All Forum Posts by: Steve B.

Hi Carter, How did it go? Did you find a duplex for your first place? I’m over in Centralia.

Great deal and good work on it, I enjoy reading real life posts and glad you stated you went over on renovations and didn’t sugar coat it. Are your property taxes really only $500? Here in Illinois that would be unheard of. Thanks

Great job, best of luck and thanks for sharing, it’s inspiring. 

Awesome, congrats! Very inspiring.  

amazing. That's impressive and motivating. Your hard work and determination paid off. Keep it up. I would love to hear more about the financing. 

Hi, Here's an update, we were able to get a lease signed, first month rent and deposit a few days ago. So it's working out, current tenant will be moving out by end of month and new tenant will get keys on 1st of June, he will be transferring utilities to his name on 1st also. He has a whole month to move as he is paying one month more at his current place and gave his landlord plenty of notice. So although hectic showing home several times and dealing with potential tenants the only real costs incurred was about $20 newspaper ad and fuel driving to showings. All things considered not to bad. Thanks everyone

Thomas S. 

John Anderson

Thank you for your help and support. 

Steve

@Lynn M

Vincent M.

Deanna McCormick

Chris T.

Thank you guys for all the advice.  You guys are right.  I'm hoping I will have a new tenant by then, just want to be prepared.  I have a lot of calls and a few showings so far however only a couple apps, one decided to buy instead and the other did not qualify financially. I was just using free advertising until now so yesterday placed an ad in the local paper so hopefully that gets me some more lookers.  The house should rent, it is probably at or a little under market rents for the area, just need the right person, jobs are little scarce in this area right now.

thanks again

 

Michele Fischer

Hi all, Please help me out. I have a tenant who notified me he can no longer afford to rent due to life changes(kids and work). He notified me in April and he paid rent for May stating he needs to move out at end of month and get utilities out of his name. His lease doesn't end until November 30th and it states he pays for rent and utilities for duration of lease whether occupied or not. I have already advertised it and shown it a few times with his permission. I have only received a few apps back and no viable tenants at this time. I'm hoping to have a good tenant ready by the time he moves out and if that's the case I have no problem as he gave me good notice and has been a good tenant for 6 months However, if I do not, what actions do you recommend? I am in Illinois. This is a single family home. Do I just let him leave and not pursue any payments to prevent any issues? If so can I keep deposit for lack of rent and utilities? Do I tell him ahead of time he needs to pay rent and utilities until I have a renter? Or does that put me at risk for him to damage property or set up camp and quit paying, forcing eviction? Do I wait until he's got his stuff out? Do I try to force/convince him to at least keep utilities in his name and paid until I have a tenant in place? Any advice is greatly appreciated, we are still pretty new to this game and trying to do the right thing without losing too much. Thanks, Steve

Awesome, congratulations. Enjoy it and be thankful that you've got such an early start in life.