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All Forum Posts by: Ervin Taylor

Ervin Taylor has started 3 posts and replied 17 times.

I would love to come, hope to see you there

Post: I need a contractor in the Denver, CO Area

Ervin TaylorPosted
  • Real Estate Investor
  • Denver, CO
  • Posts 17
  • Votes 5

I am knew to Denver area and I have finally found a property. Now I would like to know if anyone know a general contractor in the Denver area. 

Post: Can I terminate a lease, If I do not accept security deposit

Ervin TaylorPosted
  • Real Estate Investor
  • Denver, CO
  • Posts 17
  • Votes 5

@Shawn Thom will do, thanks again for the help everyone.

Post: Can I terminate a lease, If I do not accept security deposit

Ervin TaylorPosted
  • Real Estate Investor
  • Denver, CO
  • Posts 17
  • Votes 5

@Account Closed @Shawn Thom  Unfortunately gentleman I did not know any better. This was my first lease excited to get someone in the house. I made every mistake, I probably could have made, except actually take payment of funds and give them the keys. I learned a lot my first signing and plan on doing my due diligence to be more proactive. I am curious how  many forms of payments should be offered. I only ask because I personally thought everyone would love if, they could pay electronically or through a site. I am a young guy and new to this arena, but I have only paid rent through the internet and have never had to go and write or deposit a check or money order. So I assumed this would be the standard.

Post: Can I terminate a lease, If I do not accept security deposit

Ervin TaylorPosted
  • Real Estate Investor
  • Denver, CO
  • Posts 17
  • Votes 5

@Account Closed the tenant kept asking for favors before they moved in, every deadline that was given to receive funds to lease the apartment was missed. Then they wanted to have the rent prorated and move in a week later after the leased was sign and didn't have any valid reason. They did not want to pay the rent electronically which was in the lease and told me verbally that they will not pay rent on time. That was so outrageous to me, especially since they haven't moved in yet. I was shaken so I told them I would like to meet with them before I accept deposit, to explain the terms of the lease and what I expect. I printed out a copy of the signed lease so we can go over face to face. The tenant called me at 11:30 to confirm the meeting at 12 and showed up at 1:44. I was still in the area, I did not know I was going to terminate the lease until 1:16 when he texted me and said he will be their at 1:30, which he arrived at 1:44.

Post: Can I terminate a lease, If I do not accept security deposit

Ervin TaylorPosted
  • Real Estate Investor
  • Denver, CO
  • Posts 17
  • Votes 5

I will call a lawyer first thing in the morning.

Post: Can I terminate a lease, If I do not accept security deposit

Ervin TaylorPosted
  • Real Estate Investor
  • Denver, CO
  • Posts 17
  • Votes 5

That's what I'm hoping, and we are in Houston, Texas. They are just being difficult, they seemed like the perfect couple, but once they signed the contract. They wanted to move in 7 days later and wanted the rent pro rated. They did not want to pay rent according to the way it was specified in the lease. They kept changing our appointment date to meet to do the walk through.

Post: Can I terminate a lease, If I do not accept security deposit

Ervin TaylorPosted
  • Real Estate Investor
  • Denver, CO
  • Posts 17
  • Votes 5

no, 

Post: Can I terminate a lease, If I do not accept security deposit

Ervin TaylorPosted
  • Real Estate Investor
  • Denver, CO
  • Posts 17
  • Votes 5

I found a tenant for my single family home and everything was going smoothly. Once the lease was signed, there were a lot of problems that arose.  I did not accept security deposit or first months rent and told the tenant I will terminate the lease. He now is threatening me with law actions. I found this tenant through a real estate agent. I was told by other investors as long as no money was transferred, that this is legal. Please let me know your thoughts and I am open for questions. I know this is a legally binding contract because of all of the problems arose. I felt this would be a mistake on my part and the issues would only become greater.

Post: Business Line of Credit: Who Should I Talk To?

Ervin TaylorPosted
  • Real Estate Investor
  • Denver, CO
  • Posts 17
  • Votes 5
Originally posted by @Bryan Hancock:

" Lines of credit are good for certain things though." Can you please explain this in further detail. What would you consider certain things?