All Forum Posts by: Carlton B.
Carlton B. has started 16 posts and replied 275 times.
Post: Should I evict my tenant?
- Rental Property Investor
- Milwaukee, WI
- Posts 281
- Votes 133
Quote from @Konstantin Ginzburg:
I agree with the comments that have been left so far. An eviction is something that any landlord should be ready to pursue but not something we should pull out unless its a last resort. An eviction will cost you both time and money and typically increases the chances of the unit not being left in ideal conditions which will cost additional funds in order to clean and repair. I would likely not renew this tenant if this much effort is required to get rental payments but I would try to get through the remainder of this lease in order to avoid an eviction. Possibly try to see if there are alternate payment schedules that would work for both of you such as splitting the rent payments to 2 dates each month. I know from experience, a large portion of what increases frustration with tenants not paying rent, is that they also tend to avoid communication when asked about it rather than giving direct feedback or answers. It's not ideal that property owners tend to have to resort to tactics such as initiating eviction proceedings to force tenants to honor their leases but this is often the quickest way to get a response.
I totally agree with @Konstantin Ginzburg the only thing I would add is speak with the tenant. Most people/ tenants want to pay there rent. If the person just started renting they must have passed your background inquiries. So something must have changed.
Post: What would you do?
- Rental Property Investor
- Milwaukee, WI
- Posts 281
- Votes 133
I have been on both ends so I have some sympathy for the renter. I also have had to clean up behind smokers. Anyway in your case its to late the damage is done I would go with your 1st option raise there rent and add enough security to cover the damage and have them sign a new lease. Sometimes the rules don't cover all human behavior smoking is a horrible addiction, and shelter is a necessity.
Post: Curb appeal on a tight budget
- Rental Property Investor
- Milwaukee, WI
- Posts 281
- Votes 133
Quote from @Matt Stewart:
Go get some retaining wall stones for $2 ea. Use those to define your landscaping. Add a few bushes and definitely something with a little color. Add black mulch and you're done. If there's any way to relocate that downspout to the side, do it.
Post: Would you flip a house with interior fire damage?
- Rental Property Investor
- Milwaukee, WI
- Posts 281
- Votes 133
I have done a couple fire damaged properties. If there is no structural like roofs and joist. The biggest issues is not the fire damage but its the smoke. You will have e to clean every inch of the house. You will also have to replace all the electrical outlets, fixtures ETC.. Smoke is a conductor. The other tough thing is painting. The only thing that actually worked for us was the old oil based Killz. If the numbers line up i would do it.
Post: Curb appeal on a tight budget
- Rental Property Investor
- Milwaukee, WI
- Posts 281
- Votes 133
We are 75% done with a remodel, and as usual I did not budget enough for curb appeal. My question what gives you the biggest bang for the buck and let's say you have 500 bucks to get your bang. Thanks for any help!
Post: Fresh paint peeling on bedroom doors
- Rental Property Investor
- Milwaukee, WI
- Posts 281
- Votes 133
Scuff with sandpaper to get mechanical bond. Clean with TSP, and use a bonding primer then paint.
Post: New to flip.. need some checkpoint
- Rental Property Investor
- Milwaukee, WI
- Posts 281
- Votes 133
Its hard to follow @Andy Sabisch he gives great advise but to answer your 1st question. Start with the foundation and basic layout. If there's a basement look for shifting or bowing walls and cracking walls. If the layout allows for creating more liveable space that is a big plus. Things like dormers or converting basements and garages. Then move on to the roof, mechanicals, plumbing, electrical. That's the big stuff and I would video the walk thru commenting on each thing as you go for later.
question #2 you can try Facebook groups and Craigslist but thats like a box of chocolates you never know what you will get. Your best option is like Andy said hookup with some local investors maybe even take on a partner so they have a vested interest.
Post: Old victorian house, repaint the whole house or replace the siding completely ?
- Rental Property Investor
- Milwaukee, WI
- Posts 281
- Votes 133
I agree with @Andy Sabisch its almost impossible to get a house in that condition to look the way you want. I have tried and got called out during inspection and basically scraped and painted twice and it still was not right.
Post: Common Mistakes to Avoid in Fix and Flip Investing
- Rental Property Investor
- Milwaukee, WI
- Posts 281
- Votes 133
Very well written and I have made all of these mistakes to some degree. The only thing I would add is expect the unexpected. At some point something will come up that will throw a wrench in your plans be ready to adjust and move forward.
Post: how to evict a horrible tenant
- Rental Property Investor
- Milwaukee, WI
- Posts 281
- Votes 133
First I would ask him to leave letting him know my intent to make his actions public. If he did not leave I would call the police and let him know I'm calling the police even if its not illegal still have it on record. Next i would let everyone he knows understand he is a pervert. Basically try to embarrass him to the point he wants to leave.