All Forum Posts by: Tyreek King-El

Team,

As i reach my first term of turnover for my house hacked property, I am running into a few hurdles that are helping me grow, but also sharpen/adjust my processes. One issue I am running into is that I do not allow a walkthrough of the property/room for rent until a background check has come back and the person is not a wanted criminal (exaggeration). Some people have issues with this because the background check costs $35 and they might not like the room in person. Am I doing this part wrong? My initial tenants didn't have a problem with this, and it leads me to believe that this is a "depends on the person" type of thing. I try to offer a full facetime walk through, but I try as part of the process, to not let someone who hasn't filled out an application or background check in the home. I also explain that this is for my current tenants' safety and would be for theirs as well should they move in.

I understand how apartments do it. But i think the very nature f house hacking is a bit different. Any advice helps, thanks!

@Bryce Jamison man! I appreciate your answer, this provides me a few different courses of action. 

Team,

What types of things would you be cognizant of before renting a room to a married couple, with a dog? Do I charge more because it's two people? Pet rent? Stay away altogether?

What's up team. So I'm hacking my second home, and my first water bill came at $611. My toilet in one of my tenants' rooms was running for about half of the month. I was able to call the water company and get half of the bill sliced due to a forgiveness that they allow once a year. The next part is where I need some expertise.

I knew about the running toilet PRIOR to closing, and did two final walkthroughs before closing. On both walkthroughs, the toilet was still running. I delayed closing after the first walkthrough due some bigger items, but still put in our final contract that they would be responsible for completing any leftover items post-closing. After moving in, I even reach out to the builder's assistant, as I have a 1 year builder's warranty. This was something I listed in my items to be fixed. Spoke over the phone once with her, and sent her an email detailing everything, as instructed. Even followed up, and received no response. 

Do you think I am able to request the builder's pay the portion of this remaining half that is over my actual usage, as the water company told me that their system showed it running prior to my closing, and since I have docs to prove it that we requested this be done (once I make contact with them)? It's only $305, but it's a $305 that I feel I'm not responsible for. Thought this would make a good toolbox addition, so I decided to post it, what are my options?  

I currently house hack in my SFH in Virginia. I got a bit lucky in having a 3bed/3.5 bath home, and something as close to equal beds and bath as you can get will work you wonders. During my marketing process, though my listing stated it, that's one thing people were interested in. I listed it on Facebook groups but also on websites like roomies.com. I ran screenings through turbotenant.com, which is very comprehensive (there are plenty out there though). That gave me credit history, income verification, criminal records, eviction records, etc and helped me build out a thorough lease. The applicants pay for their screenings and I chose the most qualified tenants after having conversations with them and feeling like we'd be a good fit. They honestly stay in their rooms 99.9% of the times, and if you offer a furnished option, you can charge a bit more. Message me if you'd like to talk more. I canhelp!

Good afternoon team, looking to see if anyone knows how I'd go about figuring out if a plot land is part of my property or not. Some info about the reason I am asking: There are a couple identical builds all in vicinity of my home (Picture a two row carton of eggs, each egg is an identical home). My backyard neighbor's yard extends all the way out the street, delineated by his fence, making it an end unit. Mine on the other hand, a mirror image build and plot of land, has a fence that does not extend all the way to the street. Over my fence is just grass, and what WOULD be an end-unit if they decided to build there. But I don't know if i should take my fencing as reasoning that the grass over my fence will be for another home in the future. 

I ask because the grass can grow pretty wild on that side of the fence, and for my own comfort, I get it cut when i get my own grass cut, but do not know if it is mine to tend to. That being said, I would LOVE for the land to belong to me, but don't know who I'd contact to get the fence extended if it does belong to me. 

Any help is appreciated!

Team, I am looking to beginning to self-manage my first rental, as I am actually moving not too far away from it with my second unit in about a month. What would be the best way to do this, and what challenges might I face? In my mind, I anticipate calling my PM and letting her know, and giving her a website that she can relay to the tenants for their future rent payments, work orders, questions, etc., and I'd pull the current leases and docs, upload them to what will be their new rent payment portal, and roll from there. 

This will significantly increase my cash flow, and I now have the capacity to feel comfortable doing so. Any advice is appreciated!

Investment Info:

Single-family residence buy & hold investment in Hampton.

Purchase price: $289,000

First property, great learning experience!

Investment Info:

Single-family residence buy & hold investment in Hampton.

Purchase price: $289,000

Purchased this 2022 new construction in February 2022.  Appraisal came in at $300,000. This was a big learning experience on this one, but she's mine and I can't wait to see where it is 10 years from now! Low overhead, low maintenance - perfect starter home to get my feet wet.

You all are awesome! Much appreciated!!