All Forum Posts by: Martin Streich

you can always call or email the tenant in regards to this matter. i personally smoke as well and just would want my tenants happy and not feeling accused as its a big problem with a lot of tenant v landlord situations around the country. you can always say you got a report of the odor of weed and was just verifying the smell with both tenants on the property. you can restate your conditions with smoking. you can always ask if they are legally able to do so as well (meaning medical card). depending on how you want to handle it, if you want to make it a legal warning to the tenant as well, you should write a written letter sent by mail stating you got a report of weed and this is a written warning in case this a problem down the road, you have evidence to show the court if it gets to that matter that this is not your first occurrence. best of luck! feel free to @ me for any additional info.

@Sami Gren  it is illegal to edit a contract midterm, even with the tenants consent. You will have to rewrite the contract. The main reasin is for a better clearance of liability. with you editing a signed contract, that has a high Probability of letting a tenant be able to void the contract and it actually happening. Regardless when that edit was made to the contract , they can still use that against you as a landlord breaching contract.

@Nathan Gesner Exactly! The only thing that changes is how many tenants theyre are, And how long the remaining lease is so you can rewrite the lease term for that amount of time. It is also great to change small but specific terms and conditions due to it not being just one tenant anymore. An example of that is tenant must pay for additional electric over flat fee / flat limit since now there is 2 occupants in the home instead of originally one. (Just an example 😅). 

@Kristian Sexton@Sami Gren she hit it on the head. 
it is more of a liability issue when it comes to adding someone into the middle of a lease term. Therefore that's why you void the contract and re-write the contract with the additional tenant and his terms and conditions as well as Qualifications and requirements for them to reside there. This is all a safety net for landlords to not have any liability from a tenant if they are providing false information. Same process as always, BG check and proof of income as most of the property owners I deal with require.

If it is in the middle of the contract term, you either have to terminate it and rewrite a contract, including the other tenant or wait until the contract is done and add the new tenant to the contract on the next lease. If the lease is month-to-month, you can do it at the end of the month. Suggested to do that earlier than later, so there is no liability on a tenant who is not on the lease paper. All liability will be put on you As a landlord otherwise.

@Michael S. Thank you!

Based off what you are looking for, I would highly suggest VA or GA, Specifically, the Atlanta area. Virginia has wholesaling restrictions, but no investor ownership restrictions. Both Richmond and Atlanta are booming cities with multiple known colleges hubbed in the center. There are multiple fix & flips All around both areas from pre-foreclosures to prior swatted homes. The asking prices are usually low and have high potential for a more more than average return. They are gentrifying , both cities heavily and consistently. Tampa is also booming due to the hurricane, but has a higher ticket on properties.

Depending on where the investment is and how successful that market is doing, I'd tear down a portion and keep Ownership The other part of land to either

A. Increase in property value as a long term hold until the right number comes around that you were looking for.
or b. Flip to another developer looking for your zoning ordinances. That's also a next door neighbor as a connection for future development projects he might be interested in investing in.

For example, most Developers in the Seattle area are taking many properties and turning them to condos since that is a booming market with high rental rates And sometimes more conveniently built and accommodating then a SFH.

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