All Forum Posts by: Nathan Brown

You might just quote the lease back to the tenant. They agreed to assume the liability for loss of personal property in this case you owe them nothing apart from bringing the home back to livable condition in a timely manner. Not having insurance was a risk they chose to take. Didn't turn out so well, but something tells me they won't learn from this experience...

You're giving the tenants something they aren't entitled to, "the benefit of doubt." You're dealing with grown ups who signed a contract. Enforcing it to the letter is not "taking it personal", it's just the course of business. If I were you, I'd put your grievances in writing in the form of a "cure notice" or whatever you call it in your state. In this way, you communicate to the resident there will be no bending of rules. Plus it gives you way more options if they continue to disregard the terms of the rent agreement. 

Sorry you're in a tough situation. I don't have anyone in mind to refer you to, but I might suggest having a frank conversation with your pm asap about your problems. Perhaps they're fixable? 3 months may be too soon to draw conclusions, as in my experience it takes about that long to iron out all the onboarding details anyway. Also, what specifically makes you think you'll have a better experience with the next one? Not trying to call you out, but rather help you avoid whatever issues you're having in the future. Good luck out there my friend.

@Matthew Allen I see in your post it's a seller carryback, so literally nothing of what Jason above stated applies in your case. An appraiser I know (my brother) is Certified with decades of experience and thousands of appraisals under his belt. Very familiar with Tempe multi-family. Warren Brown with Titan Appraisals. I'll send you a msg with his email if you're still looking for a solution.

Most leases say something about the tenant agreeing to accept the house in as-is condition. What does yours say?

Gonna be honest, that's one heck of a clickbaity headline. Taking a look at the actual source, the FCHA website just says you can't discriminate against people who haven't been convicted. I mean okay, so the 5th Amendment still applies in New Jersey. 

@David Ramirez Yeah, the meetup gave me exactly as much as I put into it. Do you do yours on zoom? maybe message me a link next time?

I've spent the majority of my real estate career in sales helping investors find suitable properties, then as a manager helping them grow their wealth. Recently, I finally took the plunge for myself and decided after upgrading to a bigger house, to keep the 1st one and rent it. What a revelation! Now I want another or ten. I attended a meet up last night and met a handful of like-minded newbies plus a few seasoned investors and lenders. I was straight up in my introduction that I was there to learn from the best, and if I got any property management leads in the meantime, that's cool too. Everyone was so helpful and willing to engage. No competition, no reservations about sharing tips, just good conversations all around. The more I learn about this business, the more humbled I am at how much I don't know. I recommend going to meetups for anyone thinking about attending one!

This one's a tough one to prove in court. If the lease is up in 60 days, you're far better off investing your time in something more productive. Just issue the non renewal notice and let the move out happen organically. Then if they holdover, there's a much more likely judgment in your favor if you need to evict on that basis.

A couple weeks is within an acceptable timeframe for many of my clients. That said, it seems not to be for you. If you aren't already, you're gonna have to roll up your sleeves and start dialing. Google relocation services and insurance agents near you. The ones at the top are likely the most internet/advertising savvy. Partner up with them by getting on their preferred vendor lists. The more lines you've got in the water, the more chance of hooking tenants and staying booked. A great website to start at is furnished finder.