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All Forum Posts by: Bienes Raices

Bienes Raices has started 437 posts and replied 2472 times.

Post: Gentle Reminder Letters to Tenants

Bienes RaicesPosted
  • Orlando, FL
  • Posts 2,498
  • Votes 282
Originally posted by Kevin Polite:
I sent text and called, got responses from all within an 1 hour. 2 will be deposited by Noon and the other later today. I'm a pretty judge of character and I do thorough background/credit check and all these have been good tenants, but all are travel extensively. Haven't had to do a late fee, but once and that was for 1 day.

If these people all have good jobs I would assume they have some savings and it would be no big deal for them to mail it earlier, perhaps even much earlier like 10 days before the first of the month. If they are travelling a lot then they should be aware that they need to allow for extra time for the rent to arrive in your hands. It sounds like these people are either extremely disorganized or they know they can get away with this.

Post: Gentle Reminder Letters to Tenants

Bienes RaicesPosted
  • Orlando, FL
  • Posts 2,498
  • Votes 282

I would do what Aaron recommends and just serve the three day notice one time to get their attention.

Does your grace period end at COB on the 5th? If so I don't see how you can demand that they pay earlier. Eliminate the grace period (unless your state/city requires it) from future leases if you need the rent earlier.

Post: Would you be suspicious?

Bienes RaicesPosted
  • Orlando, FL
  • Posts 2,498
  • Votes 282

They never showed up for their appointment, so I guess it's a moot point now...thanks for the replies.

Post: Resubmitting short sale offer under different name

Bienes RaicesPosted
  • Orlando, FL
  • Posts 2,498
  • Votes 282

I made a short sale offer in June, in the name of my LLC. The short sale was recently approved, but at $20000 higher than my offer price. I went up $5000 on my counter offer but the lender refused to budge.

The house has been relisted on the MLS, at the newly approved price. The same agent that put in the offer says we can wait a few weeks and resubmit the offer (this time in my name, instead of the LLC's), and that the bank won't have any idea that I made the other offer because the old paperwork will be purged from the system and the new offer will be assigned to a new negotiator. He says there is a chance they may approve it at my asking price this time if we try this.

My question is: can I get in any kind of trouble if the lender finds out somehow that I am the manager of the LLC that made previous offer? Is there any risk to doing this, other than tying up my EMD for another few months and possibly not getting approved at my asking price again?

Post: Would you be suspicious?

Bienes RaicesPosted
  • Orlando, FL
  • Posts 2,498
  • Votes 282
Originally posted by Bill G.:

I also suggest you not turn anyone down on the phone, especially those with government incomes or where any discrimination issue might exist.

Thanks, I didn't turn them down on the phone--they are coming to see the place today.

Post: Would you be suspicious?

Bienes RaicesPosted
  • Orlando, FL
  • Posts 2,498
  • Votes 282

I had someone come two days ago who was on SSI and child support (did not have enough gross income to qualify). Yesterday, I received another phone call, from a different phone number but same area code as the first call. It's from another area of the state from which I rarely get calls. Same type of person, asking to come see the house. Could it be relatives or friends of the first individual trying to get the place for her under a different name, or am I being paranoid?

Post: Tenant left items of substantial value

Bienes RaicesPosted
  • Orlando, FL
  • Posts 2,498
  • Votes 282

Jon Klaus

For the future, maybe add something to your lease (and ad) prohibiting tenants from storing large items like these in the yard? It might prevent this from happening again.

Post: Tenant left items of substantial value

Bienes RaicesPosted
  • Orlando, FL
  • Posts 2,498
  • Votes 282
Originally posted by Xing Zhu:
I don't think you have responsibilities to these items.

Most (all?) states have a procedure you're supposed to follow in this situation.

Post: Using a credit union for security deposit

Bienes RaicesPosted
  • Orlando, FL
  • Posts 2,498
  • Votes 282

I got the answer--there's no problem with doing it.

Post: Using a credit union for security deposit

Bienes RaicesPosted
  • Orlando, FL
  • Posts 2,498
  • Votes 282

Florida security deposit statute says deposits must be held in a "banking institution". Does this mean I can't use a credit union for these?