All Forum Posts by: Chinmay J.
Chinmay J. has started 51 posts and replied 1181 times.
Post: RE wholesaling in Florida is highly illegal?
- Investor
- Northern, VA
- Posts 1,220
- Votes 904
@Kurt Charles - This is insane. So as a private landlord, I can't put my house for rent on Craigslist? Are FSBO (For Sale By Owners) is also illegal? Wonder how many are actually getting prosecuted. A lot of dead letter laws on the books, that no one cares to use against the "perpetrators"
Post: Starting with 12k what direction should i go
- Investor
- Northern, VA
- Posts 1,220
- Votes 904
@Jacobus Grobler - You can certainly get a turn key property around $30K to 40K (In Nebraska that should buy you a mansion) with FHA loan (3.5% down) and practice some house hacking. Make sure its turn key so you are not having to spend too much money on repairs. Gain some experience as a landlord.
Post: Do birds cause damage? Tenant's secret bird
- Investor
- Northern, VA
- Posts 1,220
- Votes 904
@Michael S. - I really don't mind these kind of violations. I love to keep them in my back pockets to potentially use against them if need be. If the birds are harmful to neighbors and or property, enforce the clause RIGHT NOW. If the birds are harmless, you can still hold them in violation of the lease if need be. You have leverage over them now. Don't waste it.
Post: 6 Hours of my time for $30k Profit?? Systems for your next flip
- Investor
- Northern, VA
- Posts 1,220
- Votes 904
@Tarl Yarber - Any hospital bills incurred from infection(s) LOL.. Great job BTW. Nice flip.
Post: 6 Hours of my time for $30k Profit?? Systems for your next flip
- Investor
- Northern, VA
- Posts 1,220
- Votes 904
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Post: Is this the norm now?
- Investor
- Northern, VA
- Posts 1,220
- Votes 904
Originally posted by @Craig Palmateer:
Hi Michelle,
No, the offer has not been submitted yet. I agree, I think that the agent is not moving fast enough. Am I under any legal duty to use this agent? We have not signed anything, just viewed the house and tried to make an offer. I'm thinking of giving a deadline to submit, good idea or bad? I understand it's the holidays and am willing to wait, but I think the interim between Christmas and New Years is doable and not too much to ask.
In Virginia we have something called "Exclusive Right to Represent". Its basically a two page document that establishes our relationship. It can be made out that I am representing you for a specific property or I am representing you for any property I take you for a visit for X number of days. You might want to check local laws of your state, but if you haven't signed anything with the guy I think you are off the hook. I would say get a better and more efficient realtor. Plenty of good ones out there.
Post: Tenant Not vacating in Bayonne, NJ
- Investor
- Northern, VA
- Posts 1,220
- Votes 904
Originally posted by @Raj G.:
I closed because I thought it should not be a big problem, they are on month to month lease, so we will give 1 month notice.
We were renting for the last 13 years, never had any issue with any landlord, never miss or delayed any payment, I still have good relation with all landlords.
There is a signed lease of month to month from previous owner, that I got as part of closing.
I could slap them with 1 month notice without any talk to them on day one only ,I knew that verbal talk is nothing in terms of legality,I just talked to them frequently because I wanted to be nice landlord, but for some people "Nice" mean "weak".
"Nice" means "weak' is 1000% true in this business. I am an a**hole with a rare display of human emotion(s). They just have to make sure if they want this a**hole on their side or on the other side. As a fellow landlord to another rookie landlord. Suck it up for another month or two, and get yourself a termination notice. Maybe pay a lawyer to write it for you or get it from a realtor and make him sign the release date of your house. Be nice. Go with a nice smile on your face. Wish him Merry Christmas and New Year. See if he is amenable.
Post: What to do when your tenant isn't paying the heating bill?
- Investor
- Northern, VA
- Posts 1,220
- Votes 904
Originally posted by @Justin Smith:
Hey Guys,
This is more of a shower thought and thankfully hasn't happened to me yet , but I was wondering what should do as a landlord when your tenant is responsible for the utilities and decides to stop paying the heating bill in the winter (electric, gas etc). In addition are there anyways to be notified of this delinquency when the bills would be in the tenants name?
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Post: Tenant Not vacating in Bayonne, NJ
- Investor
- Northern, VA
- Posts 1,220
- Votes 904
Originally posted by @Raj G.:
First of all, I was in process of buying this home for the last 3-4 months, in the beginning only I have told to previous landlord that we want home empty or rent will be this much,and he had conveyed this message to tenants, we had many times talk on this, so it's not a surprise for them, they knew it and had enough time.
2nd when I talked to tenant he tried to threaten me, he was not nice with me in such scenario I got some fear if he doesn't leave then?
I asked him to send me email on whatever we agreed he said he has no email id, then I said ok send me SMS,he didn't do this, whenever I sent them SMS they didn't reply.
Even though I am giving them more than 2 months notice.
One more thing, next home is his father's home, he has tenant also, it's bigger than my home.
Why did you close on the house if it was not delivered to you empty? No one really cares who said what to whom. I bet your tenant is smarter than you not to get entangled in web of texts and emails. Is there even a signed lease? or was there ever was a signed lease? I bet answer to the question is NEGATIVE.
Post: Tenant Not vacating in Bayonne, NJ
- Investor
- Northern, VA
- Posts 1,220
- Votes 904
Originally posted by @Ray Reed:
so you want them to move out in 30 days because you want fair market rent?? I personally don't agree with that. If they pay on time and are not causing any problems, why kick them out in the middle of the winter. Work with them. For you it is money but for them it is their home. It is not their fault that they are paying $1250 rent. Why didn't you have the prior owner tell them they had to move since the house was being sold? Did he/she tell you how much they were paying in rent?
No he wants to kick them out because he says the tenant agreed orally to leave after 60 days but now our precious little @Raj G. feels threatened that the guy won't leave after 60 days. My biggest question is how the hell he is going to be able to prove in front of the judge that the conversation ever took place? Then comes the morality of kicking someone out who's wife is pregnant in the middle of the dead NJ winter. Looks like he doesn't know what a real threat looks like. Someone has a lot to learn in landlording.