Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Ted Klein

Ted Klein has started 32 posts and replied 162 times.

Post: Prospective Applicant's Facebook Page

Ted KleinPosted
  • Investor
  • Redmond, WA
  • Posts 169
  • Votes 58

@Bjorn Ahlblad 

Do you use any of the screening applications, or county records for your pre-screening activity? If you are using county records, what terms are you searching for, arrest records, evictions, sex offenders etc...?

I like your idea of telling them that you are already looking at prior applicants

Post: Prospective Applicant's Facebook Page

Ted KleinPosted
  • Investor
  • Redmond, WA
  • Posts 169
  • Votes 58

Whenever I list a property for rent and get inquiries, I get a name and then search for a Facebook page of the prospective applicants name and our local area. I realize that in a large metropolitan area, that there is a potential for multiple hits on the name, so I look at all of them.

I then reply in an email with a mention that the property is being rehabbed (it really is) and would be available at a later date. If they are still interested to reply and we could arrange a phone call. In this phone call I ask the "pre-screening" questions that I feel are relevant and get a feel for their truthfulness in the responses based upon what I have found on Facebook.

On occasion I find information on Facebook that could be concerning in regards to potential drug usage and gang activity. How should this be handled as obviously I don't want these kind of tenants in my properties.

We run a background/credit check via Trans Union Smart Move and would like feedback on your experiences with this screening process or recommendations on what you use.

Also, please tell me how you have handled this or if you have other ideas on how to pre-screen potential tenants without a perception of bias.

Post: Need General Contractor Kent Washington, Puget Sound

Ted KleinPosted
  • Investor
  • Redmond, WA
  • Posts 169
  • Votes 58

Does anyone have a recommendation for a general contractor?

I have a friend in Kent area that is needing a good contractor to remodel a bathroom.

If so, message me and I can forward you the contact information and let you communicate with them directly.

Thanks,

Ted Klein

Post: Real Property Management (RPM) Wichita KS

Ted KleinPosted
  • Investor
  • Redmond, WA
  • Posts 169
  • Votes 58

@William Carpenter Thanks for reaching out, My other post just got removed by BP, they felt it was solicitation. I will give him a call

Post: Real Property Management (RPM) Wichita KS

Ted KleinPosted
  • Investor
  • Redmond, WA
  • Posts 169
  • Votes 58

@Duane Symanietz  I know this is an old thread, but I am wondering if I could get an update on your experience with Premier Property Management. Also, curious how your situation played out. It sucks that you lost that money and hope that you were able to get restitution on your claim.
@Shane H. @Carol Otis Are either of you able to provide a recommendation on a quality property management company in Wichita? Looking for a PM for a SFH in NW Wichita.

Post: RE Lawyer- Wichita, KS

Ted KleinPosted
  • Investor
  • Redmond, WA
  • Posts 169
  • Votes 58

@Gabe Dominelli

Try Steve Stark with Fleeson Gooing Law Firm, he knows his stuff

Post: Six months versus a one year lease

Ted KleinPosted
  • Investor
  • Redmond, WA
  • Posts 169
  • Votes 58

@Dan Perrott @Nathan Gesner

Thanks for the input. The tenant has been there for 11 years, so I will be surprised if he were to actually leave. I suspect this was his attempt at putting a doubt in my mind about his longevity, hoping that I would offer a lower rate for him to sign one year.

He is slightly under market rate, so I doubt that he would find something comparable for less. We shop the market and know that the only things cheaper are on the other side of the tracks and he doesn’t fit that profile. 

With the competitive market here in the Seattle area, the good places go quick and usually at a premium price.

I like the one year lease or the month-to-month with a 20% increase option. If he signs the year lease, I avoid the turnover this year and get my new rate, if he goes the m2m route, I will get a rate about 5% above market.

 I suspect that the 20% increase would be on top of the $75 increase I already gave at this years renewal option, is that correct?

Post: Six months versus a one year lease

Ted KleinPosted
  • Investor
  • Redmond, WA
  • Posts 169
  • Votes 58

I might add that I just increased $75 on this year lease.

Post: Six months versus a one year lease

Ted KleinPosted
  • Investor
  • Redmond, WA
  • Posts 169
  • Votes 58

What kind of rental premiums are you charging When a tenant asked for a six-month lease rather than a full One year term that was presented.

Post: Rental Increase Question

Ted KleinPosted
  • Investor
  • Redmond, WA
  • Posts 169
  • Votes 58

Just wanted to share that the correct Washington State Legislation link for the Washington Residential Landlord-Tenant Act is RCW 59.18
I had searched the website for Rental Increase and ended up in RCW 59.20 for Mobile Homes.
My attorney informed me that the law is going to change to 60 days notice on August 27th, 2019