All Forum Posts by: Account Closed

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.

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@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.

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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 :)

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Originally posted by @Tom V.:

tenants told us they don't think it's fair that the 3rd floor "got away" without paying rent, so they're not paying either. They said "evict us if you can still afford it".

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.

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Originally posted by @Kyle Hipp:

rent is due on the first and I can issue a pay or quit notice on the second. Late fees start on the 3rd with a $25 fee. Starting on the 5th, $5 additionally is charged per day. I have the daily fee so there is some urgency. If it is just a lump sump percentage on the 5th, they have no incentive to pay on the 5th and might as well wait until the 15th. That is how I work it.

This right here. Gotta get that daily penalty otherwise it's no difference to them.

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Originally posted by @Purnell C.:

Thanks James, that's what I'm thinking. I can see doing something like that repeatedly would be silly when all he has to do is screen better. But for those who screen and check but things go wrong, really just allowing a tenant stay for months or years seems wrong.

+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.

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Originally posted by @James Wise:

there is a guy out where I live. He invests in the Ghetto. Whenever someone is behind in rent he always takes the time to "inspect" their front door. If it is broken he kindly removes it and takes it to his shop to "fix". He usually finishes it after they pay the rent.

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!

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Originally posted by @Account Closed:

@Kyle Hipp I had to search on BP for prescreen : )

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.

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Originally posted by @Derek W.:

I've had this happen before. Without a single word of conflict,threat, or otherwise, I picked up the poop in a shovel and left it in a pile on his door step. I did it each time I found the poop. Magically the pooping stopped after 3 days.

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.

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Congrats @Steve Lawson !

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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"

Post: Student Rentals, Some Myths and Facts

Post: VA loan, LLC and interest rates.

Post: Need some help here with tenants. Serious problem. Please!

Post: Late Fees

Post: Self help eviction penalties

Post: Self help eviction penalties

Post: Joys of renting and random ramblings

Post: Dogs Issue

Post: ?I am honored to be named as one of 10 Financial Leaders in Indiana in Forbes Magazine.