All Forum Posts by: Michol Murray

Hi BP Community!

I wanted to see if anyone has had issues dealing with the HOA and a tenant. My tenant has a bird feeder, that she received from a neighbor, and now that neighbor has complained to the HOA because he claims it is attracting unwanted birds(pigeons and doves). The city went to investigate my property, and found there were no issues with the bird feeder or the claim it was increasing roof rat activity in the neighborhood.

My question, what can I do to help my tenant(who is amazing) but deal with the HOA who is friends with the neighbor who is complaining? I received another phone call today from the HOA, and the manager said we could resolve this if my tenant let's the "crazy" neighbor help her with the birds. That neighbor has harassed my tenant from day one, and has continued to try to establish a friendship which she has expressed multiple times she does not want.

Thanks!

I pay for pool and landscape monthly service for my tenant on my SFH. Do other landlords do that, and if so do you include the actual fee in the monthly rental or do you charge more for the convenience of the tenant not having to be responsible for these services?

@Stone Jin, Yes, I did buy with very little down and it wasn't a smart investment at the time!

Great points though regarding cash flow and SFH, I'm actually looking in to MFH and open to any place in Maricopa, Pinal, or Pima county. For years I thought I wouldn't go the MFH route, but after being on this site, listening to podcasts, and reading a number of books I'm more comfortable and see the potential with including those types of properties in my portfolio.

Thanks for your feedback!

Thank you everyone for the great information! I'll continue my search for new properties ensuring it cash flows enough to cover my negative cash flow.

It was purchased with a loan greater then the value of the house, in order to do repair work that was needed. When your talking about selling it at a loss, what are my options? I'm familiar with short sale, but that would impact our credit and add a negative mark on my spouse's U4 potentially jeopardizing their job. Are there other ways to sell at a loss without having to come to the table with cash?

Jeff Schneider: It's in a great area in Chandler, and the only way to make it cash flow is to pay down the loan. I refi'd it once before, but was told I can't refi again because it is underwater. I'm a buy and hold investor looking to have all my properties paid off by the time I retire.

Hello BP community! I've been lurking on the site for some time, but this is my official first post. I own a SFH in the Phoenix area, was my old primary home, and decided to keep it because I knew it would finally make me stop sitting on the sidelines about owning rental property. I am looking for some advice on the direction I should go regarding my current rental and the next rental properties that I purchase. My current rental is cash flow negative and also currently underwater. I am able to manage the negative cash flow with my day to day job, although it would be nice if the cash flow was positive. Would you recommend aggressively paying down the current rental loan, so I can at least break even? Or would you continue to look for your next deal and acquire properties that are cash flow positive to make up for what your losing on the first rental? Thanks in advance..