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.
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: Karl B.

Karl B. has started 14 posts and replied 1795 times.

Post: how bad can it get? Let me show you!

Karl B.Posted
  • Rental Property Investor
  • Erie, PA
  • Posts 1,819
  • Votes 2,867

There are plenty of us on BP who self-manage in C-Class areas and do very well. 

The problem isn't buying C-class - the problem is garbage property managers who look out for #1 and bleed owners dry. 

Post: Quick Tip on Old Plumbing!

Karl B.Posted
  • Rental Property Investor
  • Erie, PA
  • Posts 1,819
  • Votes 2,867

Good stuff. I had an idiot tenant who clogged the sink with grease and I cringed when the plumber used Liquid Fire to clear the issue. I had used the Green stuff as well as generic Draino and neither worked on that clog. 

On smaller clogs I like to use baking soda and vinegar.  

Post: What other sources are you using for Networking outside of BiggerPockets?

Karl B.Posted
  • Rental Property Investor
  • Erie, PA
  • Posts 1,819
  • Votes 2,867

Local RE meetups, which has been useless for finding deals but good for information on tradesmen and other information. 

I correspond with a few investors on FB and we send one another deals we come across the other may be interested in (we invest in different areas, classes and RE types so we're not competing for the same properties).

Talking with realtors has been great for off-market landing deals. As the market slows down this will work even better, IMO. 

Post: Time for a joke...

Karl B.Posted
  • Rental Property Investor
  • Erie, PA
  • Posts 1,819
  • Votes 2,867

LOL

Here are some corny R.E.-related ones:

Q: Why can’t you sell an open floor plan to zombies?

A: They hate seeing the living room.

---

"Hey, girl, are you a mortgage? Because you’ve got my interest!"

Post: City wants to buy my land

Karl B.Posted
  • Rental Property Investor
  • Erie, PA
  • Posts 1,819
  • Votes 2,867

First I would look into what they've purchased in the past and for how much. You may be able to ask the local property tax/appraiser's office for this information. 

If they throw you a number you like and you're willing to sell, I would then say something like, "I'll tell you what, I'll sell the two lots to you at that price if you let me into some blighted properties you plan on knocking down because I want to take the doors, cabinets, crown molding, etc. so I can use them in my current rentals." 

Old homes have some nice hardware! 

Post: Current NFL Linebacker looking to get into small Multifamily

Karl B.Posted
  • Rental Property Investor
  • Erie, PA
  • Posts 1,819
  • Votes 2,867

My first rental property was a 4-unit and I still own it (I was there today working on a unit a tenant just moved out of). If you're interested in multi-family a 4-unit is a great way to start and it's not hard to self-manage. I managed mine from California and the 4-unit is in Pennsylvania. Though I bought a bunch more properties and decided to move to PA to self-manage and keep buying.

Chances are there are some real estate meetups where you can meet with local real estate investors and learn. Some events are listed here on BP and Meetup.com is another good website to find local real estate meetups across the country. Also, you can listen to the Biggerpockets podcasts; they're full of information. There are also several former pro athlete podcasts including one from Ryan Broyles, which was great. 

Post: Cell Tower Construction and Lease

Karl B.Posted
  • Rental Property Investor
  • Erie, PA
  • Posts 1,819
  • Votes 2,867

They'll usually come to you. After being approached, my dad put a tower next to one of his warehouses. A few years ago he sold the rights to a company that goes around and buys tower rights for a nice lump sum. 

Post: So where else are you putting your money besides real estate?

Karl B.Posted
  • Rental Property Investor
  • Erie, PA
  • Posts 1,819
  • Votes 2,867

I have most of my money in CDs (9 month and 12 month). I still have some cash in the bank for RE deals. I also buy dividend and mining stocks when I see something I like but most of those investments are on a small scale. 

Post: Tenant left 24ft RV in my yard, What do I do?

Karl B.Posted
  • Rental Property Investor
  • Erie, PA
  • Posts 1,819
  • Votes 2,867

"To sell or title an unclaimed abandoned vehicle in their name, the applicant must post their intent to auction in step two of the AVP and wait 21 days. Once all AVP requirements are complied, the applicant may title the vehicle in their name, or sell it to a third party purchaser at auction or in a casual sale."

https://select.dmv.virginia.go...

Post: Renters left without notice

Karl B.Posted
  • Rental Property Investor
  • Erie, PA
  • Posts 1,819
  • Votes 2,867
Quote from @Kinju Dudhia:
Quote from @Scott Matthew C.:

Hello fellow Michigander. Nice to meet you @Kinju Dudhia. Thanks for posting your awful experience. 

For those who are reading this and starting out, the laws regarding a tenant's abandoned property can vary depending on the state and/or country in which the property is located. Generally, a landlord has a duty to protect the property and maintain the belongings of a tenant who has abandoned the property.

In many cases, the landlord may need to provide the tenant with a written notice of their intent to dispose of the abandoned property. The notice period can also vary depending on the state or country, but it is typically around 14 to 30 days. If the tenant fails to respond to the notice, the landlord may have the right to dispose of the property.

In addition to these laws, there may be specific provisions in the lease agreement that address the situation of an abandoned property. It's important to review the lease agreement and seek legal counsel to ensure that you are following the appropriate laws and procedures in your area.

Ultimately, the best course of action when dealing with an abandoned property is to consult with an attorney or a local housing authority to ensure that you are following the correct procedures and protecting your rights as a landlord.

Best of luck!

**I would not hesitate. Take swift action. 


 Thank you for your response. How do I find their new address?






Not sure about your local laws but in PA we must hold their stuff for 30 days. After that the stuff is yours and you can sell it or toss it in the dumpster.

Small claims limit is 5K so you would need a lawyer to sue if it comes out to more than 5K. For under 5k it's simple to sue them. They likely won't even show up and you would automatically receive a judgement.

To find their current address try this:

Do this: https://www.landlordology.com/find-deadbeat-ex-tenants/

"Using the last known address of your deadbeat tenant (which is probably your rental property), mail a letter addressed to your old tenant at that address. Before mailing, write on the envelope, “Address Service Requested” as such:

(image of what the addressed letter should look like - the photo is on the link above)

In doing so, your letter will be forwarded to your old tenant’s new address, and the post office will let you know what that new address is. This method works only if the person left a forwarding address, however.

I would also try to look them up on social media. Let's say you find them on Facebook. Now you have a general idea as to where they live. Look them up on the local FB marketplace - you may need to join a few local seller groups for this. Let's say they're selling a couch - have a friend message them asking where to buy the couch - you could get the tenants' address that way too - it's a long-shot but would be worth a try if the USPS method doesn't work.