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: Dale Walker

Dale Walker has started 1 posts and replied 49 times.

Post: tenant trying to delay eviction process?

Dale WalkerPosted
  • Investor
  • Rigby, ID
  • Posts 50
  • Votes 45

I would use caution and not accept it until they move out. If you are starting eviction due to breaches and the non-payment then go through the eviction and sue them for the loss of rent and damages. If you accept the rent, the judge may dismiss your eviction and you will have to start over again. 

@Lindsay Henning  

People rent out rooms all the time. Think of it as if your parents own the place and are renting you a room and you can use the common areas. Your parents are your roommates, they can come and go as they wish and use the home. They should respect the one room you are renting and you should have privacy there. (you should have this in a lease).The rules they have for you should be in the lease. The issues you suggested above are very common and there are always expectations for the renter and lessor.  If you don't like the rules, don't live there. Landlords cannot discriminate against specific groups of people. We cannot say in our leases that no white skinned people or black skinned people etc. We can say no drug use or smoking or drinking on the property. Drug users are not a protected class. We can restrict who enters the property. I have a clause in each of my leases that my tenants are allowed to have guests but they cannot be at the premises for more than a specific amount of time.  A landlord could have the rule of NO guests. They can put cameras on the property. They can have noise rules. They can enter the premises with proper notice and inspect. They can charge fines when a tenant doesn't comply with the rules. They can charge you for the damage which your roommate caused if you chose the roommate.  They can charge you for the full amount of rent if your roommate doesn't come up with their share.  They can say NO Pets! even pets from your guests. 

 I can appreciate parents who want to help their kid and give them an advantage.  It sounds like you need to be independent (financially speaking) from your parents.  If your parents are trying to "help" you by financially giving you a break and have conditions to encourage you to make more responsible choices then that is their choice. 

You are an adult and can make your own choices.  Like these others, I have little compassion as you need to pay your own bills, accept responsibility for your own choices, and not have this victim mentality. A victim mentality often shows that you will blame others for your choices. It sounds as if you want the freedom but not the responsibility. Those two ideals are directly tied together. I have been a landlord for years and get rid of tenants who feel entitled to other peoples charity. 

It would be best for you to find a new place, get your credit repaired, save up and rent with a different landlord. That may mean you move to an area which you may not like and pay more in rent. Greg is right, there are mom and pop landlords which will rent to low credit people but it may not be in a preferred area/home. Once you establish a good renting history and complete a year lease, ask for a reference from the landlord and use it find a better place and area. Parents do not count when I ask prospective tenants about their renting history.   Cut the financial ties to your parents if you want more freedoms. Most of all be GRATEFUL that they are trying to help you and teach you responsibility. 

Post: Text harassing me after 10 day notice was served?

Dale WalkerPosted
  • Investor
  • Rigby, ID
  • Posts 50
  • Votes 45
If he threatens you, I would file for an order of protection and no contact. If he texts you after that is granted, he will be in jail. File for eviction and get rid of him. Don't contact him, save all the texts and have them ready for the judge.

Post: SingleFamuly vs Duplex vs MultiFamily

Dale WalkerPosted
  • Investor
  • Rigby, ID
  • Posts 50
  • Votes 45

I think the type of property depends on your goals you want to meet. Each property type has its advantages and disadvantages. Personally I like the duplex and multi-unit complexes. In my area in Idaho they are cheaper per unit than SFH. That brings my ROI higher. SFH are good for appreciation in many areas. As for the real estate license, unless you are going to be buying alot of properties, why get tied down with their code of ethics, tests, and costs? I don't have a RE license but work with a local realtor who quickly gets me whatever information I may need. Again, it depends on your end goals. If cash flow is your goal with passive income, than do what the market would allow. If you want to buy and hold for a few years then sell and cash out, maybe SFH would be better. Either way if you want rentals, be ready to deal with tenants and maintenance issues or find a good property manager who can do it for you. Just factor in the costs of the PM with your numbers. Cheers!

