All Forum Posts by: Mano G.

Thank you Jenifer! That is what we are planning to do. However wanted to check what others are doing.

Hello BP, I have 2 questions regarding tenant payments. 1. One of our tenants moved out on Oct 31st at 5pm. Tenant pays all utilities so we requested them to transfer to our name starting Nov 1st (since they were at the unit most of Oct 31st) However, it looks like the tenant actually transferred services on Oct 31st itself. should we bill the tenant for Oct 31st charges? can we deduct it from security deposit before we send it back? 2. This is a general question. If a tenant has pets and we charge a non refundable pet deposit for one year at the time of a new lease, do we charge the non refundable fee again when it's time to renew the lease for the same tenant? Or do we charge only when a new tenant moves in? Thank you!

Thank you J Lee for the explanation! We will reach out to an accountant and have them review our situation.

We recently took over managing our properties on our own. My husband and I created an LLC to manage the units. The purpose of the LLC is to separate the income and expenses from the rentals from our personal expenses. We cannot put the properties in the LLC because we still have mortgage on these properties. Is this a bad idea since we cannot put the rentals on the LLC? We are new to this and are now unsure if we made the right move. Any suggestions on this are greatly appreciated. Thanks!

Thank you Dustin Beam! I have reached out to a couple attorneys I found online but none of them have replied back yet. Do you know of any website which would be a good source to find an attorney?

Thank you for the information! Any idea how much it would cost to replace the system? Thanks!

I have a couple questions on creating a new lease agreement. I found a kansas lease agreement on rentallease.net/kansas. although I like most of the terms in this lease, I would prefer to change a couple things around pet deposit etc. 1. Is it safe to use a lease agreement found online for free? 2. If I want to make changes and add a couple more clauses, should I have it verified by an attorney? 3. If yes on 2, how do I find an attorney to get the agreement verified? 4. I have an old lease from one of the apartments I've lived in and really like all their detailed explanation. Is it ok to use certain clauses from this agreement in the new one? 5. Do we have to provide a mold disclosure notice in kansas? Thank you for your help!

Update: Thank you for all your replies! The current tenant did not want us to fix the hvac and are wanting to move out. We are planning to test the hvac once they move out to make sure everything is working fine. Also looking into duct cleaning to see if that helps.

Thank you for all replies! We will have the technician look at the duct work this time. They just looked at the unit the last couple times they were here. One of them did mention the AC unit might be smaller for the size of the house. 

The thermostat is on the first floor so I am guessing the second floor might not be completely cooled or heated because of that? Would it be better if the thermostat was upstairs? Just trying to look for other things we can ask the technician before we look into replacing the system. Thank you!

Hello,

This is my first time on biggerpockets. We own an investment property and rented it since two years. Our property manager moved on to another job and now we are trying to take over property management ourselves starting this month.

The tenants currently living at the property complained about the hvac not working in August and our property manager had a hvac cmp come in and replace a few parts and thermostat. However the tenants complained that it's not cooling enough on the 2nd floor. This is a townhome with 2 floors and fully finished basement. The 2nd floor has fans in every room. The ac and furnace are both 16 years old. We had a hvac maintenance done in Sep and also called in our home warranty to look at the hvac. Both again replaced several other parts like capacitor, cleaned blowers etc. and mentioned the system is working fine. The maintenance company however did suggest replacing the unit in the next couple years. 

Now its in 50's at night here and the tenants are complaining that hvac is not heating the second floor and basement enough. We called the hvac cmp again and they will probably come out on monday to look at it. They will probably  just suggest replacing parts again or  replacing the whole unit. We already spent almost 2 grand trying to fix the system and the tenant doesn't seem to be happy about it. The system is working but i think it needs to run longer and is probably not very effective as a new unit. Should we have the unit replaced? Since this is our first time we are not sure how to handle such requests. Appreciate any suggestions.

Thank you!