All Forum Posts by: Troy F.

Good news everyone. He has agreed to transfer the security deposits at closing. Your insight helped me stick to what I and my realtor knew was right. The referenced website on IA law regarding security deposits was most helpful. 
Thanks BP!

Hello,

I've purchased a few properties now and this is a first. We are 8 days from closing and the seller's realtor informed me that we would not be getting the security deposits as that was not written into the contract. I've been asking about the security deposits since prior to contract signing. I noticed the seller's realtor seemed to be sidestepping the question. I just thought he was busy and didn't have the details, so he hadn't responded. Today he finally laid out their intent. These are section 8 tenants. Those security deposits belong to the tenants, not the seller, or the buyer. Have you ever heard of a seller trying to keep the security deposits before?

Thanks,

Jonathan,

Impressive results. Thanks for the link to your article. I'll consider reaching out.

Same as Nathan. We have our TVs connected to WiFi and linked to Roku. We've had guests ask how to log into the account. We tell them to sign in with their personal account information and all is good. Never any issues.

I'd like to know if hosts are using the dynamic pricing tool on Airbnb and VRBO.  If so, do the suggested prices seem to be paying off?  

I update my prices weekly, adjusting just a bit here and there according to my own research. If I accept the suggested pricing opportunities it could drop my rates by $100 / night in some cases.  However, leaving them where they are I feel like I'm missing out on bookings. 

Turno is another great app for finding cleaners. What I like about it is that multiple cleaners bid for the job. This allows you to compare prices quickly. You can select the best price, most experienced, or somewhere in between.

Great perspective. I love hearing the hard truth. I was focused on fixing them. Sounds like I’ve got more to consider here. Thanks for chiming in.

Thanks for the feedback. I've got some things to put into place before this is final, but I think it's going to work. The tenants may even appreciate the service. We will see.

Hello,

I have a great relationship with our long-term tenants in our multifamily. They have each lived there between 5, 10, and 20 years. I've owned the building for 5 years now. I've asked them to clean their apartments on multiple visits but I am seeing little to no progress. Their living conditions are unsanitary and could invite rodents, bugs, or just unhealthy living conditions in general. Their lack of cleaning is causing additional wear and tear on the property. I want to add a cleaning service to their next lease. Is there any legal guidance suggesting I can or cannot do this? They have shown they either don't understand the cleaning requirements or are unable or unwilling to clean to a reasonable standard. I plan to ask my lawyer as well but wanted to hear what the BP community is doing in these situations.

Thanks,

Troy

Thanks for the insight. I definitely have some things to consider.