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All Forum Posts by: Eddie T.

Eddie T. has started 11 posts and replied 802 times.

Post: Gave move out noticed

Eddie T.Posted
  • Rental Property Investor
  • New York
  • Posts 844
  • Votes 350

Normally section 8 will not let you terminate mid month. You should call your caseworker to confirm. Normal practice is until the last day of the following month.

Post: Gave move out noticed

Eddie T.Posted
  • Rental Property Investor
  • New York
  • Posts 844
  • Votes 350

@Alicia Ramirez When you say housing do you mean sec 8? Or another agency 

Post: Preventing cat urine damage

Eddie T.Posted
  • Rental Property Investor
  • New York
  • Posts 844
  • Votes 350

@Alison Cummins I bought a foreclosure, last owner let the cats run the place we demo everything and have been cleaning with bleach and painting with Shellac. 5 weeks later still cannot get rid of smell. It's better off not to allow animals not worth the hassle for the tiny pet deposit or pet rent it wont cover the damage or cleaning. To get the air vents cleaned alone was $540

Post: Closet doors!!! How do you tenant-proof them?

Eddie T.Posted
  • Rental Property Investor
  • New York
  • Posts 844
  • Votes 350

I just remove them and never get a maintenance call amazing how that works.

Post: Gave move out noticed

Eddie T.Posted
  • Rental Property Investor
  • New York
  • Posts 844
  • Votes 350

@Alicia Ramirez 30 day notices always go to the end of the following month. So if you are giving a 30 notice now what that means is you are leaving by Feb 29, 2020. Now you can leave earlier but you are responsible for the rent for the entire month. This is common practice. Just like your landlord cant give you a notice to leave on Feb 10th. He has to give you until last day of the month.

Post: 30 days notice and then leave earlier and want rent prorate back

Eddie T.Posted
  • Rental Property Investor
  • New York
  • Posts 844
  • Votes 350

The 30 day notcie is a notification that they will vacate by the last day of the next month. Jan 31, 2020. And rent must be paid up until that date. Now if they choose to leave early fine that is their choice but rent is still owed. Now you re rented the place for Jan 15 so I would deduct 14 days of rent plus cleaning from their security deposit. They do not get to choose any random day of the month to leave. 30 day notices always go to the last day of the next month.

Post: LOC Crushes Credit Score... Other Options?

Eddie T.Posted
  • Rental Property Investor
  • New York
  • Posts 844
  • Votes 350

@Jordan Mummau What banks did you obtain unsecured lines with?

Post: Drugs dealers trespassing on the property

Eddie T.Posted
  • Rental Property Investor
  • New York
  • Posts 844
  • Votes 350

@Aqil Dharamsey do you have an update for us as to what has happened in last 30 days

Post: Personal & Business LOC

Eddie T.Posted
  • Rental Property Investor
  • New York
  • Posts 844
  • Votes 350
Originally posted by @Web A.:

@Richard Jahnle

Thank you for responding. I went and received a personal line of credit from Wells Fargo for $15,000 a year ago at 10.25% and want to tap into more capital. Do you know if there is a limit on the number of personal lines your able to open with different institutions.

Have you not asked wells fargo for an increase yet?

Post: Landlords: How do you prevent Security Deposit disputes?

Eddie T.Posted
  • Rental Property Investor
  • New York
  • Posts 844
  • Votes 350

@Frank Procopio I have thought of this but let's say market rent is $1000. So you advertise instead at $1100 a month. Don't you lose applicants because now you are advertising a higher rent then market.

My other question is what if person section 8 budget only reaches $1000 which would cover market rent but not the additional $100

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