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All Forum Posts by: Theresa Harris

Theresa Harris has started 0 posts and replied 14403 times.

Post: help -my Property manager over spent on Repairs !

Theresa Harris
#3 Managing Your Property Contributor
Posted
  • Posts 14,578
  • Votes 11,247

I agree with others that there are two problems: 1) the tenant calling the plumber and 2) the PM not notifying you for 3 days.  Did you ask the PM's plumber who went to the site that same day to ask what the scope of work was and what they would have charged to do it?  The PM's response when the tenant phoned should have been 1) is the gas off (yes) and 2) we will send someone right away.  That's it.  The tenant shouldn't be calling their people to do repairs.  I get that the PM wouldn't have called you right away as they need to get their people on it and see what is happening, but they should have notified you as soon as they knew what was being done to talk to you.

Post: Unsure how to think about debt relating to real estate

Theresa Harris
#3 Managing Your Property Contributor
Posted
  • Posts 14,578
  • Votes 11,247

The chances of you being able to own a home without a mortgage are are pretty low in most areas.  Save up a down payment of 20% to avoid mortgage insurance and buy a home that works for you and one you will live in for at least a few years (otherwise it is cheaper to rent because of the costs associated with buying and selling).  If you are buying rentals, don't try to scale too quickly and be realistic about what you can do and don't stretch yourself too thin.

Post: Huge electric bill- Tenant continues to charge Tesla after he was told not to

Theresa Harris
#3 Managing Your Property Contributor
Posted
  • Posts 14,578
  • Votes 11,247
Quote from @Natalia Perlova:
Quote from @Theresa Harris:

I'd tell him he's in violation of the lease and start the eviction process.  You don't mention if your lease is month to month or an annual lease. Depending on your answer, you can give them 30 (or 60 days') notice if they are month to month or not renew their lease.


 it ends end of July. thank you.


 I'd give them notice of non-renewal and as they agreed to pay $50 extra each month, keep track of that unpaid amount and take that off their deposit when they leave.

Post: Replace or repair dryer?

Theresa Harris
#3 Managing Your Property Contributor
Posted
  • Posts 14,578
  • Votes 11,247

Depends how old it is.  I'd probably just get a new one (basic, either gently used or look for something that is dent/scratch sale).

I'd also make sure they are emptying the lint trap.

Post: Huge electric bill- Tenant continues to charge Tesla after he was told not to

Theresa Harris
#3 Managing Your Property Contributor
Posted
  • Posts 14,578
  • Votes 11,247

I'd tell him he's in violation of the lease and start the eviction process.  You don't mention if your lease is month to month or an annual lease. Depending on your answer, you can give them 30 (or 60 days') notice if they are month to month or not renew their lease.

Post: I need help and advice with an HOA complication for the sale of my home.

Theresa Harris
#3 Managing Your Property Contributor
Posted
  • Posts 14,578
  • Votes 11,247

How can the HOA change it without discussing it or notifying owners? I'd talk to a lawyer.

Post: Lease Renewal Fees

Theresa Harris
#3 Managing Your Property Contributor
Posted
  • Posts 14,578
  • Votes 11,247

I had to look it up.  My PM charges $150 for lease renewal. I think they charge $250 plus ad fees ($50-100) for finding tenants.

Post: Good tenants, but have problems with rent increase

Theresa Harris
#3 Managing Your Property Contributor
Posted
  • Posts 14,578
  • Votes 11,247

You are the landlord, it is not up to them to bargain with you and if they can afford a dog, they can afford $100 more in rent if that is what the market supports.  Tell them the new rent is $2550 and if they don't like it, they are free to give notice and move.

As Emily said, build in a standard rent increase to your lease and deal with the dog separately.

Post: From the WSJ: Good luck finding workers

Theresa Harris
#3 Managing Your Property Contributor
Posted
  • Posts 14,578
  • Votes 11,247

I know you copied the article, but how many of the workers are women?  (even more surprising given it is 2025 and the article was written by a woman that it assumes only men work in factories).

The work ethic of the younger generation is not the same anymore.  Don't get me wrong there are lots of great people, but they want to work at something where they won't get dirty, don't have to do much and often live at home a lot longer than they used to-so there is no pressure to pay the bills as their parents still pay for most of their expenses.  I work at a university and while there are some really good students, the proportion of those who want to work and think for themselves has gone down over the last 10 years.

Post: Tenant does not want binding contract

Theresa Harris
#3 Managing Your Property Contributor
Posted
  • Posts 14,578
  • Votes 11,247

I'd also move to another person.  Contracts are binding, they just want the option to move at a moment's notice and I doubt any government employee would be expected to move that quickly.  Do you want to do weekly billing and how does the rate compare to what you'd get if you rented it normally?