Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. 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: Victor Ortiz

Victor Ortiz has started 0 posts and replied 23 times.

@Charles Fella, you might need to take a business trip to Chicago and visit (CAREIA) Chicago Area Real Estate Investors Associations or a investors meetup. At these meetup you can network with other investors and ask all of the questions you need answer for.  

Post: Toxic Mold

Victor OrtizPosted
  • Portland, OR
  • Posts 23
  • Votes 7

@Maria Caruso,I would call a professional carpet cleaner and ask them about clean and reusing carpet with mold. First you have to ask for help in the mold problem, which is cleaning up the mold and if the carpet could be clean for use. You might have to get the mold analyze. If your landlord does not want to help you will the mold problem, which this is there responsibility. And if the carpet can't be kept, then the landlord has to replace the flooring. If you feel the landlord is not cooperating then call the Health Dept. in Las Vegas,Nv.  I also agree with @Andrea M 

PS I am not a lawyer, my post comments are simply my opinion.

Originally posted by @Padma Mody:

I have one single family house in C - area. We rehabbed the entire house and now looking for Blinds to install. Do not know what quality and what kind of blinds I should install. Also, is there any place where I can find the good price for Blinds? Can you suggest any websites or any 1-800 phone#?

 @Padma Mody you're going to find your best prices at the big box stores like HD (Home Depot) or Lowe's. They have a big variety. 

Post: Cash for Keys Waiver?

Victor OrtizPosted
  • Portland, OR
  • Posts 23
  • Votes 7
 @Andrew Schultz:

 My Pleasure! I'm glad and happy to help. 

Post: Deposit Refund

Victor OrtizPosted
  • Portland, OR
  • Posts 23
  • Votes 7
Originally posted by @Kenndy Mendoza:

@Victor Ortiz I mentioned for future references, as owners can require tenant to hold this type of ins. policy, which may be included in a standard ins. policy or might require the tenant to buy additional coverage, and it will cover the damages/injuries of a pet. Certain coverage could excluded some dog breeds. 

 @Kenndy Mendoza: Thank you for your quick response. I have a better understading of   the Renter's policy.

Post: Deposit Refund

Victor OrtizPosted
  • Portland, OR
  • Posts 23
  • Votes 7
Originally posted by @Kenndy Mendoza:

@Kevin Galus 

When you rent your property to a tenant. It is the Tenant's responsibility to keep property on the same condition they received it, which should be stated on your lease. In this case, the tenant will be responsible for the damages incurred on your property. So, security deposit and pets deposit can be apply towards it. 

There are occasions when the security deposit is insufficient to cover the expenses and that is when a Renter's insurance comes handy. 

Kenndy Mendoza 

 @Kenndy Mendoza, would you please explain why Renter's insurance comes handy in           this situation. 

    Thank you 

Originally posted by @Marcia Maynard:
We do a quick 5 minute-8 question telephone screening that weeds out most of the undesirables and gives me valuable information. If they pass this, then I do a 30 minute-20 question telephone interview. If they pass the interview, then I offer to show them the property. At the property, I am getting to know more about them from what I see and what I sense and the follow up questions I ask. They have the opportunity to ask me questions too and get to know me and more about the property. Applications to rent are available at the showing.

Here are my initial 8 screening questions:

1. How did you hear about the property? (This helps me identify the effectiveness of my advertising and also lets me know if the person has seen my on line ads that explain the features of the property and lists some of my minimum criteria to rent.)

2. Why are you looking now? (Open ended question that generates a lot of valuable info.)

3. What kind of place are you looking for? What features are important to you? (Open ended question that indicates if they have thought through their preferences and if the unit is likely to meet their expectations.)

4. How many people will be living in the unit? (Deal breaker if too many,such as more than 2 per bedroom. Yes, babies count as people.)

5. Does anyone smoke? (Deal breaker if the answer is YES. We don't rent to smokers.)

6. Do you have pets or animals? (Deal breaker is the answer to pets is YES. If the answer to animals is related to a disability, I answer "We gladly make reasonable accommodations for people with qualified disabilities." Then I move on to the next question. Later, during the more in-depth interview I carefully ask other questions that help me sort out fakers from legitimate people with disabilities.)

7. What is your current monthly income before taxes? (Deal breaker if they do not meet our income requirements.)

8. Have you ever been evicted or asked to leave a property? (An answer of yes is not an automatic deal breaker for me, but will result in further discussion. Some people are evicted upon the sale or conversion of a property, to no fault of their own. It is the problem tenants and unlawful detainers that concern me.)

We follow this 8 question screening with a 20 question interview that typically takes 30 minutes. Good prospective tenants tend to appreciate our thoroughness . Bad prospective tenants tend to balk at this. Occasionally I have had someone snip at me and tell me I ask too many questions. I don't take it personally. I calmly say, "It is important to me to know if it is worth my time to show the place. I need to know if you are likely to meet our minimum criteria to rent. Would you like to proceed?"

@Marcia Maynard: Thank you for the great response to this question. Would you please supply the answer to your question #7 and share your 20 question interview with the BP community. Thank again for the great info

Post: Zillow Rent Estimates

Victor OrtizPosted
  • Portland, OR
  • Posts 23
  • Votes 7

@Mike Moles try Rentometer.com, it will give a wider view of rent rates in your area.

Post: Cash for Keys Waiver?

Victor OrtizPosted
  • Portland, OR
  • Posts 23
  • Votes 7
Originally posted by @Victor Ortiz: