All Forum Posts by: Kyle Barger

Any advice or suggestions when negotiating off market multi-unit deals?

Bought a duplex and owners have 7 more on the same street open to discussing. There was a bidding war in the first one so I want to avoid them going to market but not sure what leverage or other things to take into consideration on a multi parcel deal. Thank you in advance! :$

I have read and thought about each response. Thank each of you for taking the time to do so. We have turned down the prospective tenant and connected him with another fellow landlord with Class C and D properties where it was a better fit. Win win for both.

The advice that stood out was @Bjorn Ahlblad's classification of areas just like tenants. A Class A property should connect with a Class A type renter. I think this perspective will be helpful going forward. Also the many landlords saying go with your gut. Really felt the love with all the responses and attention. BP!

Thank you all for the insightful responses. Feeling the love as a new member to BP!

@Amy Aziz yes the seatbelt was piled on top of a failure to register. More or less all traffic/license related issues. I have past addresses on the tenant screening but will need to ask for landlords contact info. How do you go about getting that info? Asking for it directly? Thank you for your time and response :)

Hello I am a relatively new Investor and am uneasy about a potential tenant. Would some of the more experienced landlords please give me some input? (Be gentle) I have an A+ SFH a week away from completion in an A+ neighborhood and I'm asking top of market rent. A friend of mine (retired mailman) met a drinking buddy at the Moose Lodge. Guy just moved here as a carpenter for work and is looking for a rental home. He connected the dots. Guy is ready to move in on completion, full ask, full deposit, no pets, no smokers. The house is in an A+ neighborhood and the best schools in the area. I have had the house listed for about 2 weeks without many hard bites. I believe this is due to COVID shutting down school many families are not aggressively looking to get into this area. So this seems like a great deal until...

Guy submits his application and I see 5 arrest records. All minor traffic incidents many years ago (No insurance, failure to register vehicle, failure to wear seatbelt, driving without a license etc.) but solid income and no prior evictions we could see. Then I then look this guy up on Facebook and see all kinds of "F This, F that", angry political rants against BLM, middle finger selfies etc. 

Am I letting my beliefs and moral compass keep me from lording over this land well or are these easy red flags? I mean if he wasn't the sharpest tool in the shed he wouldn't be a renter right? Am I crazy for holding out for lotto winning nuns and peace corp trust fund doctors as tenants?