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All Forum Posts by: Karen F.

Karen F. has started 48 posts and replied 422 times.

Post: Keep security deposit for a repair done mid lease

Karen F.Posted
  • Investor
  • San Diego, CA
  • Posts 435
  • Votes 420

Make sure you get something from a plumber stating that this is the problem.  Also, if it's a multi, and the blockage is in the main sewer line, you have no proof it's him.  But if you have the evidence, then send him the bill.  If he doesn't pay, you can deduct it from his security deposit.  But If this is the kind of tenant who won't stop damaging your property, somehow I think that you're gonna get left holding the bag anyway on this.

Whether she's on the lease or not, you'd have to evict her when she drives him out of the apartment and is left sitting  in it, not paying you rent.  Honestly, I'd tell him you don't want her because of her bad credit and recent eviction.  So tell him you're not renewing, and get a better tenant.  You'd be doing him a favor.  He may not know any of this about her.

Post: Rapid Re-Housing Father Joe's

Karen F.Posted
  • Investor
  • San Diego, CA
  • Posts 435
  • Votes 420

When we first started landlording, I noticed that some callers would start off by saying, "Are you willing to work with an agency?"  My reaction was, "Why wouldn't I?"  Well, about 9 years down the road, I can now tell you why not.

People who come in with the assistance of an agency are different from people who have Section 8.  We've had some good, stable tenants on Section 8.  Some, not all.  But EVERY SINGLE ONE OF THE TENANTS WHO CAME WITH THE ASSISTANCE OF AN AGENCY HAS BEEN A NIGHTMARE!

The tenants who have come with the assistance of an agency have always been a disaster.  They don't pay their rent.  They menace the other tenants.  They engage in criminal activity.  They menace the LL or his agent.  Even when the agency has stayed engaged (and they often just get the tenant onto Section 8, and bow out), it's still a disaster.  I've had social workers working for agencies who routinely defend their client's behavior, as if violent, argumentative behavior, domestic violence, illegal drug use, violation of lease terms, and of course, always combined with non-payment of rent, were just a "cultural" difference.  We have had to evict every single tenant who came with the assistance of an agency, always for non-payment of rent plus another issue.  EVERY SINGLE ONE!

There is a reason when people wind up needing an agency's help to get into housing.  Those reasons don't go away once the person gets into housing.  The only agency that we work with anymore is an agency housing non-violent criminals coming out of prison - essentially, a "halfway" apartment.  That agency pays the rent, and pays for any damage the ex-con does.  If there's a problem, they get that ex-con out in a day or two.  And they pay a little above market.  Otherwise, we won't ever take anyone coming with the assistance of an agency ever again, no matter the circumstances.

Sorry you are learning so quickly.  You don't evict the sublessors alone, you evict them all - the tenants who caused you this trouble, and the sublessors!  And if you know the names of the sublessors, you name them.  If you don't, you name John and Jane Doe, in addition, of course, to your tenants.  Your tenants are horrible - they have created a nightmare for you right off the bat.  I hope you took the maximum security deposit from them, and that they have stable jobs out of which a judgement can be garnished, because you're going to be going to small claims court, too, to try to get your legal fees and back rent (which of course you will not see a dime of, as soon as you file against the tenants, too, but you HAVE to - they'll pull every trick in the book on you if you let them stay.)  Better to evict them all in one fell swoop.

Post: seller doesn't want to use a lawyer

Karen F.Posted
  • Investor
  • San Diego, CA
  • Posts 435
  • Votes 420

I looked it up, and apparently it is legal in CT to sell a property without using an attorney.  But my attorney flat out refused, knowing that seller would expect him to do the work of both sides, without being compensated for it, plus he said that ethically, he just would not do it.  So I just gave up on the deal.  Seller texted me last night that they're going to use a lawyer, so now we can move ahead.

Post: Attorney/State Legistor delaying my Eviction till August

Karen F.Posted
  • Investor
  • San Diego, CA
  • Posts 435
  • Votes 420

Call the local news, story being that state rep who is also an attorney is abusing his status to make money by taking squatter clients, and taking pay for shielding them from eviction, by means of his status as a state legislator.

Post: seller doesn't want to use a lawyer

Karen F.Posted
  • Investor
  • San Diego, CA
  • Posts 435
  • Votes 420

I'm buying a small apartment building.  The owner is a realtor.  Owner says they don't want to use an attorney, that they will represent themselves.  Owner is giving some seller financing.  I'm uncomfortable with this, so is my attorney.  He says that seller must have representation.  Is it legal in CT for seller who is not an attorney to represent self for a closing, and for a seller's financing loan?

Post: No tubs, only showers. . . and other questionable design choices

Karen F.Posted
  • Investor
  • San Diego, CA
  • Posts 435
  • Votes 420

We have a 3 family that husband remodeled from huge 2 BR/1bath units to tighter 3 br/ 1.5 bath units.  He took out the old tubs, put in a stall shower in each, and the 2nd bathroom has a toilet, sink, and W/D hookups.

I wouldn't do it again.  We are able to rent them, despite the fact that the bedrooms are now small, and there's no tub, because people do like the 2nd toilet and W/D hookups in the units.  But plenty of people are not interested because there's no tub.  So I just don't get a 3 bath unit with no tub!

Post: Lower taxes to the max when selling...depreciation

Karen F.Posted
  • Investor
  • San Diego, CA
  • Posts 435
  • Votes 420

We recently ran into this issue.  That's why we did a 1031 exchange.  We didn't want to pay the depreciation recapture tax.

All C/D rentals are to people with less than perfect credit, minor records, pets, etc.  It's the nature of these properties.  People with good credit, good income, good records won't live there.  The return on investment if properly managed on one's own is higher, too.