All Forum Posts by: Abad Marroquin
Abad Marroquin has started 46 posts and replied 122 times.
Post: How to analyze a short term rental.
- Chatsworth, GA
- Posts 122
- Votes 15
Post: What's your reaction to this Unpaid Charges report from your property manager.
- Chatsworth, GA
- Posts 122
- Votes 15
Julie,
- Rent Demand Notice: Unspecified notice to pay or quit. According to Georgia laws on eviction, if a tenant fails to pay rent, the landlord may serve a pay-or-quit notice and file for eviction the day immediately following the day rent was due. Written notice is required, but there is no specified amount required (OCGA § 44-7-50).
Post: What's your reaction to this Unpaid Charges report from your property manager.
- Chatsworth, GA
- Posts 122
- Votes 15
Quote from @Julie Huffman:
Hi Abad! I'm definitely seeing weaknesses in the rent collection on your PM side. No matter what areas your properties are in, your PM should be screening tenants and trying to ensure that these things don't happen.
Screening is not always a guarantee that tenants will pay unfortunately, but your PM should be sending out notice as soon as the tenants are outside of their late grace period (if you have one) and haven't paid. They should also be able to effectively tell you why the tenant has not paid or when the tenant is claiming they will pay.
I'm not super familiar with Georgia landlord/tenant laws, but here we typically file eviction as soon as the tenant is one month behind on rent unless they have justification to be late. Your PM should be looking out for your best interests and your cash flow.
Post: What's your reaction to this Unpaid Charges report from your property manager.
- Chatsworth, GA
- Posts 122
- Votes 15
Quote from @Michael Smythe:
@Abad Marroquin appears you have found a Class C/D PMC to manage your Class C/D properties.
Highly unlikely you will find a Class A PMC to manage these, but you may be able find a Class B PMC.
You'll want to set expectations upfront and hold them to those expectations.
Post: What's your reaction to this Unpaid Charges report from your property manager.
- Chatsworth, GA
- Posts 122
- Votes 15
Theresa, most of my units are duplexes, brick siding, one level buildings. I have to admit that some of the units are not in the best side of town. Most of them are C class with 8 of the 38 units probably D class being in the least desirable area of town, but the pattern is the same. I have told my manager that they don’t have to wait until tenants owe $3000.00 (almost 4 months of no payments) to evict them. I can’t afford to keep losing 3 or 4 months of rent.
Post: What's your reaction to this Unpaid Charges report from your property manager.
- Chatsworth, GA
- Posts 122
- Votes 15
Thank you for your comment. I need to start looking for a more efficient property manager. Also, they are no longer replying to my emails, and I have to call to remind them to send me documents I had already requested by email.
Post: What's your reaction to this Unpaid Charges report from your property manager.
- Chatsworth, GA
- Posts 122
- Votes 15
My manager sends me this monthly Tenant Unpaid Charges Summary. As you the owner reviewing this report, what strength or weaknesses you notice? Is there anything they could do better when it comes to collecting rents, tenants getting behind, and when to start filing evictions. Thank you for your input.
Post: Is it a good idea to self manage when unable to find a good property manager?
- Chatsworth, GA
- Posts 122
- Votes 15
Quote from @Julie Chai:
I just started using Innago.com to self manage my out of state fourplex.
I used apartments.com when I self managed my Firts units. I have heard a number of other websites that promise to be the best. What else have other investors used?
Post: Is it a good idea to self manage when unable to find a good property manager?
- Chatsworth, GA
- Posts 122
- Votes 15
Quote from @Tracy Streich:
@Abad Marroquin If you cannot find someone maybe consider hiring a VA to do some of the paperwork. This is likely less expensive than what you are doing now. They can do background checks and vet tenants and assign work orders to your vendors. Then you just focus on what you actually need for boots on the ground.
I have considered Hiring a VA, but I have not done that yet. Do you guys recommend any good platform/website where I could go and hire one?
Thanks in advance!!!
Post: Is it a good idea to self manage when unable to find a good property manager?
- Chatsworth, GA
- Posts 122
- Votes 15
Quote from @Charles Carillo:
How many property managers have you tried using?
Charles, thanks for your input. This is the third manager I have hired. They either manage too many units or have inefficient systems. Some of my bills are not paid on time, tenants complain that they do not answer the phone or text, and we get notified about maintenance request after 3 to 5 days the tenants reported.