All Forum Posts by: Preston Seo

Looking for recommendations for plumbers, electricians, and handymen in Davis county as my property I recently closed on is in Layton. Even Weber county or Salt Lake county if they are willing to drive to Layton. Biggest need right now would be a handyman that can do little jobs here and there.

Thanks in advance!

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Ok, I appreciate the advice. So their lease states “The party seeking to terminate the lease must give the other party 30 days notice or must provide notice according to the applicable state law for month-to-month tenancies”

Does this mean if I were to give the non-rewenal notice 9/12/2018 they have to leave by 10/12/2018? Or would I need to give them until October 31 to move out?

Originally posted by @Blair Poelman:

@Preston Seo When you buy a property with a tenant you have to honor any existing leases - so do whatever the lease says you will do.

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Thanks for the reply, Blair. So their current lease states either tenant or landlord needs to give at least a 30 day notice to terminate the lease. Can I still give them 15 days? Or do I have to adhere to the lease of 30 days

Originally posted by @Blair Poelman:

Utah is a 15 day notice state.

You can get a notice form here. https://www.utcourts.gov/howto/landlord/docs/15_da...

I would assume you can use your own form, however any time you can use a state/court approved form, I recommend you do.

The 2nd page has info about serving.

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Originally posted by @William Hochstedler:

Make sure you follow any notice requirements in the lease.

I agree with @Brad McBride. Why not move in, get your footing and get to know your tenants? Your tenant paying under market may be an excellent tenant in every other way. You're going into winter. There may be undiscovered issues with the unit. An under market tenant may not be your biggest problem.

I'd recommend easing into landlording and getting your systems in place rather than cleaning house and risking Holiday Season (and winter temperature) vacancies.

Hi William, thanks for the reply! Per my reply with Brad, the unit I plan to occupy was tested positive for meth, which is why we're trying to get those tenants out and clean the unit ASAP. We figured we would rent out the rent ready unit. We do have a place to stay at while we rehab the "meth" unit.

Do you by chance have any advice to my original 3 questions?

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@Brad McBride Hi Brad, thanks for the reply. So the unit I plan to occupy was tested positive for meth, which is why we're trying to get those tenants out and clean the unit ASAP. We figured we would rent out the rent ready unit. We do have a place to stay at while we rehab the "meth" unit.

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Hey guys just a newbie here needing some advice.

So I'm currently under contract for a small multi-family in Davis County, Utah which you Utah folks already know is about 30 minutes north of Salt Lake City. There are currently 3 units that are occupied and one that's vacant (I will be renting this unit out). My wife and I plan to house hack one of the units where the tenant is paying under market value. We've both read Brandon Turner's How to Manage Rental Properties and will be landlording for the first time while we live here.

They are all on month-to-month contracts and I close next week on the 12th.

My question is this, and I know it'll seem pretty simple and easy I just want to make sure I go about it the right way.

My understanding is that I can give them a 30 day notice to vacate.

Do you any of you have a form you recommend me using for this?
How do I deliver it to them, is it as simple as posting it on their door or hand delivering it to them?
I'm confused by some of the stuff I've read that if I don't give it to them the notice by the 1st of the month, and since I will be giving them the notice essentially on the 12th that I will need to give them until the end of next month so until October 31st, is that correct?

Thanks in advance, we would appreciate any responses!

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Originally posted by @Caleb Rigby:

Hey @Preston Seo, you should contact @Jeremy Peterson with Vesta Real Estate and Property Management.

I’ll definitely message him. Thanks for the recommendation Caleb!

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Hi everyone,

I'm looking for some Property Management recommendations in the Davis county area, specifically near Layton, Utah. If anyone has someone they recommend please let me know.

Thanks guys!

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Originally posted by @Collin Baumann:

You’re story sounds pretty close to mine. That’s awesome. My wife and I are looking for a 2-4 plex to house hack. Primarily a four-plex. It’s definitely a hot market but I do believe there are plenty of deals to be had. Just based on real estate conversations I’ve had with just people in general, I think there are a lot of unhappy landlords so pursuing something off market through direct mail, or cold calling may be worth your time. That’s what I’m going to do. We just got funding squared away so we are going to try some of those off market styles and see how it goes. We should keep in touch.

That’s awesome man! I agree with what you said, I’m almost done with my funding as well. Definitely let’s keep in touch, Let me know how your search goes!

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Originally posted by @Lane Kawaoka:

Preston Seo I think one thing you are going to run into is that the rent to value ratios in silicone slopes isint going to work as being a passive invest. Much like when I was investing in seattle or any other primary market like San Francisco.

If you are going to do the house hack thing or small mfh. Do it now while you are young cause it’s sorta lame way of living.

Thanks for the advice Lane! I do agree House hacking will definitely be easier now than later when I have little kids running around.

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All Forum Posts by: Preston Seo

Preston Seo has started 4 posts and replied 16 times.

Post: Need Recommendations - Contracts/Handyman

Post: How to give notice to vacate in Utah | Advice needed!

Post: How to give notice to vacate in Utah | Advice needed!

Post: How to give notice to vacate in Utah | Advice needed!

Post: How to give notice to vacate in Utah | Advice needed!

Post: How to give notice to vacate in Utah | Advice needed!

Post: Property Manager Recommendations in Davis County

Post: Property Manager Recommendations in Davis County

Post: New investor. Salt Lake City, Utah. Focused on Small Multi-Family

Post: New investor. Salt Lake City, Utah. Focused on Small Multi-Family