All Forum Posts by: Nathan Hann

@Cody Maheu I will do the same!

@Carl Hebert thanks for the pro tip! I will definitely give it a shot.

I will be there!

Hello all!

I am in need of a reliable handyman. I live in Maine in the Lewiston/Auburn area. I keep going to a contractor for these small jobs and they cost far more than I would like to be spending. I will still go to him for the big jobs but want someone I can call on to handle the smaller stuff. Jobs range from fixing a door that isn't closing properly to putting a up a wall to close up an entryway. Even a contact who may know of someone would be super helpful! 

Thanks!

Nathan

@Chris London

Haha this is actually refreshing to read and so true. I guess I was thinking about damage cost + the cost of doing an eviction through the courts if they refuse to leave. It's my first place so of course all the worst scenarios run through my head. Thanks for all this!

@Nathaniel Seekins

I do plan to reach out to a lawyer tomorrow so these are good things to bring up for sure. Thanks for the tips!

@Scott M. 

Thanks for the feedback and tips!

Hello ya'll!

I'm gearing up to turn over a unit that has a month to month tenant. I am in Maine and only need to give 30 days notice with no reason. That being said, this tenant has a tendency to jump to anger when approached with anything remotely negative. I am thinking of trying the cash for keys approach to avoid any potential pushback that may damage my property.

Anyone out there who has done this, any tips?! Do I give them the 30 day notice then approach them with this option? Can I include it all in the letter I am sending? Anything else you can suggest that you found to be successful in this approach (or wish you had done)?

One more bit of info, I am thinking of giving the tenant a 3 tiered option. Basically giving them less money the longer they stay in the apartment until the end of the month.

Thank you all in advance!

Nathan

@Jonathan Abrado

Welcome to the BP community! I am fairly new at this myself, currently with one property, a duplex that my wife and I are house hacking. I am in a similar boat due to my student loans which have never helped my DTI. I would look at Private Money as a potential avenue for purchasing your first property. I will say asking for money is not mine, nor anyone else I would imagine, but could open up a whole new world of options. If you haven't already, check out the BP book Raising Private Capital by Matt Faircloth. I just finished it about a month ago and my wife and I are making moves to in that direction.

Good luck and again, welcome!

@Landon Bleau I didn't even know the book existed until a couple months ago! I've read so many of the BP books and somehow missed this entirely. It's absolutely worth a pickup. And yes, I hope asking for money gets even a tiny bit easier as I get more properties under my belt. Probably my least favorite thing about this whole process. Good luck with everything and thanks again for your added insight on this!