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All Forum Posts by: Saurabh Mehta

Saurabh Mehta has started 3 posts and replied 11 times.

I have a duplex that I am currently renovating. There is currently one water meter for both units. I am thinking about getting another water meter installed to split the bills for each unit. Hoping to have tenants pay their own water bill. How much should I expect to pay for this service?

Post: Would you rent to this tenant?

Saurabh MehtaPosted
  • Burlington, NJ
  • Posts 11
  • Votes 1

@Antoinette Bailey Good point. Thank you!

Post: Would you rent to this tenant?

Saurabh MehtaPosted
  • Burlington, NJ
  • Posts 11
  • Votes 1

@Russ B. Wow...I’m glad to know that. I had no idea people would do that. Thanks.

Post: Would you rent to this tenant?

Saurabh MehtaPosted
  • Burlington, NJ
  • Posts 11
  • Votes 1

@John Teachout Thank you for your input. When I met her to show the property she was very nice and I guess I got emotional about her being a single mother and a veteran. I am a newbie and this is my first rental property. I was skeptical when things weren’t matching. But seems like I need to put my emotions aside and move on from her.

Post: Would you rent to this tenant?

Saurabh MehtaPosted
  • Burlington, NJ
  • Posts 11
  • Votes 1

@Karen O. You make great points. I appreciate your input. No, I haven’t ran a credit report on her yet. I will be moving on from her.

Post: Would you rent to this tenant?

Saurabh MehtaPosted
  • Burlington, NJ
  • Posts 11
  • Votes 1

@Cassi Justiz thank you for the advice!

Post: Would you rent to this tenant?

Saurabh MehtaPosted
  • Burlington, NJ
  • Posts 11
  • Votes 1

I have a prospective tenant who would like to move in as soon as possible.

Rent: $1200/month for two bedroom unit.

Prospective Tenant:

She’s a single mother of two children who wants to move into the property as soon as possible due to schooling for her kids.

Income:

She earns $3500/month from her current job and receives an additional $3300/month as military pension. She also gets $1300/month in child support. I have confirmed the above income via her bank statements. 

Issue:

When I called the number she provided for her previous landlord I received only great feedback. However, when I searched the landlord’s name I could not find that person owning any properties.  The address she provided on her application stating where she used to rent at belongs to someone else. When I asked her to explain this discrepancy she became very defensive and angry. She is saying that she doesn’t know if the landlords changed and that she didn’t keep track of the previous landlord. She is saying that she wants to move in and has the money to pay and I should just let her move in.

What do you guys think?

Anything else I can do for this situation?

I want to help her out and she has money to pay for it but I’m concerned about her unclear past and shady reference.

Post: Can I move my property under the LLC?

Saurabh MehtaPosted
  • Burlington, NJ
  • Posts 11
  • Votes 1

@Jay Malikowski Thanks for the article link. Much appreciated.

Post: Can I move my property under the LLC?

Saurabh MehtaPosted
  • Burlington, NJ
  • Posts 11
  • Votes 1

@Tom S. Thank you! I have an appointment with a real estate attorney coming up.

Post: Can I move my property under the LLC?

Saurabh MehtaPosted
  • Burlington, NJ
  • Posts 11
  • Votes 1

@Daniel Haberkost Thank you!