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All Forum Posts by: Richard H.

Richard H. has started 5 posts and replied 18 times.

Post: Area in Indianapolis (Garfield Park)

Richard H.Posted
  • New York City, NY
  • Posts 18
  • Votes 7

It seems like you are far along in the process. Have you visited in person and talked to a dozen locals? What does your gut tell you based on this? 

Post: Prop management company full rent collection

Richard H.Posted
  • New York City, NY
  • Posts 18
  • Votes 7

@kevin - I hear you and I know this is the BP mindframe and exactly how I initially thought. Then I called an attorney to discuss my plans. He told me that MA is one of the most tenant friendly states and that evictions can run into the 5 figures if a tenant wants to fight it. Perhaps that is where the property managent company is coming from, as they are a well know company in the area. The property manager recommended only going ahead with an eviction if the tenant becomes a full month's $ behind in rent.... Crazy I know. 

Post: Prop management company full rent collection

Richard H.Posted
  • New York City, NY
  • Posts 18
  • Votes 7

Hi, 

I have a property managent company for a property I recently purchased in MA. 1 month in, one tenant is $100 short on rent. My initial thought was to ask the property manager to charge the late fee as well as take the tenant to court. The property manager said to not take the tenant to court since filing the paperwork will be expensive and to not charge a late fee because they are never able to enforce it in court. Has anyone heard of this happening in MA or am I being given bad advice?

Thanks, 

Rick

Post: Allentown rental agent

Richard H.Posted
  • New York City, NY
  • Posts 18
  • Votes 7

Anyone have any recommendations on agents who can help me get my rental in Allentown, PA rented? It's currently occupied but I expect the current tenants out in about a month. 

Hi BPers,

I have two questions related to a property I own in PA, which I'd really appreciate some input on:

1) The tenant signed a lease with the prior owner (who I bought the place from). The lease expired 2 years ago, but I have a copy, and I think it switches to month-to-month. Do the terms of the lease automatically apply with me, or not because my name isn't on the lease?

2) Assuming the tenant in on a month-to-month, she told me that she intends to move in October. I ideally want her to stay another year and move out in a warmer month. Do I have any options here? If so, what are they?

Rick

Post: Lehigh Valley Investors Market Discussion Round 4

Richard H.Posted
  • New York City, NY
  • Posts 18
  • Votes 7

thanks for the heads up justin 

Post: Lehigh Valley Investors Market Discussion Round 4

Richard H.Posted
  • New York City, NY
  • Posts 18
  • Votes 7

I'm in

Post: RE Apps Crime Ratings

Richard H.Posted
  • New York City, NY
  • Posts 18
  • Votes 7

Also, keep in mind that Trulia uses a relative measure. So green does not necessarily mean safe. Rather it means safe in comparison to the area covered (you can see the footnote at the bottom of the maps).