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

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
Followed Discussions Followed Categories Followed People Followed Locations
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: Deisy P.

Deisy P. has started 10 posts and replied 160 times.

Post: First Eviction - Advice?

Deisy P.Posted
  • Rental Property Investor
  • South Padre Island, TX
  • Posts 160
  • Votes 157
Originally posted by @Brad Gibson:

Well y'all.  That sucked, but it is done.

Met the sheriff's deputy at quarter to nine.  Only a pair of the crew of five I had lined up showed up, so my son and I had put in some serious labor this morning.

I had installed a keypad deadbolt the last time this unit turned over with a lock with a physical key mounted on the porch.  Only I have the code to the lockbox and the tenant can change the deadbolt to whatever they like.  Used the key to unlock the premises.  Asked the sheriff's deputy if he should go first, but he indicated I should go ahead.  He's the one with the bulletproof vest, but whatever.  He swept through each room of the home and then told me we had two hours to move all possessions onto the front lawn.  I change the deadbolt code & the locks are now effectively changed.

The tenant had packed and moved NOTHING.  He and his girlfriend simply locked ups and went to work this morning. It was as if they had zero understanding that they wouldn't return back to their home in spite of being served with the paperwork by the court and then the sheriff's deputy.

We worked our tails off to get a full house out onto the lawn.  The laborers as well as my son and I were super careful with all of their things.  This is someone's life after all.  Christmas tree.  Holiday decorations.  Dishes in the sink.  Food in the fridge. Makeup on the vanity.  Bedding on the beds.  Clothes in the closets.  All of the souvenir's from trips (including photos and swag from a Vegas trip in October.  Unmounted a 60' big screen TV, mounted shelves, workout equipment, desks.  Beautifully decorated and the home was in great shape.

Seriff's Deputy asked how long I wanted to give him to remove his stuff.  Hell, I don't know?  I ask what's standard.  He says he legally cannot give any guidance.  I said 24 hours.  So he wrote it up and said if tenants are on premises after 9:00 am tomorrow, then call the cops for criminal trespass.

I notify the tenant to please remove his things, pick up their dog in the back yard and get the gear from the back yard since I didn't want to mess with what looked like a friendly St. Bernard, but taking no chances.  

Tenant pleads with me to take $2,000 toward getting caught up and let him move his stuff back in.  I listen.  I'm polite and professional, but tell him that he had cut off all communication for three months when I offered to work out payment plans or amicably allowing him to leave without an eviction.  He must come get his belongings & that I cannot help him.

He calls my maintenance person to ask them to lobby on his behalf to let him back into the home and not evict.  Says he has nowhere else to go.  I ask them to respond that he needs to remove his stuff from the lawn.

He asks for more time to remove his stuff & I give him an additional 24 hours.  Sheriff says that I'm responsible for his possessions until they're removed.  That doesn't bring me comfort.

I will head back over there tomorrow afternoon to ensure everything is gone and get to work on replacing some blinds and doing some light touch up to the house and then decide whether to put the home up for sale or list it for rent again.

I've asked two or three tenants to move out when they got behind.  All complied.  I've even done a cash for keys with one tenant that looked like they wanted to go the court process.  This is the first one where we put stuff on the lawn.  I guess this is part of being a mom & pop landlord during tough times. 

Thanks for the advice and the support. Better days ahead for all of us I hope.
____________________________________________________________________
Wow, Brad. I can't imagine this being me in a couple of weeks! I hope they get all their stuff packed up before this happens. You laid out everything I was fearing. I have decided to sell. I can't do this anymore. First and only time and it has been enough for me to realize that this isn't for me. I'm going to pivot to short term rentals but honestly I'm going to take myself and go isolate in Mexico somewhere warm (this does not mean a beach. *i'm in chicago) away from all this for a while before I get going again. It has been so exhausting.  

Post: First Eviction - Advice?

Deisy P.Posted
  • Rental Property Investor
  • South Padre Island, TX
  • Posts 160
  • Votes 157

I agree w/ you, Brad. same situation w/ me. they stopped communicating with me. they have stopped throwing out the trash even and are keeping it in the back "porch" area above me. I can't take it anymore and my hands are tied. I have an attorney now so just waiting for their timeline.

Post: AIRBNB CHICAGO profitable or not

Deisy P.Posted
  • Rental Property Investor
  • South Padre Island, TX
  • Posts 160
  • Votes 157

@Brian Hatcher Can you please DM me that list, Brian. I would greatly appreciate it.

