All Forum Posts by: Albert Johnson

I have a rental property in Cedar Park Texas currently occupied by tenants. The recent-huge tax increase has left with negative cash inflow of about 200-300 per month. I think we do not have much scope to increase the rent as per our property manager. Should I sell it or does it have a potential to appreciate over time? I bought it in 2017 or 2018. If I sell it, I'll buy something near Raleigh, NC. Would that be a good idea?

Depends you? Can you ride out the negative cash flow for a few years until rates may be favorable for refinancing? Are the numbers more favorable in Raleigh NC?

0 Votes

Austin, Texas

Hi,

I have a tenant that is proposing to clean their air ducts. They have been there for few months.

Would air duct cleaning fall on the tenants or landlord?

How do some of you approach this?

Thanks

1 Vote

Quote from @Richard F.:

Aloha,

You know there is a problem with random, and possibly feral, cows entering the property, but you expect your insurance or your Tenants to pay for any damage they might cost? Sorry, this is your issue; YOU need to install a proper cattle guard to keep them out, as shown and explained here:
https://www.farmranchstore.com...

I didn't know until now. I was just asking advice.

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Quote from @Chris Seveney:

@Albert Johnson

What is the actual damage and what is the cost of the repair? You may end up spending more time and effort trying to chase down money from tenants who you may not know are liable for something that is not a big cost.

Right now there is no damage. I am trying to prepare myself in the event there is damage. A few days ago there were cows on the property because the tenant had notified me. When I got there I could see that the cows footprints leading through the gate.

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Quote from @Ray Hage:

It'll be tough if a tenant forgets the gate open. Mostly likely, you will still be responsible for damages from cows (or any other large wild animal). All you can do is set up a camera at the gate that detects motion and watch it. Then, you can sort out who is leaving the gate open.

I had a somewhat similar issue with an outside faucet that homeless of Fort Lauderdale would come to use for drinking/bathing. I put up a fence with a fate that automatically closes and now rarely have an issue.

I am not sure it would be worth the expense for you to set up a gate that does this. I guess the question will be how much will it cost and are you able to raise rents to cover it. This might be something you can bring up to your tenants. That conversation alone could bring compliance as no one is looking to have their rent raised.

I might just add the liability clause on the tenant once they decide to renew the lease, and add camera's at both gates.

The gates open up to a dirt road that leads to the main road.

If there is property damage to a tenants rental due to wild animals can I withhold some of the security deposit to cover some of the damage?

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Quote from @Chris Merchant:

Good luck getting the tenant admit to it, you could notify them and then put up cameras to see who leaves the gates open just make sure to post the property is under survaillance (or speak to an attorney in the area to see if notification is needed), but in any sense I think you would also have to in writing and a signed "agreement" make the tenants aware that by leaving the gate open any damages incurred from that would be their responsibility.

Are these cows wild? It seems if they belong to a farm then the farmer would be liable for his livestock, and I don't understand as to why if it is a farm they belong too why your tenants are even using the gates that belong to the farm?

The cows are wild and they don't belong to anyone.

1 Vote

I have a rental that has a few units on the property. There are two gates to enter on the property. Recently a few cows entered the property due to the gates being left open. I took pictures of the cows footprints leading onto the property. I plan to send all the tenants a message to keep the gates closed when not in use, also to keep the property from being damage by roaming animals.

The property is close to state land and sometimes there are roaming wildlife such as cows. Once I send them a message about keeping the gates closed and if they ignore it, who would be responsible for any damage if there would be any from wildlife?

Would they be held liable? Would I be liable and make claims with my insurance?

2 Votes

Quote from @Albert Johnson:

I have a property with 3 units on the lot. I have it registered with the county as multifamily rental under one address. Two of the units have their own meter. The third has a submeter.

The problem is one tenant said they were not receiving their bill in the mail.

When one of the tenants moved in they registered their electric service with their meter. While doing that it canceled the other tenants account.

Is there any way to get 3 separate addresses for each unit? Do I contact the city?

I already contacted the post office and they said just put their names on the outside of the mailbox, which is not working

Just to add...before renting the units I check with the post office and they advise to put their names on the outside of the mailbox, which I did.

In the lease each unit is under same address, but separated as different units such as unit 1, unit 2 etc..

The only complaint is coming from 1 tenant . Before he moved in I told him to call the utility company and register it under the meter # to the house he will be renting. I recently found out upon calling the utility company that he didn't call, but registered online. Online does not have the option to enter the meter. When he registered online it canceled the other tenants account

So we finally got this Corrected.

His issue now is that the units should have separate addresses for fire purposes. If there ever was a fire

0 Votes

I have a property with 3 units on the lot. I have it registered with the county as multifamily rental under one address. Two of the units have their own meter. The third has a submeter.

The problem is one tenant said they were not receiving their bill in the mail.

When one of the tenants moved in they registered their electric service with their meter. While doing that it canceled the other tenants account.

Is there any way to get 3 separate addresses for each unit? Do I contact the city?

I already contacted the post office and they said just put their names on the outside of the mailbox, which is not working

0 Votes

Quote from @Devron Goodwine:

Quote from @Albert Johnson:

We allow pets and charge a pet deposit and monthly rental for the pet. Like most people on here at least fifty percent of renters have pets.

I did not know the percentage is that high. What price range of property would you recommend? 80k and up?

Every market is different, and I don't know your financial situation, as well as each deal.

0 Votes

Detroit, Michigan

All Forum Posts by: Albert Johnson

Albert Johnson has started 29 posts and replied 104 times.

Post: Sell or not to sell

Post: Air duct cleaning

Post: Potential Property Damage

Post: Potential Property Damage

Post: Potential Property Damage

Post: Potential Property Damage

Post: Potential Property Damage

Post: Electric Meter issue

Post: Electric Meter issue

Post: Pets or no pets.