All Forum Posts by: Zack Kosenka

@Nathan Gesner I am starting to think it was never in his name. I sent him a text this morning and he still hasn't responded which is not the norm. Something fishy is going on. 
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@JD Martin

In Indiana, the bill follows the name on the account, which at this time appears to be a false name, not the address. 

The lease states the tenant is responsible for the utilities. I will have to reread that clause for the possibility of eviction because this has me frustrated, almost like the tenant is trying to play me. 

Thanks Theresa! I'll have the tenant make the situation right with no further penalties.  

Hello BP, 

I rehabbed and rented out my first rental property this April. Everything was going ok, until I got a bill for the water service between May 16-June 14 ...they offer a program that switches the service back into my name when the tenant cancels service. 

The lady that works for the water company said it was canceled and the account was in a name that doesn't match the tenant's name! 

Crazy right...other than getting the tenant to switch it back into his name and pay for the bill I received, how would seasoned landlords handle this situation? 

TIA, 

Zack 

You’re welcome 

5/3 is not small (multiple states in Midwest, south, and east coast) but it’s not a national bank.

@Collin Black I am going through a similar situation. I found a signature loan through 5/3 bank at 7.5% interest rate for 5 years. It was a Simple process and got the money quick. If your credit is an issue, you might have to pay a higher rate. Around my area, I also heard credit unions are good at loaning signature loans. 
hope this helps, 

Zack

It’s along term investment for me. I believe in blockchain tech and think it’s the future. 
with that, I’m regretting not buying the dip and I won’t let that happen again. 

Fellow Hoosier here (but not near you) and I would suggest a local Real estate investment group. Joined one and it has been paying off big time. The amount of info I have learned and the networking has helped tremendously. 

Best of luck! 
zack

@Elijah 

@Elijah Tatum Welcome! I would definitely have a conversation with her and find out what she wants. Sometimes people want out and are not too concerned with the selling price. Once you are certain what her motivations are - then proceed with the proper strategy. David is absolutely right to make sure the numbers work out and pay attention to material costs for repairs because the cost of plywood and other materials is currently astronomical.