All Forum Posts by: Stephanie M.

My tenant's lease is up soon, and he is going out of town this weekend. He does not want me to show the property when he is gone Fri, Sat, Sun. I need to get a new tenant to take his side though asap. Anyone ever have this happen, or any advice on this situation? 

I’m in the same situation, I’m having tenants go through all the motions. I also raised the rent. Tenants have to do the Application, financial details, lease agreement, check in / Check out sheet etc. good to have something in writing when taking over new property that is currently occupied. You have to look out for yourself. 

I have a tenant who wants month to month after I presented a year lease to him. We agreed for a year lease with 90 days notice if he is going to end his lease. If he is going to terminate the lease it has to be before November 1 2018 and after February 1 2018 which was his idea and we agreed on that (in Wisconsin no one wants to move in a blizzard and it’s hard to find new tenants in winter) I have legal documents for a lease, and a blank addendum page to write these details. How do you recommend I phrase this in good terms in the addendum to the lease? Thank you for any advice. 

really great points, thank you for the input I really appreciate it. 

It will be owner occupied so I will be on the other side. @John Thedford They are currently month to month. 

@Angie D. Thank you for your suggestions! Yes I will live in the other side. Who would be the right industry professional to look for? A realtor in the area that owns duplexes? The area is a nice quaint area, property is .56 acres, stately landscaping with evergreens and shaped shrubs. the back yard has a cute river/creek down a little slope from the house. walking distance to little downtown area and park, 2 miles down the road from the top high school in the state, and 5-10 min from department stores / home depot / walmart / strip mall / nice salons and spas etc. hope that helps answer your question. 25 minutes from downtown Milwaukee, WI. a lot of lakes in the area. 

I do have repairs I need to do on the property, roof repair $1800, fix a sump pump that isnt working, and electrician to look at a box in the garage. 

Hi all, I'd appreciate your opinion on what to do in this situation - 

Just purchased a duplex today ( 7/6/18 ) with long term tenant paying same rate of $1100 since 2011 for a 4 bedroom 1600+ sq ft, 4 BR 2 car unit in a great location, the top school district in the state, and large yard. I averaged out similar properties cost per square foot and the avg is $1.24/Sq Ft. ...... A duplex next door is 3BR 1 car renting for $1600... 3 BR Houses are being rented out for $2600 in the area. 

The tenant is currently at .92 cents per sq ft. Even at $1.00 per sq ft of 1600 in rent is below market avg. 

I thought $1,500 / month is a good middle ground for a great tenant year lease starting off, then I'd increase next year. instead of dropping the bomb of $1900+/month at market average off the bat. I'd really like to keep him as a tenant. He had a deal with the previous owner where he cuts the lawn every now and then and does some snow removal on the property. Does not do the best lawn care but its nice to have someone cut it. I wouldn't require him to cut the lawn with this increase I think he would push back. 

How would you approach this situation? I need him to at least be at $1400 to hit half of the house monthly payments not including my utilities.... 

Thank you so much for helping me here. I really appreciate your input.