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All Forum Posts by: Nathan Simons

Nathan Simons has started 9 posts and replied 16 times.

Post: Tenant is 3 days late on rent

Nathan SimonsPosted
  • Investor
  • Milwaukee, WI
  • Posts 16
  • Votes 8

@Steven Pool thank you! Would you recommended I give him a 5 day pay rent or vacate?

Post: Tenant is 3 days late on rent

Nathan SimonsPosted
  • Investor
  • Milwaukee, WI
  • Posts 16
  • Votes 8

Just bought our property last month and there was an existing tenant. In the current lease that he signed before we purchased the property he has to pay rent in full on the 1st. There was no late fees in the lease. Now it is March 4th and he still hasn’t given us rent. When I tried to get it from him he said he won’t have it until Friday March 8th.

What steps can I take to make this process easy for both of us. My property is in Wisconsin.

Any advice will be great!

Thank you!

@Scott Anderson I didn’t even think about giving it away for free from a Craigslist ad. Thanks for the information.

@Patricia Steiner thank you for your response!

Just bought my first rental property, but I have one problem. There is a lot of old junk left in the basement. Old mattress, bed frames, doors, furniture, garbage, etc. What is the best / cheapest way to remove all of this? Thank you!

Post: 20% downpayment in savings. Is that still the best route?

Nathan SimonsPosted
  • Investor
  • Milwaukee, WI
  • Posts 16
  • Votes 8
I am a young post grad looking to start investing in Real Estate. I am very interested in the multi family aspect of it, but let’s say I take the time to save up for a 20% downpayment on a $100,000 property. Would using $20,000 in my personal savings be the best choice on a rental property? Rather than find other avenues to buy it? Thanks!