All Forum Posts by: Account Closed

Without reading the rest of the replies, congratulations on buying your first dump. We've all done it, and unfortunately, you'll be dealing with crap tenants most of the time. 

It sounds like you have compassion, and they smell your weakness. Start the eviction process now, get a clean slate, and stick the right tenant in there. 

You'll need to post a notice to vacate, not an eviction. You have no obligation to continue a month to month lease. Just let them know you're no longer renewing the month to month lease. 

Best way to learn, is to get burned on a deal.

Heard that furnace filter needs changed out.

How do you file an eviction with the county, get rent payment, and keep repeating it over and over? I used to never read the forums, but it seems to inundated with stories like yours. Properties within reach for the normal income folks appear to be C neighborhoods, and attract nothing but crap tenants. I want to say, "sold a lie" about the Dream of passive investing, but it's our own fault for not doing due diligence. Of course, bad luck is a factor, also. From the outside, I'm sure you and your spouse hate the idea of being landlords, and wish you could rewind the entire decision. I have a hunch that she's going to move in next door, should you successfully evict her. And then, they're going to cause hell for you for another year. Sorry to hear that you're bleeding out money. Someone is making money in this game, but it's the flippers, and those selling the dream. All that being said, I do believe there's passive income available in real estate, but it requires A and B properties, and multi-family, such as whole complexes.

If the history shows that they've always paid on time, and rarely gave the previous landlord any hassle, I wouldn't even press for the extra $25. It's going to cost you more than that to turn the place.

Where in Columbus are you looking? I have a duplex in Whitehall, and rent for $675, includes water and trash. It's a 2BR 1 BA, 800sq.ft per unit.

I look in the county clerk of courts records. 

Either a great friend, or was a friend. 

It's slow money, especially if you're against leverage. 

Properties are at peak prices right now, so it's kind of a bad time to get a decent place. 

I'd suggest looking into a poorly managed place, owned by a mom and pop, that are out of towners.