All Forum Posts by: Christian Tallet

Any advice? Thanks.

Hello everyone,

I'm just needing a bit of advice on handling noise complaints. I'm a new landlord. I just bought a fourplex about 3 months ago. I live in one of the units and rent out the other 3. I'm having constant noise complaints from one of the tenants about another tenant. I've talked to both regarding quiet hours and regarding that normal conversation levels aren't too loud and the walls are thin (their bedrooms back up to each other). I'm unable to determine if the noise complaints are valid because the tenant on the other side of the possible offender never has any issues with them and also states the complaining tenant has always been very noise sensitive. 

P.S. I inherited all of these tenants.

I appreciate any advice on how to handle this. Thanks!!!

any thoughts ? Thanks.

Hi, this may be a dumb question but I'm brand new to this. I just closed on a multi family house that I'll be living in. Part of the agreement was that the seller will pay for $4k of electrical work, which they have. They aren't able to come out and do the electric until Monday around 8am and it will take all day. Unfortunately I work all day. is it unwise to let the electrical company in to each unit (they need to do work in all 4) and leave them unsupervised besides the one or two tenants that will be home? Like I said, dumb question but don't know what to do since I can't take an entire day off work. Thanks.

I'm about to close on a 4 unit multifamily property. I'll be owner occupying one of the units. it consists of 2 two bedrooms and 2 one bedrooms and I'll live in one of the one bedroom. currently the rents for the 2 bedrooms are 560 and 580 and the 1 bedroom is 510. Looking at rentometer and HUD fair market rent, one bedrooms in the area average 580 to 600 and the 2 bedrooms are about 700. The property is in a nice neighborhood with mainly single family homes. The square footage is 700 and 950 so they're about average size. The only thing not going for them is it's not a large apartment complex with a pool, etc (which I've seen rents going for way more than 600 and 700). I'm just trying to figure out how much to increase the rents. I could just go up by 30 or 40 and most likely be able to keep the current tenants and make it take longer or I could just say this is the new rent (jump straight up to market rents) but id probably have to find new tenants. Any suggestions? Thanks everyone. -Christian

Hello,

I have an offer accepted on a multi-family property and I'll be moving into is since I am acquiring it through an FHA loan. The lease that the landlord uses for the current tenants appears to be a very good lease. Am I allowed to use this lease once the tenants renew eventually and if a new tenant moves in or do I need to go through other routes to get my own?

Thanks,

Christian

Hello all,

I've been considering getting into real estate for a while and as I'm still very young I don't have the cash I need to jump right in yet. But, I was wondering if anyone in the Dayton / Montgomery County area has any experience with gogetproperties.com or lotlinker.com. 

The basics of how these work from what I can understand is that the government allows tax-deliquent properties to be acquired for very cheap, but there are a few requirements and the process takes a while.

My main question for anyone with familiarity is how to ensure that the property is unoccupied before applying? This is one of the stipulations. Wouldn't the property typically have been taken by the bank at this point or wouldn't the city have forced the homeowners out because they didn't pay their taxes? If this isn't the case, then wouldn't most properties be occupied? Thanks ahead of time for the insight.

- Christian

So I'm looking at a property and it's currently listed for 115,000 and it looks to be a good deal because there are two 2 bedrooms and 2 one bedrooms and it's pretty much rent ready besides one of the units which just needs flooring. the tax assessment the last few years is only showing 20k so I'm a little worried and not sure what this means. any tips?

Hello everyone, I'm a new investors in the dayton area and im looking for a good real state agent that's either an investor themselves or is familiar with what investors are looking for (specifically buy and hold rental properties, preferably multifamily). If anyone has any suggestions it would be greatly appreciated.

I went through and read your initial post. I'm curious what it ends up cash flowing after you've closed and had it going for a bit. Let me know!!!