All Forum Posts by: Tom McGee

All good points! 

She did not say a word. The neighbors told me she left. I visited the property and the place is cleared out. The key was left.

I am relieved she’s gone. I just want to make sure I don’t make a mistake by listing it without having anything in writing. And I have her last months rent and security deposit. 

Again, she signed a one year lease just 3 months ago. 

I just had a tenant vacate without notice in PA. She is on a one year lease until April 2025. Two weeks ago, she sent a request to leave and I prepared an agreement so I could acquire a new tenant first. She never responded. 

Today she moved out and vacated the property. I sent communication but it has not been responded to.

Can anyone provide advice:

What are my legal rights?

At what point can I begin to market the property and find a new tenant?

am I legally allowed to keep her last months rent and security deposit?

Is there a legal letter I should send?

What should I be proactive about?  Things to avoid?

Looking for some advice. 

If I am unable to change the financing structure due to high costs of refinancing, are there ways to still protect the assets under an LLC?

 Ha!  I see what you did there.

Good point @Jerry W. Thanks.

Looking for advice on how landlords handle pests and rodents in lease agreements. How do you structure your leases regarding tenant - landlord responsibilities?  As a landlord, how specific do you get and at what point, if any, does tenant become responsible fro treating the issue (other than communicating to the landlord of issues). 

I realize laws change from state to state.  This is a Pennsylvania question.

Thank you @Lateefah Mathews.  Your suggestions are great and they are appreciated.  I can't seem to get passed the first step with mortgage company to transfer without refinancing. I have great rates at 3.5% (golden handcuffs).  Gonna keep asking -  there has to be other ways.

I am trying to restructure my rental units (2 duplexes), currently in PA. Currently, they are financed under my personal name. My goal is to set up an LLC in Wyoming (I heard this is the best state to do an LLC) and structure these properties under this new LLC entity. I am uncertain about the mortgage part because I have grate interest rates being under my personal name. I would assume the mortgage would need to be changed because it's a personal loan. Also, my insurance is coming up in June and I would like to restructure so I can change the insurance coverage to the LLC. Can anyone provide advice and steps to moving this forward?