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All Forum Posts by: Wendy Jiang

Wendy Jiang has started 6 posts and replied 29 times.

Today I got a text from one of my tenants saying she has had some breathing problems since moving in (2 months ago) and asked if I have ever done mold inspection. I am not sure how to respond and what will be the next steps.

I took over the property about 2.5 years ago. Mold inspection was never performed, as there was no concern about mold. The previous tenants have lived there for 16 years and have never mentioned mold related issues. Then I had tenants living there for 2 years and have never mentioned any issue. 


Quote from @Thomas Talbert:

Co-signers are always welcome! Certainly in the student scenario. You should be sure to run a credit report on the parents to ensure they are well-qualified and of course able to cover the rent if the student cannot. What is also very common is to charge a more aggressive security deposit or do a regular security deposit plus a monthly Security deposit alternative on top of rent to ensure you are properly Collateralized.

Thank you Thomas. This is really helpful!

Hi all, I have recently received multiple applications for my property. All applications are from students! One group really stands out. They are going to start dental school here and will likely stay for four years. However, two out of the three tenants do not have good credit scores. They shared they only briefly worked after undergraduate and then directly started dental school. They are willing to offer their parents as co-signers. I have never had co-signers before. Should I also run the credit report and background check on the co-signers? I am not sure how it works and would love to get advice. Thanks!

Quote from @Eddie L.:

@Wendy Jiang

Full disclosure I have no real estate experience yet, hopefully soon. Albeit I do agree with Scott on asking for a list so that everyone's on the same page. There's also the concern that they're taking one item at a time for just testing the waters. Also as they're taking bigger items like washer dryers are you concerned that they may damage the property of the movers are dragging them out. I guess that's what the security deposit is for.


 Now I look back, they totally tested the water when they first told me they would take the chandelier away. At this point, there is honestly nothing else they can remove from the apartment...

Quote from @Nathan Gesner:

Just remember how happy you'll be when they're gone, the property is updated, and you place good tenants that pay market rates. An extra $12,000 your first year will make up for every appliance and then some!


Toast for the extra $12,000/year!

Quote from @Colton Loretz:

They saved you the hassle of getting rid of old appliances is one to look at it. Ha.  Probably not much value there that you lost in the scheme of things even if they weren't entitled to take them (and likely sell them). A couple hundred bucks on FB marketplace maybe? Depending on how nice they were. Sounds like not a massive issue if all appliances are cheap. You could add some cap x into renovations and seek higher rents. Definitely rantable though. Damages are probably rather low based on what you say. You could try to bring a claim in small claims court if you want to deal with the time / filing fee / stress of that.  Or just look at it as a gift that the tenants helped you with removal of old fixtures!  

Glass of wine sounds good right now. My wife is pregnant so she feels your pain. I am naturally drinking less because of it. Helps save a bit of money on our budget, at least. Ha.   Hope you find some rockstar tenants next go around. 


Thank you! New tenants will be happy with the new appliances. Yeah, this is not worth the time and energy for filing small claims. I will just imagine I am donating them to Goodwill. 

It's Friday afternoon and I need a place to vent...since I am preggo and can't drink wine now. 

My husband and I took over a duplex last year, with one unit occupied by a couple who had lived there for 16 years. Their rent is extremely low, at least $1,000/month below the market. The previous owner gave us some credit to keep the tenants for another year. 

Their lease will end on May 31. On Feb 12, all of a sudden, they told me they would move out in March. To be honest, I was relieved that I wouldn't have to go through the eviction route. And since they didn't make any trouble since we took over the property, my husband and I decided not to ask them to pay for any penalty for terminating the lease two months earlier than scheduled (even though the lease said so). We are also planning on returning 100% of their security deposit. 

However...

They started to inform me they would take the washer and dryer away because they bought them...and every time I got in touch with them, they would inform me of items they would take away because they bought them. Basically, they are taking away everything they can remove from the wall, including the gas range, fridge, vanity mirror, chandelier, washer, dryer, etc......

I know I could easily stop this, because they were there during the closing walkthrough and they didn't mention any of these items. I decided to let it go. Most of these items are very old and I would have replaced them anyway. 

I just want to hold a glass of wine and laugh about this. Since I can't, I am sharing the story here. I am glad they will be gone in a few days and I will be making the extra $1,000 every month. Happy Friday. 




One group of my tenants even want to be there when I have contractors come over to give an estimate or do work. (One of them is very chatty and would chat with the contractors while contractors are billed by hours.) Other tenants never want to be around when I do showings or have contractors over. I think it depends on tenants' personalities, too.

Quote from @George Sauder:

Lowes with a 5% discount... estate sales are a good place to check if the big box stores are sold out.


 Thanks George. To get the 5% discount, I need to open a credit card with them, right?

Quote from @Travis Timmons:

If you can find a friend that is a designer or perhaps a contractor that has a trade discount of 10-20%, that could be helpful. We have worked with a designer in the past that has 10% off of everything on Wayfair and a few retailers, for example. She has allowed us, as a favor, to purchase at no extra cost on some random items.

I love this idea!