All Forum Posts by: Ron T.

What’s the lazy (or efficient) way to invest in real estate?   Is the book worth reading? 

Have some of you read this book? Is there new unique methods that we should know that aren’t discussed on Bigger Pockets? I’d appreciate comments or brief review.  I’d love to think there WAS a (Profitable) lazy way to invest in real estate.  
thanks 

Ron. 

Thanks..

If I called the repair person I could ask them why they thought it was broken and they’d most likely give me their honest opinion. 

If the tenant calls for the repair person how would the landlord find out if it were abuse, normal wear and tear or defect. 

So unknowing should I assume a defective unit and call the service person?   Then I’ll probably get an accurate report. 

Thanks for the comments and suggestions.  I guess I need to have someone go fix it and then ask them what was wrong with it.  If there's no conclusive evidence of abuse then I'll cover it.  Thanks..

Hi All,

I have a SFR where the dishwasher wasn't working well so I replaced it with a new one.

Now about a 15 months later the same tenant says that the dishwasher isn't working and think the motor is burned out.

My rental agreement says that the tenant is responsible for all normal usage repairs (clogged sinks, etc.).  How would you treat this second request for dishwasher repair.  I want to be fair to the tenant but don't want to pay for all their abnormal wear and tear, breakage, etc.

Thanks,

Ron

Sara,

Thank you..

I did see that after they both requested their reports that their combined recommendation was accept.  Individually they were both denied.

thanks,

Ron

Hi,

Does anyone know if SmartMove uses the combined income of two applicants in meeting the 3:1 requirement?  I currently have an Applicant and Co-Applicant.  The applicants reports came back with a "decline" recommendation while the Co-Applicant's (husband) report haven't been responded to yet.  If their combined income meets the 3:1 requirement will SmartMove change the applicant's recommendation to "accept"?

Thanks for any info.

Ron

I used the Sheriff and they were awesome!  They went early in the morning to get the couple at  home and went to the third persons, who already moved out, at their place of work.  I later spoke to the Sheriff and he really thought about the best way to get them served and went out of his way to get it done.  

I won the unlawful detainer by default because nobody countered it.  The Sheriff posted the home with the notice to vacate within a certain date.  The Sheriff gave me a date a few days after that to meet them at the home with keys.  At that date if they were still there the Sheriff would physically remove them and I had to be there to secure the home.  I didn't need to meet the Sheriff because they vacated on their deadline.

So it was a victory getting my house back but I still have the chore of getting paid for the missed rent, legal fees, and lost income (time it took to rent again).  It's been over 6 months of paperwork attempts with the court system for them to go after my money since I won by default.  This is where the court system is letting me down with endless trivial paper corrections one after another.  I think if I want to pursue this money I will have to start over with a small claims case.  

Does anyone have experience with this whole process to the end of getting paid through the court system?

The whole process was a pain but a good experience to have gone through being a landlord.  The biggest lesson for me was to getting into this situation by not following the rules when screening.  

Does anyone have a good recommendation for the method of serving unlawful detainer complaints and summons to my tenants?  There is a husband/wife and friend, 3 people, on the lease.  I understand if all tenants and not served in person that they get an additional 10 days to respond (instead of the 5).  I really want to get default or to court ASAP.  The sheriff would have the best impact to serve but my concern is that the courthouse sheriff dept. may simply be a 8-5 operation and that all tenants may not be home.  Will the sheriff serving them simply try up to 3 times at his/her convenience or will the sheriff consider the best time to approach when everyone is home?  I'l appreciate other landlord's experience here and whether they use the sheriff or other serving person, one who may be more strategic in serving all tenants in person.

thanks for any advice.

ron

For some reason a cheap home ($50k) with good ROI seems like the ideal investment. But what is the trade between two $50k homes vs. one $100k home with the same total ROI?

Thanks for any comments and discussion.

Ron