All Forum Posts by: Mario B.

Thank you @Karl B. accepting the half months would be a complete favor to him and honestly, I painted the place for him (a color he picked), let him move in a day early, and reduced the rent for him.  I've gone above and beyond for him, which I feel is why he's trying to take advantage now.  I'm going to hold my ground and take this all the way.  I'm just concerned I may not get the full amount, is it a gamble 50/50 that I will get my money or am I guaranteed to win?  I have a great lease, did a background check, and have a ton of txt from him, a series of state he agreed to the lease, but now he's changing his mind. 

Hi All,

I have a tenant that just moved in, March 1st.  We signed a 2-year agreement, early buy out clause of 30 days notice, 1 months rent.

He is giving me a hell of a hard time now, he is breaking the lease for a better opportunity.  I told him our signed agreement states the early termination fee is 1 months rent, he wants to give me half and hasn't paid anything this month, his last month with me. 

Should I bite the bullet and accept the half months rent or take him to small claims court for the full amount? 

I have another tenant already lined up, a signed lease and new deposit but I feel fully entitled to the termination fee, it was spelled out in the lease agreement.  

I recently had an issue filling my rental.  I emailed off a 3 page pre-screening document to prospects asking them to fill it out prior to our meeting.  No one filled it out except for 3 people out of all the tours, however I do think it's a great tool at weeding out who is serious and who isn't, but can scare away potential serious renters too. For example I ask, do you have pets, ever been evicted, length of time at current job, current job, etc.  My second time around, I filled my rental and called everyone that inquired, I asked them the same questions on the phone and had better success, rented to my first appointment.  

It sounds like your rent my be too high.  If it's priced right, calls will come in, and it will rent quick.  I had my rental higher last year to test the market, crickets.  I also make a point to include everything in the rental, for example my condo includes hot water/heat.  I cover the electricity (it's a 498sqft studio), and include parking, and the price becomes that much more attractive.  It would be the same a la carte, however it's a great mental trick for marketing. 

Subscribed! 

@Giannina Biala I love Airbnb.  I've put my search on hold.  I'm going to focus on buying a better primary residence or cheap rental locally.  

I would call her bluff, call the therapist and confirm the letter is legit, you have every right to @Laurence V.

Congrats @Scott Trench has definitely changed my perspective on income and investments.  Well deserved!  

Anyone familiar with 22 Glenbrook Road condominiums in Stamford? 

@Edward Schenkel Great info. I just finished completing my taxes and my CPA highly recommended putting my investment (currently only one), into an LLC. Do you also provide this service?

Thank you @Edward B. and @Robert Carraway you've both been a big help.