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All Forum Posts by: Kim Meredith Hampton

Kim Meredith Hampton has started 10 posts and replied 2472 times.

Post: Non-Renewal Lease Letter Vs Notice to Quit

Kim Meredith Hampton
Posted
  • Real Estate Broker
  • St Petersburg
  • Posts 2,624
  • Votes 2,112

Travis

If they don’t leave by the end of the month, they are now a holdover tenant and you can begin eviction proceedings. 

As always, look at your states statutes or hire a real estate attorney in your area to assist.

Post: Non-Renewal Lease Letter Vs Notice to Quit

Kim Meredith Hampton
Posted
  • Real Estate Broker
  • St Petersburg
  • Posts 2,624
  • Votes 2,112

Travis, non renewal is for tenants when they are near the end of their lease term. This non renewal gives them 30-60 days prior to the end of the term with a written notice of such. Always check your lease as to what it specifies, AND if your area has any tenant bill of rights that specify this notice further.

The Notice To Quit, is your 3 day notice to pay rent. The 3 day count is minus date of posting and weekends and holidays 

Hope this helps to explain the difference 

Post: New tenant analysis

Kim Meredith Hampton
Posted
  • Real Estate Broker
  • St Petersburg
  • Posts 2,624
  • Votes 2,112

Personally, I would keep looking, sounds like a real problem waiting to be dropped in your lap on a brand new house

Post: Landlord Tenant Question

Kim Meredith Hampton
Posted
  • Real Estate Broker
  • St Petersburg
  • Posts 2,624
  • Votes 2,112

Liberty,

Playing devils advocate here; did your friend have the funds/cash flow for the manager to take care of the property? I don’t see why someone would deliberately not do all the maintenance and work orders, pest control, pay for garbage pick up etc… Who knows, maybe this is just a really badddd manager that just wants to collect fees and not do anything, but if the tenants don’t pay, they don’t get paid either. Just seems really strange 

Post: Is property management a good business?

Kim Meredith Hampton
Posted
  • Real Estate Broker
  • St Petersburg
  • Posts 2,624
  • Votes 2,112

Christie

Actually it’s almost the opposite! I own a long and short term management companies. Our management fees have never ever changed in 30 years😳, but our expenses have quadrupled over that time. The only way you make money for pennie’s on the dollar for everything you do, is by quantity of accounts. The insurance; general liability, E & O, employment practices, cyber, criminal, non hired auto policy and the list goes on and on……… 

Post: Are "roommates" a protected class?

Kim Meredith Hampton
Posted
  • Real Estate Broker
  • St Petersburg
  • Posts 2,624
  • Votes 2,112

Sam, Roommates are not a protected class.You found a more qualified applicant to the rent the house is your answer, plain and simple. 

I could say that I want applicants that all have red BMW’s, that does not fit into any protected class. 

Post: Turning off electricity service while tenant is living there

Kim Meredith Hampton
Posted
  • Real Estate Broker
  • St Petersburg
  • Posts 2,624
  • Votes 2,112

Here in Florida, we can not turn off service whatsoever on an occupied property, and I’m sure california is the same. I think the only leverage you have is when it comes time for the renewal. At that time, you can offer a renewal if and only if the back owed utilities are paid and he turns it on his name. 

Post: Tampa Bay Real Estate Investing Meetup - January 2024

Kim Meredith Hampton
Posted
  • Real Estate Broker
  • St Petersburg
  • Posts 2,624
  • Votes 2,112

Looking forward to connecting and meeting everyone 

Post: Anyone use APPFOLIO?

Kim Meredith Hampton
Posted
  • Real Estate Broker
  • St Petersburg
  • Posts 2,624
  • Votes 2,112

Hi Greg,

I have used Appfolio since 2009 and have about 1000 units on there plus Appfolio Plus. The only downside is that it does have a little bit of a learning curve and they have a certain number of units you must have. (not sure what that number is now)-maybe 100? It is an awesome system and does everything for single and multi family management, makes our difficult job so much easier. Happy to chat with you

Post: Having trouble renting townhome

Kim Meredith Hampton
Posted
  • Real Estate Broker
  • St Petersburg
  • Posts 2,624
  • Votes 2,112

Please reach out to a professional property manager in the area, using a retail realtor is not the answer