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All Forum Posts by: Ryan Kerrigan

Ryan Kerrigan has started 2 posts and replied 5 times.

Post: Accepting Current Leases

Ryan KerriganPosted
  • Investor
  • Grand Rapids, MI
  • Posts 5
  • Votes 0

Hello all,

I have come across a, in my opinion, good deal in my local area. I am looking at a 4plex that is off market and been going back and forth with the current owner. When we originally looked at the property, it was in the final steps of a renovation and 3/4 vacant. We are now hearing that all units are filled, within the past 2 weeks. I had concerns in regards to the type of tenant that was put into the unit, as the seller knew they would be moving on. Having reviewed the leases, there are a number of grammatical and spelling errors throughout the lease, in addition just language that is very vague or straight up contradicts itself(ie. "Rent includes all utilities. Tenats pais electric."). Yes, that is a direct quote. 

This brings me to my question. If the lease is in such bad language, can I have the tenant resign a new lease under the same terms of rental amount and length? Any thoughts on how to handle the situation? This is in MI.

Thanks!

Post: New Tenant Requests

Ryan KerriganPosted
  • Investor
  • Grand Rapids, MI
  • Posts 5
  • Votes 0

@Kathy Johnson

The only electrical appliance provided in the kitchen is the refrigerator. They also get a stove, but that is gas. 

Post: New Tenant Requests

Ryan KerriganPosted
  • Investor
  • Grand Rapids, MI
  • Posts 5
  • Votes 0

@Paul Ewing @Samantha Klein @Thomas S.

Appreciate the responses, and I definitely plan to address all the other issues. I probably should have done a more thorough inspection of all components in the unit, but had not had any complaints on any of this previously. I have not had to live in the unit, so I overlooked many of these smaller things. I know that my upper unit, which is a 2bed/1bath, has 2 total circuits basically split down the middle. The lower unit is a 3bed/1bath and has 7 circuits, with each unit having a separate breaker. I will definitely investigate it further, but it does not appear to add up.

Post: New Tenant Requests

Ryan KerriganPosted
  • Investor
  • Grand Rapids, MI
  • Posts 5
  • Votes 0
Originally posted by @Michelle B.:

Ryan Kerrigan

What about the last request do you find excessive?

 I have been living in the area, and they are all old homes. I am just outside of historic districts and the home was built in 1890. While all the electrical in the home has been upgraded/updated, there are of course quirks to a home of this era. I have run into similar issues while renting, and made due with the circumstances. I guess, to me, it seems to be a large ask to have a home rewired to accommodate a single tenant. The home has been rented for 10+ years with the wiring as is, I cant speak to if any of the tenants of the previous owner had similar complaints, but it would appear everyone else has got by.

Post: New Tenant Requests

Ryan KerriganPosted
  • Investor
  • Grand Rapids, MI
  • Posts 5
  • Votes 0

Hello Forum,

This is my first post after lurking around a bit, and was hoping I could get some direction. I currently live in a house hacked duplex, and rented out the lower unit roughly a month ago. This is the 3rd tenant I have had in the space since purchasing myself. Today, I received the below email from the tenant looking for some fixes to happen on the unit. A number of them are straight forward enough and I can answer or take care of, but the final request seems to be a bit excessive, as basically the house would need to rewired. 

This is the first I have been informed on all the above issues, as no other tenant made mention. Any thoughts would be great!

Thanks!