All Forum Posts by: Eric Gerakos

 George, I actually have in my lease that partial payments won't be accepted. It sets a legal precedent that moving forward the tenant can continue to string you along for the rent every month because they can show that you accept partial rent.

Yes.

George, never accept partial payment of rent. It sets a precedent as to what you will accept and delays eviction.

Instead of fighting the high interest rates as a borrower, take advantage of them by being a lender. Conservative LTV first trust deeds are currently paying over 9% and generate good cash flow when buying doesn't make sense.

Be sure to get her out  before she stinks up the place. Then find another tenant.

No.

Those homes are money pits…..

You bought a very cheap(undesirable) property in a cheap(undesirable) neighborhood. Those properties typically only attract undesirable tenants. Real estate pricing is based on demand and desirability so very cheap properties are often money pits with high maintenance and high vacancy. They look great on paper but the reality is often quite different. Better to pay more and buy property where people actually want to live. Better appreciation, higher rents, lower maintenance etc. best of luck to you.

Tenant……