All Forum Posts by: Ryan McKelvey

@Tom Brickman

What items were discussed at lease signing? Did you promise a tenant repairs that never happened?

Address the concerns. Don’t ignore them. If it persists and it just seems nothing will satisfy them, offer to let them out of their lease if you feel like your time is move valuable spent elsewhere than the amount of time you are spending on the tenant. If they don’t take you up on the offer and continue to be combative, send them a cease and desist letter for harassment.

@Stephanie Hard

Tell tenants that’s a personal matter they will have to deal with and that you cannot release the security deposit until all parties have vacated the property. Check should be made out to “Person A and Person B” not “Person A or Person B”. This way both parties have to endorse the check.

@Darius Kellar

Depends on the firm and what the independent contractor agreement states. Typically you can get paid just like you would on a normal transaction, or you can negotiate a lower price and/or combine with seller concessions and waive your commission.

@David Woz

Assuming what you are saying is 100% true. Get a new property manager. Total lack of communication.

Playing devil’s advocate. What does your PM Contract/Agreement stipulate as far as maintenance/repair limits?

@Jennifer Darby so to actually answer your question. Use a speckled carpet with an 8 pound pet resistant pad it’s not that much more expensive for the higher quality pad and makes the carpet last longer. Also depending on the type of unit depends o what type of flooring I have installed. For a 1 story duplex unit LVP throughout. For a single family 2 story home LVP downstairs and carpet upstairs. For a 1 story single family LVP through all common areas and hallways all the way up to the bedroom threshold and then carpet in just the bedrooms. That way you can replace carpet in an individual bedroom and not worry about mismatched carpet seems at bedroom/hallway threshold.

@Brad Hasseler

Communication communication communication. Oh did I say communication?

@Bob Romano

Does the tenant take care of the property? What class Property is it? If it is a C class property and consistently late but keeps the property clean and communicates then hey looks like you are getting an extra $50 every month.

On the other hand why is the attorney filing for nonpayment of rent instead of breech of contract due to continuous late payments. He’s been late at least three months and a pattern has been established. I understand many states are different, but in North Carolina this is enough to warrant an eviction.

@Ted Klein sounds like he needs to establish credit. There are no fair housing violations here. I do not allow co-signers unless for specific situations such as full time college students. I have allowed co-signer in the past but the co-signer needed to reside in the same county in which the rental property was located. This is mainly for if any issues arose it would be easier to serve the co-signer with legal paperwork, etc and made clear if the the co-signer moved they were required to notify me of their Chang elf address or they would be in breech of contract.

@Keith Hackett Please keep in mind realtors work on commission. Imagine your boss asking you to do work for 2-4 weeks, then after that point deciding on whether he liked the quality of work you did, and then decided if he was going to pay you or not. You should definitely interview realtors, but do this before you decide to start looking at houses to ensure they are giving you the quality of service you want. You may think that all realtors make a ton of money, but that’s entire not true. This is their livelihood, just like your job is to you and your family. I would advise having a mutual respect for their time as they have for yours. I wouldn’t continue to show houses to someone either without a buyers agency agreement. The realtor could be spending time showing homes to another client who has respect for their time. So yes interview realtors. Always advise 3, but do this at the beginning of the process.

@Cameron Riley

What are the “things” the third party and you use as selection criteria? To me this sounds like a fair housing nightmare. Do you check credit at all?