All Forum Posts by: William R.

Verifying reference a clear candidate rose to the top. Things usually work themselves out.

Clay, the property that you saw is what I'm leasing. Inspector was there yesterday and signed off on everything. I believe this one will be passed down to my heirs. $1300 per unit, but probably could have gotten $1400 as only 2 people who looked did not fill out applications. Looking forward the the refi payday.

I feel like a bidding war would reflect poorly upon me (greedy landlord!) and I do not want a bad reputation. I believe I am going to go with the party that is willing to sign the longest lease. I hate turnover!

I've got about 10 more folks that are interested in the units. Should have listed it for more as fast as I'm getting applications.

I'll forward you some emails from quality Old Louisville prospects if you have 3 bed 2 bath vacancies, after I have signed leases! haha

I have two available apartments in a triplex. All applicants are interested in the same unit. How would you recommend proceeding. Unfortunately several of them feel like they are entitled to the unit for some reason. It is a large apartment so it is attracting students.

Questions:

1. Is it legal to select tenants based on them having fewer occupants?

2. Can I ask all of them to bring their best and highest offer? haha

3. I believe one set of tenants will also be quieter, can I discriminate based on that belief? Considering there is a young family with baby in an adjacent unit.

Thanks!

That sounds great Andy, but there are expenses that go along with evictions. Have you evicted a tenant for violating a policy such as this? Most of my evictions have cost me more money and time than if just let them out of the lease and moving on.

I stopped by this morning to have the tenant sign a termination agreement and inspect the unit. He signed the agreement with a specified termination fee and a final inspection on Wednesday. An exterior door is destroyed, mirror in bathroom shattered, kitchen range need to be replaced, and the place is a mess, so its not going to be a cheap turnaround. Surprisingly our conversations have been very easy, I'm guessing cause he's stoned...

I am pretty comfortable with my screening process as I check: Credit, criminal, evictions, and bad checks. I require a copy of their drivers license, 2 previous pay stubs, I contact all references, and verify previous rental history. He was moving out of his fathers house, who cosigned on the apartment because he did not meet the minimum credit score requirements. His father is an account executive at a major corporation. He had not previous drug charges, so not sure how else I could have prevented this.

I was showing another apartment in that building today after I met with the tenant and they asked: "Does it always smell like weed in here?" My response: Yhey will be out on Wednesday, so please disregard the smell...

Thanks for the input everyone!

Thanks for all of the input! I have decided to use a lease termination agreement, and enforce my leases early termination clause. I'll enforce the 2 month early termination fee as specified in the lease and return his security deposit when he has met the obligations of the agreement. This tenant has been a headache, so this probably is best for both of of us.

If he refuses to pay an additional months rent, how should I proceed? My lease states that the security deposit is only held for property damage. I should probably change that on my lease in the future.

I have a tenant who was burglarized last night. He called me at 2am instead of the police. He notified me this morning that he is moving out and "will pay rent for March, but then he is done". He has still not filed filed a police report. This is the second time someone has burglarized his apartment and he has not filed a police report. I know he is into drugs and has had LOTS of visitors at his house.

What are my obligations?

Can I request a police report before I release him of the lease?

How should I proceed?

Thanks!

Welcome to the community.

Welcome to the site fellow Louisvillian.

Welcome to Bigger Pockets. I always love seeing fellow Louisvillians. YOu found a great resource.