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All Forum Posts by: Yaakov S.

Yaakov S. has started 2 posts and replied 2 times.

2 tenants in this duplex 1 pays on time every month the other one pays like 5 days late for 50% of rent then pays the rest even later if I evict I would have to give a 90 day notice as they have been there for a while (this is in ny) my property manager also thinks if I evict I can get 10-20% higher on this unit (this is my first property so i don't love taking on so much risk) just not sure what the correct move is here. Also charging them a 50$ late fee (if it takes them more then 7 days to pay) 

im thinking maybe I tell them they need to start paying on the first and kinda frame it like a warning? Don't want to be to "dickish" 

Post: 17 trying to figure out what to do.

Yaakov S.Posted
  • Posts 2
  • Votes 5

Hey! I'm 17 years old, I've graduated high school and currently doing an accelerated college degree. in the meantime I'm working a full time job/ a few side Hustles and a budding business. I currently have a little over 35k in high yield savings and I'm on pace to have around 100k when I'm 18, I have a bit of money in stocks but I've always wanted to get into real estate, ive been watching the bigger pockets podcast for a while and ive also read quite a few books, i know how to value properties and I have 2 people who are willing to cosign deals for me. What I'm trying to find out is... Where do I start? (Looking for long term buy and hold)