All Forum Posts by: Karlus Henry

Hi Daria,

Unfortunately for the innocent tenant, the common area damage is split between each tenant unless there is substantial evidence to prove that only one person is responsible for the damage. We normally require the tenants to work out the utility arrangement between themselves. This is where the potential management nightmare comes into play. However, some of my colleagues prefer to keep the utilities in there name and just include a utility expense in the tenant's total rent payment. If the tenant exceeds the set utility credit for the month, the overages will be charged back to the tenants. In Florida it is important to state in the lease agreement that all utility overage expenses that you are charging back to the tenant will be considered as additional rent. This will give you the leverage to evict if these bills are not paid because this expense would then be considered to be "non-payment of rent" which can make the eviction process much smoother. I hope this helps.

Regards,

Karlus

Hello Daria,

I'm a real estate investment manager in Tallahassee and we have a few student rentals in our portfolio that we have rented out by the room for several years. It can be a management intensive endeavor if you have to match up the roommates. As you can imagine, it becomes a challenge for tenants to get accustomed to living with total strangers. However, most students prefer this arrangement because each tenant would have there own separate lease which specifies their single room including the common areas (kitchen, living room) and they would not be responsible financially for the portion of rent that there roommates are supposed to pay.  This type of arrangement works best when each student has their own separate private bathroom in which they would not have to share with roommates and the ability to have a separate keyed lock to their bedroom. In essence, this set up would be similar to a dorm room set up in which they would only share common areas with their roommates. I hope this helped.

Regards,

Karlus

Hey Cheron,

Happy New Year!! Christic and I are always looking for deals, so please don't forget to send us any wholesale deals you are trying to turn quickly. Look forward to working with you on a deal in 2016

Best regards,

Karlus

@Skyler Marinoff  Glad to see you join the BP family. I'm a real estate investment manager in the North Florida market. I would love to connect with you if you are doing anything in the Tallahassee area market. 

@Sarah Shockley 

@David P. 

- I apologize, I just realize I'm not suppose to post contact information so you can "PM" if you would like their contact information.

@Sarah Shockley  - I'm a member of the National Association of Residential Property Managers (NARPM) and I met them through this association and most of them are present or past leaders within the local Jacksonville chapter. I have worked with most of them on an associational level and I can vouch for their professionalism.

Also, I noticed that some contact information was missing from my earlier post so I will include it below.

1) Jack McSwain - 904-349-7359 

I hope this helps,

Karlus

@David P.  - You are welcome. Please let me know if I can be of any further help. I'm only a couple of hours away from Jacksonville. 

Hope you have a great start over there in 2015!!!

@ David P.  - I have provided some names for you below of some of the top agent / property managers in the Jacksonville market. 

1) Jack L. McSwain Jr.  -

2) Walter Williams Property Management - Tiea Vincent

3) First Place Property Management - Michael Hodges

4) Step One Realty, LLC - Angela McKee -

5) Navy To Navy Homes - J. Mario Gonzalez -

6) Heth Realty, Inc - Wanda Franklin -

@Ted Akers Please "PM" me so we can talk more about your services...

Wow.. The prompt response on this forum is unbelievable!!! I really hate that I had not joined this group earlier because I think I probably would have been a lot further in my investment career by now. @Ryan Kopczyk thanks for your help and I look forward to working with you. @Jay Hinrichs please pm me because I would love to see if we can do some business together. @Gregory Anderson I looking forward to talking with you. Thanks again for all your help... I look forward to posting raving reviews as a result of closing deals in 2015 from the relationships found through this forum.