All Forum Posts by: Mikel Kaubfa

Just had sheriff come and lock up the property after eviction. The stove, fridge, washer and dryer belong to me. But the all the tenants belongings are still in the property and its real messy inside. Before I hire someone to remove all the junk, who can I use to check that all the appliances are working?

I am planning on renting out my primary home for 2-3 years. In the garage, I have several large cabinets for storage. I was thinking taking up 1-2 sections for my personal items and lock it up. Is this ok to do?

I have a few plumbers coming out to inspect some leaks and provide quotes. They are asking for someone to be at property, but I am out of state. I asked my property manager to meet them, but they say they can't but will install a lockbox for the plumbers to get access. This kind of upset me because I thought property managers are supposed to assist and be present in situations like this. Am I setting my expectations too high or is just setting up a lockbox good enough?

I am currently invested in 43-unit apartment syndication. The loan on the property is interest only until 2023, at which point the plan is to refinance with longer-term debt. If interest rates rise, I am wondering how this would impact plans to refinance? Could higher payments resulting from higher interest rates potential lower future returns?

Compassion is great and all, but it can easily become a slippery slope where boundaries are pushed and expectations get high. Then others hear about your compassion and bring their problems to you, expecting a break.

You simply need to try and discuss this potential issue with your tenant if you don't already have something at least such as emergency contacts in place. Regardless of a tenant physically being at the rental or not doesn't mean they don't pay rent.

When you are in the hospital or away for any other reason, your mortgage is still due. Same logic.

So, have a frank talk with your tenant about this. Maybe they already have plans to handle rent! Maybe they will vacate! But if they just go to the hospital and you're not receiving rent, you need to brush up on your eviction laws if you don't already know them.

I have a SFH, zoned SFH, that has an in-law suite that shares a wall with the main house but has no other access. It has its own exterior door and slider. It has a kitchenette with no stove.

I spoke to city previously and I wasn't able to get clear answer. Or at least I did and now Im not so sure anymore.

It has no stove, it's not an accessory dwelling unit. How can I get different renters in there?

@Tim Delaney @Nathan Gesner @Jason Bott

Thank you so much!!

It was only a day and the daily amount is like less than $50 so I’m not terribly worried about that from the insurance, I may abate that for the tenant though.

@Liwei Zhou How about putting the rent in an escrow account and draw the rent each month on the due date? That way, rent is not actually paid ahead, but guaranteed for the year, and if something happens and you have to evict, you don't have to pay rent back.

I have two rents coming to market shortly and I’ve been looking for the best small-landlord friendly, user friendly, cost-effective, method of electronically accepting and submitting rent payments to the credit bureaus. The purpose for wanting to do this is to offer a positive incentive to pay and pay on time as well as make collecting rents safer, easier, and quicker.

you can search your local government's website for that information. they usually take the prior year's rent rate and apply some adjustments for it.