All Forum Posts by: RJ Dixon

@Karen F.

It was reported to us today that the neighbors on the right are feeding them I'm not sure how much of this is true. I also been told today that the neighbors on the right are posing them. I would never rent knowing the rats were still in the property because I would have to deal with something like this. I keep clean great properties this just threw me for a curveball. It's hard in HOA when you don't just deal with your own outside walls and have to deal with other people. Thanks for your input

@Wesley W.

I told her I'm the property manager and the HOA lady her I'm the owner which I don't think is her information to give out. So she said that. But I'm both ? Lol

@Thomas S.

My mistake was sending them to the HOA office which I thought would make sense so they can figure what time they would be home and schedule times. I also forgot to mention that this girl is a "law student"

@Matthew Paul

Both

@Karen F.

I appreciate your honesty. As previous it was earlier in the year when I occupied the unit. They did about a 3 week treatment and the problem was no longer. The previous tenants did not mention rodents. After the previous tenths left I had the unit professionally cleaned and I also checked the property for droppings. The property sat vacant for 1 month and no signs of activity. I have had problems with a connecting townhouse feeding the rats.

@Thomas S.

Thanks. As in my lease I also have the tenant has 7 days to move in and conduct a Inspection of the premises and to note any deficiencies or inoperable appliances. They notified me 3 days into the lease ? Would this allow them to be released ?

Hello BP !

My question today is I'm in a bit of a pickle. I currently rent out a townhome. This townhome was previous treated for rats. I recently turned over this property and have new tenants in place. The tenants are now wanting to move out one month in. I have no problem treating the rats as HOA covers that. I tried to send them to the HOA lady herself to schedule it but the tides turned. The HOA lady loves to talk and gossip and told my tenants that the house was previous treated. Now they are saying i misrepresentation the home and threatening to sue, if I don't release them from the lease and give back the security deposit. I have also answered there every call for basic maintenance. Sent someone the next day each time. I pride myself in having a nice clean home to rent out but rats happen especially in Florida. Any Opinions on how I should handle this matter ?

@William C.

Nobody made me but the title company checked.

@William C.

Thank you for your response. I had to make sure the correct permits were pulled for the windows and added square footage was accounted for. (500sqft) I tried to get conventional loan but since the property needed a new roof and had no fixtures we had to go hard money. The one quote I received is for 8% for 6 month lend up to 80% as is or 75% ARV with rehab 3.5 points no prepaid penalty. Just using these numbers it seems to be less out of pocket if I used conventional. I'm going to contact a couple more HM lenders to see what the numbers are in my area. Also using the broker I had from my previous deal and the original person I used for this deal he has a cash out refi for me but requires 6 month seasoning. At least I have the back end set. I will be calling around all this week to make sure the numbers are right. I have also had another deal come to me that also needs work. 4/2.5 townhouse for 75k what will rent for 1500$. HOA is 293$. Not sure of rehab until I enter the property on 2 photos. I'm not a big fan of HOA but in the area I'm in the numbers make more sense at least for cash flow. Should I try to balance another deal on top of the current deal ? My first rental is in the same community so idk if I would want another townhouse or another townhouse in the same community? Thoughts ? Thank you everyone for the time and experienced knowledge.

Thank you for all the tips and help. I ended up getting 2 more estimates. The general work without the roof was 5-9k and roof was 8-10k. The first GC might have been just trying to take advantage. I guess the best approach is to get multiple estimates and also examine previous work by the contractor you would like to hire. So looking at about 20k rehab but I still have my numbers in for 30k of work. I am officially in escrow. I will send an update after it’s all said and done. Thanks again BP!