All Forum Posts by: Steven Warner

Mike Franco let me add another suggestion to Mike Franco Idea and that is go to some of the larger investor groups in LA and simply ask.  I find many investors are willing to help someone with a problem such as this. 

Good luck and keep us posted.

Steve

Mike

If I may offer a thought- Because you are already having to disclose the potential presence of lead paint- add in a disclosure about the asbestos.  Maybe something such as " This home was originally built in 19--.  Builders of homes during this time period are know to have used asbestos and asbestos containing products which are known to create certain health risks, including mesothelioma, asbestosis, and various other health issues, including cancer. By signing this lease you have been made aware of the potential health risks and agree to assume these risks."  

I would not play with fire when it comes to failing to disclose.   You don't know what your tenant have already experienced in their lives that might have already exposed them to asbestos. 

I would place something like this in or near the lead based paint disclosure. - make it an extension of the lead based paint disclosure.   

I doubt most tenants will even care but at least you have told them.  Its on them to read and understand the agreement. 

I hope this helps. 

Steve

Jan

They are taking your repair costs and simply adding them to the judgment.  I do not know how your judgment reads but it sounds like they are counting on the ignorance of the former tenant to pay the whole amount; judgment and costs (including  the repairs).

It sounds like they have determined that the judgment is collectible - good for you!

Good luck! 

Steve

What is the due date of your second lien position note - if it has past then foreclose on him. - NOW!

Do not delay (unless you have to bey operation of law, i.e. Bankruptcy) !

Good luck 

Steve

Morgan 

I don't know what your lease says about the return of the deposit but simply stay out of it.  You can express your empathy with the cleaners but from a legal standpoint unless your lease states otherwise it should go to all 5.  

You are right, stay out of it and let them fight it out. 

Good luck!

Steve

Cali

When I say go with your gut, I mean how does this applicant make you feel inside when it comes to relying on them to pay you on time, take care of your property, and be responsible to the neighbors around the property?  

I have had applicants that had the income but there was just some thing about them that I was not excited about, unlike the single mom who had an income that just qualified (3 times rent) yet her excitement for the property , her character and interaction with me told me she was the one; and she has been for the last 6 years. And yes I have increased the rent, had a couple minor HOA issues and she was late a couple time (when she was totaled on the freeway). She, and her daughters, have been the perfect tenants.

Not sure if this helps with the "gut" decision explanation... 

Good luck to you. 

Steve

Brian: 

With all due respect, you have already given him the upper hand. 

Time for a "Come to Jesus" talk with the tenant.  Spell it out to him that you have been working with him on a number of issues but the gravy train has ended.  You are a business owner and despite the fact you want to be fair, he has to meet you half way or the LL/Tenant relationship will have to come to a close.    

As for your "damages", cover that with him as well.  What is he going to do about it?  Not pay?  lay things out for him calmly and factually and ask him what he would do if he was you??? 

Honestly, it sounds like its time to find a new tenant.  

Good luck!

Steve

Anthony: 

When you say you looked online - what did you see?  

The Cook County assessor/treasurer is online so did you look to see where the tax bill is being mailed?  Did you look at the recorder to see if a lis pendens had been recorded?    

http://www.cookcountypropertyinfo.com/default.aspx

http://162.217.184.82/i2/

Finding out who owns property in Illinois is far easier then in California so hang in there, you will find out.  

Good Luck

Steve

  Bill Brandt - Isn't that the truth - cannot call, text, or email in response for 2 weeks?   Time to go "legal" on them... 

Jodi

When this happens I reach to them via certified mail  and first class mail (send both) telling them one of the following: 

I underhand how life can take over and cause you (the tenant) to not find the time to contact me regarding the lease situation we discussed.  While I do not want to lose you as a tenant I understand that you have choices to make, as do I.  Because we have been unable to discuss this matter further, I have enclosed a the required Notice of Rental Increase to $    ($ + 4%) {or if you want to terminate the tenancy , a Notice of Termination}.

This usually gets their attention and they quickly call. If they do not call then you are going to receive a higher amount you wanted. 

Either way these tenants are thinking of terminating the tenancy so why not "assist" them? 

What is key for you is that you are getting what is fair on your terms.   

You can be fair and nice at the same time - trust me they may not think of it that way but you know you are right.

Hope this helps...

Steve