All Forum Posts by: Account Closed
Account Closed has started 5 posts and replied 123 times.
Post: How often do you do a walk thru "inspection"
- Chicago, IL
- Posts 136
- Votes 32
Poll answer:
The one who paid on time, because I keep the deposit if they mess the place up and I can't be late on my bills so I can't have someone a week late consistently, that's just plain disrespect. I don't care if you don't do your laundry or dishes but we better be square come the 1st.
Post: Student Rentals, Some Myths and Facts
- Chicago, IL
- Posts 136
- Votes 32
@Robert Nunez Great tips! Definitely not fun dealing with parents who are themselves having to deal with teens who are living "on their own" for the first time lol. As a parent I don't blame them but wouldn't want to deal with that as as landlord.
Post: VA loan, LLC and interest rates.
- Chicago, IL
- Posts 136
- Votes 32
Wow I never thought of using my VA benefit to buy a 4plex. I know they are real strict though in that they want you to be living in it. I don't suspect you could transfer it to the LLC but honestly I don't know and now I want to find out :)
Post: Need some help here with tenants. Serious problem. Please!
- Chicago, IL
- Posts 136
- Votes 32
Originally posted by @Tom V.:
Damn that takes some balls.
This is a great example however of how you can't give 1 tenant an inch because then everyone expects a mile.
Post: Late Fees
- Chicago, IL
- Posts 136
- Votes 32
Originally posted by @Kyle Hipp:
This right here. Gotta get that daily penalty otherwise it's no difference to them.
Post: Self help eviction penalties
- Chicago, IL
- Posts 136
- Votes 32
Originally posted by @Purnell C.:
+1 on the screening. [Full disclosure, I own a screening company], but screening is the best indicator of how your experience will be with any given tenant. Someone who didn't pay their bills yesterday won't pay them tomorrow, and someone with a criminal past is usually more trouble than they are worth. Screening is worth it's weight in gold and costs you nothing to do.
Post: Self help eviction penalties
- Chicago, IL
- Posts 136
- Votes 32
Originally posted by @James Wise:
He hasn't been to jail YET and has been fixing doors for years.
I'm sure his time will come. Pretty funny hearing the stories though.
Most states require 48 hours notice before entering even for repairs.
I used to have a guy that did some general handyman stuff for my properties in a very bad neighborhood. Real big, white beard, real big pistol on his hip (open carry is legal in CA, YMMV). That shaped em up real quick and they shipped out!
Post: Joys of renting and random ramblings
- Chicago, IL
- Posts 136
- Votes 32
Originally posted by @Account Closed:
I have a for rent sign out front of house and they call.
If I put up a paper at a store or gas station it has the info on it . When they call I ask a few things and try to show it to as many as possible Everything is in smallville ,where everyone knows about everything.
I do stuff the Stone Age way
Man you really need to be checking credit and criminal history etc. Without screening you are in for a world of hurt one of these days. It only takes that one a**hole tenant to ruin your cashflow for the year.
Post: Dogs Issue
- Chicago, IL
- Posts 136
- Votes 32
Originally posted by @Derek W.:
While this post may seem like a joke, I would actually second doing this. Literally just move them back onto his property in a fashion that makes it clear whats going on. Then when he asks say "Well you are ******** on my doorstep so why can't I **** on yours?" with the straightest face.
Its confrontational but I can guarantee the dog poop won't be an issue anymore. If this is in a low income neighborhood than don't do this but in the suburbs most neighbors will choose the path of least resistance and just not let their dog poop on your property anymore.
Post: ?I am honored to be named as one of 10 Financial Leaders in Indiana in Forbes Magazine.
- Chicago, IL
- Posts 136
- Votes 32
Congrats @Steve Lawson !