All Forum Posts by: Mike Alder

Hey @Account Closed

Great story with a better ending! Congrats on the profitable deal! I always joke that the infomercials never told be I'd be a high paid babysitter when I decided to become an investor! Thanks for sharing!

Hey @Account Closed

Thanks for all the feedback! I do appreciate it!

Hey BP Family,

Here is a fun investing story for you! My partner and I did not do a great job screening a tenant before we let her move into the upstairs unit of a duplex we own in Cleveland Ohio. 

Immediately there was drama and as the first of the next month came up she was short on rent. The following month I filed an eviction. It was a slam dunk in court (which she actually showed up for) the judge gave her 10 days to get out.

Before her move out date she called me and told me she was out and would surrender her keys to me, I thought this was too easy. I drove to the property to meet her son who gave me the keys and requested I return their security deposit to them.

After explaining to this ballsy douche bag that you don't get security deposits back after being evicted he left the property.

Here is where the fun begins!

A few days later my partner calls me in a panic that this crazy tenant was back at the property. She was actually squatting with her son in the downstairs unit leaching off that tenant. We technically couldn't do a thing about it but this tenant wanted her out after a few days but didn't want to be a bad guy about it.

Our solution was to pay the downstairs tenant $250.00 to move out within 5 days and this forced the nightmare tenant off our property. The downstairs tenant was all about it as he wanted a fresh start and we now have the ability to remodel & acquire better tenants.

Let me know if you have ever creatively removed bad tenants from your investments before

Hey @Leigh Ann Smith

I think you have a great strategy in mind starting with trailer mounted houses! If you take action on this strategy please let me know and I'll update when I break ground on my first tiny house. I look forward to hearing more about this!

Hello BP Family,

Does anyone in the group have experience building or living in these super cool  "Tiny Homes"

I'm brainstorming a strategy for 2016 and looking for some feedback on the subject. 

Thanks!

Thanks Karen!

I'm looking to connect with owners of multiple vacation rental properties in the south and south western parts of the US.

I have a series of questions for an upcoming project I am working on

Thanks

Thanks @Joshua McGinnis 

If you need feet on the ground in Cuyahoga County let me know! I'd be happy to help!

Great to hear @Christopher Salazar 

Please share your results with me! 

@Shawn Mcenteer @Jay Hinrichs @Sean Cronan @Patrick Britton 

I appreciate everyone sharing! The reason behind the post stems from a 1 day seminar I attended to back in 2006 where the speaker shared all his "cutting edge techniques" I purchased his course materials $1,000.  I opened up the course when I got home and 90% of the material was literally photocopied from Ron Legrands course. I promptly returned as I already owned it since 2002 lol!

I was just looking to see if anyone had similar funny stories