Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Peter Hankyu Wi

Peter Hankyu Wi has started 0 posts and replied 1 times.

Hi Willie, as a former tenant under you, almost everything was good.

The roommates were very kind, but everyone knew that you are not a very good manager. You have owed utilities over $8000 to an utility company, so we had to live without water for 2 weeks. Everyone wants to move out as soon as possible.

Thankfully, I have moved out last month, but you haven't returned my deposit yet. You even changed your phone number and email, and didn't even share your new contacts to anyone who live in your property. I've called you and messaged you multiple time through iMessage, but you have never responded to me. So, I am politely asking you - please return my security deposit. I didn't know that I had to sign up this forum to talk with you.

There are several things that I would have done if I were you:
First, calculate how much your monthly income and expense. I think you underestimated the monthly expense, and overestimate your income.
Two, don't include utility into the monthly rent. Utilities can be a lot, so this needs to be split by tenants.
Three, build your trust with tenants. Whenever you need helps, you have messaged tenants and even called them so often in work hours. However, whenever we need your attentions, you have delayed responding to us.

Four, don't borrow money from tenants. To prepare unexpected expenses, you should have saved some cash to handle the cases. You have borrowed too much money from tenants with promise of waiving a few months of rent, which I think was the biggest mistake you have made.

You have broken so much trust between landlord and tenants relationship, but it was a great lesson for me. I've purchased legal assistance via MetLife, and I have requested my company HR to get additional legal assistance. If you don't want to deteriorate this situation, I would like to ask you to apologize for this and return my security deposit.