All Forum Posts by: Susan H.

@Scott Mac, it sounds as though you had a disappointing experience in college, and I'm sorry to hear that. For many, college provides opportunities to acquire and/or strengthen the skills considered important by employers. For a brief list of those skills, see

https://www.rasmussen.edu/student-experience/college-life/skills-employers-look-for/.

To @Nicholas Brady, you may find an earned degree or course completion will likely help you strengthen the skills to think critically about real estate opportunities, communicate clearly, and analyze details related to buying/selling.

Good luck!

~Susan

1 Vote

I agree with suggestion to have translator present.

Does the installation meet code requirements? If yes, all is well. If not, you'll need to hire licensed professionals to bring installation up to code.

Perhaps you could consider explaining the breach of lease. Put it in writing exactly what the problem is (adding appliances without your written consent) and adding that further breaches of lease may potentially lead to eviction. You could then offer her either an addendum to current lease specifying the appliances that are now in place (including the washer and dryer she installed) and include a requirement that tenant is now responsible (or will be by a certain date) for paying water bills.

Would that work for you?

0 Votes

You might consider adjusting the length of new lease so you don't end up with a vacancy in December or January.

0 Votes

Originally posted by @Jay Hinrichs:

Originally posted by @Patricia Steiner:

This doesn't happen a lot but the law has caught up to "Bankruptcy Abuse" and when a landlord has an eviction judgement in hand, it remains in effect now. But when you don't have the judgement yet, here's what needs to happen:

"The landlord can proceed with the eviction by asking the federal bankruptcy court to lift the stay. In most cases, the judge will lift the stay because a lease agreement has no effect on the value of the tenant's estate." (https://realestate.findlaw.com/landlord-tenant-law/how-a-tenant-bankruptcy-affects-a-landlord-s-right-to-evict.html).

If the tenant has damaged the property or done illegal drugs there, additional remedies are available. I would pay the $181 and proceed through the bankruptcy court. The tenant has no intent of leaving or paying you back rent - that's while they filed.

Go for the Stay and get rid of this tenant!

One of my tenants did this.. and the bankruptcy trustee made us give back 3 or 4 months of rent payments talk about insult to injury.. ugh.

@Jay Hinrichs did the trustee give you a reason for the required repayment?

0 Votes

Originally posted by @David K.:

Yeah, only 1 month left. I can't just tell the tenant that i am not going to extend his lease, can i?

Maybe a better solution is to offer a new one with a substantial hike so that he decides to leave voluntarily?

David K.,

Check
https://www.nolo.com/legal-encyclopedia/state-rules-on-notice-required-to-change-or-terminate-a-month-to-month-tenancy.html

Shows state-by-state regulations and laws about notice to non-renew. Caveat: NY laws changed recently, so you might double-check the accuracy of the info here.

Good luck!

0 Votes

I'm seeking recommendations for a real estate attorney in the Fayetteville AR area. Need a legal opinion concerning non-renewal of lease for tenant entering bankruptcy. Happy to work with tenant until lease expires, so eviction is not part of the discussion.

If you know of an attorney experienced in real estate issues, please send me a personal message with contact info.

Thanks,

~Susan

0 Votes

Would it be feasible to market it as a " 4-bedroom, 4 bath PLUS spacious office AND a bonus room" or words to that effect?

Depending on where the house is in Springdale, you might try marketing it to Tyson executives/senior managers.

Good luck!

0 Votes

Originally posted by @Yan Guo:

Today the tenant said the lease didn't say I could ask for extra rent and even the application fees if extra people live in. She said she talked to a HUD agent about the fair housing act and she is going to do more research. Are adults' parent counted as family members? Is it not compliance if I reject to have their parents to move in? Can I just say no to their parents?

Does your lease specify adult occupants by name? If so, I'd argue the rental rate noted in the lease is based, specifically, on the adult occupants named.

0 Votes

Heads up for landlords who accept rent payments in cryptocurrency. Quoting a recent news report (link at bottom of post): "The existing guidance, IRS Notice 2014-21, said that for the purposes of federal taxation, virtual currency is property. When a user purchases cryptocurrency at a given price and then later trades it away — whether by buying a coffee or by selling it on an exchange — the sale is subject to capital gains tax because it is considered property.Failing to report the transaction to the IRS could expose the user to criminal and financial penalties."
See more at https://www.cnn.com/2019/07/26/tech/irs-cryptocurrency-taxes/index.html

0 Votes

Originally posted by @Michael Lee:

It’s funny. Service dog is not acceptable by me. And your tenants have two service dogs? I think guide dogs are acceptable. But service dogs seem an excuse to avoid no-pet clause.

You will find it helpful to read https://adata.org/factsheet/service-animals. You can also find helpful information at https://www.ada.gov/regs2010/service_animal_qa.html

0 Votes

All Forum Posts by: Susan H.

Susan H. has started 27 posts and replied 224 times.

Post: How important is a bachelors degree as a real estate investor?

Post: Tenant added own washer and dryer...

Post: Removing a name from a lease

Post: Tenant Filed Bankruptcy

Post: Emotional Support Dog

Post: Seeking attorney recommendations

Post: Renting a 3200 sq ft home

Post: Tenants parents temperay move in

Post: Accepting rent in cryptocurrency

Post: Two Service Dog???