All Forum Posts by: Stephen Sun

Thank you all so much for your feedback. I want to go with my gut, but something inside of me told me to run it by a few people to confirm my feeling. Most of my other friends have also agreed to inform the next landlord after they move out.

I'm really glad that I can reach out to this community for help - again, I really appreciate all your input!

Pardon the any grammatical/spelling errors or word omissions in the above post, i wrote it real fast and had trigger happy fingers :x

Hello All,

I have a question to ask the landlords out here: Would you inform the next landlord of rude, unreasonable behavior during moveout if you gave them a glowing reference before?

- Background -

I have a tennant who was good (kept to themselves, was fairly clean, respectful, etc) but had a pet who caused alot of damages to the property. Once the tenant realized that they could not handle the pet, they gave the pet away to another home and started to look for another location to live in. I had provided a solid and glowing reference to the new landlord.

Things were cordial until we were doing a pre-walkthrough of the damages, and I provided estimated costs (based on contractor quotes for work, and based on homedepot.com for items needing replacement). This is when the tennant started sending nasty emails with namecalling, sarcastic/snide remarks, etc saying i'm trying to rip them off, I'm being unreasonable, etc. Written quotes for everything, and I said if they could find the same quality of work for cheaper, please refer me. Furthermore, there were temper tantrums thrown when i tried to speak to them in person. I've done my best to remain polite and professional - but they're really pushing my buttons.

They move out this weekend. The deposit will cover the damages and quoted contractor work so I'm not out money by any means. I'm thinking about letting the next landlord know about such behavior after the tennants have moved out and surrendered the keys and changed the locks. I wanted to get thoughts of people on this forum.

Let me know. Thanks!

-sunfire4jc

Thanks all. I will be serving the Kids 60 days notice. Mom is the one who pays for rent 100% and will be rewriting the contract to have her deal with all that. I appreciate the input!

The lease is only signed with the Mother. I'm getting calls from both sides because the daughter originally responded to the listing when i posted the rental and thinks that she can call the shots.

Hello All,

I have a family who has rented a house from me. Mom signed the lease with me directly and has named her adult sons and daughter-in-law as named persons living in the residence. They have been living there for about a year and a half, and I converted the lease to a month to month contract after 1 year.

Mom and oldest son have gotten into an argument with each other. The tennant called to request to remove the Son and Daugther-in-law as named persons living in the residence and would want to have them move out by End of October. Daugther-in-law called me to say that the Mom cannot legally kick them out since they are on the lease - I tend to think otherwise because the contract is month to month, and only the mom is financially liable on the contract. I will wait a few days to see if they recconcile.

Question - If mom decides to move forward with removing the son/daugther in law - How many days notice should I give them to move out (30 or 60). Are there any other steps I Should be taking other than a written notification to the son/daughter-in-law?

Any thoughts are appreciated. Many thanks again for your time and input.

Best Regards,

Stephen

Hello All,

I've been reading alot of posts on this forum and find much of the information very helpful to someone who new to the realm of real estate purchasing/investing.

Wanted to get some input on the timeframe of purchasing a Short Sale property

-I placed a bid on a short sale property in Chino Hills, CA, that fell out of escrow 3 times - each time the price was lowered.
-Per the listing agent, the short sale has been approved by BofA/Countrywide
-Offer was accepted on June 9, 2009
-I went into escrow on a SFR on June 12, 2009
-Since i've gone into escrow, i've recieved the title report and had an appraisal performed
- Listing agent stated that BPO was also performed
- I've submited proof of funds, loan approval, and signed the seller disclosure documents

Whenever I ask my buyer agent what the status is (twice a week), I'm always hearing that "Everything on our side is complete, we are waiting for the bank" or "It could be any day now". This has been ongoing for about a month and a half - quite frankly, my patience is wearing thin. One would figure that the banks want to get these houses off their books.

Can anyone give any input on how long Countrywide/BofA typically takes to close a short sale transaction? Is there anything I can do to escalate/expedite this process?

Any advice/input/feedback would be greatly appreciated

Thanks in advance,

Stephen