All Forum Posts by: Brian Karlow

Great words of wisdom!!

What's the rear of the property offer? 

Don't be afraid to roll out that tantum parking idea...I've gone with this at 2 of my four unit properties and it has been successful.

Thanks for the feed back guys! 

Quick update....the police contacted us as a follow up to the tenants attempt to file a report.  The officer informed us that the tenants were told they had no basis for their claim and the items would be considered abandoned in the police departments opinion. We did advice the police of the illegal entry so it's documented should this issue surface again at a future date.

Thank you again for sharing...I'm really looking forward to adding value to this project and continuing to make improvements!

Brian

In August we closed on an 8 unit property and inherited the tenant base. Most of these tenants would have never passed our screening process and we intended to proceed with non-renewals as leases expired. C property in a B area that we purchased as a value add asset.

Prior to closing, we asked for the current Owner to notify the tenants to remove from the premises any items not stored within their assigned storage locker or apartment. The Owner even scheduled a 40 yard dumpster 1 week prior to closing to allow the residences an opportunity to discard any items that they no longer wanted.  As soon as we closed on the property, we sent introduction letters and posted notices regarding storage rules, which again were that all items needed to be stored within their assigned storage locker or apartment otherwise items would be considered abandoned and removed from property.

All residences complied but one who's lease was set to expire Oct 31. Upon vacating, it was discovered that a bicycle and a kids toy jeep had been left on the boiler room. They had preyed the door jam to gain entry to the locked room. This room was not inspected during the move out walk through by my property manager so these items were not discovered until last week. When they were discovered they were donated.

Today, the old tenant left a voice message demanding these items and then preceded to file a police report. 

How would you guys respond to this situation? Thanks in advance for your input!!

Cozy has been amazingly solid for me!! Worth a look IMO.

Those numbers look amazing and would certainly meet my criteria on paper.  I would still need to know the rental area grade and also what the area inventory offers.

Does LandlordMax offer a version that is cloud based on their servers?  I am not interested in a desktop version or creating my own cloud server via Amazon.  The tutorial I viewed was awesome and displayed the robust features this software has.

Thanks for your feedback!

@Neil Goradia 

Did you ever experience any issues with this approach delaying or obstructing the eviction process if a tenant only deposits a partial payment?

Thanks

Caleb

Section 8 is managed and administered at the county level.  Our county is on the smaller size compared to larger Metros, such as Cook County/Chicago, and is a rather straight forward process when you purchase a building with a Section 8 tenants in place.  I have had positive experiences with the program but feel it may strongly depend on your area.

Good luck!

Filipe

Wow....now this is truly awesome!! The follow up calls to"interested" tenants is by far one of my very least favorites parts about managing my own portfolio.

How complex are the set up steps? Does Google offer help with Forms?