All Forum Posts by: Alexis Scott

Hey BP! I am a current leasing agent located in Durham,NC. I am thinking of starting my own property management company. I would be the only person managing until I build up a great team. My question is: How do property managers deal with managing properties by themselves? For example: when a tenant calls in a maintenance issue, would I be the one to go fix the problem? Or would I have the owner decide? I understand getting a system set up and I would be interested in Buildium software. I understand collecting rental payments and screening tenants. Knowing fair housing laws in my state and advertising. I am just curious since I would be starting out as a portfolio structure company (one woman show) how would I handle maintenance requests? Thank you !

Thank you everyone for the input, I greatly appreciate it!

So here's the thing, I just looked over the lease and no where in it does it specify that all roommates have to agree with who moves in next after one roommate leaves. They are all on separate leases, so none really from the beginning has a " legal" say so. The girls do not want to live with a male however I would be discriminating against the male saying he cannot live in the apartment because of his sex. "Sex" is a protected class with fair housing. If I deny this male based upon his sex the management company could get sued and even myself. So I think legally I would have to give him an application to apply for my room like I did for everyone else, And if he is approved then the other roommates will have to deal with it. He wants "my" room in this particular apartment because of the hardwood floors and he does not want to live with other males for personal reasons. Anyone's input on this would be great!

Steve Potash thank you for that info, very helpful. I'll look at the lease agreement and meanwhile try to stick with finding a 4th female roommate.

Hello BP family, I have a question regarding student housing and fair housing laws in NC. I am in the process of getting a room rented in a 4 bed 4 bath condo near NC State University. There are currently 3 females living in the condo now and I have a male interested in renting the 4th bedroom. Here is where the question begins, the other girls are not comfortable living with a male, however, the male applicant wants the room and does not mind living with all female roommates. Should I turn down his application for this specific condo because the females refuse to live with a male or will they have to get over it if the male is approved? All the roommates are on separate leases FYI. I look forward to your responses. Thank you, Alexis

@Russell Brazil @Dawn Brenengen Thank you both for your input this has been very helpful information :)

Hello BP family, I have a question regarding fair housing laws in Raleigh, NC. If I own a SFH which is financed with a conventional loan, and is a 3 bed 2 bath do I have to rent to anyone that meets standard rental criteria? Which in NC is typically anyone who is 18 and older that can provide 3 times the monthly rent before taxes and passes a criminal/rental background check free and clear of any felonies/convictions and does not owe any other landlord money, and was a clean tenant who paid relatively on time. I agree with all of the standard criteria except I personally do not want to rent to anyone whom is under the age of 25 with children and who has cleanliness issues! Could I just document all of my personal criteria in the lease and rental application or could I get sued for being somewhat discriminating?!?

Me personally I would just keep things simple and not complicated. Charge the buyout fee if the tenant does not find a new qualifying tenant before they vacate. Otherwise if the current tenant finds a new qualifying tenant to take over the remainder of the lease and cleans up for you then no buyout fee necessary. I try to keep it as simple as possible for tenants and myself. Just my opinion.

Welcome to BP! I would highly recommend listening to the podcasts on here. They taught me a lot about wholesaling. 

Hello Everyone, I am a wholesaler, I have a seller but I don't know how to negotiate! Can anyone give me tips on this? Thank you, -Alexis