All Forum Posts by: Stephanie M.

I closed on a duplex on 7/13. Current tenant’s lease expires on 7/31. I met with tenant same day as closing - to give application and let him know of two rent options if he applies, he can pick from asked him to let me know by the 17th. Tried to contact him via text asking his decision on the 17th- no response. Called him and left a voicemail 7/20- no response. Text 7/21 saying we haven’t heard from him, and gave notice of 24 hrs of entry to take pictures to list for rent. He calls back screaming. Long story short - lease expires 7/31 we tried to work with him. Discussed that we will not be renewing and recorded the conversation. Gave him until 8/8. Do we need a letter of non renewal if his lease expires? State of Wisconsin. Thanks for any guidance here.

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Hi All, I am in need of some guidance. I will be closing on a new duplex on July 13 ( contingent on inspection ). There is one current tenant, who the listing agent said his lease is up in July. Listing agent just informed me that it was verbal lease. There isn't a lease. What is the best way to handle this situation? Any advice is really appreciated, thank you.

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We have a 2 bedroom unit renting month to month, 2 tenants that are friends in the unit, total rent $1060/mo. Tenant #1 just gave their 30 day notice, she will be moving out of the unit May 9th. The other tenant #2 wants to stay. What is the proper way to word the new lease moving forward and handling prorated rent? This is my train of thought:

Prorated rent for the tenant #1 moving out : $153.87 due May 1st, for move out on May 9th.

Prorated rent due on May 1st $906 for tenant #2 wishing to stay, will continue month to month. June 1st rent for this tenant will be $1060/mo.

Questions: When do we do the walk through for Tenant #1 security deposit? Right after Tenant #1 leaves, even though #2 is still living there? When does the security deposit get returned for tenant #1? How to verbalize that Tenant #2 owes full rent moving forward. The new lease for Tenant #2 would begin May 1st or June 1st?? THANK YOU FOR ANY SUGGESTIONS!

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Prorated rent for the tenant #1 moving out : $153.87 due May 1st, for move out on May 9th.

Prorated rent due on May 1st $906 for tenant #2 wishing to stay, will continue month to month. June 1st rent for this tenant will be $1060/mo.

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Looking for suggestions where to do a credit check, this is my first time having to do this. What website is best? Thank you!

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Wow that’s crazy yikes! That’s a really good point with a clean car passing inspection too. Thank you Dennis.

Originally posted by @Dennis M.:
@Stephanie M.

I toured an apartment building this summer looking to buy . It was a triplex and one of the units I went into was occupIed . InsIde it was pitch black with blankets on the windows . Tenant insisted the realtor and I do not turn on any lights or allow her cats out . There were candles and a small lamp on to aid in navigation but it was really weird .there were occult crafts and paIntIngs everywhere .when I met her It was apparent She was a wItch! I dId a hard pass on that one! Moral of the story is don’t have the tenant around if you can help it , it’s only going to scare people off .ideally he’d be moved out before you show it . My dad always insisted I wash and clean out my car before I get it Inspected . “ a clean Car Will Pass inspection much easier than a dirty one “ my dad would say . Same holds true in real estate when having tenants or buyers check out your property

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Thank you Jen for your advice !

Originally posted by @Jen R.:

If the current tenant is asking you to wait to show it until he is back in town, I would try to work with him on that. Sure, depending on your local laws and your lease, you might be legally able to show it while he is gone (in Ohio we need to provide 24 hour notice), but personally, I would rather be flexible than deal with an angry tenant before move-out. The last thing you want is for him to accuse you or a prospective tenant of stealing something from the apartment while he was gone. Assuming the apartment is in good condition and will show well, try to work with him on a showing date/time that works better.

Of course, if the place is dirty or not in ideal condition, I agree with the previous posters: wait until he’s out so you can get it in top condition to attract the best tenants.

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Thank you Jim - Great points and i did not know there is a tax advantage for doing it this way.

Originally posted by @Jim K.:

I heartily second @Anthony Dooley's response. Pre-Internet, it apparently didn't matter as much, but it certainly does now that color photos are such an integral part of marketing your properties. Say goodbye to your current tenant, get in there and spruce the place up, get your pics taken and Photoshopped for the advertisement.

The only think I would add is that you should also talk to your CPA about the tax advantages of doing things this way.

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Thank you Anthony that is a great point.

Originally posted by @Anthony Dooley:

Trust me, it will show much better when they leave and you have gone in to touch up paint and clean the place. If you show it now, the prospects will see a dirty house and it will smell like the current guy. I would wait to show it.

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Thank you Michael - I looked and it does say landlord can enter in this situation

Originally posted by @Michael Gefvert:

Does your lease have any language that deals with showings for prospective tenants?

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All Forum Posts by: Stephanie M.

Stephanie M. has started 8 posts and replied 15 times.

Post: Quick Q - acquired property with tenant whose lease ends in 2wks

Post: Need advice-closing on new duplex with tenant w/verbal lease!?

Post: Lease splitting question - how to handle

Post: Looking for help/suggestions - Tenant lease splitting/ending

Post: Tenant screening credit check, what do you use to check?

Post: Tenant lease is ending, does not want me to show his side

Post: Tenant lease is ending, does not want me to show his side

Post: Tenant lease is ending, does not want me to show his side

Post: Tenant lease is ending, does not want me to show his side

Post: Tenant lease is ending, does not want me to show his side