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All Forum Posts by: David Spurlock

David Spurlock has started 0 posts and replied 33 times.

That's wonderful to hear Alex! How was the switch to commercial? Was there another learning curve?

Where is the 50k coming from? 

The seller usually pays the commissions. Although with the NAR settlement you may need your RE agent to negotiate that in.

Are you looking to purchase more RE in the near future? If so put less money down, eat the cost, and use the saved money for the next one. 

Your "good cashflow?" question depends entirely on the area you are investing in. The lower the class area the higher the cashflow you should be receiving.

Hey @Drew Sygit, Can you expand on "Old advice" and "new realities?"

Post: Inherited tenants questions

David SpurlockPosted
  • Posts 33
  • Votes 10

Hey @Tom Ochieng,

The next move is to wait. If you are not familiar with the eviction process I would start researching it for your area or speak with an attorney. For future reference, what @Charles Carillo said is very good advice. The next move (On the day they were supposed to be out by) is to either move in or start the eviction process.

@Fareen E. @Steve K. @Caria Mitchell

I looked further into this topic and I stand corrected. You were correct that you can discourage/block an applicant from applying without breaking a fair housing policy if your application process requires them to tour. 

Quote from @Kevin Sobilo:

Also, keep in mind that not all rentals are subject to fair housing law. So, landlords of exempt units don't even have to be concerned at all. 


 I'm interested. What rentals are not subject to fair housing law?

Quote from @Kevin Duong:

I'm currently house hacking with a mid term rental strategy and considering renting out two rooms in my property to a single tenant. The property is a 3 bedroom, 2.5 bathroom townhouse. My girlfriend and I occupy one of the bedrooms in the home. 

We're contemplating allowing pets, as there will be no other roommates besides us and we don't have any allergies.

Questions:

- Considerations for Allowing Pets: What factors should I take into account when renting to tenants with pets?

- Commonly Allowed Pets: Which types of pets do landlords typically permit in rental properties?

- Pet Policies and Agreements: What are the best practices for creating pet policies and agreements to protect my property?

- Insurance Implications: How might allowing pets affect my homeowner's insurance, and what steps should I take to ensure proper coverage?

- Legal and Regulatory Concerns: Are there any local laws or regulations in Fredericksburg, Virginia, that I should be aware of regarding pets in rental properties?

- Tenant Screening for Pet Owners: What criteria should I use when screening potential tenants who have pets?

    I appreciate any insights or experiences fellow investors can share on managing rentals with pet-friendly policies.


     I'm considering doing the same thing. Let me know how it goes for you

    Quote from @Steve K.:
    Quote from @David Spurlock:
    Quote from @Steve K.:
    Quote from @David Spurlock:

    Hey @Fareen E.,

    You've gotten a lot of feedback here saying you are in the clear to decline them. However, I would disagree. I do the majority of my leasing on Facebook and Zillow and I never ask for an ID. You need to think about this from the tenant's perspective. While Facebook Marketplace isn't the sketchiest site (craigslist), I personally would never give my ID across it. If the only indication that he is difficult is not wanting to send his ID to a stranger on Facebook, I wouldn't blame him. 

    You are more than welcome to decline a showing because he is not comfortable with your requirements, but you are not allowed to discourage someone from applying to your apartment. That is an easy way to get a Fair Housing Violation case.


    Lastly, why do you care who is looking at the property? When they apply is when you should confirm their identity. 


     Asking for ID as a requirement to show a rental is not a fair housing violation, and there are plenty of reasons why a landlord should care who is looking at their property, theft and their own personal safety being the first 2 that spring to mind, followed closely by not wanting to waster their time. If someone isn’t willing to provide ID, they are not a serious applicant and possibly a scammer, so it’s a good screening tool to weed out the tire-kickers and sketch balls. My PM asks for ID as step #1 for these reasons. 

    @Steve K. Please take a minute to reread what I wrote. You can deny a showing, but you cannot prevent/discourage someone from applying. That would be a fair housing violation. 

