All Forum Posts by: Carlos Enriquez

When I rented, the agency gave me a one time code for the house to check it out myself.

Then, if I liked it, I filled out the app and went from there, which is exactly what I did.

Saves time.  Of course, they did a quick screen before they trusted me with the code.  I could have trashed or stolen things from the rental, so checking first is smart.

Yeah, don't get bummed.  I just ended my first eviction.  They paid just before the deadline to answer the notice before going to court.  I won't be surprised if they do it again for next month.  They are considered "professional" tenants, but we need to act like professional landlords and just get things in motion and follow @Steve Rozenberg's advice:

Just have policies and procedures and follow them to the letter of the law and never deviate.

It's a job.

I had the same issue in my SFR and was advised to grade the space so that the water would drain out along the foundation to the exterior. We also had a crawlspace company place the thick mil vapor barrier down there but it still always smelled musty when opening the access door. You need to have good ventilation as well.

I hope that this late notification to you doesn't mean that the tenant wasn't found until recently, as that would cause a difficult cleanup of the interior.  This occurred with my best friend, so I know.

Now if they knew all this time, 11 days, they probably have already done what they will.  From what I read here, your PM should secure the tenant's personal property to be disposed of legally.

Good luck, that is truly unfortunate to have to deal with, but it happens.  We should all have a contingency plan for this type of situation. 

My former mother in law just sold her property there and she told me that due to the seasonal environment in population, she didn't have the best quality tenants.  She was glad to get out.

I have a similar tenant that I inherited and I will not be renewing his lease when it expires for similar reasons as well.

It sounds like you have a cool head on your shoulders, so don't panic and try to use outside resources that can help.  I would call several rental agencies but not sure if you can hire more than one at a time for finding tenants.

I've had good luck in craigslist too, believe it or not!

My buddy does all his own repairs and "managing" of his rentals, but he pays a rental agency to find and screen tenants for him.  You might try this, as they will have a good list of prospective tenants to pull from.

Simply put, just don't lie on your loan application. Tell it like it is. So the only option that can be done here is to tell a relative your predicament. My friend told his story to his brother, and out of the blue, his brother gave him access to his HELOC that no one knew he had just sitting there un-used! It was a gift to his bro. It was like giving him a kidney. Some families are like this, some aren't.

Sounds like a good RE deal, but if it's not possible, just let it go and don't stress.  More deals will come.  But have faith.

I'd like to find out as well.  When I bought my duplex, my realtor told me I was inheriting the lease clauses including the fact that the seller never charged a security deposit or last month rent.  When I asked my PM, he said we couldn't establish a deposit until the lease expired.

Although my property appraised at a certain amount, my assessed value changed every year when I still owned a SFR. It's worth it to attempt to lower your assessed value. You'd hopefully still retain your appraised value if you chose to sell it.