All Forum Posts by: Melanie Thomas

APM (All Property Management) has been a strong lead source over the years. For me, the best methods have been agent referrals and Google. Good luck & happy investing!

It sounds like you've been more than understanding and accommodating with your current tenant, but it seems that her financial struggles and consistent late payments are creating ongoing issues. Even though she has kept the property in good condition, the core issue remains: a tenant who consistently pays late is not ideal for your long-term goals as an investor.

In this situation, I would recommend sticking to your original plan and sending a formal notice of non-renewal. It’s important to prioritize your business and financial stability. While she has been respectful and kept the home well-maintained, the late payments are a significant red flag, especially since it’s become a pattern over the course of the lease.

You’ve found a potential new tenant with the financial stability to meet your needs, and I suggest you proceed with the screening process and hope the timelines work out for their desired move-in date. This will help ensure you're moving forward with someone who is more reliable, and it could be a smoother transition for both parties.

Good luck & happy investing!

Hi Tina, IMO never keep the rent the same. As investors, our taxes, HOA fees, and expenses never go down. I recommend increasing the rent every year, even if it's just a small amount, to set the expectation for tenants. As long as you're not pricing too far above the market rate, they're likely to stay. Good luck & happy investing!

I might be a little jaded after years of hearing unbelievable excuses for why tenants can't pay rent. He's in default of the lease agreement, and the mortgage company still expects their money, no matter what’s going on. It's been 3 months now—how long is too long? Where do you draw the line? He's definitely tugging on your heartstrings, but I recommend you start the eviction process yesterday. Good luck & happy investing!

Welcome, Cody! It’s great to hear you’ve already been soaking up knowledge through the podcast and books. You’re definitely on the right track! There’s always more to learn, but your enthusiasm and dedication will serve you well. If you have any questions along the way, especially about professional property management, I’m always happy to help. Excited to see you take the next step into your first rental property! Good luck & happy investing!

Welcome to the group, Adzo! If you have any questions about professional property management, I’m all ears and happy to help. Best of luck as you dive into real estate investing! 

Hey Rashidi, welcome! It’s awesome to have you here. With your knowledge of both North Carolina and New Jersey, you’re definitely set up for success! I’m sure you’ll find tons of great tips and connections in this community. Don’t hesitate to reach out if you need anything. Can’t wait to see you grow in the real estate world! Good luck & happy investing. 

Welcome! It’s great to see you exploring real estate as a way to secure your financial future. You’re right to be cautious—local market conditions can be tricky. It’s smart to be cautious and consider long-term growth potential. As you continue learning, feel free to reach out if you have any questions or want to connect with others in the community. Good luck & happy investing!