All Forum Posts by: Nataliya Isupova

Hi BP community!

I have a question and needing your advice.

Here is a background: One of our rental condos is on the ground level, is in a great neighborhood and everything would be perfect except for a tenant above our condo. In a few words, he is a 50-something single man with what looks like a somewhat unstable mental condition (bipolar maybe? But I’m not a dr to diagnose). He seemed to be friendly for the first couple of times I met him. Soon after the purchase of the condo we started work restoring it. The upstairs neighbor wasn’t happy about the noise and one day he came to our unit swearing and threatening my contractors. Fast forward, our unit was restored and renovated, we rented it out to a great tenant who moved out after a year, complaining that the upstairs neighbor was creepy and had been extremely loud the whole time. My understanding is that the neighbor was retaliating for the noise he had to endure during our renovation, but it seemed that he calmed down for a while there.

Our current great tenant just complained that the upstairs tenant woke him up at 7am hammering on something for 1.5 hours on a Saturday to the point that the ceiling drywall nails started to pop through in our unit.

Question: do I absorb the costs of repairing ceiling drywall in our rental unit in hopes of keeping the peace for my tenant and not make the upstairs neighbor wanting to retaliate, OR do I contact the owner of the upstairs unit and ask them to cover our repair expenses, knowing that they will most likely talk to their tenant which would probably make him angry and make him want to be loud and disrupt my tenant’s peace.

To be clear, there are multiple signs suggesting that the neighbor is emotionally unstable, not just the fact that he got angry because of the noise my contractors made. His landlord/owner of upstairs unit is somewhat uninterested in our experience, claiming that the tenant has been good with them.

Thank you, @Luke Trovinger ! I will most likely get a RE attorney to help facilitate. 
@Ronald Allen Barney, thank you for bringing some valuable points. We will have an inspection done for sure, and I will make sure to check for any permitted work, if any - as far as I know it should be available to public? What kind of zoning issues do I have to watch out for?

Hi BP community!

Looking for advise on how to buy off market SFH with no agents on either side. What is the process, do I need to have a RE attorney? Is there such a thing as FSBO package that some title companies offer for these specific purchases? For the background: house is NOT distressed, in a great condition, and the deal would only make sense if neither party has to pay agents' fees. Thank you!

Thank you for your thoughts, Adam. I agree with you - it seems like it would almost look like an encouragement for their breaking the lease early, if I pay for part of their rent out of my pocket. 
Their question was really surprising to me, as I don’t think I would ever ask my landlord to pay my rent for allowing me to move out earlier than I agreed to, but  everyone is different, I guess. 

I haven’t asked them to pay for the remained of the lease up front. They’ve been paying their regular monthly rent so far, with one more month left to be paid. I do have their security deposit in case I need to cover the last month. 

My very good/responsive/responsible tenant decided to move to a bigger place. They found a new place, Moved after 2 weeks from the time they first told me about it.  They moved out 1.5  months earlier before the end of their lease with me. I said ok to moving earlier, as long as they’re responsible for their remainder of the rent to me until I find someone else. 
A month later, I’m still searching, having a lot of interest but no one willing to move in earlier than when my tenant’s lease ends.
My tenant just asked me if I can terminate their lease 15 days earlier - basically asking me to forgive a half month rent. Thoughts? Is it something common to do/ask? I personally have never had it happen before and curious to have some advice/feedback. 

Thank you for your advice!

I'm new to real estate investment scene, educating myself on multiple subjects, mainly on flipping houses at the moment.
I need advise on my 1-bedroom rental property in Gunbarrel/Boulder, CO, which I bought last year. I bought it for myself to live in but due to some circumstances I had to rent it out. At the moment, I'm losing about a hundred a month on it, which makes me think if I should sell it next summer when the current lease with my tenant is over or if I should keep it as rental for now and sell in a few years with a profit (hopefully).

Here are a few things to consider:

- I can potentially break even on this rental if and when I refinance (not taking rental expenses into consideration though, just the mortgage could be covered by the rental income)

- There is a proposed apartment community to be built right across the street from my condo - twelve 3-story buildings of studio and 1 and 2-bedroom apartments, with 25% of them being set aside as affordable housing. I'm not sure if any of those apartments will be for sale, but my understanding that they will all be rentals. I wonder how this project will influence the value of my condo if I decide to sell it, and how it will influence my ability to continue to rent my condo out if I decide to continue to rent it out.

I would appreciate any advice on this matter!