All Forum Posts by: Account Closed

So as predicted by some smarter people than me one of my tenants did not move out, did not pay January rent, and now is saying he is using February as last months rent...

So since I delayed I filing eviction I need an Attonery in central Florida Orlando area that is quick fast and will go after past due rents during court proceedings. 

Anyone have someone they have used in the past that meets that criteria?   My last lawyer just didn’t workout for us so need someone new.  

Thanks so much. Maybe this will teach me to be never be so naive again. 

What @Nathan Gesner said.  Sound advice from an experienced PM and investor.

And that’s the largest question of the day.  Is there anyway to actually capture the paper loses if you make 200k plus a year?  Given that any deduction is from the ~27-32% tax bracket.

@Yesenia Martinez that’s a new one.  Is this in writing?  Is it in the estoppel agreements that were signed by the tenants?  If not get them to sign what the landlord has or does not have. 
because if you go to closing and the seller actually had security deposits and didn’t hand them over, you are still on the hook to return the deposits minus the deductions for damage.  

 Thanks

lease has a built in 50 dollar increase. 

I sent the letter of renewal of annual, move out, or go month to month (with increase) back in November and they refused to sign it.  

Yes I probably will get screwed over.  I’m typing up a non-renewal letter with a demand letter for last months rent as required per lease.  

 That is probably the best advice I’ve ever gotten.  Thank you.  

The lease says they are suppose to provide written notice.  They refused but verbally said they were moving out Jan 31. So they “used” their last months rent for January. And now they aren’t moving. So I don’t have a last months rent as required by the lease.  

Luckily I built in a automatic 50 dollar increase if going month to month.  So there’s that.  

My issue is they have just been difficult about this situation and I’m ready for them to move.  I’m worried that they may damage the property if they “feel” one way or the other.  They were great paying tenants up until this point.  

The law and lease said 60 days. But now it is 30 days since it went month to month.  But it is in writing. So since they refuse to provide written notice, think the guy that says “the mans against me”.  

I know this is just part of being the owner, however when it happens it still sucks. 

I’m not sure where to start with this person.  

They refused to give proper written notice at the end of their annual lease to say whether they were staying or going to depart.  Verbally they stated they were departing. 

So we set up move out and started taking appointments and applications (luckily I didn’t run any yet). 

Now they say they aren’t moving and have since not moved out.  Won’t give a timeframe for when they will move and won’t sign anything.  

Do I just go while he’s paying (I don’t typically do month to month)  and just one day they will be gone and I’ll move new tenants in?   My concern is they just chuck the annoying threats of ill have my lawyer contact you.  I’m not worried about some lawsuit or something.  

So do I send notice of nonrenewal and a move out date or just be happy they are paying and collect rent and stop stressing. Thanks 

@Tiffany Drahonovsky at one property I wouldn’t concern myself with the date rent is paid as long as it is on time and works for you.  But once you start getting more properties and you have say 10 units, 5 pay the 1st, 2 the 5th, 1 pays the second paycheck of the month, and your current tenant. How long until your accountant pulls their hair out or charges more, or before you spent 10-15 hours a week driving around collecting rent.  

    It works now and I bent around backwards to get tenants to pay. But you just need to have a line in the sand and trail and error on systems that work for you.  

    I have a tenant that pays on the 5th and one that pays the second paycheck of the month (learn thru others) and it is a pain in the butt to get that money sometimes. I’m actually about to transition from a “sorta” employee PM to professional PM service even at costing much more.  But I’d rather have my 5-10 hours a month back then 150 dollars. 

How do you collect the rent?  
The whole work in your business and not in it is something I struggle with. And realized how much I do as I typed this response.  

What’s your question?

numbers look right, just not a good investment.