All Forum Posts by: Trevor Scheumann

@William Haynes thank you very much! This is extremely helpful!

@Tony Savage Great, thank you for the input!

I finished my first BRRRR/House Hack in Charlotte, NC. I intend to do some off market searching in the Charlotte area, but have also considered looking into secondary or tertiary markets. I will do my homework on long distance REI (even tho the markets are 1-2 hours away), but have a couple questions

- What are some of your key metrics/signs you use when identifying a new market? And where are you finding this info to analyze?

- If you personally visit a new market, what exactly are you looking for during that visit other than touring some properties?

Any other recommendations? Would also love to hear your experiences or markets you like outside of Charlotte and why. Thanks!

@Adam Bartomeo I most definitely agree. I’ve got a late fee enforced to try and disincentivize late payments. But like you said, late payments are part of the game we play and I understand that. I’m continuing to work with the tenant, but we’ll be approaching two weeks late with no signs of plans to pay. Just wanting to make sure I’m fully prepared incase an eviction is necessary so I’m not scrambling at the 11th hour and make a mistake.

@Pat Lulewicz. PM sent. Thanks in advance!

@Laura Shinkle. Awesome! Thank you very much for the recommendation, Laura. I will reach out to try and figure out details and the procedure. Thank you

@Adam Bartomeo I appreciate the input. From what I’ve read for the NC law as well as what is written in the contract states that late payment in a violation and eviction is enforceable. An eviction is a last resort, but also want to make sure I’m fully aware of the landlord/tenant laws

I’m self managing my first rental property in Charlotte, NC. I have a tenant who has sighed a 12 month contract and already fallen 9 days behind in payments early into their lease. Every time I inquire about rent, I’m given a new excuse. The newest excuse is delaying the payment 2-3 more days.

I’m hoping an eviction isn’t necessary, but would like to start preparing ahead of time. Cash for keys will be my first option. If they don’t take that option, then I will want to proceed with a formal eviction. I will be doing my own research on local laws & regulations, but want to do this 100% by the books. Does anybody have experience with evictions in North Carolina? Or a real estate attorney they’d recommend in Charlotte incase an eviction is what it comes to? Any advice is appreciated. Thanks!