    "there are plenty of reasons why a landlord should care who is looking at their property, theft and their own personal safety being the first 2 that spring to mind, followed closely by not wanting to waste their time" These are valid reasons but depend greatly on your market and who is showing the property. 

    Theft - No one is going to steal while you are there. Someone planning on stealing anything of worth is going to do it while you are gone. You could argue that they are using the tour to scope out the building. However, a simple security system would deter this.

    Personal Safety -  I assume you are using their ID to run a background check and deciding if their history affects your safety, correct?

    Wasting Time - @Fareen E. I've found this to be super helpful: When someone inquires about the property Thank them and Send them the pre-requirements (Income, credit, no evictions) and ask if they meet them. The vast majority of them will out themselves and you can decline to show the property. 


    Oh boy. First day on the job? They don’t steal in front of you, they come back later and steal. Security systems are easily outsmarted, that’s the point of the initial visit, to case the joint. Or they run a scam where they pretend to be the landlord and steal prospective tenants security deposits. Or any number of other scams. Asking for ID for a showing is a pro move. You should be doing this IMO. There’s no risk and all reward because if somebody can’t provide ID, they’re not going to be able to rent from me anyway. 


     Again, you're repeating what I have said. Sounds like you have a pretty poor security system.

    Quote from @Steve K.:
    Quote from @David Spurlock:

    Hey @Fareen E.,

    You've gotten a lot of feedback here saying you are in the clear to decline them. However, I would disagree. I do the majority of my leasing on Facebook and Zillow and I never ask for an ID. You need to think about this from the tenant's perspective. While Facebook Marketplace isn't the sketchiest site (craigslist), I personally would never give my ID across it. If the only indication that he is difficult is not wanting to send his ID to a stranger on Facebook, I wouldn't blame him. 

    You are more than welcome to decline a showing because he is not comfortable with your requirements, but you are not allowed to discourage someone from applying to your apartment. That is an easy way to get a Fair Housing Violation case.


    Lastly, why do you care who is looking at the property? When they apply is when you should confirm their identity. 


     Asking for ID as a requirement to show a rental is not a fair housing violation, and there are plenty of reasons why a landlord should care who is looking at their property, theft and their own personal safety being the first 2 that spring to mind, followed closely by not wanting to waster their time. If someone isn’t willing to provide ID, they are not a serious applicant and possibly a scammer, so it’s a good screening tool to weed out the tire-kickers and sketch balls. My PM asks for ID as step #1 for these reasons. 

    @Steve K. Please take a minute to reread what I wrote. You can deny a showing, but you cannot prevent/discourage someone from applying. That would be a fair housing violation. 

    "there are plenty of reasons why a landlord should care who is looking at their property, theft and their own personal safety being the first 2 that spring to mind, followed closely by not wanting to waste their time" These are valid reasons but depend greatly on your market and who is showing the property. 

    Theft - No one is going to steal while you are there. Someone planning on stealing anything of worth is going to do it while you are gone. You could argue that they are using the tour to scope out the building. However, a simple security system would deter this.

    Personal Safety -  I assume you are using their ID to run a background check and deciding if their history affects your safety, correct?

    Wasting Time - @Fareen E. I've found this to be super helpful: When someone inquires about the property Thank them and Send them the pre-requirements (Income, credit, no evictions) and ask if they meet them. The vast majority of them will out themselves and you can decline to show the property. 

    Hey @Fareen E.,

    You've gotten a lot of feedback here saying you are in the clear to decline them. However, I would disagree. I do the majority of my leasing on Facebook and Zillow and I never ask for an ID. You need to think about this from the tenant's perspective. While Facebook Marketplace isn't the sketchiest site (craigslist), I personally would never give my ID across it. If the only indication that he is difficult is not wanting to send his ID to a stranger on Facebook, I wouldn't blame him. 

    You are more than welcome to decline a showing because he is not comfortable with your requirements, but you are not allowed to discourage someone from applying to your apartment. That is an easy way to get a Fair Housing Violation case.


    Lastly, why do you care who is looking at the property? When they apply is when you should confirm their identity.