Post: Chicago Eviction moratorium

Deisy P.Posted
  • Rental Property Investor
  • South Padre Island, TX
  • Posts 160
  • Votes 157

@Bill Lake The moratorium in chicago ends january 12. cdc january 31st. i don't have the answer for the timeline. no cash for keys. i tried doing that in November and they accepted and then at the end of the month said, "nope. not leaving. still looking for places though." (i didn't give them any cash) i think they thought they would not need to pay me that month but my lawyer said because they didn't move out after all, my offer gets revoked and so they still end up owing me but at this time, i really just want my property back. 

Post: Chicago Eviction moratorium

Deisy P.Posted
  • Rental Property Investor
  • South Padre Island, TX
  • Posts 160
  • Votes 157

@Bill Lake I hired a lawyer. Did all the necessary proceedings to start the eviction process. Served declaration form. waited 5 days...served the 5 day notice... no progress w/ the tenant. submitted the attachments the attorney asked for just a day ago. Now just waiting.

Post: Investing in Tulum, Mexico

Deisy P.Posted
  • Rental Property Investor
  • South Padre Island, TX
  • Posts 160
  • Votes 157
Originally posted by @Mike Lambert:

@Deisy P.

You're very welcome. Of course, it's easier for you as a Mexican citizen but kudos to you to take advantage of the investment opportunities offered by your beautiful country of origin. Not everybody does.

Foreigners aren't allowed to own property in their own name in the Forbidden Zone, meaning within 62 miles of the international borders and 31 miles from the coasts. Yet, they can enjoy all the rights and responsibilities of a property owners by setting up a bank trust (fideicomiso) or through a Mexican corporation. Because of the administration involved, the corporation is only worth it if you at least own two properties.

The cost of setting up a fideicomiso is included in the closing costs, which represent around 5% of the price of the property. The annual maintenance fee is between $500 and $600. The fideicomiso is valid for 50 years and renewable.

Why many people misunderstand and therefore have issues with the fideicomiso, it's actually a plus, as it provides "free" asset protection because it's the name of the bank that's on the title.

It's noteworthy that, if ever the bank you chose to do the fideicomiso was was filing for bankruptcy, your property will fall out of the bankruptcy and you're therefore protected against that risk.

I will let my friend (who purchased as a US citizen) know about this. 

Post: loopholes to add to lease to bypass eviction moratoriums

Deisy P.Posted
  • Rental Property Investor
  • South Padre Island, TX
  • Posts 160
  • Votes 157
Originally posted by @Dena Puliatti:


In order to not be a evicted, a tenant must sign a sworn affidavit stating that they have been paying a little all along and making their best effort.  You can learn more about it at cdc.gov

My tenant seems to think they are exempt from paying me even $1. Aside from breaking other lease violations. I already hired a lawyer to start the eviction process.

Post: Investing in Tulum, Mexico

Deisy P.Posted
  • Rental Property Investor
  • South Padre Island, TX
  • Posts 160
  • Votes 157

My two cents on this thread. I purchased a presale as a Mexican citizen this past summer. 25% down and the last part at the time of delivery. I hired a lawyer and specified exactly what I wanted. I let my agent know I only wanted to put down 20% and presale. I was very specific about that. The developer worked w/ me and I got 25%. I researched them too. I wanted to have control of my rates and have my own PM. I wanted to make adjustments on what is included in the apartment since it's completely furnished. I got what I wanted. Of course, there are other details but as a Mexican citizen, it's going to be a different process than foreigners but there are incredible opportunities. One requirement for a foreigner is that there is an annual trust that needs to be paid. I think it's about $1k. I just recently started reading about Tulum topics on here and @Mike Lambert your info has been exceptionally helpful. I follow you now.

Post: Collecting Rent During A Pandemic

Deisy P.Posted
  • Rental Property Investor
  • South Padre Island, TX
  • Posts 160
  • Votes 157

@Todd Baldwin Great info, Todd. Thanks. 

Post: Investing in Tulum?

Deisy P.Posted
  • Rental Property Investor
  • South Padre Island, TX
  • Posts 160
  • Votes 157

@Arwin Nassiri Something to consider is that tourists from the US are completely different than those tourists from the rest of the world. Tourists from Europe for example hear about Mexico and want to see locals and experience the local life. The main street in Tulum is still VERY local and this attracts those tourists so properties around there are worth to have a look. The deeper and closer to the beach you go it's catered more to those that don't mind paying $300+ a night just because the vibe is more USA. I go there plenty of times through out the year, before I invested. Of course location is precedence but you have to figure out a way to differentiate yourself from all the other places near you. Luckily I invested in a place that will let me hire out my own PM so I get to dictate the rates but I'll make sure to offer something my competitors won't. You have to look at that also. A lot of developers will have their own PM and that'll eat up your profits. 

1 2 3 4 5 6 7 8