All Forum Posts by: Nancy Curran

Of course it means you split the profit. If you don't want to split the profit, get more money from the bank.

Nobody will pay $5 wash, on principal alone. Plus you will look like a freaky cash obsessed landlord which creeps people out causing you massive turnover. Go to the local laundry mat and see what is the current rate. I charge between $1.50 and $2, depending on building.

Don't feel bad, I make all cash offers and get beat.

Why is the area up and coming? Realtors always use pro forma, every building has good bones, and every area is either great or up and coming. If it's in a bad area, what makes it up and coming? 

Agree with Sue Kelly. You don't have to do anything.....the lease falls into mtm automatically. But check your local laws, of course.

I don't understand why he can't pay the rent on time because someone died. I would say, "Rent is due on the first but late after the 5th. My condolences on uncle Freddy."

I don't think attorneys need to be investors to understand anything. Cardiologists don't need to have heart problems to do surgery. I would ask for references, ask how often they deal vs. going to trial. 

Why did you rent it so low to begin with? Personally, I would raise it more than $50, probably $100. You may lose them, but as you say, not a biggie. I'm all about keeping good tenants, but not to the point where I'm subsidizing them. Nobody is that good.

same here. It's immediate once I accept payment.

I'm looking now at 4-9 apartments in multi units and nobody is asking me for anything. I don't expect to see every apartment either. I can get a general idea of the shape of the building, rent prices, etc. if I'm interested in making an offer, I ask to see more apartments (at least a few more if they can't do all).