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All Forum Posts by: Andrea M.

Andrea M. has started 24 posts and replied 553 times.

Post: TENANT ISSUES/HEADACHES

Andrea M.Posted
  • Real Estate Investor
  • Hampton, VA
  • Posts 562
  • Votes 109

One mistake I have made in the past was not staying on top of my paperwork. Tenant was with me for over 2 years, asked if she can pay the rent a little late which I agreed to and felt comfortable that she was going to pay, since she was with me for such a long time. Well low and behold, she didn't pay and I was late on my paperwork, which extended the eviction of the process and paperwork.

Post: Splitting a room into two

Andrea M.Posted
  • Real Estate Investor
  • Hampton, VA
  • Posts 562
  • Votes 109

In my area, my understanding is that the new room has to have a closet, window and a door . I would also check into the local code requirements since they may have a minimum size requirement.

Post: Issue with Neighbor over Fence

Andrea M.Posted
  • Real Estate Investor
  • Hampton, VA
  • Posts 562
  • Votes 109

To put a final end to this situation, I would get a survey done on my property which would clearly outline the boundaries and get quotes on repairing that part of the fence. Once the survey is completed, I would move forward accordingly. Or if you don't want to absorb the cost of the survey, I would just repair the fence, since your tenants safety is what is important to you.

If this Rotweiler is a nuisance, I would advise my tenant to contact animal control and file a complaint.

Post: Charging for shared utilities.

Andrea M.Posted
  • Real Estate Investor
  • Hampton, VA
  • Posts 562
  • Votes 109

Since heat rises I would assume that downstairs would use a little more heat that upstairs. Personally, I would look into possibly adding another thermostat for the downstairs tenant then split the bill 50/50 with both tenants.

Post: Charging for shared utilities.

Andrea M.Posted
  • Real Estate Investor
  • Hampton, VA
  • Posts 562
  • Votes 109

I am curious as to why you would split it 60/40 between the tenants? Is it because one unit it larger than the other?

Post: What first paint or redo hardwood floors?

Andrea M.Posted
  • Real Estate Investor
  • Hampton, VA
  • Posts 562
  • Votes 109

Typically I would paint first then do the floors, you can always sweep and dust off dry paint.

Post: Short sale pocket listing. Fraud?

Andrea M.Posted
  • Real Estate Investor
  • Hampton, VA
  • Posts 562
  • Votes 109

The Realtor is allowing another agent to write the offer and represent you not because it's a conflict of interest as she is representing the seller but because she doesn't want the bank to reduce her commission?

By you paying anything outside of what is documented on the HUD Statement, I believe would be considered illegal , not sure if it's labeled as "Fraud" .

In some short sales, the Bank pays the seller a "Relocation Fee" to the seller to cooperate with the selling process and to vacate the property, turn over keys and sign documents stating such. Her commission/finders fee should come from the sale of the property.

Sound extremely shaky to me even though it may be a good deal, I wouldn't want to risk doing anything illegal for a good deal.

Post: Death Clause in Rental/Lease agreement?

Andrea M.Posted
  • Real Estate Investor
  • Hampton, VA
  • Posts 562
  • Votes 109

I have recently rented a property to nice older woman who is retired. She will be occupying the property with her son and grandson who is disabled.

For the first time it hit me that if something was to happen to the older woman, how would should I handle it with her son & disabled grandson living at the property. Also in this crazy world of sudden/ tragic deaths is this something landlords should start to include a "death clause" in the rental agreement?

.

Post: Offer on SFR with unauthorized occupant

Andrea M.Posted
  • Real Estate Investor
  • Hampton, VA
  • Posts 562
  • Votes 109

Personally, I would not want to incur any additional cost of eviction to have the unauthorized person legally removed from the property. I would include that as a contingency in the contract as well as having the inspections done after the unauthorized tenant is out of the property. This contingency can be motivating to the seller, although it may take some time and may be expensive to actually get that person out. Speak with your agent about the proper wording to include in the contract . My thinking is that if you schedule the inspection while the it is occupied, they can 1- refuse to let inspector in the property (waste of money and time, may have to absorb a reschedule fee) 2- do some damages to the property which you will have to absorb that cost as well.

Don't think you need a payoff to make an offer, you can make an offer based on the actual price or what you may feel is a fair offer. I would also consult with an real estate attorney regarding the pre foreclosure status in order to safely make my offer.

Post: Between tenants "best practice" ideas?

Andrea M.Posted
  • Real Estate Investor
  • Hampton, VA
  • Posts 562
  • Votes 109

Upon move in I explain all paperwork included in my rental packet with the current tenant which includes a move out check list and have the tenant sign. Which most tenants comply with unless it's an eviction. Anything is not done, I deduct from the security deposit. Tenants can disconnect the utilities after the move out inspection, most tenants won't pay for utilities for an extended period as the landlord secures another tenant. That's why it's important for the landlord to be able to show the property with proper notice (24 hours) during the 30-60 day notice that was given by the tenant which can lessen the time period in which the property is vacant.