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All Forum Posts by: Scott James

Scott James has started 3 posts and replied 8 times.

You don't want to damage the relationship, it is awesome that you guys have that kind of relationship.

Cut him a check for at least 10% of your profit. $3000!

Good story!

Post: I'm having trouble finding tenants...

Scott JamesPosted
  • Investor
  • Omaha, NE
  • Posts 8
  • Votes 0

I would second the suggestion to make sure to redo your craiglist ad every day so it is always at the top.

And not having your phone number on their probably costs you some leads.

Post: Mold

Scott JamesPosted
  • Investor
  • Omaha, NE
  • Posts 8
  • Votes 0

Any updates?

Post: How does the eviction process work?

Scott JamesPosted
  • Investor
  • Omaha, NE
  • Posts 8
  • Votes 0

So I am working on getting my first duplex up and running. But one thing I still don't understand is how eviction actually works. I live in Omaha, Nebraska.

Forgive my ignorance please!

Here is how I understand it.

6th comes around with no rent and you give them a "Pay within 3 days or Quit" notice.

9th comes around. You officially file paperwork to get put on an eviction docket? Does that mean you have to wait tpo get a court date or do you get it at that time? Timing varies I assume, a couple weeks to a couple months?

Then after the case if the landlord wins can they call the police to have the tenant removed? Or do they have to wait for them to get around to it?

How long does this process usually take in total? Sounds about 6 weeks to 2 months.

Post: What to do with first income property?

Scott JamesPosted
  • Investor
  • Omaha, NE
  • Posts 8
  • Votes 0

@Michael Thanks for the response! I will definitely check out the podcast.

One question we thought about is who would mow and shovel and what to do about the garage?

I originally assumed we HAD to separate the utilities if we had 2 units. But my wife pointed out we could just pay the utilities for the whole dwelling and that would just be part of the rent. Is that okay to do with 2 units?

An idea we talked about tonight was having the 3 bedroom upstairs be 1 unit (probably a family, the grade school is good) and the lower unit being a rent the bedroom unit.

Post: What to do with first income property?

Scott JamesPosted
  • Investor
  • Omaha, NE
  • Posts 8
  • Votes 0

I am not sure this is the right forum but my question is essentially what will be best to attract renters.

Back story: I am closing on an income property (my first). It was a HUD house and I got it for $43K. It is assessed for $107K. It is in a nice working class neighborhood and most houses are valued around or more than $100K.

House is ~2200ft. Two floors. 1 garage. Top floor is 1100ft 3/1. Has a kitchen, dining and living room. Mostly wood floors throughout that need refinishing. Basement is smaller because of a utility room. It is 2/1 and has a kitchenette and a large living area. It needs serious floor help, probably laminate quick step type product.

I feel like I have 3 options with the property and that is essentially what I am asking, looking for advice on.

First: What I think I want to do the most (right now at least) is split it into two units. There is two doors on the top floor accessed by a deck and 1 in the basement/lower walkout. My biggest concerns are I don't know what it will take to get them metered separately, different residences, etc. One advantage would be I could do the top floor first because it will rent out for more (bigger and nicer) and then do the bottom floor later.

Second Option: I don't even know what to call it but I have seen it mentioned on here is renting rooms with utilities paid. I didn't even know this was an option or legal. But there is 4 rooms and 2 baths so I guess I could have 4 tenants.

Third Option: is leave it as a single family dwelling.

Place needs some work, drywall fixes, floors done, appliances etc.

Any answers, comments, advice, etc. is greatly appreciated.

Post: Closing on First income property

Scott JamesPosted
  • Investor
  • Omaha, NE
  • Posts 8
  • Votes 0

Hi all,

my name is Scott and I am a serial entrepreneur of sorts. I was alerted to an HUD house listed at $40,000 in a good neighborhood close to mine. It is valued at $100K and all the houses around it are valued at more. So I took the plunge and they accepted my offer.


I am getting ready to start my adventure in investing and property managing.

This site has already been immensely helpful and I think I have read the 5 or 6 most recent pages on the "renters" forum.