All Forum Posts by: Steven Clevenger

that would probably be a rooming house situation. You aren't exactly doing that. There is probably a way to structure the lease where its basically a co-living situation like you would have done in college. Your landlord didn't clean your bathroom for you in college I hope? I hire a bi-monthly cleaning service just because it was hard to get them to divide up chores effectively. I have had to evict particularly messy tenants who didn't take a hint when I directly warned them. If your state is going to make that model impossible over some erroneous law that really doesn't apply to what your are doing, I would pick a different state. I manage mine remotely. 

I really don't understand why they would even ask this if they aren't providing any of the financing? As long as you can supply the deposit of 5k its your money on the line should you not be able to fullfill the contract. If I was selling you my house and you gave me 5000 promising to close in 30 days and you failed, I just made 5k for doing nothing. I guess there are other ways as suggested above but in the past I simply provided my most recent bank statement showing the funds, but I pay with my own cash up front and refi later. 

Are you sure its not set up for it? Pretty much any house can work. I rent on 30 day renewing contracts(tenants typically stay 7-9 months anyway), it really doesn't operate any differently than if I rented to a group of students. Main thing you have to do is.

1)Common area furnished

2)Hire bi-monthly cleaning service(getting tenants to clean their bathrooms ect is basically impossible unless you manage on site) 

3)Make sure the property is accessible by contractors without the help of tenants(I use a lockbox outside with key) 

I am not really sure how many people you are gonna get that want to rent a whole house for 3-6 months. The monthly contract or even 3 month is pretty ideal for travel nurses or just people looking to save money. My tenants are basically all college grad who don't want to spend the money on a 1 bedroom apartment. 

Hello, 

I am looking for off market deals in the triangle area, preferebly in chapel hill or Durham. I specifically looking for a multiplex up to 5 units which I want to loive in/rent for the next few years while i live there. I have the capital/financing(hard money) I can utilize and have closed several MLS deals already in Michigan. Any contacts would be appreciated. Thanks!

You should read the "section 8 bible", the guys who wrote it are based out of your state. 

I carry when I am out and about period.

Two reasons

1)My normal day job involved working with mentally unstable people, I do see them outside from time to time. My work often involves involuntarily confining them and enforcing mandated treatment. People don't always respond well to that. 

2)It never hurts to have an ace card up your sleeve. 

That being said I am with what the cop stated earlier, you better know how to use that gun, you better keep it concealed and you better pretend like you don't have one(don't let it get to your head). Know your laws well, places like NYC are NOT gun friendly. There are plenty of local DA's with a stick up their behind waiting to roast an otherwise law-biding citizen in this regard. Also keep a criminal defense attorney on retainer and say nothing to the police without them present if you end up in some sort of incident. 

Just thought I would chime in on this. There are only a few states that expressly prohibit restricting of guns in rental properties. It is quite common to see "no guns" signs in Chicago apartment high rises. I don't really see how this is enforceable? Really all you would be doing is adding an unnecessary rule that might rub tenants the wrong way. It will not enhance your own safety nor increase your profit margins. Before I was a property owner if a landlord had tried this I would have thrown the lease back in their face and taken my good paying job and reliable rent elsewhere. In my experience gun enthusiasts are also people that tend to pay their bills, just saying....