All Forum Posts by: Ronan M.

I would still serve the 5 day notice. Just because he gave you his 30 days notice does not actually mean he will or intends to move out. Could be a stall tactic...I.E...he fools you into not evicting or starting the eviction process because he "claims" he is leaving.  If you wait to see if he is bluffing you will have lost a month.  He is 2 months past due. You have every right to start the process.

Are you holding a security deposit ?

The bank only cares what the house will appraise for. As long as the appraisal comes back close to your offer price or pre approval amount nobody will give a hoot what the carpets look like.

I have a decent Electrician. Will send you a PM.

Also its somewhat hard to figure out your numbers to be able to comment.

I assume the numbers you indicate for TAX and INS are annual numbers...but the numbers you indicate for P+I and Mortgage are monthly numbers.  Also what is the difference between your Mortgage and P+I numbers ?  You list both...but mortgage and P+I are the same thing...but you have different numbers. so you have me stumpted !!

Maybe its time for me to go to bed and have another look at this in the morning when I have my coffee in me.

This might be obvious but I will throw it out there anyway. You show both properties as having 3 income producing units each. But you say you will owner occupy 1 unit.

Are you actually going to pay the rent yourself for your unit in order to get the cash flow numbers you have indicated ?   

Court was today...what happened ?

This might not help you now but if you agree to settle and accept some money its probably considered "rent" and you may have to start all over with an eviction.

But regardless... maybe you got this all resolved today ? 

If it was a multiple offer situation don't just take the candidate that can throw the most cash at you. Take the candidate(s) that are the best qualified and best meet your screening requirements.

A coke dealer could possibly pay a few years upfront rent...but do you want to rent to them just based on that !!

Hope it works out for you.

@Kevin Farrell

Thanks for providing some professional input to the folks here on BP. Lets hope the community will be able to give back to you when you need it.

Question...how do you prevent bed bugs ? Aside from being clean and all is there any preventative measures that we as landlords can be doing to be one step ahead of these little nasties ?

Don't know the laws in TN but I don't think you can kick anyone out because so and so had an affair with so and so or because so and so left in the middle of the night and only so and so is left behind in your rental. All irrelevant I think. That's just life.

The only thing that's ground for eviction based on your post is the $1695 unpaid rent.

Just my opinion.

A bathroom vent fan that doesn't work. - you should fix that. Bathrooms have fans for a reason.

a vanity drawer with no pull out stop even though it wasn't designed with one. This could go either way. But if left unfixed it may end up smashing to the floor and then its a bigger fix.

Removal of a garage shelving unit.(should be left on site?) - Ignore. What harm are the shelves doing.

Replacing particle wood under the kitchen sink that the tenant claims is moldy... It's not mold it's just dingy.  Just paint over it or buy some of those stick on tiles or shelf protectors. Out of sight out of mind.  

Put out traps for cockroaches, of which there were none before they moved in, and we saw no evidence of when putting out traps.  Buy a few traps for them. Better safe than sorry. Its in your interest as well to have the place bug free.

Replace a leaky garden hose. Why do they need a hose ? Remove the hose. Problem solved.

Also, they broke the skylight lens when attempting to clean it... I believe they should at the very least split the cost with us.  Agree