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23 February 2024 | 8 replies
Now the challenge is, being patient enough to find the next one!
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23 February 2024 | 6 replies
Moving foward: 1) Enter into month-to-month leases instead of yearly (term) - they are the SAME to YOU but month-to-month give you all the leverage should this occur again in the future. 2) You should add a clause to elaborate on and expand on the current 'Noise/Waste' clause and the new clause should focus mostly on nuiscance and violation of other Tenant's quiet enjoyment and the remedies (fines) leading up to eviction if the issue is not corrected. 3) You should add a clause to protect yourself from the other Tenants (the good Tenants) ensuring to clearly spell out that you are not resposible nor do you guarantee that other Tenants will abide by the lease nor is it your respobility to enforce the lease vs. other Tenants, nor do you guarantee safety. 4) This is the most imporant one that will fix most of your issues: Because you are adding #3, you will now add yet another clause that gives ALL Tenants the right to enforce the lease in regards to your new 'Noise/Waste clause 2' against any other Tenant who violates it and will idemnify you and hold you harmless, ensure to limit the right to only the pertinent clauses ---- essentially, if Tenant A complains to you that Tenant B is making funny faces at them... you can inform and remind Tenant A (in writing) that if the issue is a problem they have the right to pursue legal action vs.
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23 February 2024 | 2 replies
To provide a bit of extra safety, I then later get the lockset rekeyed.Hope that helps.
23 February 2024 | 8 replies
However, it's advisable to consult with a local attorney or property management professional to ensure that you follow the appropriate procedures and adhere to any legal requirements.Ultimately, the priority should be to protect your property from further damage and address any potential safety concerns.
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23 February 2024 | 12 replies
If you're patient it WILL get better and you WILL be happy you didn't give up when the money starts coming in.Since you're already hiring your own maintenance people the next step it to figure out how to oust the manager completely.
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23 February 2024 | 6 replies
I did renovate a local property and added value - in the unrenovated state the house was not rentable, not up to current safety code, etc.For example, buy $70,000 property, renovation costs $50,000 so you're all in for $120,000.
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23 February 2024 | 30 replies
I've never had an issues, it's just an extra safety measure.
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22 February 2024 | 3 replies
Now that he's out 15k plus interest he's done being patient, but too nice to pursue it.
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21 February 2024 | 5 replies
I am not really understanding what that means so I appreciate if someone can explain it to me patiently.