All Forum Posts by: Richard S.

 Very fun, right? I've got the lockbox and key code entry for contractor access already. I think you are right that this is sufficient. Thanks for your time.

 Love this detailed insight, especially the tips about why landlords fail. Would you mind providing a source article/book where you've seen these failure reasons? I'd like to get more details on "failure to manage the lease". Thanks for your time!

I own and self-manage a 4-plex in a neighborhood about 30 minutes from my house, 5 minutes from my place of employment. I plan to purchase an internet plan for the site and install a mesh wireless router system to boost the signal to all 4 tenants. Here is why I want to do this:

1. Use this as an optional revenue stream in providing WIFI to the tenants at a low cost.

2. Run security cameras in the laundry room (had a few issues with theft), boiler room, and the outside of the building for tenant security/general monitoring. Also can use to watch irrigation system and ensure it is running on time.

3. Install water sensors in all leak prone areas of the apartment and set up the automated alert system.

4. Use leak sensors (Yolink WIFI water sensors)  to close a mainline water shutoff valve, either automatically or from the app upon notification.

5. Control and monitor the irrigation system over WIFI with an Orbit Bhyve controller (ROI: can rain delay to save water automatically).

6. Use WIFI controlled door locks on front hallway and boiler room to allow access to contractors when I am unable to be there (not access to resident units - I will always be there when contractors are there).

Much of this likely seems like overkill, but my experience has been that installing these systems provides significant peace of mind and allows for further automation (Example: water leak: Open maintenance ticket and dispatch automatically). Any changes you would make here? Equipment suggestions? Automation hacks or podcasts/blogs I should read about this? 

Thanks for your input and time!

We anticipated this prior to making an offer and were advised by an attorney that a MTM lease in CO would allow us to simply end the lease without having to state any additional cause. As a voucher recipient in a non-section 8 unit, there are really no special protections working against a landlord. Great suggestion; thank you for the input! 

I recently purchased and investment property with a ~ 15 year tenant in one of the units (section 8 voucher recipient). This tenant has suffered a medical condition resulting in a rapid deterioration in her health. This health condition prevents her from doing much more than just using the toilet. As a result of this, she is unable to cook, clean or even shower. The condition of the apartment has suffered due to this disability as well. I just learned of this while going over the lease with her yesterday. She is not technologically savvy enough to figure out what services are available, nor does she really have the energy to fight through administrative hassle with finding services and getting answers. It appears she tried for some time but felt she was getting the run-around. She is barely able to hold a conversation without being completely out of breath. Considering she is on constant oxygen and receives a section 8 voucher, I assume she is already plugged into some assistance programs. Can anyone point me in the right direction to getting her services, and with which agencies? Is there a chance we can get her a case worker that will keep me from becoming the middle-man for her? Greatly appreciate the help!

I am currently under contract on a multi-unit building in the Denver area that is at full occupancy. Two of the units are in dire need of renovations; they have not had any updates since the 1960's so the plumbing and electrical need overhaul as well as flooring. Our plan was to allow the month-to-month leases to expire for these two tenants so that we could get into the units and make these needed renovations. The issue is that one tenant is elderly and disabled so we'd like to assist her in finding a more suitable place to live. Apparently she has been there over 10 years and has not missed her portion of the rent. I've tried calling HUD for assistance but can't get anyone to call me back. Does anyone have a need for a 1 bedroom renter, section 8 voucher? She has two small dogs that appear to be house trained. Thanks for any advice or help!