All Forum Posts by: Oleg I.

Yes you can. Give a proper notice and don't be afraid to be confrontational. Remember, its your property.  Think about it like this: if you are running an apartment complex are you going to wait for everyone to move out? I  am not sure why everyone forgets that if tenants causes a lot of damages (in excess of the security deposit) you can just simply take them to court. Some people don't like courts, but we do. Its a normal practice for us to request a warrant of debt for property damages and collect.  

No. If I struggle with some situation like that, I would normally ask myself a question: "What would a real apartment complex manager would do in this situation?" In this situation I would not allow a roommate (pain to evict or collect) and I would not reimburse anything to anyone. We don't run charity. 

For me the answer is simple, if the gain from the sales of the property outways the amount you would get from the positive cash flow in the next XXX years and also will cover depreciation recapture tax than it would be good idea to sell.

Fire your PM. 

You can add just about anything to the lease. The bigger question is - would be enforceable in court? For example gardening and pool maintenance is fine, plumbing on the other hand is the other question. With plumbing it all depends on who caused the problem. If it’s caused by the tenant – they would pay for it. If you caused it (or it’s a pre-existing condition) you would have to fix it, or you are playing with the doctrine of unjust enrichment and some unneeded liability. We tend to do a lot of maintenance and recharge. It maintains our presence and involvement with the properties and allows us to “inspect” them without officially inspecting the property. 

I would go with applicant number one. From personal experience (as a landlord) people with kids tend to move less.