All Forum Posts by: Brian Kraft

Haha...@Jean Bolger, you know my wife, so you'll get a kick out of this... When I first told her about this hiccup, the first word out of her mouth was, "sociopath." :-) I, however, am not jumping to any conclusions. Nor do I care to waste energy trying to figure it out. If it's legit, I'm happy to help her out. If she's lying, I'm happy to see her go.  

Thanks, all! Very helpful discussion. 

She had a 1 month overlap between places, so she didn't actually move anything in--which makes that portion of it a non-issue.

I would also like to hear from @Tyson Luthy on what options you provide.

@Bill S.Thanks for offering to help my turnover process. There were 0 days of vacancy, but the process was a little more arduous than typical for me. I do have a very streamlined process, I believe. It was just little oddities--like an hour before I was going to sign the lease with another person, he backed out because of complications of still co-owning a house with his ex-wife (they just got divorced and it seems they didn't have everything ironed out...despite me probing thoroughly on the subject). Also, I had around 285 different people contact me about the house. I copy and paste pre-written responses (with tons of information to minimize questions) and reply en masse when I can, but with that number of people, it can get a little cumbersome to make sure everyone has their questions answered or personal requests addressed. I also hold open houses. 1-3 open houses is typical for my properties, with most being closer to 1. But, this property is the most rough around the edges of any of mine, so this round was 3... plus being a photographer, it presents better online than in person. In fact, I always have people saying they want to rent site-unseen, but I never agree to it, because I want them to lay their own eyes on the place (mitigating issues down the road, if they end up somehow displeased). In addition, this time around it seemed there was a higher online/email interest, compared to the number of people that actually show up for an open house. "I will definitely be there" was said far many more times than people actually walking through the door.  

With the lease starting today, I have a tenant who contacted me yesterday saying she was just diagnosed with "a virus" and needs to get out of the lease. She says she probably needs to take leave without pay from work, as well as possibly leave Denver and Colorado to head back to her parents in Indiana, so they can help with the situation. What would you do?

I have June's rent and the security deposit, but I feel like I should probably do what I can to get the place re-rented (I do my own leasing). It's not something I look forward to-- with this last turnover being an unusually more challenging/lengthy process, but I certainly don't feeling like holding her "hostage."

My feeling is, I can work to get it re-rented, but until that happens--she's responsible. I don't have any language that covers this situation in the lease--because the agreement is--she's responsible. But would you charge a re-renting fee? Take the full deposit (equal to 1 month)? Or what?

Thanks for any advice.

@Jake SilcottI believe Goldberg is on vacation for another week or so.

Thanks, @Bill S.  I have a few reasons for making these contacts. I have several rentals, so some of them will be nice to have a relationships with--as I've gone through many over the years, for the same reasons you describe. 

I'm also setting out to build my wholesaling business...and probable subsequent rehabbing arm. So, I'm having conversations with folks explaining that I'm looking to make contacts for those reasons and I'm also looking to better understand Denver's rehab costs with their help.    

You want to make sure when someone says, "It's a dump in there," that they're not referring to what they saw in the bathroom.

Hey, thanks @Matt M. 

After I posted this, I did happen to see your earlier recommendation for your carpet folks. Thank you! I noticed they spell it with an "e" in case anyone else is interested. So-- "Sloane's."

And thank you for Arturo's info!

Thanks, @Andrew Johnson  I have been chatting with Bill and he's definitely been a big help. I still have some gaps I'm trying to fill though.

In feng shui, water represents wealth. A toilet symbolizes flushing wealth away. To minimize this-- close that sh#$ up! :-)