All Forum Posts by: Daniel F. Harb

Well done, Mindy. 

The good news, @Brenda Budzinski, is you have this information before you make a tenancy decision.

That sounds like some pretty heavy liability to me.

Best! $$$

Very well said, @Stephen E. @Tim Porsche, the information Stephan is sharing is to save you money, heartache, and time. My tenant eviction cost me many months, many thousands of dollars, and way too much heartache.

I got two judgements against her totaling $9,000.00, and NEVER saw that money again. Unfortunately, she is a professional deadbeat. I vowed never, ever again. I would rather be patient for the RIGHT tenant.

It is not worth it, my friend.

In my humble opinion. :)

@Tim Porsche...

In answer to your question "Yay or Nay?"  Nay. You will be glad you said "Nay".

Cheers!

Well said, @Stephen E.  When I had that "Nightmare" tenant in my property in Rancho Santa Margarita, California, and she would not pay rent, the eviction process in California was excruciating. All the while, I was waiting for the eviction, I see her and multiple people traipsing in and out of MY HOUSE, rent free! I told my attorney that I wanted to go over there and throw her and her cat out! 

My lawyer said "calm down, and have a beer"... I told him "I don't drink"!!!  Ha! Finally, the sheriff got her out. I would never rent to someone that was not super~clean with every single thing. But, that's just me. No time at all for that. :)

Anyway, suffice to say, "Nip it in the bud", it is most definitely not even worth considering.  :)

Good luck to you!  $$$

.  

@Tim Porsche, you should have enough applicants to not have to consider this applicant, no? This applicant sounds like a Train~Wreck to me. A long time ago, I was in small claims court to sue an ex tenant, twice, and it is not fun.

If it were me, I would "Forward~Think" long and hard. And say forget it. But that's just me. My 2 cents.

Best to you.

Daniel F. Harb

Great thread, @Paul Comer, thank you. Hello, @Kyle McCorkel Could you recommend an excellent property management company that runs a tight ship in Indianapolis?

Thanks very much!

No worries, @Vika Bha. :)

Honestly , no matter what I am buying, I always negotiate . Some people say "You can't do that"...  Uh~Huh..

EVERYTHING in life is negotiable. Whether I am buying a cell phone, or a car, I negotiate. In fact, I just bought a car cover yesterday and I respectfully asked the store manager for a discount because I was a good customer. He said, "We appreciate your business, so I'll give you 10% off". Boom! $15.00 dollars saved. (I love saving money!!!)

My point is real estate is ALWAYS negotiable. If they won't budge on the price, get other concessions. Negotiate on every single thing in life. :)

Best of profit to you!  $$$

~Daniel F. Harb

@Cody Evans, excellent choice on Frank Gallinellis text. I bought his "What every investor should know about cash flow"...  last week, and love it. Super~dense with analysis and numbers, but it is imperative to know and understand.

Cheers!  $$$

Ugh...

(Posted before I finished.)

Anyway, @Vika Bha, the agent submitted the offer, and then the negotiations started. They finally sold it to me for $77,000.00. The goal is to START the negotiations. By the way, I let go of the agent. She lost. I saved $12,000.00.

Never be afraid to offend someone with an offer.  :)