Post: First Time Landlord, Continued Investment

Dale WalkerPosted
  • Investor
  • Rigby, ID
  • Posts 50
  • Votes 45

@Jonathan Newcomb

It depends on your goal. What do you want to accomplish?Is this long term or short term investment?

If passive income is your goal, use the current tenants rent to pay down the mortgage. Use the RSU money for another property to get more passive income. 

If you goal is to pay off one property at a time and not have a mortgage, save the RSU money and have the tenant pay off the current mortgage.  Once the money is saved up, you can pay off the mortgage. 

Personally, I don't worry so much about if the house loses value. There is a fixed mortgage amount and you know what the tenant is paying you. Even if the value decreases, you still have your rate of return fixed. Over time, property values will increase and it will work itself out. 

Post: Leaky Sink Charge on Statements

Dale WalkerPosted
  • Investor
  • Rigby, ID
  • Posts 50
  • Votes 45

I would be asking for copies receipts from the plumber who did the work. 200$ to fix a leak, 230 for a toilet repair...... you are being taken. Start looking for a new PM if you don't want to pay out the nose. 

Post: An argument with tenant

Dale WalkerPosted
  • Investor
  • Rigby, ID
  • Posts 50
  • Votes 45

Masha,

My lease says I can enter the premises with 24 hours notice. I don't care if it doesn't work with her schedule. I would post notice to enter for maintenance and have my service guy in there on my schedule. I get trying to be nice and accommodating. There are some people and situations which need a different approach.  Next, changing of the locks, a dog, and letter from an attorney.  Personally, if she was on a Month2Month, I would give her notice to vacate and find a new tenant. If she was on a lease, I would give her notice that I was not going to renew.  Just me 2cents. Best of luck!

Post: Tenant Leaves Middle of Night

Dale WalkerPosted
  • Investor
  • Rigby, ID
  • Posts 50
  • Votes 45

Joel B.   Start now by changing the locks and getting the property ready to re-rent...

They moved out. Rent was not paid for January so he won't have any claim against you if he does call.  

Your next steps is to get the apartment re-rented. Video tape the way the apartment was left. Any damages and loss of rent you should send him a final bill and give him credit for his deposit. 

Next, fix your lease to include this situation. 

Next, collect your damages if you can. At the minimum, send the final bill to collections to warn other potential landlords about him. 

Just my 2cents.

Last June, I rented to a lady and her little daughter. They said they had the first months rent and deposit ready. They got though the background check, had sufficient income, references checked out. We scheduled a day to sign the lease and we met. They did have the deposit but were a couple hundred dollars short on the first months rent. I made the mistake of letting them catch up when she got paid in a week. Reluctantly, I rented to them and gave them the keys. Two months later, I filed for their eviction. I agree with others here, If they don't have the minimum to move in DON'T do it! Find another tenant who will be completely honest with you and have the money ready.  I learned my lesson, trying to be nice cost me over a thousand dollars and my time in court.  Save yourself a headache and let tell them no.....      I have found, when you say no, they can come up with the money and they just don't want to. There are too many people who are accustomed to take advantage of nice people just because they can. Everyone has a hard luck story to tell. People to feel they are the victim will not feel bad when you are a victim of your own kindness to them. 

Post: Plumbing Leak in Duplex

Dale WalkerPosted
  • Investor
  • Rigby, ID
  • Posts 50
  • Votes 45

Art,

I think the next best step is to get a handyman to cut a piece of drywall under the toilet. I would then have the handyman look at the toilet pipes when I flush the toilet above. That may give him an idea of where the water is coming from. If that can't be identified, pull the toilet and reseal it. Once the leak has been fixed, have the handyman patch the wall. A reasonable cost should be $200-300 if they pull the toilet, replace/repair the drywall.  I suggest you pay attention to what he does and you will learn alot. 

BTW.....I knew nothing about plumbing before I bought rentals as well. Paying handymen/contractors and watching them has saved me alot of money over the years. I thought it was money well spent. Youtube has a tutorial on just about everything.  My rule has been, if I don't feel comfortable doing it myself, hire it out and watch.