All Forum Posts by: Rebecca Panosso

@Sam Nadar #271

@Darius Smith non-renewal is not eviction. It is the easiest way to get rid of a tenant. If they don’t vacate after nin renewal noticw that can lead to an eviction. However, hold over tenants are an easy eviction since there is no defense against hold over (assuming you post the proper notice). What worries you more... double vacancy or your wife having to live next to this guy. Pick your poison. Quick turns are essential to making money in this business. Cleaning, paint, floors should take weeks at most, not months.

@Sam Nadar I could be wrong but I think a few months ago there was a wholesaler as a podcast guest and he was located in Houston

@Darius Smith He is on a M2M lease so there is no issue non renewing his lease just like there would be no issue him giving you a notice that he is moving out. If he is dirty don’t offer him the opportunity to renew at a higher rate, that will just lock you into him for another year. Check your lease to see what the notification requirements are for M2M tenants. If the lease does not detail this out then review your tenant law of your state. Florida requires you give them half the rental period as notice (if they pay monthly you have to give them 2 weeks notice). My suggestion is give him 60 days to be nice but tell him he can move out sooner if he finds a place. GIvIng the extra tIme helps the odds he leaves the home In good condItIon. Your excuse is your going to update the unit :-)

I have had this situation several times and my title co always provides the form for free. They make sure the form has everything needed to make it legal so the transaction can move forward. First Service Title of Florida located in Oviedo serving all of Central Florida

In Florida you have 30 days to send notice of security deposit claim and it must be done by certified mail to last known address. Even if they owed $10,000 you could not keep a dime if you don’t properly follow the claims process. If they take you to court they will win and you will have to pay their attorney fees. Your agent should have done a contract addendum stating how deposit would be handled. This is Florida but I would bet Cali is similar

Yes. I tell them “this is your starting point any damage from here is your responsibility” I have had tenants paint a room and other issues after that inspections I had a record that the they indeed did the painting

Be careful with your States tenant/landlord laws. You may have to hold advance rent in escrow for her in until the rent becomes due. This is the case in Florida. I would rent to her with all rent and deposit in advance.