Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Walt Dockery

Walt Dockery has started 2 posts and replied 165 times.

Post: How would you renovate this kitchen (picture attached)?

Walt DockeryPosted
  • Investor
  • Winter Park, FL
  • Posts 171
  • Votes 165

If the cabinets are functional and it's not in a location that will command high end rents, I'd leave them, maybe paint them and as you said new hardware. Cabinets are expensive. 

Even appliances, if existing appliances work not sure I'd replace them.   

Post: Tenant signed lease and now not moving in or paying rent

Walt DockeryPosted
  • Investor
  • Winter Park, FL
  • Posts 171
  • Votes 165

You said in initial post you turned other applicants away have you tried contacting those applicants to see if they are still in the market?

In addition to other comments here, in the future, have desired move in date as a question on the application, and when they are approved take a deposit to hold it until that date. 

I would sell it, sell any other rentals and sell two cars and the McMansion. 

Not sure how you came to own it, but if you can't afford to keep it up or evict someone it's not worth it. Owning rental properties you can't keep up and owning 3 cars and Ann mansion is not the way to get out from under financial problems. 

Post: Weird Break in at a unit

Walt DockeryPosted
  • Investor
  • Winter Park, FL
  • Posts 171
  • Votes 165

I would probably file a police report, just to have it documented.

Post: Should I Replace windows?

Walt DockeryPosted
  • Investor
  • Winter Park, FL
  • Posts 171
  • Votes 165

I would replace them, but I have a fairly nice rental and try to keep it nice. 

Post: Legal Question: trampoline in backyard of rental property

Walt DockeryPosted
  • Investor
  • Winter Park, FL
  • Posts 171
  • Votes 165
Originally posted by @Jeff Bridges:

Don't call the insurance company to verify if they allow trampolines (that's asking for a premium increase). Assume they don't like them and will raise your premiums if you allow them or didnt report you had one and there was an injury on your property. I would notify your tenant that it is a lease violation and not permitted by your insurance company and have it uninstalled immediately. I always get asked if there are trampolines on my property when getting a new policy, so expect that it will be a factor in your premium and or is just not covered. People injured on your property will go after the biggest source of money, the landlord... don't give them more ways for them to do that..

I've heard people say in general "don't call your insurance company and ask about x, they'll raise your rates!"  I've never understood that and I have always had an independent agent I can run things by without fear they will raise rates just for asking the question, if I ever felt otherwise I would find a different insurance company and/or agent. 

That's not to say it may not be easiest to simply tell the tenant insurance won't allow it (which is very likely the case) and was sort of implied in my post, but I think it's ludicrous to be afraid to ask the the question. 

Post: Legal Question: trampoline in backyard of rental property

Walt DockeryPosted
  • Investor
  • Winter Park, FL
  • Posts 171
  • Votes 165

Call your homeowners insurance and see what they say. They might give you an easy reason to have the tenants remove it. "Sorry, my homeowners insurance does not allow it". 

Post: Murder at rental. What to do?

Walt DockeryPosted
  • Investor
  • Winter Park, FL
  • Posts 171
  • Votes 165
Originally posted by @Deanna McCormick:

murder

[ mur-der]


NOUN

1.

Law. the killing of another human being under conditions specifically covered in law. In the U.S., special statutory definitions include murder committed with malice aforethought, characterized by deliberation or premeditation or occurring during the commission of another serious crime, as robbery or arson (first-degree murder) and murder by intent but without deliberation or premeditation (second-degree murder)

It would still be non-renewal, mutual termination and immediate. 

sorry I would never change a position on this.

 If this would have been a simple death, the poster would not have listed it as MURDER it was an intentional act. Someone had a weapon, used it, and who knows if the next time they stop round who will be the target of their stupidity. Why risk others.

This isn't a tenant with a Pit Bull that's still living there, it's a tenant that has had family members that KILLERS  followed or tracked down to the property to do harm to, who's next. 

Yeah I think everyone here understands what the word means.  

Post: Murder at rental. What to do?

Walt DockeryPosted
  • Investor
  • Winter Park, FL
  • Posts 171
  • Votes 165
Originally posted by @Deanna McCormick:

In my experience Zero Tolerance was the correct action to take, no if's and's or but's. 

 I wasn't the owner, but followed the owners legal direction on how he wanted this type of incident to be dealt with and managed. 

So ya the guy that got shot down in our hallway was a nice guy, his girlfriend a sweetie they had just come in and renewed their lease 3 days earlier, together, holding their 6mo old baby. Hard to deal with you bet, crime scene clean up, damages to building, damages to reputation of community.  Our Zero Tolerance Policy was just that no exceptions. 

Zero tolerance applies to victims of crime and their families?

There may very well be more to the story, based on what has been shared it seems you are making a lot of assumptions.  

Post: Murder at rental. What to do?

Walt DockeryPosted
  • Investor
  • Winter Park, FL
  • Posts 171
  • Votes 165
Originally posted by @Deanna McCormick:

Horrible thing to happen and it does, I worked at complex , 23 yr old kid shot in the hallway over $400 bucks worth of pot..

We gave notice for them to vacate and refunded the deposit, We just plain wanted them out.

The element of Crime is and was there, we had a Crime Free / Drug Free addendum you'll never know the full reason of WHY this person was killed. Get the other roommates tenants out as quickly and reasonably quietly as possible. We asked for help from police departments and they would give us a notice to comply to have the tenant removed from the property. 

Might take a month or so for things to settle down, as other tenants will for sure ask to leave if you don't do something and still might eve if you do. We held firm with those tenants and said proper notice and your lease is up XXXX so we did not let anyone else out of their leases. 

Not all murder victims are "riff-raff".  OP also said it's a single family home, so not sure if this concern about "other tenants" is applicable here.  

Unless there is some evidence the tenant is involved in crime, I think @Thomas S is spot on let them decide what they want to do.