Albert Johnson
Can I charge tenant for clog drain
16 December 2024 | 9 replies
It's just hard to prove that the tenant caused the issue, since as time passes the drain tends to accumulates as well.
Jim Bryant
Collecting an Eviction Judgement
3 January 2025 | 1 reply
I imagine I can get his wages garnished or maybe collect from his tax return.
John Cooper
Difficult Tenant: Escalating Issues & Safety Concerns
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.
Becca F.
Questions for Ohio agents/investors and Class A, B, C in your markets
12 January 2025 | 25 replies
This in a neighborhood that is slowly appreciating, some renovated homes mixed in with older homes, but is street by street:Purchase price: $130,00001% rule: meets about 0.88% Down payment 20% and closing costs: $29,493Rate: 6.99% conventional 30 yearMonthly payment PITI: $1009 (was $859 until property taxes increased recently) Current rent $1200 (increased from $1150)Property management fee 10%: $120 (was $115) Net cash flow (if no repairs called in): $71 (was $176)Net rental income most months: $170 (first month rent), $935, $922, $1035 (full month rent minus PM fee) $567, $760, $307, $963, $1035 (full month ), $535, $925, $1035 (full month but now property taxes increased), $585.
Benjamin Jones
Is anyone investing in Japan?
25 January 2025 | 24 replies
BUT...if you're American and can still get loans in the US (the silver lining of having to still file US income taxes while living abroad), then why not use leverage?
Justin Silverio
BiggerPockets + Invelo - Here's what you get
9 January 2025 | 43 replies
Tax deliq, preprobate, etc.
Rachel Payton
Insuring a 100 year old apartment bldg
3 January 2025 | 1 reply
Since they're low income/tax credit, they just don't make the kind of money needed to pay those huge premiums.
Briley Roe
Dscr investment rates high
2 January 2025 | 12 replies
If it's in a high tax /flood area taxes and insurance could easily be 5-6k or half that then with title insurance points and closing it could make senseWhat is the breakdown ?
Jason ODell
Cash on cash for non-leveraged properties
4 January 2025 | 2 replies
Also make sure to consider all the aspects you can including the tax differences.
Puneet Mahi
Texas or Florida?
2 January 2025 | 10 replies
STR-friendly markets make it easier to get started and grow your business, and the lack of state income tax is a huge perk.