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18 December 2024 | 13 replies
couple of bullet points to bring up:* she's on M2M* I told her on 12/7 of the new rent which would apply to a new Jan. 1 effective lease, this is when I got the "I'm moving out" message* Sent her the move-out letter on 12/11, with options for her to either be moved out by 12/31 (she's fully paid up for month of December) or by 1/11 (30 days from date of notice) and pay a pro-rated rent based on her CURRENT rent amount. her choice, either is fine with me.With all that said, I'd love to do as you mentioned and post a notice on her door.
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18 December 2024 | 2 replies
The time for them to negotiate the price was when they got the appraisal done-they didn't, so too bad.Two choices-take the $5K and relist with a new realtor or negotiate with them for the $24K they are short.
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25 December 2024 | 10 replies
I acknowledged his concerns but was unable to resolve the issue.Since the tenant moved in, I have experienced escalating issues with his behavior, including:Lease Violations:Moving items without permission (furniture, safe, carpet cleaner, TV from his room to another tenant's room).Accumulating boxes in the garage, potentially exceeding the agreed-upon storage space.Installing a security camera in the common living area, which is a direct violation of the lease agreement.Failure to submit a work order for alleged issues with the smart lock, as required by the lease agreement.Behavioral Issues:Aggressive and confrontational communication.Unfounded accusations and personal attacks.Refusal to communicate through agreed-upon channels.Loud and disruptive late-night behavior (banging on the door, kicking the door) due to alleged difficulties with the smart lock, often accompanied by profanity.Harassment of my son, the designated on-site property manager, by making disparaging remarks about me and refusing to cooperate with him.Potential for Neighborhood Disruption: The tenant's late-night outbursts have the potential to disturb neighbors, although no formal complaints have been received.Unreasonable Demands: The tenant unreasonably demands advance notice of my access to the property for storage purposes, despite the prior agreement and my right to access common areas and my own storage spaces.Safety Concerns:While the tenant has not directly threatened us, his actions, including the harassment of my son, have created a concerning and unsafe environment for my son and me.Goal:My ultimate goal at this point is to evict the tenant due to his ongoing lease violations, concerning behavior, the harassment of my son, and the potential for neighborhood disruption.Questions:1.
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21 December 2024 | 12 replies
Regarding remote activation, my advice is first time you do this, make yourself a folder, save all the channels there, make sure you are sharing your folders via your browser of choice for easy access on the goGood Luck
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23 December 2024 | 17 replies
The choice between the two would be up to your investing goals and what you are wanting to do with the property.
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20 December 2024 | 9 replies
That said, it could be a good choice if you’re capital constrained and need to recycle equity from deal to deal.However, if you have capital to deploy and want to take a more hands-off approach, targeting a turnkey, rent-ready offering could be a better approach for your first deal.Full disclosure: I own rentals and operate a turnkey provider in Tuscaloosa—let me know if there are any questions I can answer for you!
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3 January 2025 | 42 replies
Tagging people who have no choice but to believe there is a light at the end of the tunnel is not persuasive.
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24 December 2024 | 44 replies
There is opportunity here for great cash-on-cash returns because we have local hard money lenders that provide 100% purchase & rehab loans for doing the BRRRR method, which ultimately decrease the amount in the deal.
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17 December 2024 | 14 replies
You'd be surprised what you can do, if you have no choice.3.)
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17 December 2024 | 0 replies
Finance was a combination of a few different vehicles and ultimately ended with a HELOC which was then used to fund multiple other projects over the years.