All Forum Posts by: Karl Smith

@Robert J.

Who was your mortgage lender that did the 90 days?

@Tracie Janoska

What if a regular tenant were to trash your property? Most of my tenants are Section 8 and the average length of residency in my rentals is 8 years. One lady has been there going in 17 years. What if you have a regular tenant that doesn’t pay you for 2-3 months? If your Section 8 tenant doesn’t pay and you evict them they lose their voucher. More of an incentive for them to follow the rules, but each market is different. Just my 2 cents

@Megan Brooks

Just have documentation when you go to court if he shows up. That way you can prove that he bounced previous rent checks and also you made sure the heat was working. Also I would require that you get money orders or cashier checks from now on. Or you could have him pay online by using Zelle for example.

@Adam Serdula---Looking for hot chicks

@Jazlynn Gibbs

Just go about your normal routine for RE investing and it really shouldn't matter if you think that is going to happen in 2020. The media is the worst to let you think that. I will just buy more rentals if it happens and better prices.

@Charlie Moore

Give them a 30 or 60 move out notice and move on. Are they on a month to month lease? Are they breaking their lease with you? If so go file at your county court house. Write off the $2K on your taxes next year and move on.

@Aimee Knier. You might be the one filing a lawsuit after the tenant throws their hot coffee on you. Treat it as a business and nothing less.

@Rahul Handa

I just keep rocking and rolling. Who cares about a market crash! Just keep doing your thing with real estate. If the market goes in a different direction just adjust accordingly. For example if you are a buy and hold guy like me set some monopoly to the side to jump on a deal if you find one.

@Andrew Angerer

Some people don't want to put in the time. For instance read real estate material online at your leisure. Whatever the topic might be. You should be able to find 1-2 things that spark your interest. Rentals, wholesaling, rehabbing, tax liens, etc. If you want something bad enough you will find a way to do it. People who make excuses don't want it bad enough. PERIOD.

@Tj M.--I would rather have 10 free and clear rentals than 15-20 rentals financed. Every single investor is different in what they want to accomplish. Mine personally was to put 80% of my rentals on 15 year terms. The reason was to pay them off faster, build equity quicker, and have options down the road. Also think back in 2008-2009 range when a lot of investors were "Leveraged" to the max. I know a few guys personally that lost their ***. Just me 2 cents.