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All Forum Posts by: Dean Klein

Dean Klein has started 12 posts and replied 35 times.

@Bob B. Nothing wrong with his age, just with me being in my mid 20s, he thinks he can tell me what I can or can't do type of thing. 

I have some thinking to do on this one, all good points. He's the only tenant I have left that I inherited and the only one I have any real complaints about. He told my handyman a few weeks ago that he was looking around at other places so I think he has a foot out the door anyway. I have over 1000 sq ft of vinyl plank flooring I got a few years ago sitting in my garage taking up a good amount of space, and was intended for this apartment on a turnover. The apartment doesn't really need much, they have a rottweiler also, dog hasn't done any damage but it barks like crazy all the time when it sees someone outside. 

I purchased an upper lower duplex Nov of 17 and inherited both tenants, recently the upstairs guy left and I rented the apartment for over $100 more than he was paying. The downstairs has a tenant who has been there since 2013, it's a married couple with no kids, they take care of the place but the guy is a pain, he is in his 50s and constantly complains about stuff and thinks he owns the place basically. My new upstairs tenant moved in yesterday and he is already complaining about my new tenants stuff sitting next to the garage (stuff going to the dump) because he then "can't mow there". He's got a problem keeping out of other people's business. This guy is paying $625, and market rent for his unit is around $750-800, my first thought was to just raise rent but I know that will likely cause an issue, he already complains and I don't want to deal with that. Should I just give him notice and turn the unit? He works for the city that the property is located in and constantly keeps watch on the place throughout the day which is definitely annoying considering if I'm there doing something outside, he has to stop and ask what I'm doing...

Post: Buying an owner-occupied duplex

Dean KleinPosted
  • Posts 35
  • Votes 21

@Melvin List

I read somewhere that for that program, I couldn't own any other property. I currently own 4 total properties.

Post: Buying an owner-occupied duplex

Dean KleinPosted
  • Posts 35
  • Votes 21

Hi everyone. I own 4 rental properties including my primary residence that I house hack. I am getting interested in moving again and purchasing another duplex to live in so that I can put a smaller amount than 25% down. As far as I can tell, the lowest I can put down is 15% without going FHA which I don't want to do because of the PMI. Is this the standard going owner occupied?

I own several properties in southern WI and in this case, knowing that they are already not following the lease, I would have issued a 5 day pay or quit notice on the 2nd of the month when rent was not received on the 1st. I have had to issue several in the past year, I give the notice in person, or attach to the unit door, then mail it certified the same day. 

I would be acting quickly in your case since it's already almost half way thru February and you have not been paid. Take photographic evidence as much as you can regarding the lease violations, pets, smoking, ect but it sounds like you will have an eviction on your hands for non payment of rent.

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