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All Forum Posts by: Jeff Gates

Jeff Gates has started 23 posts and replied 479 times.

Post: How to handle security deposit with two tenants on the lease

Jeff GatesPosted
  • Investor
  • Cathedral City, CA
  • Posts 481
  • Votes 170

Ask them draw up a roommates contract and attach it to the lease as an addendum. This won't be legal. However it still can be helpful.

Post: Tenants leaving rental in fifthly condition.

Jeff GatesPosted
  • Investor
  • Cathedral City, CA
  • Posts 481
  • Votes 170

I added this to my lease

+++++++++++++++++

If Tenant retains possession of premises after the expiration date of the lease without Landlord’s written consent, a fee of seventy dollars ($70.00) per day shall be imposed until possession is returned to Landlord. (2) If Tenant hands possession to Landlord with the rental property extremely dirty, the holding over rental charge of seventy dollars ($70.00) per day shall be charged against Tenants deposit while professional vendors clean the rental unit.

Post: Tenants leaving rental in fifthly condition.

Jeff GatesPosted
  • Investor
  • Cathedral City, CA
  • Posts 481
  • Votes 170
Originally posted by @Todd Plambeck:

In the rare instance I have a one day turn, happened twice in 10 years, I offer to send in my cleaners while the current tenants are still there and cover the charge myself.  I'd rather eat $100 or $200 than have a week or two of vacancy.

 I tried exactly this. Renter refused.

Post: Tenants leaving rental in fifthly condition.

Jeff GatesPosted
  • Investor
  • Cathedral City, CA
  • Posts 481
  • Votes 170

In the past tenants are SO worry about the security deposit deductions they work hard to leave the rental unit in a decent condition. So why I am shocked, is these tenants don't care about anything.

Post: Tenants leaving rental in fifthly condition.

Jeff GatesPosted
  • Investor
  • Cathedral City, CA
  • Posts 481
  • Votes 170

Upon my pre inspection I noted the fifthly condition. I requested a list of cleaning to be accomplished before the end of the month. The tenant informed me they have no intention to clean.

I realize I can deduct charges from the security deposit. However I am upset about the days/time it will take to clean the rental unit. The new renters won't pay rent until the time the rental unit is clean.

I should change my lease so I can be better prepared for this. Any suggestions?

Post: First property! Washer and dryer?

Jeff GatesPosted
  • Investor
  • Cathedral City, CA
  • Posts 481
  • Votes 170

I suggest you don't supply these. What I tell my renters about the refrigerator is: "The last renter left this behind. I guess it works, I don't know. You are welcome to use it, however if it fails to work, I won't fix it". The more appliances, the more costs to maintain them.  All you need to worry about is what your competitors offer. If 75% of the homes in your area have no washer and dryer, don't install them.

Post: How do I appease a very high-maintenance tenant?

Jeff GatesPosted
  • Investor
  • Cathedral City, CA
  • Posts 481
  • Votes 170

It is human nature. Some folks are worth removing ASAP. Just replace a tenant with another. Life is too short to listen to all the issues that are not real (at least most of them). Some folks are drama and others are not.  I have my list of profiles I avoid.

Post: Pre-screening Tenants Without Talking to Them

Jeff GatesPosted
  • Investor
  • Cathedral City, CA
  • Posts 481
  • Votes 170

You might try https://calendly.com/ it is free. This way you can schedule pre screen telephone calls. Folks that won't have the patience for this won't be good tenants.

Post: Favorite software for a Landlord?

Jeff GatesPosted
  • Investor
  • Cathedral City, CA
  • Posts 481
  • Votes 170
Originally posted by @Dustin Beam:

I am currently using Rentec's free trial, but honestly don't know what the point is. That's not a knock on their software, but more of a "I don't know what to use it for".....which would probably apply to all types of software.

I'm new, so I may change my mind, but I'm not sure what I need to monitor that a simple excel spreadsheet can't handle. Maybe I'm missing something?

  •  Can a spreadsheet send you email when the renter pays?
  • Can a spreadsheet send you email when a renter is late?
  • Can a spreadsheet asses a late charge?
  • Can a spreadsheet perform a credit check?
  • Can a spreadsheet organize all your applicants and rate them?
  • Can a spreadsheet identify when you enter expenses wrong?
  • Can a spreadsheet produce a schedule E for the IRS?
  • Can a spread sheet syndicate your rental vacancy advertising?
  • Can a spreadsheet send out an adverse action letter?
  • Can a spreadsheet identify your math mistakes in a accounting balance?
  • Can a spreadsheet notify you of a up and coming lease expiration?
  • Can a spreadsheet notify you of a maintenance request from a tenant?
  • Can a spreadsheet issue a work order to a vendor to fix the maintenance issue?
  • Can a spreadsheet send out monthly statements to your tenants?

I could write another 100 items!

Post: AppFolio accounting

Jeff GatesPosted
  • Investor
  • Cathedral City, CA
  • Posts 481
  • Votes 170

Wow, sounds like the operator, not the machinery.