes? Document( with dates) as much as possible, and send to last address on file. That is how we have handled this type of issue.

Disclaimer,I am not an attorney, and this is just my opinion.

Best of luck, 

Cheers 

@Brian Sparks find a local RE meet up and take the time to attend. This is a good place to meet like minded folks , BP tool “network “ good place to start.

Best of luck

@Irvin W Blouin Jr you don’t need to be an agent to buy, and invest. You need an agent on your team to help you be successful. Take action and get started, the agent or not decision can come later. Build your team and build your education, and enjoy the journey!

Cheers 

We use apartments.com and it seems to be easy on both ends.you might give that platform a look.

We had a similar issue with a duplex we purchased. Turns out that for $350.00 we could have a dumpster delivered, we told the tenants that was their chance to do the spring cleaning of their “treasures “. And then going forward they had to abide by the terms of the lease for keeping the common areas clutter free.

This worked out well for us and removed the excuses of not being able to dispose of large items.

After that first time, if debris built up we sent notice and told them we would charge a disposal fee if we had to remove items.

Hope this helps

Andrea,

Have you checked with local zoning to ensure that you can build a duplex on this lot?

If that is allowable, run the numbers and see what makes best sense. Other options may include selling this lot and investing elsewhere. Of course, if you desire to live in this area, the “house hack” route sounds reasonable.

Best of luck

Kyle,

First of all, congrats on getting started on your real estate journey. 
Our approach had been honest, respectful and direct communication in regards to rent increases, and with communication in general. Treat folks like you want to be treated. 

Consistent, reasonable (5%) annual increases should be clearly explained to your tenants well in advance of the lease renewal date. Also be sure you are in compliance with local laws. We have this discussion at about 60 days from renewal date. If they choose to move on, turn the unit and get it to market rates.

We strive to provide an exceptional product at a reasonable rate. When we hit this goal, folks stay, take care of the property, and everyone is happy!

Best of luck, Cheers!

Congrats!

Quote from @Madeleine Austin:

@Nathan Gesner, perhaps I should have clarified. I was not open-ended. We just closed Monday. I had not spoken to them. What I am trying to decide is if we should give them the option. The previous owners treated these people like chattel. That may have made them money, but I'm not continuing the pattern. Pride of ownership is on par to profit for me. After reaching out to them, they are moving on. I would have been more than happy to renew their lease on a month-to-month basis until they figured it out. Turns out talking to them respectfully and explaining the situation worked out for me this time. They don't want to live in a crumbling house, either. Repairs are moving forward and everything wrapped itself up neatly!

The best line of this reply is “talking to them respectfully “that’s the key to all human interaction. Glad this worked out for you this time and hopefully will set the stage for when you have this kind of issue in the future.

Nevin, 

First of all congratulations on taking this step.

Nathan sums this situation up quite clearly.

I suggest you follow his advice and consider this a good, and cheap learning experience.

Spend your time and energy on other more productive things. This is just part of landlording.

Best of luck on the journey!