All Forum Posts by: Peter Giardini

Shane... always remember that when selecting tenants your decisions cannot be made based on your concern that a child will mar the surfaces.

Families with children enjoy all of the housing protections that just about every other class does.

As for a two year old... in my experience it is the 13 to 18 year olds that are the biggest pain.

Best of luck!

Jason... congratulations. Hearing success stories like this only helps to demonstrate to everyone that success in this business is possible. And that you found a partner in Vikram through BP is just further proof of the power of what Josh has created.

Best of luck going forward!

WOW...

Focus... your problems and issues demonstrate that some people might not be the best landlords. Nothing personal... but landlording can be a tough business.

As mentioned above... tenants should never be your friends... and if you don't manage them wiht purpose from the beginning they will just take more and more.

The best advice you received in the responses is to hire a lawyer and then sell the property.

Best of luck!

Mark... it is not a matter of location. I cannot think of lender who will allow an assignment. Also, most lenders will not allow double closes... this is controlled by restricting how long the property must be held prior to another sale (deed change).

With that being said, there are ways around this restriction... the most popular is to put the property under contract in and LLC and then sell the LLC to the ultimate buyer. The purchase price for the LLC would be your assignment fee.

Best of luck!

Will... congratulations on reaching this milestone.

Your experience and insight is extremely valuable to everyone on BP.

Keep them coming!

Charles,

Great question...

While there a million things going through my mind... I think the skill that is most critical is to learn how to become a "problem solver".

Pete

Deb, fantastic job of taking the first step.

Hopefully others will read your story and develop the needed motivation to just overcome their fear and take that first step.

Keep us posted on each step of your journey.

Pete

Larry,

Welcome to BP... This is a great place to network and get your questions answered.

Best of luck!

Melinda... welcome to BP. This is a great place to network and learn. Be sure ask lots of questions... you will get many great responses.

Best of luck!

First follow the lease...

Then, you have two choices... keep the tenant and her potentially bankruptcy inducing pit bull... or demand that she get rid of the pit bull.

Don't waiver... that pit bull will cost you much more money then the loss of this tenant.

Best of luck!