All Forum Posts by: Tim Miller

I wouldn't feel guilty about this and I wouldn't be giving 6 months to get out. You did raise an issue that no one has brought up. You stated that you are under rent control, does that also mean you can't raise the rent on the next tenant to market rate? Only asking because some locals will not let you raise your rent on the next tenant to market. You'll want to check on this.

It's an FHA Streamline Refi, we've done it twice on our home. I just don't remember anything about living in it for a set amount of time. You could always call a different bank and ask a loan officer that question.

@Shane Bishop For something simple I would recommend Innago. We use it for our house hack and for our LLC. It's fairly easy to use for both Landlord and Tenant. Setup a test account and run through some of your issues you currently have and see what results you get. Good luck!

You can cancel this yourself. Just hoover over your picture in the upper right, go to Settings, go to subscription and cancel. 

It looks like it was listed in March for $500K and in June it dropped to $400K only to take it off market in July.

We looked at this property back in 2021 when it was for sale and wouldn't even touched it for $225k asking price. Our best offer would have been $175k and that holds true for today.

It's nice that it's a block from the new stadium but that area is still high crime and lots of drug use around it.

If I was in your shoes, I'd do one of two things. One try to find an out of state investor for it or two, I'd just drop the $250,000+ to renovate and rent it out. It would be a long term hold before you could get your money back. Good luck!

There's a lot of good points being made for both sides. You really need to know yourself. Are you a softy? Do you feel sorry for the sad stories? Or are you able to stick to your guns and simply tell the tenant, tough crap, the lease is the lease. Either follow it or get out.

If you're the first one, soft, tell them you're the PM but my advise would be to actually get a good PM.

If you have the tough skin, no need to lie. Just lay the ground rules, stick to them and let the tenant know. You sympathize with them but the lease is the lease. Good luck!

Quote from @Dave Peterson:

Tim, can the $1,700 be added to the amount owed?

It sure can! Attorney fees and court cost can be added, it'll just depend on what the judge will allow. For the most part you'll get everything as long as you can prove it.

Josh, first thing is, you are owner occupied and that gives you more freedom to do things. A few things you'll need to look at:

1. Are the windows big enough for a bedroom in the basement? If not, you have to put bigger ones in.

2. There is no law saying you can't have 2 kitchens in your home.

We have this in our home in PG county, we don't call it and ADU or a 1 bedroom apt. We just say we rent out a bedroom in the basement with a private bath and they have use of the kitchen & Rec area (livingroom). By doing this, you don't have to worry about the rental laws as they do not apply to you now.

Feel free to reach out if you have any questions.

Jason, we're going through a similar issue. For back rent, an eviction isn't enough for some collection agency to go after the tenant. You need a Judgement for rent owed.

We're at $23k + and we decided to hire a lawyer to handle this. He just filed the paperwork on the 2nd and his cost for us is $1,700. Not to bad considering he'll handle everything. Good Luck!

Quote from @Tina Kapur:

I hadnt checked myrental.com
Question on that
- This site just needs name and email of tenant/applicant. No SSN etc? to do the check?
- instead needs landlords SSN? I am concerned about where all this data is stored

The tenant puts their information in MyRental.com after they setup their account. You can always ask for a copy of the SS Card along with ID and Pay stub.

Yeah, they have to verify you because you are requesting other peoples information. MyRental is a part of CoreLogic, so far I haven't heard of CoreLogic having a breach.

As for being worried about them having your data, most likely to late. CoreLogic is used by a lot of companies so they may already have it.