All Forum Posts by: Eli Ling

I own a commercial retail property and am looking to refinance it. The rental income is approximately $4,000 per month, but every bank I’ve spoken to only allows me to borrow up to $300,000 against the property. This is despite the fact that the property is valued at over $1 million. It seems most commercial lenders base loan amounts on rental income rather than the property’s value. Are there any alternatives to borrow against the full property value?

i can't legally kick her out, unless she keep paying later after attorney letter, but she stoped after she received the letter

thank you so much, i can't let her out just like that, i wish i can as she has drive me crazy like 20 times a year with her heating issues and others issues. i have to keep renewing her lease unless she is paying late cotinuesly or no payment or i move in by myself or i sale the property.

my tenant keep comaplinign no enough heat on her unit, but she doesnt turn on the heat 24/7, 

 she pays for her own heat, as the unit has an electric heater. We have already sent three handymen to her unit over the years to address her repeated complaints about heating. In fact, we even replaced her brand new heater. I also own another unit in the same building, and no other tenants have ever complained about inadequate heating.

I’ve advised her to keep the heat on 24 hours a day, as the lease specifies that the tenant is responsible for paying for heating costs. However, she claims she can’t afford the electric bill and refuses to keep the heater on continuously. The type of heater installed is a baseboard heater, which heats up slowly and is designed to run consistently for optimal performance. Unfortunately, she frequently turns it off to save on electricity, which exacerbates the issue.

i have also sent her extra radiator heat so can just plug in , but she refuse to use because she has to pay high electric bill.

She complained about the unit's insulation and requested that we install an additional baseboard heater( whats the use if she doesn't turn on the heat) . I believe the best solution is for her to simply use the existing heater properly by keeping it on 24/7, as intended. ( which we already told her last year she has to keep her heat 24/7, and she say no way)

Additionally, she habitually pays rent late. We’ve already sent her a formal notice requiring her to stop this behavior, and we are considering eviction if the problems persist.

how can i politely let her know we cant rplace her heat because those are building heat standar, is not up tp me to add baseball heater. and she has to run he heat 24/7. and we are not add isulations to the unit. 

also hoa, refuse to get involved.

HOA reply to me, when i tell them i notice leak on my ceiling:

HOA reply: you will need to hire a plumber or handy man to figure out the leak. The HOA only gets involved when it is common area not between apartments.

del

hi all, thank you so much for point it out, I apreciate your all respond. i hear your all.

I just learn that there is no super, just a guy to clean and take out the garbage for a fee, is a 18 unit condo. that we outsource to a hoa to be in charge. 

so i reach out to hoa pretending i am the apartment that has leak, ask for advice, her respond is the following:

you will need to hire a plumber or handy man to figure out the leak. The HOA only gets involved when it is common area not between apartments.

Thank you all for your reply

at this point , i will just ask my handyman to check abd recalking my bathtunb ,

is this good email? 

What’s your tenant’s schedule like next Monday? Please provide a few
time slots for next week so we can coordinate sending someone to check
both apartments at a time when the tenants are available.


To help me better understand and to better identify the source of the
leak, please provide a picture of your bathroom showing where the leak
is located, such as above the toilet, bathtub, or another area.

we’ve noticed that you’ve asked in almost every email, both now and in
the past to let you know when your ceiling will be repaired. While I understand your concern, repeated reminders can feel a bit pressing and unnecessary. we have to track the source of leak source first.fix the source of leak if is coming from our aparement wait sometime to make sure there is no more leak and repair the ceiling

thank you all for your replies, the leak has stoped , only happen once.

I am planning to send a handyman to check both unit. the owner doesn't live there.

best

do you guys think this is a good email