All Forum Posts by: Kyle Petitjean

We have a tenant on a 6 month lease (Corporate Housing) . About two weeks ago, he has brought 2 guests (maybe a 3rd) into the home. They have been staying there overnight consistently. How do we go about inquiring when they will be leaving or putting them on the lease? If we get them on a lease can we raise the rent since we cover all of the utilities?

Excellent point!

Thanks Jill, this is a crazy time for all of us. I just wanted to make sure, there were no liabilities down the road. It’s always nice to have reassurance. 

So it’s better to disrupt two units, and potentially expose both units to outside people during this social distancing than having the crew spend more time to pull out the other plumbing for access? The pipe only leaks when the sink drains. 

For more clarification- *The leak is in the wall coming from the kitchen sink’s drain. The units do not share the pipe. 

As a Landlord or property manager, is it okay to approve a repair crew to enter another unit and cut through that unit’s wall to fix a leak in the adjacent unit’s leaking pipe? Keep in mind the leak is coming from the adjacent unit’s kitchen sink. I’m under the impression, the crew wants to do this because it’s less work for them since they won’t have to remove the sink plumbing to be able to enter the wall from the affected units side. So I guess the real question is, should the unaffected unit’s tenants have their lives disrupted so the plumbing crew can have less work?

@Tim Herman That's a good point! I don't know the answer to that. I mainly posted this report because of the high ROI. It seems rather high so I feel like my calculations are off somewhere.

View report

*This link comes directly from our calculators, based on information input by the member who posted.

High ROI!  What am I missing?

@Taylor Roeling, I would love to invest close but since I live in LA, I am nowhere near being able to start here. I have family and friends in the midwest so I tend to like the idea of out of state investing. Plus the idea of buying cheaper properties (75k-150k) to start leads me to believe there is a little less risk for a first time investor, rather than buying a 500k property.