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All Forum Posts by: Michael Vargas

Michael Vargas has started 2 posts and replied 5 times.

I have a pretty lengthy rules and regulations added to my lease. Recently added:

There will be a minimum 5% rent increase every lease renewal. So they expect it. My taxes go up every year and so does the cost of doing business.

Recently had a tenant who we gave 100% brand new carpets before they moved in. On move out inspection, they looked fine and I didn’t notice the funky smell because I had a mask on.

A few days later we went back to turn the apartment and the smell was strong, we pulled back the carpets and on the back side you see stains every where you can imagine. Not sure how he even managed this without doing it on purpose. Barely 1 year old. We had to pay to have the carpets professionally cleaned.

Now we tell them up front, there will be a mandatory professional carpet cleaning cost taken from tenants security deposit. This was done before you moved in and needs to be when when you move out.

Post: Avoiding evictions during COVID-19

Michael VargasPosted
  • Contractor
  • Philadelphia, PA
  • Posts 5
  • Votes 0

@Kyle F. @Nathan Mellor yes it varies from state to state. 

Post: Avoiding evictions during COVID-19

Michael VargasPosted
  • Contractor
  • Philadelphia, PA
  • Posts 5
  • Votes 0

Hello all. I have a few 1 year leases ending in a few months. With this no eviction for missed rent of the tenants that are affected directed from COVID.

I was considering doing month to month leases instead of one year.

My rentals are in PA, I can still evict if it’s for non-monetary reasons.

I have no grace period in my lease, so if a tenant doesn’t pay, I can post a 30 notice of lease termination and if they don’t leave on their own then I can start the eviction process for the tenant holding over past there lease ending.

My thoughts are that this way I would lose minimum of 2 months rent ( the month they initially didn’t pay, plus the 30 days notice), but would be able to evict for the lease ending. Rather then having someone pay one month and then never again for a whole year.

Does this make any sense and if not, what are you doing to avoid tenants staying in your homes for months and not paying?

Post: Co-signer question/non renewal

Michael VargasPosted
  • Contractor
  • Philadelphia, PA
  • Posts 5
  • Votes 0

@Adam Martin thanks for your reply. That makes sense, I will send the co-signer notice also. I just finished filling out the lease termination notice. Would anyone happen to know if in PA, you need to give a reason why you are not renewing?

Not sure but was thinking of simply putting reason:  business decision. Just so if it is required, then my notice wouldn’t be missing essential information.

Post: Co-signer question/non renewal

Michael VargasPosted
  • Contractor
  • Philadelphia, PA
  • Posts 5
  • Votes 0

I have a tenant in PA, who applied along with his father/co-signer. He is on a month to month lease and as a business decision we have decided not to renew the lease. The co-signer does not reside in the unit. 
I will be sending a certified letter of non renewal to the tenant address, post the notice on the front door and email the notice to the tenant. The PA lease states 30 days notice. They will be getting sufficient notice if I did this 10/16, to be out by the end of November.

Do I or should I send certified mail of the notice to the co-signer also? 

We did a move in walkthrough and signed the form. I also plan to give instructions on what is expected of the move out process and final walkthrough. So the tenant can return keys, provide in writing the address to send their security deposit, minus any deductions is necessary. Am I forgetting anything?