All Forum Posts by: Orrett Lawrence

HI Melissa-  I would recommend you contact a few property managers in Bluffton SC to get some recommendation. 

Arvand- Thanks for taking the time to read and respond to my post. I have file a suit for back rent.  I sent the summon via certified mail but the tenant has not pick up the mail. In Cumberland county NC, the Sheriff office is an option and certified mail. I am search for an eviction lawyer but base on the court date and I am having a hard time finding an lawyer.  A

Hi Kim-  Thanks for taking the time read my post. Yes- I had the tenant sign a short term lease. Base an NC tenancy law, after 14 days they are considered a regular tenant. They send payment via "Cashapp".

Hi all,

I am in NC, I have a SFH that support the STR to MTR market. I have a MTR guest that has stop paying and refusing to leave even after I sent him a demand for payment or leave the property.

What's the most effective means of dealing with this issue?

I have started the process to sue for rent ( waiting sammons to be served via certified mail, Sheriff office is backed up). Court date is in Jan. Also client is not responding to phone calls/emails.

In the mean time, what else can I do to remedy the situation?

Looking for alternatives.

Hi Sean O'keefe I would like a copy of the real estate professional logbook.  Thanks.

Hard pass. Find someone else. Its not worth it.

Hi Alex, Your situation is not unusual, I see this happens often. If I was face with your situation, I would pay the shortage upfront now rather than taking a year to pay it month by month in case you will plan to borrow in the near future. You don't want to have an investment property that has a negative cash flow, it's not an advantage. I would also look at the current interest rate and term to see if that's a lever I could use to change the cash flow situation. I would also look at my Insurance premium and try to see if I can get something cheaper. Other options I would consider is renting each individual rooms (this generally increase the monthly cash flow vs renting to a single person). Depending on location, you can go mid term rental target traveling nurses/ business travelers (if you are subject to HOA rules check that first to see if its allowed). Are you using a PM, you can automate or become your own PM for a while, Are you charging a premium (additional $50) for being on a month to month lease instead of standard year lease. Each of these are just levers that, when combined, could change your cash flow gap. You can find a solution.

Thanks for all your input and view points. Its greatly appreciated. 

Hi Shan- Did you rent through AirBnB or VRBO or some similar platform? If you did, file a claim them. (have photos of events and invoices (to show your expenses).  If this was a person to person, then you might have to use small claims court to recoupe some of that expense. Question for you, does going down that path worth your time?  

I am by no mean an expert on how to proceed, these are just a few options I would consider.

I am real estate investor with a focus on building a portfolio of SFH and Multi-family apartments primarily along the East course . I have SFH rental properties (STR & LTR) and now looking to grow my portfolio. I have a growth mind set and want to learn and share through every opportunity.