All Forum Posts by: Bin Liu

Hello All,

Need some advice on my particular renter situation. Currently renting my basement out to a single mother and her child since last March, original rent was $1575 (all utilities) and I saw her situation at the time and dropped it to $1500 for a 12 month lease with all utilities included, she purchased a electric charging vehicle less than two months after moving in so obviously taking full advantage of all utilities included.

Two months ago, she had a boyfriend stay with her and told me that it was temporary while he is looking for a new place. Then yesterday the bomb dropped that they are thinking about living together and wish to discuss the lease, during a short conversation with the boyfriend he said they were thinking about just reverting to my original asking price for rent at $1575 but obviously that’s not happening.

Just want to get some insight from fellow landlords in the forum on how to move forward with a situation like this. The original renters are great, no complaints on my end from them but this new boyfriend of 3-4 months does not reflect on me that greatly even though he works for a great university in the USA. Please any advice would help!

Hello All, Need some advice on my particular renter situation. Currently renting my basement out to a single mother and her child since last March, original rent was $1575 (all utilities) and I saw her situation at the time and dropped it to $1500 for a 12 month lease with all utilities included, she purchased a electric charging vehicle less than two months after moving in so obviously taking full advantage of all utilities included. Two months ago, she had a boyfriend stay with her and told me that it was temporary while he is looking for a new place. Then yesterday the bomb dropped that they are thinking about living together and wish to discuss the lease, during a short conversation with the boyfriend he said they were thinking about just reverting to my original asking price for rent at $1575 but obviously that’s not happening. Just want to get some insight from fellow landlords in the forum on how to move forward with a situation like this. The original renters are great, no complaints on my end from them but this new boyfriend of 3-4 months does not reflect on me that greatly even though he works for a great university in the USA. Please any advice would help!

Hello All, Need some advice on my particular renter situation. Currently renting my basement out to a single mother and her child since last March, original rent was $1575 (all utilities) and I saw her situation at the time and dropped it to $1500 for a 12 month lease with all utilities included, she purchased a electric charging vehicle less than two months after moving in so obviously taking full advantage of all utilities included. Two months ago, she had a boyfriend stay with her and told me that it was temporary while he is looking for a new place. Then yesterday the bomb dropped that they are thinking about living together and wish to discuss the lease, during a short conversation with the boyfriend he said they were thinking about just reverting to my original asking price for rent at $1575 but obviously that’s not happening. Just want to get some insight from fellow landlords in the forum on how to move forward with a situation like this. The original renters are great, no complaints on my end from them but this new boyfriend of 3-4 months does not reflect on me that greatly even though he works for a great university in the USA. Please any advice would help!

Hello All, Need some advice on my particular renter situation. Currently renting my basement out to a single mother and her child since last March, original rent was $1575 (all utilities) and I saw her situation at the time and dropped it to $1500 for a 12 month lease with all utilities included, she purchased a electric charging vehicle less than two months after moving in so obviously taking full advantage of all utilities included. Two months ago, she had a boyfriend stay with her and told me that it was temporary while he is looking for a new place. Then yesterday the bomb dropped that they are thinking about living together and wish to discuss the lease, during a short conversation with the boyfriend he said they were thinking about just reverting to my original asking price for rent at $1575 but obviously that’s not happening. Just want to get some insight from fellow landlords in the forum on how to move forward with a situation like this. The original renters are great, no complaints on my end from them but this new boyfriend of 3-4 months does not reflect on me that greatly even though he works for a great university in the USA. Please any advice would help!

Hello BP family, 

Any one willing to share some insight on fire damaged properties? What are some additional hurdles that would need to be cleared prior to renting or reselling (is there a need to disclose to potential buyers that this property was damaged in a fire). The house I am inquiring about looks good structurally from my pov but currently in the negotiation phase with the bank on price. 

Hello BP, 

Any suggestions on local banks in the DC, MD, VA area that are investor friendly and willing to lend on rental properties (currently rented and stabilized) at reasonable rates? Due to high property prices in the area, most quotes that I have received in the past few weeks just does not make any sense to refi out. Thanks.