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All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 4 times.

Post: Long Time Listener, First Time Poster - New BP Member - SE MI

Account ClosedPosted
  • Investor
  • South Lyon, MI
  • Posts 4
  • Votes 1
Welcome! I live in Brighton and invest with a partner who lives in Livonia. What rei group did you join?? What are you interested in knowing about these areas?? I have a friend who's likes royal oak but the prices are high compared to something like Redford (where you could buy 4-6 doors for the price of 2 in royal oak and still get a good rental rate!).

Post: Southeast Michigan tenant 2 months past due (advice please)

Account ClosedPosted
  • Investor
  • South Lyon, MI
  • Posts 4
  • Votes 1

Wow!  Thank you all for your advice and in depth explanations; it was what I had in mind but we've only been managing properties for a year (we've been owners with a management company for 6 years). I really appreciate it!  

I'll pursue the 7 day, inform the tenant of her need to move and look forward to getting a more stable tenant into the property.

Post: Southeast Michigan tenant 2 months past due (advice please)

Account ClosedPosted
  • Investor
  • South Lyon, MI
  • Posts 4
  • Votes 1

I'm facing a situation where a tenant has not paid rent and is now past due 2 months. I'm wondering how I should proceed... this is the first issue that I've had with a tenant (we only have 3 properties).

Here are the highlights:
- The tenant is on a month to month lease
- She's not paid rent for August or September ($1245 total past due including late fees)
- We've had the property going on three months, she's a carry over tenant and has had a poor track record thus far (but in Michigan we are legally obligated to continue the previous owners lease as it follows the property - not the owner).
- I've talked with her and she's been between "I don't care about the past due rent" and "I'll give you every paycheck to get caught up"
- I've filled out form dc100a (demand for possession - 7 day notice) and plan to mail that to the tenant tomorrow

IF this is not resolved in the next 2 weeks I'm considering going to court (I plan to use an attorney for that process)!

I understand every case is unique, I'm just looking for a run down on what others would do in this situation... the tenant is between jobs, very few resources, I'm not sure she could get caught up in a reasonable amount of time and I'd (generally speaking) like her out of the property.

My options as I see them:
- file the dc100a with the court and work through the process with an attorney
- don't renew her lease and wait another 30 days before (most likely) going to court to have her removed
- try to work with her in which case it's a terribly tense situation where neither of us would be comfortable

Thanks in advance,
Mitch

I've been using - propertymanagercloud.com - for the past few months (moved over to this from spreadsheets).  I like it because it's online, managed by somebody else, is designed to help keep things consistent (I'm not very good at being consistent!).  I don't like it because it's limited features, doesn't appear to have a connection to any financial software (eg: quickbooks) but it's only $15 for the 2 properties that I manage so I'm saving $185 over the property management company we fired last year (best decision ever!).  Good luck with your search!