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All Forum Posts by: Sean Mahoney

Sean Mahoney has started 0 posts and replied 4 times.

Post: Toledo I need You. New Investor, Looking to connect and learn.

Sean MahoneyPosted
  • Property Manager
  • Toledo, OH
  • Posts 5
  • Votes 5

Daniel, I'm the Business Development Manager for Oz Realty here in toledo. I'd love the change to show you what Oz can do for you in Toledo. Send me a message and lets schedule a time to talk. 

Post: Would love advise on purchasing in 43612 Toledo

Sean MahoneyPosted
  • Property Manager
  • Toledo, OH
  • Posts 5
  • Votes 5

I live in Toledo and work for a property manager here, when investors ask me where in the city to look at my usual suggestions are:

43612
43613
parts of 43607
parts of 43609
as well as almost all of the city suburbs. 

As far as commercial property on Lewis ave, I can tell you that this year Lewis ave has been torn up for road construction which has drastically cut back on traffic. Hopefully that will all be cleared up soon. Other than the construction that's been going on, the area isn't bad at all. 

Post: Free/ low cost Credit reports tenants can pull?

Sean MahoneyPosted
  • Property Manager
  • Toledo, OH
  • Posts 5
  • Votes 5

Credit Karma is a great app for working with your own credit. However, in my experience it doesn't show evictions or anything like that. I would not use it for tenanting properties. 

Post: First time landlord end of Lease issues, please help.

Sean MahoneyPosted
  • Property Manager
  • Toledo, OH
  • Posts 5
  • Votes 5

With a monthly rent of $1250, in a month with 31 days you'd be looking at a prorated amount of $645.16 for October, assuming her rent has been due on the 1st of each month which is most common. (1250 / 31 x 16). Any late fee you have listed in her lease would be over and above that amount.

As others have mentioned, make sure the utilities are not turned off. I know you're not in the area, I am in Toledo just south of this property and we are hitting mid to low 40's at night already. Having Utilities off in the wintertime will create a lot of maintenance issues in the spring that you don't want to deal with. Some companies will revert utilities back to the homeowner, some will not. I would double check on it just to be on the safe side. The utilities should be back in your name on the 17th which would be the first day the tenant is (supposed to be) out of the property. 

The key handoff would be best through a family member, but I don't think I would send them to a family members house. I would have her leave them on the kitchen counter and lock the front door leaving the back door unlocked. Have your family member pick the keys up the same day. Even better would be if you had a lockbox, she could just leave them in on the front door with the home completely locked up. 

Whoever you have pick up the keys, should take photos of the home. A lot of photos. You can't have too many. You'll use these photos to see what needs to be down for the turn of the unit. Painting walls, carpets all good, etc. You'll also use them to charge the tenant from her security deposit for any damage to the property that is over and above what would be considered normal wear and tear. Typically, security deposits must be remitted back to the tenant within 30 days of the move out.