All Forum Posts by: Victor Trujillo

The more you do, the less you make.

Know what tasks you'll tolerate, if it isn't one you'll tolerate, have someone (handyman, property management company) ready to pass the task on to.

80% of your earnings come from 20% of your actions, taking care of that task (or one of the like) does not constitute any of that 20%.

I plan on getting into PM myself when I return to Arizona! The organization you mention sounds interesting Robert, I'll certainly be looking into them.

Hey check out these guys, they're who I plan on getting my license through when I get back in town: http://www.asreb.com/ Hope this helps, take care.

Hey there Casey! Although I have no experience with this, perhaps in order to prevent similar situations in the future, your lease should contain statements such as:

-zero tolerance for any illegal activity

-rights to enter the rental/property, for which reasons (i.e. repairs, inspections, etc.), how many days prior you must notify them, and how the notification will be issued. 

*For your situation, maybe bring a legit inspector with you who can more easily identify suspicious activity. Also, after issuing the notification, perhaps monitor their specific section of the property, and gather intel on their doings (people coming and going, boxes/packages/backpacks/duffelbags coming and going). At least, this is what I'd do. You can always setup security cameras (all around the property, not clearly in that section alone so as to alert them that they're under surveillance).

-the consequences of continued noise complaints from neighbors/3 warning maximum for example. Then after repeated violations of the clear statement in the lease, begin filing for eviction.

OR as Brandon Turner suggests, pay the tenant two months rent to leave by a certain date. Although, not all of us can afford to do that.

From what I understand, from all of the studying I've been doing, the lease is your main source of power as a landlord/property manager. What I plan to do myself, is initiate new tenants onto my property with monthly leases/rental agreements for a month or 3 so as to get a feel for them, and if they seem fit, then offer them a yearly lease upon renewal. I feel that quality people would understand this process, should they look at things from your point of view.

I hope this helps, godspeed. 

It's my pleasure to serve! 

Aha! Yes indeed, you speak the truth. I will add you to my list of contacts friend, and look forward to doing business with you.

My pleasure Christina.

Don't know of any in Tucson, but I'll search for some and get back to you on this.

Hey Kenneth, just curious. What led you to become an investor? After such time had gone by without being one, that is. Valuable information you've shared, about there being different regulations for existing properties versus new buildings.

Thank you for the welcoming Michael.

Hey there! Glad to hear BP has been of such benefit to you! It has been a great resource for myself as well. It's helped improve my business ten fold, as it'd be quite literally nothing without it. Granted, my business is relatively small as of right now. However, I met some great minds through it, and attended networking events as a result of this website as well. Has been invaluable, and opened my eyes to many different perspectives on real estate, and has given me a better grasp on the scope of real estate! Exciting times my friend.