Can't make it on short notice but look forward to attending one in the future!

Hi I have a friend who is buying his first duplex using a VA loan he’s in the process of evicting a tenant because he needs to move into one of the units but is having problems the tenant is on a month to month lease and he gave her a 30 day notice to leave.

I used the calculator today and it was adding cashflow during rehab months 🤦🏻‍♀️I also noticed that rent did not increase for years 2-30. 

Hi Ian, we have 15 units medium term in our management portfolio listed in FF and Airbnb and accept 1 month stays, but I do think that 3 months minimum with 45 days notice is a good base lease term setting to reduce the frequency of occupancy changes.

I noticed you are in Austin Tx (I'm in the Ft Worth market as a Landlord, rehabber primarily). 

The cash out refinance would decrease cash flow by about 300 per month. 

You have to know the landlord tenant code regarding proper notices etc.  

Majority of mold complaints are tenants panicking and/or trying to get free rent out of their landlord.If they do get an attorney involved, their attorney will send you a written notice, which will lay out the issues and often tell you to give the letter to your insurance company.Don't bother with this, but you can discuss with your agent.When you or your PMC (or both) receive a legal notice of a case started, that's when you want to get your insurance company involved.Recommend you keep a record of all your communications with your PMC about this issue.

But, of course, they found something to send me a written notice over.It was a handful of small stuff, no big deal.

I've spoken with multiple real estate agents, property managers, and investors who have all noticed the same thing.