All Forum Posts by: Isaac S.

Dude, they are only midway in the long list of people that deserve to be throat punched!

By the way, thanks for giving me an excuse to say "throat punch" today! 

Bunch of great advice above...

FYI, if they paint anything mid to dark tone it will require multiple coats to cover or bring back to white, black or red will require 2/3 coats of primer, and then good paint top coat. That means 2-3 times the work and close to that in cost, for that wall.

The tenant never return it to proper move in condition when they move out, they will never be able to match the move in paint because even it is the same exact color, the paint color changes slightly over time, so it will probably be off slightly.

They rarely know how to properly mask, and protect flooring and other things will get paint on them.

They better be an amazing tenant and you did all the good suggestion from above about setting up rules, boundaries and limitations....and it better be a unit that is hard to turnover and is risking being vacant for several months, to go to this trouble.

Good luck!

Roofing is statistically more dangerous/deadly than being a police officer, body guard, security guard in a dangerous neighborhood, and just about every profession. According the Bureau of Labor Statistics, it's the 4th most dangerous job in the country, behind aircraft pilot/mechanic, deep sea fisherman, and logger.

But your resistance to take the good advice above, is a sure sign of youth or inexperience, and if you don't learn it here, the easy way, you will learn it the hard-way

I'm a deep cover agent with the super secret board of realtors police force and we are in a van with a swat team down the street from your home, drop everything and run now and you might get away!

Buddy, I wish that was illegal, but, then I wouldn't know any highly motivated realtors...seriously, I get calls like yours 2-10X a week, from the biggest firms in the industry...if it was illegal or they could be sued, I doubt any billion dollar companies would be exposing themselves to such liability...but, im not a lawyer, so you should probably spend a few hundred dollars consulting with one just to make sure, after all you don't want the super secret realtor swat team to come get you, right?

1. DIdn't find BP sooner

2. Didn't use built up equity to expand portfolio sooner.

3. Rented to friends and/or family

4. Didn't screen thoroughly or made exceptions to my criteria or let someone rush me into renting to them.

Just a few of the mistakes, I will never make again! 

Some people play golf, some knit, some ride a bike or motorcycle....and some find stuff to complain and fuss about....good luck!

Our rents went down 7-10% from their peak in late 2019 early 2020....bet you get a ton of bites lowering the rent 10%....remember: better to loose 10% rental income for a year, than 2+ months of rental income

@Ellie Perlman spoken like a true sponsor!

Haha, but seriously I have heard all your arguments from  sponsors that I have spoken with and they are reasonable points. but their is only so much money in a given deal...so the more the sponsor can align their interests(make money) with the investors interest(make money and protect capital) the more you get away with a statement like the title of this post:

You realize that's like politicians saying "don't focus on the taxes your charged" or car salesperson saying "don't focus on the price", etc, etc

Sorry for the rant, the title of the post really triggered me.

Look at your lease, if it is boiler plate lease(standard fill in the blanks), it should actually have specific language regarding the untimely demise of the tenant.

Mine says something like, in the event of tenants death, that will be considered the 30 day notice.

as for the tenant personal property, your county or city will have specific legal requirements for what to do with that stuff.

lastly, i'm not a lawyer, the only legal advise you should take from me is..... you pretty much need a lawyer specializing in RE.

good luck

100% would invest in syndication deals that reached out to me on BP, they are all so amazing and the smartest most brilliant investors that never loose money or make bad investments....just do "innie minnie, minee moe" and the one your finger lands on is where you should put all your money!