All Forum Posts by: Sean Ezeamama

UPDATE: So, a moment ago she follows up with a task rabbit screenshot - the total says $305.88 dated in November - but I cant tell the service performed. 

Initially, I offered her $150 since I didn't know the total. She Paid 1,000 flat - $250 less the rent total after submitting the 305$ total. 

Thankfully the apt is all fixed and there should be no other issues in the near term - but, very interesting....

Is there anything else I should do in the meantime - Besides prepare the notice to be delivered on Monday?

@Michael Noto Its a triplex - and both other units have paid just as context 

UPDATE: This morning I sent an email letting her know that as per the written lease, theres a 2 day grace period and it's officially considered late tomorrow. 

Being that she sent over no receipts (cleaning estimate) and I previously stated my goal was to remain amicable if possible - I offered that she pay the rent less $150 by the end of the day unless she'd incur fees and I've have to proceed with formal measures. 

My plan is to serve the 10 day notice to quit for the unpaid rent + late fees tomorrow December 3rd -- any feedback on this?

@Chelsea Monk thanks, thats good advice. Nice to hear another perspective as well, I don't care wither way. And generally she has been a decent tenant so focus would be on not creating bad blood.

Hey Guys, thanks for the feedback thus far. Super helpful. 

The issue is that we never came to a resolution - She was ranting it (super long email) and I wanted to refrain from having a back and forth. In the email rant, she stated shed send receipts for the dry cleaning/apt cleaning - and she'd pay the rent lesser the fees - she never actually sent the pics or paid.

The damage was minimal - dust on shoes and a house plant.

@Chelsea Monk Good catch - I did state that I'm willing to assist, as I know the incident as a whole was inconvenient - however, I didn't appreciate her stating that she'd pay lesser rent, it wasn't an ask. You're totally right, it's the same outcome numerically - my fear is that accepting a deducted rent that she demanded with no pushback sets a pretty bad precedent. Not sure, you guys tell me?

Nonetheless I'll reach out letting her know that the rent is considered late and it should be paid or I'll have to proceed with late fees/pay or quit. I'll also restate the offer of covering the clean.

Thoguhts?

Hi Guys, 

Happy holidays - I'm a very new landlord in Philly (about 1/2 a year) in and I'm expecting 1 of 3 units to push back on paying rent this month. 

The backstory is: Last month, (I wish I could make this up) a racoon climbed the roof and made a hole on the roof & the ceiling drywall last month. I had wildlife guy come out - he instructed to cut a tree out back that the racoons were climbing, which I did promptly and then I patched the hole. The tenant volunteered to stay at her partners while this happened, think it was a few days. 

There was a metal plate over the ceiling, while the exterior work was done and early this month I had the drywall repaired and painted like new. The repair guy came outside of the time range he gave me - I think he said monday, one day job and he came back on Tuesday to finish. When he was done, the debris from the fix was on her shoes/house plants. 

She paid her rent last month!

Earlier this month - she sent me pictures of the debris after drywall was fixed AND stated that she was going to pay the rent this month -- LESS the cleaning fees. I told her to make a complete rent payment and I'd be happy to pay for her clean, she didn't respond. The email was about a page long and was more of the tenant venting. The issue is, it's the 1st and both other tenants have paid -- not sure how to proceed in this late/potentially unpaid scenario.

Questions: 

1) What do I even do if come tomorrow morning she hasn't paid. I usually collect via zelle or venmo - I have a late fee written into the lease, but how would/should I actually enforce this? What do you all normally do in sequence when rent is late?

2) I own a property in philly thats between a new construction and and abandoned home (I think PHA owns the abandoned building) -- the entire rear of the abandoned home NOT boarded so it's causing huge potential issues for my property. Is there action I can take? I've already filled the 311 forms, but not sure what that'll do.

Thanks for the feedback in advance!

I lowered the price to $1200 and days later locked down my second tenant. 2/3 units are rented, I'm about breakeven with one additional unit to rent.

Thanks so much for the kind words, will keep striving to learn and improve.

@Kevin Uzelac really cool insight -- as a newer investor in philly I'm always thinking damn it, I'd be paying a fraction of the cost had I started 2 years ago.

Let's stay in touch Kevin, would love to purchase a distressed property in 19125, 19133 or 19121 for my first BRRR.

Yes, I have been doing most of the rejecting -- I had a couple applicants recently who passed the credit check but were so low on bank verified funds it made me super nervous. 

I am getting many inquiries daily, that said, most are on facebook and a lot of them are random/instantly disqualified. I officially changed the pricing yesterday to $1200 for both remaining units. My silver lining right now is the fact that I can go down to 1050 on both units and still have positive cashflow of ~500.

My plan is to let it sit at 1200 for another 3 weeks and go down again if they're not rented.