All Forum Posts by: Aisha M.

@Max T. Not that simple. I forgot to mention she receives section 8. They are paying August and going forward. They won’t be paying for her staying during the month of July.

Inspection took longer than necessary throughout July so rule is the tenant is responsible for July rent in full. Just giving some clarification.

Thanks to everyone that responded.

Hey, I would like some suggestions to help my tenant catch up on back rent for July.

Should I spread it over the remaining 11 months on top of her rent or are there any other options where I can get that money sooner? Open to all suggestions. Thanks.

I bought my first duplex last year at 23 years old. I’m house hacking btw. Been through some crappy tenants because I didn’t screen properly but then I learned my lesson at 24 now and have not one but two great tenants moving in.  

Bought the duplex intentionally with value -add in mind since I knew I wasn’t getting another property for a while and wanted to focus first on land lording this one.  So this month I’m turning my attic into a 1 bedroom apt.  (I’m adopting @Ashley Hamilton advice of getting it rented before construction even begins). Making my house technically a triplex.  I’ve only been in this game 7 months I’d say the best learning is through experience...

My advice to you would be: 

1) start now (seller finance, regular finance, private lending, going in with a partner who has capital etc) whatever strategy works for you just start now. 

 2) screen tenants thoroughly. 

3) look for potential value add property with extra space you can convert. 

4) make connections as early as you can with tradesman and other real-estate professionals. 

5) keep educating never stop. 

6) househack/owner occupy if you can! You’re young go for it  

You’ll do well! Good luck! 

I’m adding an attic apartment to my duplex and wanted to know what is the general value add in dollar amount that these type of units add to the overall home value? Will this help force appreciation and by how much?

It will be a 1 bedroom/ 1bath unit. Partially furnished loft space. We got it rented before construction begins with 1 month turnaround. Renting for $750/M.

@Patrick Crehan

I did my first duplex house hack with about 10k in 2018. Went in FHA and between closing cost and 3.5% down payment I was able to afford about 120K+ worth of house.

It’s doable. You just got do it.

@Jennifer T. Yes Jennifer they are on month to month. I decided that if she continues and can not communicate professionally, I will send a notice to vacate.

And thanks everyone. I’ll talk to them about submitting maintenance request online through the payment portal on cozy. Thank you!

Dealing with a tenant who is rude via text correspondence. So I stopped texting her. Can anyone recommend a better way to correspond in order to notify of issues with the apartment? I do not want her texting me any longer with issues.

(Written notice or phone call) I need a better system to alleviate the issues.

@Justin Kane do you know of any companies where I can just do a quick report. preferably over the weekend. have it done by Monday?