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All Forum Posts by: Jeremy Hua

Jeremy Hua has started 1 posts and replied 138 times.

It sounds a lot like a QSR vs fine dining. 

Thank you for the insight.

Post: Purchasing a property with tenants in place

Jeremy HuaPosted
  • Investor
  • Columbus, OH
  • Posts 139
  • Votes 135

In my opinion, if they continue to pay on time with the current lease, keep it going. Once they decide to move, or just stop paying, then NTV (notice to vacate) them, unit by unit.

With it being a low income area, it's hard to find tenants that not only won't destroy your place, but simply pay on time.

Don't come in like a dictator demanding higher rents and new policies, unless you get the current lease, and see that it's coming to an end shortly. However, most low income renters go month to month.

Post: Tenant Applicants say the dumbest things

Jeremy HuaPosted
  • Investor
  • Columbus, OH
  • Posts 139
  • Votes 135

It's simply fascinating how 3/4 of this country lives. There is no doubt that we are outnumbered, and the wild things we hear, are actually more common than not. 

There's always some sort of drama llama of why rent isn't paid, always. If I could find a way to collect rent through a MetroPCS, Cricket, or pay as you go mobile company, I would. The mobile phone bill always gets paid, always. 

Thank you for all the replies. The rent is in line with what everyone else is asking, on the rare occasion a vacancy pops up. 

It has a lot of inquiries, but I'm going to heed to the advice given, and loosen up my screening requirements. 

It's located in Whitehall. 

Originally posted by @Ron Fletcher:

Don't knock section 8. I have a couple units in program. They cash flow well, I know I'm getting my money, and they don't want to lose their voucher so they abide by the terms.

 Hi Ron,

I'm not knocking the program by any means, only commenting about knowingly accepting a tenant that is committing fraud. 

@Scott Mullins thank you for the input. I think you're right, and that even a perfectly screened tenant, can be a bad tenant. The lady that is scamming SSA and Columbus Metro Housing authority was such a nice lady, but it didn't sit well with me to be part of that. 

On the other hand, it sounded like a good way to recoup some of my tax dollars. 🤣

Post: Tenant Consistently pays rent late, how common is this ?

Jeremy HuaPosted
  • Investor
  • Columbus, OH
  • Posts 139
  • Votes 135

My tenant was late one day for the first time for August, and it pained me to enforce our $25 late fee. They're good people, and keep the place clean. It was an error on their part, but by accident. I'll probably give them a gift card around a Christmas if it doesn't happen again. 

Post: Pre Screening Tenants

Jeremy HuaPosted
  • Investor
  • Columbus, OH
  • Posts 139
  • Votes 135

It's legal, for now. 

Post: Tenant vacated apartment

Jeremy HuaPosted
  • Investor
  • Columbus, OH
  • Posts 139
  • Votes 135

I would be sure to take photographic evidence that the tenant vacated the property, such as personal belongings are gone, etc. 

Hi everyone, 

I purchased my firs time duplex last year in what I'd call a B- to C+ area of the Columbus, OH market. I've had at least 100 inquiries, but it's been difficult to find anyone that isn't a smoker, and has at least a 525 credit score. The unit was rehabbed last year with all new ceilings, carpet, etc. 

I've had a lot of interest from Section 8 tenants, and some of them have openly told me they're lying to Columbus Metro Housing Authority to get their voucher. They're working under the table, and wouldn't qualify for the "free money" if it were reported. I chose not to participate in that. But at this point, I'm considering Section 8 just to get the other side rented.

What would you guys do? It's been vacant for 8 months now.