All Forum Posts by: Rachel Trubisky

Hello! 

My husband and I have one occupied rental, one property in rehab and one home that we live in that will become a rental as soon as we find our forever home. We are looking for a Real Estate Attorney in the area that we can review our options with. We aren't sure if we should put all of the homes in a new LLC for the rentals or just work off his land care LLC as a DBA. If anyone in the Columbus are has a suggestion we would love to hear!

Thanks,

Rachel Trubisky 

Thanks for clarifying Jeff. I have read a few posts that charge $15/hour for their time cleaning up stuff that should have been done prior to move out. I am not going to charge for my time but def want to be reimbursed for the damaged; even though they are minor.

Hello! I've been reading other posts and trying to come up with the best plan. I have a good idea on what needs to happen but thought I would ask for your advice. We just had our first set of tenants move out. They cut their lease short but we agreed they could move out early. We told them we would be down on the 28th to collect keys and such. When we went down to the house they were already gone. We should receive our last payment from them on 6/24 so we didn't know how picky we should be on the final inspection. Obviously we want our final rent payment but at the same time I think they should be charged with anything at the house as well. They left a huge pile of trash at the end of the curb and cancelled their pick up so I've had to try to arrange that all weekend. It should be picked up today but I'm not sure about the price. We don't allow tenants put any holes in the wall since it's an older house with plaster walls. Because of this we provide the tv mounts which was discussed before they moved in. They took the mount from the living room. Took the ice tray from the freezer's ice maker, took the sink stoppers and an ironing board holder from the hallway and cut a screen on one of the Windows. They also put a padlock type thing on one of the bedroom doors, which is screwed into the door frame and door. I know none of these are major expenses but it adds up and they clearly are in the wrong. I also spent an entire day cleaning the house because they spilled something sticky all over the fridge, they left a box that had some sort of grease on the deck which got on the side of the house the door. I've scrubbed that a few times and have managed to get it off everything but the deck boards. How would you handle this? Thanks for your help!!!

I've been reading quite a few of the past discussions about lease amendments but thought I would post our specific situation to see what your opinions are. 

We are new to the rental business. We had our tenants sign our first lease in February. Of course looking back it's always easier....we are now finding things we spoke to the tenants about on what we requested for the house but they are not in the signed lease. Examples: no smoking inside. We have a verbal agreement on this and I confirmed with them in email after talking to them....however that is not in our lease. Second example is we discussed no pets inside and that is on the posting for the house listing....however that is not in the lease either. We do take responsibility for these not being in the lease but I'm wondering if we can write up an amendment for the current lease. We also wanted to be a little more clear about yard care. The house is in a township with strict guidelines for the lawn. If the house gets cited we will be the ones with the fines as the owner. 

From what I've read as long as both parties sign and agree the lease can be amended during the duration of their original signed lease. Has anyone made similar updates to a lease mid-term? 

Thanks in advance for your feedback!

my husband and I are new to the rental business. We found a multi-family unit that we feel would be a great investment. What do you think are the best options for getting a larger loan? 

This is a 21 unit and the manager lives on site. It's 100% occupied, in a good location for rentals and has been renovated some so it's in decent condition. 

Thanks!!

my husband and I bought our first investment property in December. We aren't sure what we should be doing with the money left over from the monthly mortgage. We plan on buying additional properties in the near future. We could have the property that is currently rented paid off in 3.5 years if we put all of the collected rent on the mortgage. 

In your experience and opinions what do you recommend....paying off the mortgage or putting the money to the side and using it as additional down payment to the next property?