Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Shawn M.

Shawn M. has started 36 posts and replied 280 times.

Yes, you can set the maximum # of occupants, generally 2 adults (over 18) per room. Also everyone over 18 has to fill out a complete application and is listed on the lease, since they may be the ones occupying the apartment.

I also believe that you deny them because there are too many people wanting to live in your apartment. You are not violating any protected class by doing that. You just need to be consistent.

Post: Cabinets To Go

Shawn M.Posted
  • Investor
  • New Haven, CT
  • Posts 285
  • Votes 174

www.rtacabinetstore.com
Has great prices and contractors/investors get a 10% discount. You can order online and shipping is reasonable. There are many styles and most have full face frames. These are perfect for flips and much better than the HD/Lowes cabinets.

@Roy N. I like what you are saying, I would rather give the buyer a few months rent than allow him to have keys and access to the building at this point. It just seems cleaner. In reality if I agree with his plan he would be getting 4-6 weeks head start on finding someone. It seems like to avoid all the hassle of working with him to try and find a tenant that we both like it would be easier to give him 2 months rent and wait till closing for him to have access.

Roy, have sellers given you access prior to closing? & how did that work out?

That makes sense but why do I want more work if I am selling the property. Now I will have to review the tenants application, and what do I care what kind of tenant the new owner gets. And if I don't approve it could cause some sticking points before closing I would think.

I am selling a 3 family property and one unit is soon to be vacant. The buyer wrote the following in the sales contract:

Seller to allow buyer to locate new tenants, show the unit and rent the unit as soon after current tenant vacates as is practical, even before closing takes place

Does anyone have any thoughts on whether this is a good idea or not? or have a better solution?

Post: How soon to evict current tenant

Shawn M.Posted
  • Investor
  • New Haven, CT
  • Posts 285
  • Votes 174

I am buying a property to renovate but it is coming with an existing tenant on a month to month lease that I need to get out as soon as possible. Since I do not own it yet I do not think there is much I can do yet and I have to wait until I close.

With that being said, the day close I am going to give them a '30 day to vacate' letter stating that I am not renewing the lease and to please move out.

My question is should I be a pr*ck and back it up with an eviction letter? just in case they do not move out in 30 days i'll have the process started. or should i give them the benefit of the doubt and no piss them off and hope they move out in the 30 days?

Has anyone gone through this before? I could also do a cash for keys to be out in 30 days.

Any good strategies?

Post: LLC. regisitered agent?

Shawn M.Posted
  • Investor
  • New Haven, CT
  • Posts 285
  • Votes 174

In CT the registering agent is who will get served the papers in the event of a lawsuit. However the Member & Manager of the LLC are public information and available on the CT Secretary of State website so you are not gaining any anonymity by doing it this way.

Here is the website:

www.concord-sots.ct.gov/CONCORD

Post: Tenant Screening (ie-Credit Report, Background Check)

Shawn M.Posted
  • Investor
  • New Haven, CT
  • Posts 285
  • Votes 174

ScreeningWorks.com gives you a good report for $30.

Also a lot of the info is public record which you can get from your states judicial website.

Here in CT we go to http://www.jud.ct.gov/ and do a cade look up. There is info on evictions, civil, criminal, motor vehicle and small claims cases.

Usually I go here first before paying any money.

Post: Insurance on a home I am rehabbing?

Shawn M.Posted
  • Investor
  • New Haven, CT
  • Posts 285
  • Votes 174

As far as i know there are two ways you can go.
1) If you have lots of rehabbing to do a Builders Risk policy & a separate liability policy is best.

2) If you have light rehab you can get away with a Dwelling Fire – Form 1 (DP-1) policy for a vacant property.

Post: How do you "harden" your rentals?

Shawn M.Posted
  • Investor
  • New Haven, CT
  • Posts 285
  • Votes 174

#1) For the bathroom I always install a fixed shower rod, the friction fit ones always fall down and ruin the walls. The ones I get from HD cost about $12 and screw in on both sides.

#2) For unit entry doors, install a keyed deadbolt and a passage knob below it (without a key). this eliminates the tenant from locking themselves out since they always need a key to lock the door.

#3) I like to inventory just about anything that can break in my units by taking pictures of them & zoom in on model #'s/finish if possible. I then file them in a folder for that unit on my computer. This way when there is an issue you can get a jump start on troubleshooting or ordering parts without having to go to the unit. It also allows you to talk the tenant through the issue easier if you know what is there.

#4) I like to install cheep subway tile on the wall that the toilet is on. The area behind the toilet always gets nasty and needs to be repainted @ every turnover, this way you just mop it. plus it looks a lot nicer.