All Forum Posts by: Primrose Nyahwai

@Judy Parker thank you for the support and great advice. It really warms up my heart and I feel more empowered. It’s a difficult thing to feel intimidated in your own space. I will keep my guard up for now and keep working on the next steps 

@Colleen F. thank you so much for the response. The lease was for 12 months and it says I’ve to give a 60 day notice. I’m okay doing that but 6 months is just too long and she is literally threatening and billing me into a 6month extension because she asked. I’ve been researching to find out what the NJ law says as well and it specifically says 30 is required for month to month and 60 for a year lease but this looks like the 60 days is flexible if there is a valid reason to - like receiving rent late, violation of other lease rules etc. I’ve just been referred to a lawyer and I’m speaking with him tomorrow. Stopped by the police too today and they said if she attacks me physically, then I can file a claim for domestic charges. However, they didn’t document anything. 

Hi Everyone,

I really appreciate all great pieces of advice you’ve to give here and I already regret for not asking sooner. So, I got my first and only property in 2019 - it’s a 2 bed 2 bath apartment in Jersey city where I live in one bedroom and rent out the other - kitchen and living room are fully furnished. Land-lording has been fairly easy with my first tenant and I never had to do much. However with the tenant I currently have, I’m losing my mind. Things had been great the first 10 months until recently. She had reached out to me stating that she is not renewing the lease as her goal was to move into her own place where she doesn’t share. I said no problem- this is what she really communicated when she initially moved in. 2 hours later of the same day she came to me and said she wanted to reverse her decision and extend because upon discussing her situation with the urgent she was working with, it was best to stay and fix other things that she was currently chasing in her life. I then said ok, I could extend but I want to give you 2 weeks to think about it since you sound a bit confused. I also offered to extend by 6 months instead of 12 if that was a better situation for her but only on the contingent basis my agent advised I wasn’t taking too much risk letting her out during Feb when it’s really cold and people aren’t really looking as much.

Sure enough I checked in with her in 2 weeks to have her decide on what worked for her and she said she is ok with either 6 or 12 months. I then told her if I were to choose, I would go 12 months since that’s what is convenient to me and she agreed.

However, later that month (July) she start acting weirdly. Sending her rent late without asking for approval, Coming back home at 4 am making loud noises, and cooking and setting the fire drill on during those late hours. One day I then told her to close her door and ton it down and that is when issues started. She reached out to me now wanting to change her mind and have 6 months instead. I was having weird feelings about this whole idea and wanted her to leave actually since the new lease wasn’t signed and she had started acting very entitled. I said if we’ve to extend then we need to set new rules for the ground. When I told her she needed to send her rent on time and be more respective otherwise she needed to leave at the end of the month when the lease expires on Aug 31st. That’s when we started disagreeing and she was cursing and telling me that she pays me when she wants and when she gets paid. She said she is not moving, and is demanding me to extend the lease because she knows her rights -since we’re in COVID I’ve to work with her until she is ready to move and she needs 6 months to be ready.

Honestly I feel scared in my own house since she threatened the other day. I feel like extending the lease is going to throw me into my own jail for another 6 months but I’m worried too that she might take advantage of me and stop paying. What do I need to do??

@David M.

Thank you for your response and I appreciate your insight. We're trying to by in Delaware that's why we needed to incorporate the LLC there.

Hello Bigger Pockets Family

My name is Primrose but a majority call me by my middle name - Eve- and I was introduced to BP about 3 years ago when I was a recent college grad by a very sweet woman I met at my sister’s wedding. Though I did not participate on this platform at the onset, when I joined the first webinar by Brandon, somehow I started getting the weekly articles through my email and I would read a good portion of them. They were quite insightful and that made my interest in real interest grow. Actually that is when I discovered that I might have a future in RE. Recently, I started binge listening to the BP podcast and I started from when the first podcast was launched and I’m going through each year. I finished 2013 and now I’m going onto 2014. As you can see I’ve quite a long way to go but if I finished a year’s worth of podcasts, I sure can fish all of them this year!!

2 years later I bought my first home in Jersey City- a 2 bed 2 bath condo. I rent out the other room and that helps a lot with my mortgage so I’m able to put a bigger portion of my salary towards my savings.

Now I want to take this seriously! I’ve learned quite many things from owning that condo, renting the other room, and dealing with HOAs etc. I still consider myself new to RE investing because there is still a lot I need to learn because there is still a lot I’ve not yet done.

However, from all types of investing I’ve been reading and learning about, I think I’m interested in buying to hold and renting these properties- mostly single family homes and maybe multi-family units. I’ve a group of friends who would like to invest with me - somehow I was able to pitch my plan to them and they believe me because they see how determined I am and know that I’m a person who finishes what she has started, has a good work ethic, and will do whatever it takes to get work done.

We would like to start by exploring the Delaware market and we were looking into LLCs. I've read several articles here on BP about LLC and have some base knowledge about them but I wanted to seek more expert advice here regarding how we can get started with them, some uncommon things about LLCs or incorporating in Delaware that we should know, and other things. If there are any lawyers here that are also investors in RE, I would be interested in learning from you and subsequently work with you/hire you when we eventually move forward with this.

A bit of some background about me that I didn’t share at the beginning of this post is that I’m a soon to be CPA (waiting for my license to be issued) and I work in public accounting doing Tax Consulting. I’m also an immigrant who came to this county 9 years ago for undergrad with just two suitcases and a big dream. Thankful to the founding fathers of this country and everyone else who on a daily basis sacrifice their energy, brains, time, and grit in building systems that work and in also believing in anyone who can.

Again, thanks for taking some of your precious time to help me on this and I truly appreciate your help and advice. Happy Memorial Weekend!

Best,

Eve