All Forum Posts by: Rob S.

@Tom Valichka I wouldn't worry about this unless it becomes repetitive. In fact, I would like our tenants to report any water leak or sign of water leak even if it ended up being their fault. Unless the false alarm repeats, I would let it go.

@Phil Mcnally Though difficult to come by, we get 1% properties sometimes more than 1% all in (purchase and repair) in the City of Portland in Oregon and Portland metro but these are not move in ready properties... they are fixers, and most times you need to pay cash and close quickly, but they do exist.

@Account Closed No legal advice here but this seems like a nonsense frivolous lawsuit from a professional tenant. As long as you have documented proof that those conditions were not existing when the tenant moved in (move in inspection check list would proof this if you or your management company did the move in inspection) and that tenant denied you access to the property to make repairs, I don't see this going anywhere. But you must present documents to refute the tenant's claims. 

And never let the tenant or any party involved know that you are afraid of the outcome. In fact, don't even let your defense attorney know that you are afraid. Be positive and strong, gather your documents and insist on this being thrown out of court for lack of merit.

This is why I advise every Landlord to read and master their local Landlord/Tenant Law. If you don't, tenants like this will have a field day with you. Good luck!!

@Matt F. Use periodic inspections to train your future tenants on your expectations of cleanliness and property care. Repair all damages found during your periodic inspections and bill the tenants immediately for those damages caused by them. Your lease should include the periodic inspections and require tenants to pay for the damages immediately upon receiving the bill. This will eliminates a good amount of problems like what you have with these tenants.

@Levi Kruse For this inherited tenant, I would echo what at @Michael Hayworth said. For future or prospective tenants, adopt a pet/animal policy for every tenant including requiring local licensing/ID tag (some counties/issuing agencies will require up to date rabies vaccine before issuing the license/ID tag plus there is a fee to be paid), renter's insurance with no exclusion of the pet/animal's breed, neuter, annual vet examination of the pet/animal and up to date shots with proof sent to you etc. I bet that those tenants trying to game the system will not be able to meet or abide by your pet/animal policy, then don't accept whoever doesn't meet your pet/animal policy. If you adopt a pet policy make sure to add "animal" as service/emotional/companion animals are not deemed pets. Example: "Pet/Animal Policy". And the pet/animal policy must apply to all tenants not some. 

@Tony Castronovo It depends on what the law says in your jurisdiction. You may want to check your local landlord/tenant laws. For example, in Oregon you can't deny an applicant based on an eviction from 5 or more years before the application

@Chris Mason: Ok... I brought up the rate and term refinance so that readers who are unfamiliar with the BRRRR strategies know that they can achieve same or similar goal by using the subject property as collateral for the loan and not their primary residence. And unless Fannie Mae recently changed their rules again, I think the rate and term refinance can be done without any seasoning requirement

@Steve Hansen Washington Federal will do lot loans If you show qualifying income from your self employment

Congratulations! @Ori Skloot

@Chris Mason Just wondering if a rate and term refinance(Fannie Mae's limited cash out refi) would have worked in this situation assuming the loans from Ori's friends were secured by the subject property. 

@Joanna Gossett Ask at small local community banks and credit unions in your area. You should be able to find one that will do up to 10 properties conventional financing per borrower.