All Forum Posts by: Edward R.

Did anyone get an email after your application?  I printed out application number page but never received an email like "Here is your app number we got your application and will be processing"    just thought that seemed strange they don't send an email out

ONLY way I could see this is IF they passed another stimulus to cover a majority of your rental loss (like 75%)

Tomorrow is the 72 hours (or thursday) for those who opted to be forwarded the $10K immediately, lets see how quick they are.

I believe there is a law against telemarketing during a state of emergency.  Something I read from a business reporter.

So on that new webpage for "COVID-19 ECONOMIC INJURY DISASTER LOAN APPLICATION"  ELIGIBILTY ENTITY VERIFICATION looks like you have to be sole proprietorship  for a landlord.  I only report my rental income on SCHEDULE E - that rental income comes from two properties I rent to companies for their workers needing tempt housing and get 1099's from it.  

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Thats would be up to the next owner as this is a flip.  Room has the slanted roof line ceilings (dutch style like).  That system would cost 2500 to have installed, so not worht it for me.  If I were to live in it that is what I would do, but not everyone would.  bonus room is really perfect for a "work from home" office, hobby room, kids video game playing room.  With that ductless or PTAC it would have to be slim to fit under or over the window area as it's the only spot to place one.  I should get a pic of the room.  

Thinking I'm likely going to do the wired in baseboard heater with dedicated 20amp line.  I'm assuming people will think about wanting heat up there in the winter (but then again thinking A/C in the summer).  

Always one idea to the next.  that's why I can't flip fast enough.  Can find a great diamond in the rough and great deals and enjoy the projects. I 

Thoughts/opinions: I have a 3 bedroom 1960 ranch I'm nearing completion on with a bonus (4th?) 200sq room above garage that has two closets and door with stairs that go into (incorporated with) the house. previous owners used it as a sewing room) No heater in there. Should I put in a baseboard heater or not? If I did I'd do 220 hardwired with thermostat and would have to run a dedicated line. Even If I did a plug in 110 baseboard it technically should be on it's own dedicated line despite the plugs that are in there (15amp I think). I anticipate it as a kids play room or office space; not so much as a bedroom but hey, I'm not the future homeowner.

It's a house in a great working class family neighborhood and area where homes sell within 2 weeks.  Investment wise it's likely to cost =<350 plus my time.   Originally I wanted to include it with new duct wrok with the the furnace and A/C system but The HVAC guy said it wasn't cost effective and wouldn't intergrate well with rest of system.  HE would have had to run all new duct work through the garage and fircode it all and such.  said a PTAC would be a more viable option and better and I should let the next owner do that.

Did you get the lease contract? You should be able to screen the tenants, CRS only guarantees and makes payment and usually tenant will want to see the place.

Hi!  OMG , the one renter (there were 3 and one speaking on the others behalf)  emailed me again last week and called today (voicemail) saying he sent an email and would like to folloup on their stay and wished me a Happy New Year. 

I have no problem folllowing up but he can send a demand letter via mail and I'll respond to that  stating the violated several conditions of the lease, smoked pot in house and remedies are expensive.  and followup with my attorneys name and contact them from here on out.

Notice to quit, got me if that applies as they signed a Lease Termination Agreement 

with the "keys for Cash" I offered them. If I speak with my  real estate attorney and he tells me to settle I will.  never know what quirky law may apply.  but in general it does persnoally bother me how I went out of my way for their stay, and that they knowingly signed a contract that they intended to break.  That is fraudulent  by misrepresentation in my eyes.  People can smoke pot all they want, helk I even think they should be allowed to grow it in their garden...but just not on my property.  

BTW: Thanks to you great and meaningful responses.  They are all right on and knowing the laws is so important and making sure procedures are followed. NYS recently changed laws this year (to the disadvantage of Landlords) so what LL may have known changed somewhat this year 2019

My property is a fully furnished house; I do short term rentals only in NYS. 

  I had 3 guys in there for a 2 month lease in late October (company paid for). 18 days into their lease I discovered pot and smoking going on in the house and on property.  They admitted to it and after another inspection I gave them an option to stay with lease modifications.  They blew me off for a few days. Then offered them key-for-cash to get out in 24 hours;  it was 10 days of rent.  They agreed and signed a lease cancellation agreement.  They weren't there for inspection despite them knowing.  Found a few buds in a dresser drawer.  

Anyways.  I kept the full deposit charged for the environmental cleaning and stanley steemer.  Sent them the certified notice and details of the charges and discovery of smoking crap.  26 days later I get an email from one of them; 

"sorry for the delay.  We just saw the charges and we don't agree. felt they were aggregious.... We'd like to discuss a fair cost and leave this agreement in peace" 

It was something like that.  Seriously, they signed a smoking addendum in the original lease, company agent did too.  They fraudulently entered into a contract knowing they would break it.  leave pot around.  could easily smell it despite them saying they only smoked on patio.  I don't care about people smoking pot and such, just not in my property.  (hell they can grow their own pot garden at home for all I care)

So my question;  26 DAYS?  does NYS have a a rule (or yours) about time limit a tenant can dispute deposit charges?  I followed my time limits.  What have you done in this situation?   I have no intention of coming to an "agreement"  they are the ones who screwed up and cost me time and money.