All Forum Posts by: George Paiva

I had a good chuckle when I saw that show a few times. I kept thinking how do these guys even survive to make a living rolling the dice on property buys. They don't even take the effort to see inside or some cases the back yards. Then the bidding seems like they are playing playground rules or something.

It is funny but most likely has to be fake. I bet any of us here in BP can run circles around these guys with the knowledge we possess.

NEVER tell anyone you don't know you are the "owner". You are the Property Manager. Never open yourself to that liability.

If this is a professional in the real estate field tell them you control or have a controlling interest in the property.

I am sure some of the lawyers will step in here. My lawyer buddies indicated never tell anyone you are the owner of anything.

I was looking into do that for a triplex last year. When I was sourcing reconditioned units from a service provider I was talking to a technician and basically they pointed out that for 3 units you really won't be making any money. He indicated you need 8+ units. I ended up providing 3 sets of used washer/dryers (I already had 2 sets) and located them in the basement with each tenants electric utility hooked up. Of course the water we pay so it becomes more of an amenity like Kyle suggested and I price it into the month rent.

Send me your email address and I will forward you a guide for Laundry in Multi's.

Here's the setup I did last fall -

Can't take the credit, was searching for tips on tax breaks for Landlords and happened upon this link - http://www.nolo.com/legal-encyclopedia/top-ten-tax-deductions-landlords-29497.html

[Text of Article Removed]

Family Business. Grew up landlording and my Dad was a general contractor as well. I guess you can say I was groomed to be one.

Fast-tracked to Landlording because Dad passed on over 2 years ago and started managing (8 units, 3 properties). Liked it so much that I bought 4 unit property last February.

Looking to continue adding multifamily properties to my portfolio for cash flow. I am a long term buy and hold. Want to retire in 10yrs!

The only reason I am continuing the family tradition of landlording is so I can retire. I plan on doing this till the day I die.

Although I doubt I will be an old timer. The old days of landlording are gone past. Today's landlord has to be very proficient in tenant rights and laws. The Future landlord will need to continually reinvent themselves in order to continue cashflowing $$$.

That Google link provided a bit of detail on the Landlord process for OHIO to evict. I am afraid I can't find much info so you may have to get a lawyer or spend time with the Court Clerk to understand the process.

What a Landlord Must Do to Legally Evict a Tenant
1. A landlord must give you a “Notice to Leave the Premises.” A
“notice to leave” is a written statement from the landlord telling you to move out.

2. Your landlord must wait at least three business days after
giving you the notice to leave the premises before he or she may
legally file a court eviction lawsuit. Once the eviction lawsuit is
filed, you will receive a summons and complaint which will give
you information about a court hearing. The court hearing may be
scheduled as soon as seven days after you receive the summons and complaint.

You will receive a copy of a "Summons In Action For Forcible
Entry and Detainer," and a Complaint, which will give the reasons
for the eviction. The summons will also state the date, time and
place of the hearing. Go to the hearing. If you do not go you
probably will be evicted.

3. At the hearing, you and your landlord will both be able to talk
to the court, so the court can hear both sides of the story. If the court agrees with the landlord, an order of eviction will be issued. If the court agrees with you, the case will be dismissed and you will not be evicted.

4. If the landlord wins the lawsuit, you will have to move. The
court will often give you 10 days to move, but sometimes less. You
should ask the court for the full 10 days. You can ask the court for
more than 10 days to find a new place, but usually only the landlord can decide to give more than 10 days.

5. If you have not moved out within the allowed time, a court
bailiff, police officer, or deputy sheriff can legally remove move
you, your family and property out onto the curb.

ENJOY -

Ohio State Legal Services Association
http://www.ohiolegalservices.org/public/legal_problem/housing/landlord-tenant-issues

Ohio fair housing organizations
http://www.cohhio.org/resources/fairhsg.html

Legal services
http://www.abanet.org/legalservices/probono/directory/ohio.html

Ohio Legal Assistance Foundation
http://www.olaf.org/

Cleveland Tenants Organization
http://little.nhlink.net/nhlink/housing/cto/

Fair Housing Advocates Association
http://www.fairhousing.com/

John Marshal Fair Housing Legal Support Center
http://www.jmls.edu/fairhousingcenter/index.shtml

http://www.google.com/url?sa=t&rct=j&q=&esrc=s&source=web&cd=3&ved=0CFsQFjAC&url=http%3A%2F%2Fwww.ohiolegalservices.org%2Fpublic%2Flegal_problem%2Fhousing%2Fohio-landlord-tenant-law-what-you-should-know%2Fohio-landlord-tenant-law-what-you-should-know&ei=5Y5vT8H6A6KU2wXa6fjxAQ&usg=AFQjCNGJYkfzzo9zE-zlkrbAerKqYJhhig&sig2=LZ2zbsT9o3lCA8ifK6XCXw

Kel, I am in CT so your experience may vary.

I recently (1/9) had a default for failure to appear from the court house for a Tenant not paying rent since November. The tenant has 5 days to get out or the Tenant can prolong the stay up to 3 months if and only if they pay all back rent to the court and continue paying the rent to the court.

On (1/16) if the tenant has not vacated, I go back to court to gather a Summary Process Execution form to give to state marshal where they would post on the door indicating a forcible removal from property in 24hrs.

My Case:
http://www.jud2.ct.gov/housing/display_docket.asp?dno=WASP-049496
CT Landlord Eviction Process - http://www.jud.ct.gov/Publications/hm014.pdf

I just mailed out this notice to the Tenant:

YOU ARE HEREBY NOTIFIED that a judgment for immediate possession has been granted on Wednesday, January 9, 2013, you have 5 (five)-day Stay of Execution, not counting Sundays, legal holidays, or the date of judgment to be vacated from the premises. Note, the 5 (five)-day execution is over on Tuesday, January 15, 2013 at midnight.

YOU ARE HEREBY NOTIFIED that on Wednesday, January 16, 2013, at approximately 9:00 (AM) the Owner, Owner’s employees or Owner’s Agent, will enter the premises to take back possession.

IF YOU HAVE NOT VACATED on Wednesday, January 16, 2013, at approximately 9:00 (AM). We will call the State Marshall to physically remove you from the premises and your possessions and personal effects they will be removed by the marshal and stored your expense.

My Process started on 12/11 with Notice to Quit. Keep us posted on your experience. It will be a roller coaster ride, especially with a professional tenant. ;) Just stick to your guns on "non-payment of rent" don't bend not one bit and once you start the court proceedings do not accept any partial payment as it will negate any current proceedings and you will have to begin all over again with notice to quit.

Most towns if not all in CT are 5 years but not at the same time. In the past they used to be 10 years I believe. Again this in CT so YMMV.