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All Forum Posts by: Tom Brickman

Tom Brickman has started 6 posts and replied 23 times.

Post: Tenant becoming unmanageable and combative

Tom BrickmanPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 25
  • Votes 7

First my back store. I have owned & managed rentals for 15 years. I've gone through nasty evictions & lots of different tenant issues over the years. I've never had this situation arise so I'm hoping for guidance.

I own a rental in Dallas TX. The tenant moved in January 1st 2019. I have 2 contractors that do work for me. They both will no longer do work at the property as the tenant is negative, condensing and rude/ nonresponsive.

The incident today played out like this.

Tenant paid April rent. They receive a pay early discount if they pay the business day before it's due.

The tenant texted me to confirm recipt. I let them know rent was recieved- and let them know it's fine for this month, but the pay early discount only applies when it's in the bank the business day before it's due. I sent a dated signed screenshot of the lease where this is stated.

At this point the floodgates opened. The tenant started texting me a bunch of petty things they want repaired immediately. Foundation fixed ( HOA Responsibility) Upper Windows cleaned, tub resurfaced, rooms repainted, a hole in a window screen.

My last communication was this : "at this point you seem very unhappy with the property. Please let me know if you wish to terminate the lease early. I do know several items were discussed at lease signing."

That's when my phone blew up. They called 6 times in a row. And started texting me, saying you cant ignore a tenant. Etc.

I responded to none of it. I need to know what I can do. I feel I'm being bullied, the tenant seems very insistent on retaliation for everything and anything.

The lease technically hasn't been broken. I will not communicate with them besides text/ email as I want everything documented. What can I do with this tenant who is literally making me lose sleep because they are nasty, mean and condescending.

Post: Mixed use commercial/ residential property

Tom BrickmanPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 25
  • Votes 7

I'm struggling to find a company to provide an insurance quote to me on a property I'm trying to purchase in ohio. It is a mixed use. Commercial/ w 3 residential units. Any guidance would be greatly appreciated. I've tried 3 so far and just cant find a insurance company that would insure all 4 units.

Post: What's a minimum down payment for a NOOH

Tom BrickmanPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 25
  • Votes 7

@Andrew Postell I'm not familiar with BRRRRR Method.

Post: What's a minimum down payment for a NOOH

Tom BrickmanPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 25
  • Votes 7

I am considering buying an investment property that would require me to take out a loan. This is my first time doing this. What is the minimum downpayment I will need as it will be a non owner occupied loan that I will be trying to find. Preferably a 15 year loan.

Post: Looking for a loan..

Tom BrickmanPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 25
  • Votes 7

Then I'm right back to ground zero.  How would I secure a loan for a fixer upper? I've done the last 5 just by saving up cash. I have no loans on any. I see some fixer uppers multi family- they are 60k-90k. How could I get a decent buy & hold loan for these?

Post: Looking for a loan..

Tom BrickmanPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 25
  • Votes 7

@Andrew R Lee I'm checking them out. Thank you

Post: Looking for a loan..

Tom BrickmanPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 25
  • Votes 7

@Engelo Rumora - Thanks for a point in the right direction

Post: Looking for a loan..

Tom BrickmanPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 25
  • Votes 7

I am still struggling. I own 5 paid off rental properties. I'm seeking a line of credit on my portfolio to get my next projects going. I have 2 properties in Toledo Ohio & 3 In Dallas TX. Is there such thing as a portfolio line of credit? If not I'm open to a portfolio loan. If anyone has any experience with any of this. Please point me in the right direction.

Thanks

Post: Help! I thought i was on the right track....but seem to be lost

Tom BrickmanPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 25
  • Votes 7

@Eric Veronica do you know any lender that would work with me or deal with this sort of thing?

Post: Help! I thought i was on the right track....but seem to be lost

Tom BrickmanPosted
  • Rental Property Investor
  • Dallas, TX
  • Posts 25
  • Votes 7

@Nathan G. Do you recommend any certain bank?