All Forum Posts by: Tony Crabtree

Zana Blue well I actually did serve the notice already. Law says 30 days from when it was given, which puts me at September 11. However, our side agreement says they would be out by this Wednesday. I wonder if I have to wait til the 11th to issue the detainer warrant? Or if I can go ahead do that Thursday if they're still there.

Pretty crummy tenant situation on my hands. Had to post an eviction notice on Aug 10 because tenants had failed to pay $1700 that was due on Aug 1, couple is going through a divorce now, and I got them to sign a form saying they would move out by Aug 31. Went over there today and there are NO signs of them really having plans to move out. Can't contact them. When sept 1 roles around, if they aren't gone, what are my rights. I told them someone is coming that morning to change the locks. But I realized I might have to have a lawyer or something for that. Any thoughts on how this process usually works. I need them out and out of my life!!!

I thought I had to but just wanted to double check. Thanks fellas.

So how often do I really need to do it? After every tenant, or do you think if I get all the keys back and the were a great tenant it's to just keep the same keys?

Joe Splitrock love the call to accountability and being a man. The guy says he's going to pay rent and try to win back his girl. Hope it works out for the sake of the family. We'll see.

Thanks everybody for all the responses. I think I can successfully convince him to sign a letter to terminate the lease, but good to know I can't make him leave just because his wife isn't there. 14 days is TN law here once eviction has been put on door. Then additional 16 days before I can take him to court. I would consider him leaving without a recourse a win-win for sure, so hopefully that happens. I also think the utilities are in her name. She should have the right to turn those off correct? And obviously he can turn them on again in his name, but that might be a good way of nudging him out as well.

So yea... The title explains it all. I had to serve an eviction notice is morning for $1695 in unpaid rent charges. Found out tonight that the wife is leaving tomorrow morning with the kids. As of this morning the notice said he has 14-days to pay, but I want them both gone. With her leaving, do I have to honor him being the only occupant? I'm gonna try to convince him his best option is to just get out by end of month... Which it really is his best option. I just want to try and get new tenants in here as quick as possible.

Thanks Jered Sturm ! What I keep thinking about is the idea that I want to have some cash available to do another rental property within the year. It seems like if I go the route of this mentor, that wouldn't be possible.

Newbie here trying to take his first action step!
Last October my wife and I purchased a new home and began renting out our old home, which can we happen to own free and clear ($150k).
We've loved owning a rental property ($1250/mo in cash flow) and are wanting to purchase another. We're thinking we want another $300 in cash flow but also want to start buying many more as well.
I had always thought the best way to go about it was a HELOC for the financing. Take out $60k maybe, but one house this fall, another maybe next summer. But a banker today (with what seemed to be VERY good intentions and desire to help) was very strong in his recommendation to not do the heloc, do a commercial real estate loan for $80k from the rental property, use it to buy the next house, then use all the cash flow to have both loans paid off in 7 years.
Long story short, I'm really confused now and scared to pull the trigger on anything.
Any help or thoughts?

James Wise thanks!!! Good to know. I asked my dad and he may seem a lot more complicated than that!