All Forum Posts by: Mindy Jensen

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Landlord-tenant laws vary state to state, but almost all states require the deposit returned in full within a certain timeframe, or a partial deposit returned with an itemized accounting of how they spent the portion they kept. Landlords are generally not allowed to bill for their own time.

They have to be able to prove the condition of the property when you moved in, vs the condition when you moved out. Did they do a move-in condition form?

In many states, if the landlord does not return the deposit and/or accounting of how they spent anything held back, they can be liable for three times the damages - or 3X the entire deposit. This could be worth speaking to an attorney about.

What is your biggest problem/mistake/confusion when analyzing a deal? 

RJ is the man.

@Rocky Chugh, I'm looking for this link and will PM you.

I'm with you, Bruce. I don't need some softball inspector. I can find my clients another house. I want them to know what's going on with the property BEFORE they buy it.

**Update: The agent who recommended this company shared my disappointment with the owner of the company who then called me. We had a very nice talk, I received the inspection report which was WAY more thorough than the walkthrough and even had lots of drawings to illustrate what can be confusing concepts to buyers. Apparently, my inspector is just really shy, but still very thorough in his inspection. 

Giving a deposit back to a tenant of 25 years doesn't give landlords a bad name and it certainly doesn't make you a slumlord. I never suggested she pay her to leave, I suggested returning the deposit the tenant is requesting.

Ultimately, real estate investing is a people business. We all have to own the fact that dealing with people requires a bit of empathy. And if you don’t believe that at face value, think of the value of retaining tenants to your bottom line at the very least. Joseph Asamoah speaks about the monetary value of being a good landlord here: https://www.biggerpockets.com/...

I believe this was Zeona McIntyre, Episode 229. Avery Carl also spoke about short term rentals on Episode 364. 

I can second what @Stephen Spradley said about the FC market being nuts. FE Warren looks like it's in Cheyenne? You should connect with @Jeff F. who's in Cheyenne and let him show you that market, too. Your money will go a LOT farther up there.

Also connect with @Jon Lallande to chat about the VA loan. I have heard there is no longer a limit, but am so disconnected from the VA loan that I can't speak intelligently on it.

Not every property you find will make a good investment. Some properties would only work if they paid you to take them. This sounds like one of you has to lose money for it to work.