Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
Please log in or sign up for a free account to continue.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Michael Julian

Michael Julian has started 5 posts and replied 70 times.

Post: Tenant Lie Number ##?

Michael JulianPosted
  • Investor
  • Franklin, TN
  • Posts 70
  • Votes 33

You don't get it, do you? It's section 8. I am already paying part of the bill.

Post: Tenant Lie Number ##?

Michael JulianPosted
  • Investor
  • Franklin, TN
  • Posts 70
  • Votes 33

Inspector Gadget? I like that... @Shanequa J. Here's the deal. I just finished preparing my taxes and I am disgusted at how much my government is in my pocket, so I don't deal with section 8 housing, but if you are going to, you have a responsibility to serve not only your tenant, but your other customer, the taxpayer, in other words, me and every other business owner out there. If it is over your head, fine, don't do it, but if you take the Section 8 money, suck it up, do your job, and protect my interests too.

Post: Tenant Lie Number ##?

Michael JulianPosted
  • Investor
  • Franklin, TN
  • Posts 70
  • Votes 33

You have a responsibility to the taxpayers, (all of us) to follow up on this issue. If he is living there, they are fraudulently accepting taxpayer money. Keep us posted on how this turns out! 

Post: Evict Tenant after Search Warrant?

Michael JulianPosted
  • Investor
  • Franklin, TN
  • Posts 70
  • Votes 33

Anyone here is one accusation away from having a search warrant served on their property. I would wait for a conviction or a plea before taking action.

Let me start by saying that I hate having a unit sit vacant, and I will ask the current resident if I can show the unit while they are there. So far, I have been lucky to have tenants that were willing to let me do so.

The only time I pressed the issue was when a tenant wanted to break the lease, and I made it a condition of letting them out of their current lease. Otherwise, If they don't feel comfortable with me showing their unit with them still there, I won't do it. One time, the current resident showed it for me while I was out of town and landed me a new tenant. That was pretty cool!

Post: What forms of payment do you accept?

Michael JulianPosted
  • Investor
  • Franklin, TN
  • Posts 70
  • Votes 33
Originally posted by :

- Yes, you can turn away cash, and you should write it in your lease (acceptable forms of payment). However, make sure to check your state laws. For example, in CA, you must provide one option of payment that is neither cash or electronic payment. [/quote]

I might do so if I had many units rented by people without checking accounts, but like to leave every option open when collecting dead presidents and my properties are higher end so it rarely comes up. Thanks for the reply!

Post: What forms of payment do you accept?

Michael JulianPosted
  • Investor
  • Franklin, TN
  • Posts 70
  • Votes 33
Originally posted by @Jeff B.:

hmm; "this note is legal tender for all debts, public and private" so refusing would appear to me that a legal challenge could be made.

As I am not readily accessible to my property, cash is not practical, but when signing the lease, I do take it.  When payments are by cash, it prompt me to ask "How do you intend to make payments?"

 That's exactly what I was thinking. I rarely have this come up, but have taken cash before for a deposit and a rare rent payment, (was at the unit making repairs and she had it in cash). I can see the video's point, and I would not want to go door to door every month advertising I was collecting cash rent payments, but I wouldn't lose 5 C notes in my car either and am not afraid of carrying cash.

Dirty paper is just as easy to deposit as a check, and I know it is good, (unlike a check), so there is that....

Post: What forms of payment do you accept?

Michael JulianPosted
  • Investor
  • Franklin, TN
  • Posts 70
  • Votes 33

Interesting video, but can you legally turn away a cash payment?

Originally posted by @Aaron Sizemore:
Originally posted by @Darren Budahn:

Forget the $5 and be lucky that she hasn't questioned your $40 a day late fee which is probably either illegal or unenforceable.   

 Yeah I never really paid much attention to the $40 late fee in the contract. Not sure where the property manager got the number from. What is the going rate for a late fee?

 In Tennessee, the late fee cannot exceed 10% of the monthly rent, so that's my cap..

Good to know! I will check that out. If you change your mind and want to sell your Nashville property, let me know ;)