All Forum Posts by: Account Closed

Thanks Sue! yes, the property is in Wisconsin. This is a dumb question, but how does one become an 'agent'? Is there some sort of paperwork to file? I also read that an employee would not need to be licensed but not sure if we want to go through all that right now. We are hoping he gets better ;-)

Linda Weygant

Exactly. it all works out better tax wise to avoid transferring the property before death.

Randy E.

Thank you, that was very helpful!

We are thinking that his dad will go ahead and sign the 5 day pay or quit, and then we just hope they pay and we can avoid any further actions. We can send it certified mail, rather then trying to deliver in person since he will not be able too, and we can not serve it. If they don't pay, then it looks like we will need to contact a lawyer to see what should or can be done.

I think you are correct Glenn, but our worry is he has an issue tenant right not that might need a pay or quit notice and possible eviction. There is just no way he could go to court right now. We are hoping it doesn't come to this though. We are willing to go talk with the tenant to resolve this but not sure we are legally allowed to do so. They will be close to 2 months behind on rent come May. They wrote two bad checks in a row. 

We have properties in Wisconsin and use Wisconsin Legal Blank for our leases. All of their material is written by a lawyer. They have every kind of form you can think of.

Look under Rental forms, then Agreements. ( I would post a link but I don't think we are allowed to?)

Sorry, I was incorrect. The property is deeded to him upon the death of his father.

My soon-to-be father-in-law owns a rental building. He is in his early 80's now and has been in the rental business for 30+ years. ( Self-managed ) We do help him often with repairs. He recently has gotten sick. Very sick, and they are still trying to figure out what is going on with him. Needless to say, he is not currently able to manage his properties.

The property is deeded to his son ( my fiancé' ) - can he act as the server of process/agent for him? I've been reading that in Wisconsin you have to have a broker license, or be employed by someone with a broker license to do so, but what about a family member who will eventually own the property? I know you do not need a license to self manage your own property. 

We bought two separate apartment buildings ( for a total of 4 buildings and 35 units ) all with existing tenants and it has been going very well for us. We only have one problem one so far. Not bad for out of 35.

The one apartment building has some very low rents. We honored their leases, then when they were due for renewal we raised the ones who had not had an increase within the past two years, and left the ones alone who just had an increase last year. We haven't had anyone leave yet and everyone seems happy that we didn't come in and 'throw' everyone out. We hosted a meet and greet when we took over, and nearly every tenant was more concerned about still being able to live there as opposed to any other issues. They didn't want to have to leave. Maybe we were just lucky. LOL

I still have one of the older tenants hug me every time she seems me because she is so happy she can continue living there. Her place is immaculate and is never late. 

@Mike Landry

Im curious to what you find out as we are having a similar issue with one of our units.

Tracie

Maybe next time you see her you can ask how things are going, hope she likes the place so far, etc.,  and then work in something like, 'I hope I'm not making too much noise upstairs, the walls are kind thin and sound just seem to travel around easily.'

Maybe she will get the hint.

@Marcia Maynard

Thank you!! So give them the option to pay now, or, a 3 day notice will be served. I will call tomorrow or text if I get VM, then deliver the letter on Wed.