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All Forum Posts by: Nat C.

Nat C. has started 160 posts and replied 794 times.

Post: Is Dave Ramsey correct? Anyone still around after 10 years?

Nat C.Posted
  • Investor
  • Miami, FL
  • Posts 807
  • Votes 474

@Wade Kulesa

I have never read or listened to Dave Ramsey but I’d suggest you change your mentor and start reading and listening to Robert Kiyosaki.

The man is all about using debt and he’s wildly successful and I think he’s been around half a century.

Post: Dryer and garbage disposal not working

Nat C.Posted
  • Investor
  • Miami, FL
  • Posts 807
  • Votes 474

I believe it's a legal requirement that if you provide a facility/appliance you have an obligation to maintain it in working order. 

I would suggest that if you are not willing to repair something in a timely manner, then you should avoid providing it. For example, garbage disposals are unnecessary and break down constantly. Unless it's an A grade property, I would recommend not providing it. 

It's standard practice in the US to provide appliances, like washer and refrigerator. I would recommend providing the minimal acceptable; especially because many tenants don't respect and maintain the appliances. 

I choose to only provide inbuilt appliances and then discount the monthly rent and have the tenants provide their own appliances like fridge and washer/dryer. I'm the only person I've ever known who does this. I just don't want to have the hassle of repairing and replacing appliances constantly.  

Post: Tell me about your bad guests!

Nat C.Posted
  • Investor
  • Miami, FL
  • Posts 807
  • Votes 474

Not the worst guests I've had but still memorable. Turned up and checked in, then said they'd prefer to stay at a place closer to the beach. They asked for a full refund and I declined. The following day they contacted Airbnb and said the police turned up and raided the house and said it was a drug house and they should leave for their own safety ASAP. No surprises, Airbnb refunded them in full, including the night they stayed. Their story was 100% fictional. I even called the police to check.  

Post: How bad is my tenant? Should I be doing more for her?

Nat C.Posted
  • Investor
  • Miami, FL
  • Posts 807
  • Votes 474

I'm more intrigued to hear about the dead nurse! It's amazing you are perturbed by Miss Complain-alot, after you had someone die there recently.

Post: How bad is my tenant? Should I be doing more for her?

Nat C.Posted
  • Investor
  • Miami, FL
  • Posts 807
  • Votes 474

Oh boy! I wish I had your kind of 'horror tenant'!!

I currently have a non-paying meth addict living in a property who is selling off everything he can rip out to pay for his addiction.

Someone requesting shelves be put in, calling you unchristianly and bitching online without even revealing your identity, should be water off a ducks back. Wait until you have been landlording for 10+ years and then come back and tell us what a true horror tenant is. 

Post: Renting a house to 3 students.

Nat C.Posted
  • Investor
  • Miami, FL
  • Posts 807
  • Votes 474

@Allen Lopez

Don’t accept anything less than first, last and security. In my experience, students are higher risk tenants, so you definitely don’t want to reduce the amount you have in insurance.

Your lease should have a Severally and Jointly Liable clause. This means two or more persons are fully responsible equally for the liability.

All parties have joint liability, giving responsibility for the full amount of the obligation to each party. In this case, if one of the tenants dies or declares bankruptcy, the full amount of the obligation falls to the other party. As such, one or all of the parties can be sued for the full obligation.

Post: South Carolina squatter eviction

Nat C.Posted
  • Investor
  • Miami, FL
  • Posts 807
  • Votes 474

@John Underwood

For sure, John. I can certainly ask! Being ‘virtually’ present is highly apt in the current times.

Post: South Carolina squatter eviction

Nat C.Posted
  • Investor
  • Miami, FL
  • Posts 807
  • Votes 474
Originally posted by @John Underwood:

 Normally your lease would give a 5 day notice. So I believe you need to do that. See if you can contact a local person to help you. Realtor, PM other investor that you can pay a little to get the ball rolling.

Call the local Magistrate on Monday and tell them your situation they may give you some options.

Call the police or sheriff and see if they can help you. 

I have a friend going there with the police to try to retrieve my tool collection (around $2000 worth). I called the police and they said they would gladly hurl him out if I were present.

Post: South Carolina squatter eviction

Nat C.Posted
  • Investor
  • Miami, FL
  • Posts 807
  • Votes 474
Originally posted by @Corby Goade:

I love that you have already braced yourself for the unsolicited advice!

I've never evicted a squatter in SC, but in your situation I'd reach out to an attorney and get them on it asap. In Idaho, verbal leases are legally enforceable, so in a situation like this, the squatter can literally make up anything they want and a judge has to at least consider that it's possible and binding. 

A good attorney might be able to make your squatter uncomfortable quickly and get them to leave on their own. Especially if you have evidence that there's drug use going on in the house. I doubt the user wants the Sheriff showing up to serve them and get eyes on the place. 

Crappy situation- best of luck!

I have braced myself because I've been on BP for 7 years and I know the good folks here will be keen to tell you if you've made a mistake. It's also a mistake I have regrettably made before. I just can't stand seeing someone who needs housing and doing nothing to help them.

I am half considering leaving the guy in there rather than paying $2500 for an attorney (this is the amount I was quoted). The house will otherwise be vacant until I get back in a couple of months. It's a 50/50 on what is the greater risk; a vacant property or this wildcard guy. 

Post: South Carolina squatter eviction

Nat C.Posted
  • Investor
  • Miami, FL
  • Posts 807
  • Votes 474

Originally posted by @John Underwood:

First try calling the police and let them know someone is tresspassing and doing drugs on your property. Be there when they show up and give them permission to enter property. You might get lucky and they may make him leave.

Tell the guy you are reporting him for tresspassing and drug use and that police are on the way. He may voluntarily vacate the property before police arrive.

Have new locks to change them if you can.

If that doesn't work go to your Magistrate and explain the situation. What you need costs $80 to file. I forget what its called. A normal eviction costs $40 to file.

They will help you get him out in 30 days or less. 

If the police make him leave then they did it not you.

Unfortuanety, I'm not in SC and cannot get there for a couple of months. If I were physically there, I would probably throw this loser out with my own two hands. 

I thought every eviction application first required a notice to be served.