All Forum Posts by: David K.

that's what i am thinking of doing.  I am just concerned that since he already pulled emotional dog on me,  he might use it somehow against me.  Like can he take some legal action stating that the reason of no renewal is the dog?

Would it be better if i could give him a new lease with substantial hike in rent? Force him to leave on his own?

ok, will keep you all posted on the resolution - at this point we requested the tenant to produce doctor's official letter and so far have not heard back from him...

Yeah,  only 1 month left.  I can't just tell the tenant that i am not going to extend his lease,  can i?

Maybe a better solution is to offer a new one with a substantial hike so that he decides to leave voluntarily?

@Russ B. - you might be right! The first thing HOA asked for is to tell the tenant to bring the note from the doctor. So still waiting on that.

The guy's document says usaservicedogs.org. I could not tell by going through the website if this is legitimate. It seems like anyone can easily register their dog as a service dog. It does not even require any proof of need of a service dog. However it does say everywhere that by registering, the dog will be allowed anywhere...

@Rob B.thank you for your comment! 

The guy (tenant) is definitely using the system to his advantage. He is young and healthy and no way needs an emotional / service dog. I am hoping to not run into expenses associated with any legal counsel but perhaps will not have a choice 

Hello BP community,

I own a 2-fam townhouse in PA. The upstairs tenant moved in about 2 years ago and since obtained a pitbull. The HOA has dog size restrictions and this pitbull does not qualify. A neighbor recently complained and the HOA told me to remove the dog or evict the tenant or I will have to face consequences.

I relayed the message to the tenant and he came back with official paper that claims his dog is "Emotional Support Dog". The document has ID, dog's picture and it also says that Fed requires landlords to allow emotional support animals onto the premises.

This seems to be a nasty loophole and I do not have a clue how to deal with it. I showed it to HOA and they are looking into it but I still want the tenant out. Now, I am looking to just have his lease run its course and then tell the tenant that I do not want to extend the lease to him.

I would appreciate your comments especially if you had this happen to you - how do I get rid of him?

thanks

David

@Kenny Dahill - thank you for response! You are right - I did not provide many details so here is some additional info:

I have 2 SFRs in total in Indy. Both class areas are similar but I think that one is a bit better than the other so would say between C+ and C class area. 

The most important criteria for me in picking a PM is reliability. I live in NY and my investments are far from home and so I need someone who will keep me informed; respond to my calls/emails, someone who is local and can do it all - fix, rent, deal with vacancies and evictions.

Hello BP community,

I am looking for PM recommendations in Indianapolis. I have been with Brick Lane / HomeRiver for the past 2 years and they have been ok for the most part but something has changed lately and I am having a hard time getting them to do what PM's should be doing. One of my houses became vacant on Apr 1, which was planned and everyone knew it, and the tenants left it in a pretty decent condition. Inspection report revealed only a few cosmetic type of turn over issues but PM is taking forever to do anything about it. It takes weeks to respond to my emails. So, over a month later, they have not done anything with the property. I am looking at 2 months missed rent at minimum, w/o any good reason for it.

thanks everyone!

Update - finally refinanced and closed!

The conclusion - financially this is not the real brrrr because I left too much money in the deal but experience is priceless.

So, the numbers as follows:

Purchase price 105k

Rehab + closing = 15k

total all in 120k

rented at 1275/mo

appraised for 135k

after 25% down and closing = cash out is 96k

So, I left 25k in the property, but in the process rehabbed it, raised value to 135k (it sells even higher) and get my monthly positive cashflow of about $175/mo.

So, this is like 18% down after all, which is still better than if i did it via a conventional loan to begin with...

Great? Not at all, but I have learned a bunch. Closing costs in Jersey are ridiculous; process takes forever...I have established some relationship with loan broker and hopefully it will make things faster in future.

Would I do this again? Yes, but with better margins obviously. I know that this is a great area in demand and the market prices have appreciated about 15% since late 2017.

So what do you think - other than better purchase price (which is a given), would could I have done differently?

Hi Nicole S.,

I just came across your post...If you don't mind me asking - did you end up buying this property and what do you think of buying in Euclid now?

I am looking in Euclid - if you could recommend a reliable general contractor, I would greatly appreciate!

David K