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All Forum Posts by: Onyedika On

Onyedika On has started 5 posts and replied 22 times.

Originally posted by @Tristan Scott Zell:

I have a tenant who just got Covid and is quarantining inside the apartment. They notified me that also the thermostat is broken and they aren't able to set it to a reasonable temperature, this is not good since as the landlord I need to keep the heat at a certain temperature (Right now in Maine temps are in single digits). But it doesn't make sense to send anybody in there to fix it if the tenant has covid. What should I do? I am thinking about getting a space heater and giving it to them to use, but this is only a temporary fix. 

 Do you have your own crew that you are concerned about sending out for the job? If not, call a HVAC company, let them know the situation and they can determine if they have the capability to perform the job while staying safe. 

Originally posted by @George P.:

What city? 

I thought I put it in there, but city is Warren Mi. 

I'm looking for a GC in SE Michigan who can perform some rehabbing on one half of a duplex. Kitchen, bathrooms, floors primarily and some additional items like closet doors, paint some landscaping. Would appreciate any good recommendations.

thanks,

Hello, did you ever get a response to this? Considering these figures all end up totaling one value, would it make a difference if you put the shared/non-property related costs under one unit or perhaps split it across all 6(more effort though).

Like many before me have stated, being responsive goes a long way. Repair issues quickly and anything that might need more time, try to keep the tenant in the know. Gifts help, you can even give a one off credits for any reason you like (eg: tenant birthday etc). Even as I took a tenant to court for ultimate eviction, I still went to replace an old water heater that broke. They left before eviction was to take place, but they didn't trash/damage the place. Good will still works even if you are a large scale landlord, it just might not be more routine/scripted/formal if you will. 

Do you have a service call fee in your lease? If so, start charging. Also certain requests are not mandatory so perhaps let the tenant know upfront you can perform the task but will charge them for it. Hopefully these two options help.

Been using it almost 3yrs so some initial loans are being paid off. As many said 1yr ago and is still the case, defaults are rising. Was good initially, but at the rates I'm currently at (appx 5%) it is no longer worth it for me as an investment vehicle. Will be cashing out over the coming months, still Positive though (for now).

thank you all for your feedback. I'm definitely not trying this myself, but wanted to know what other considerations to think about.

There are many options, some more useful than others depending on how many properties you own. As Lynda above mentioned, Cozy is one, tenant can deposit in your account (but that's also a hassle for tenant), various FinTech Apps like Cash App, Paypal, Apple Pay Cash etc. There is Quickbooks. All these options allow the money go directly to your account without the hassle of going to pick up the rent, then depositing it yourself. There is also the safety aspect of it.

Hope these options help.

Hello BP,

I have a situation where a tree on the property line may need to come down. The fence that also separates my property from my neighbors runs right through the tree (or more accurately the tree grew through the fence). The tree definitely predates me, and by the size, possibly the neighbor as well. From a responsibility standpoint, who "owns" the tree and thus cost to cut it down? Is it a shared responsibility?

Thoughts?