All Forum Posts by: Matt R.

thanks for the input sue, super helpful. sorry that im trying

ive been doing this for about 5 years, and ive never run into this before. thanks for the info! 

so if a tenant up and leaves one month, breaking the lease, you couldnt keep the deposit? 

all of the tenants are moving out now that i gave them the 5 day notice. 

i thought because they broke the lease, but i didnt know, thats why im asking. i didnt get an exact answer from the handbook. 

A few weeks ago my tenant decided to move 3 family members into her unit. I found out and gave the 3 people a few weeks to move out and they did not.  So I just gave them a 5 day notice, and they told me they would all be moved out within 5 days. do i get to keep the security deposit once they are out? i live in Wisconsin. thanks!

Its totally possible, especially if you're willing to put in some work and build some equity for yourself.  When I buy properties, they have to meet my 3 financial criteria before I consider them

  1 after reno cost of 15k-20k per unit

  2 400+ per unit monthly cash flow

3 25%-33% ROI (I will also accept higher hah)

These numbers worked for me, but I buy cash, put in a lot of sweat equity, and manage myself

I am dealing with WE energies here in WI, and the since power was in the tenants name,  the amount owed is her responsibility.  If she would have taken her name off the account, WE energies would have notified me that I was going to be responsible for the bill from there on out.  If she did that, and still wanted to live there (me paying her power consumption) I could get WE energies to pull the meter.

Once I transfer the service back into my name- WE energies will put the meter back and I will start fresh.

The lease I use is the one from a legal store- not one some landlord wrote up, it keeps up with all the new laws, so I am pretty sure its all legal. And it does state that all I have to keep is medications for 7 days. I am planning on just taking all the crap and sticking it in the basement. If she want its back- fine, otherwise I'll get rid of it when I have some time.  The power has been off for over a month now

I was just reading my lease, and it says if the tenant is absent from the property for 2 successive weeks, without notice, and without paying rent, the property is considered abandoned. So I think I will wait till the 14th, and then take possession. Thanks guys

I noticed a few weeks ago that my tenant stopped mowing the lawn, and apparently stopped paying their energy bill, because the local power company came over and took the meter and put a tag on it.  The first of this month came and she did not pay the rent. I left a 5 day notice on the door, and now- 5 days later it is still sitting there. I assume she moved in with her boyfriend.  The other renter (its a duplex) says he has not seen her in a month. I have been calling/ texting her, and she just ignores me.  I looked in the windows and she has a few things left in there, but not much.  Do I have to evict her even though shes not living there? Or can I just take back the unit, and put the couple things left behind in storage? I am in Wisconsin. thanks!