All Forum Posts by: Sada Rafi

Pat, I have been managing my properties for a long time and stayed away from management companies for the reason of them not being diligent and prompt with everything from leasing to maintenance, etc. Not indicating they all are like that but majority of them. If you don't fall into that category, will you tell me about your service, fees, etc? 

Dan,I am in the triangle area. Would he cover this area?

Where do you guys suggest posting a property for arbitrage? As a long term landlord, I am new to any other methods and a little hesitant but would like to give it a try if the numbers and partnership is right.

Hi, would you share what this is and how I can get more info? I am trying to market my rental, thanks

Quote from @Nathan Gesner:

Quote from @Sada Rafi:

As I mentioned, this is their second month in a row they don't pay on time and I have sent the 10 day to pay or quit eviction notice each time. What they do is they wait and just before the 10 days is up send the money in full with late fee. I have not excepted their money this time and considering to pursue the eviction, simply because most likely they are going to repeat this for the next 3 months they have left on their lease.  Can I do that? The lease however, says I would give them 60 days notice to leave. 

I'm wondering if they are going to not pay the last month and just leave. I have their security deposit which I can keep for unpaid rent but only if there is no major damages eating that money.

Can I still evict or just move on and hope they don't repeat next month?

Question: what would you lose if the tenants fail to pay their last month of rent?

Answer: after applying the deposit to the unpaid rent, you will be out the cost of cleaning and repairs. 

Question: what will it cost you to evict the tenant?

Answer: even if you win (and that's a big if), the tenant probably won't pay last month's rent, and it will cost you court filing fees, your time to file and appear in court, and the cost of cleaning and repairs.

You want rent and the tenant paid rent. There's almost no financial benefit to evicting them. It feels like you're doing this to be vindictive, not to protect your income.

thanks Nathan for your input! My understanding is that the court fees are tenants responsibility in the case when landlord wins. It's clear that they most likely won't pay the last month rent and I can handle that and don't see a point why a landlord would go through court hassle to get it.  My concern is that they repeat this next month and at that time I send another notice but it is also the time I need to send a note to tell them they're lease is up in 60 days (mentioned in the lease) and they need to prepare to leave by then anyways. I don't want to send them another note to ask them to pay or leave, but to leave. Can I terminate the lease now, or do I have to go with the lease terms which is 60 days notice? Can this habitually late paying overwrite the lease terms? 

As I mentioned, this is their second month in a row they don't pay on time and I have sent the 10 day to pay or quit eviction notice each time. What they do is they wait and just before the 10 days is up send the money in full with late fee. I have not excepted their money this time and considering to pursue the eviction, simply because most likely they are going to repeat this for the next 3 months they have left on their lease.  Can I do that? The lease however, says I would give them 60 days notice to leave. 

I'm wondering if they are going to not pay the last month and just leave. I have their security deposit which I can keep for unpaid rent but only if there is no major damages eating that money.

Can I still evict or just move on and hope they don't repeat next month?

I have a tenant who has been late in payment almost every month. Last month he didn't pay until I sent him Eviction notice (10 days to pay or quit) letter. Then he paid the next day. This month he is late again, so I sent another Eviction notice letter but he is sitting on it and no sign of payment. It has not been10 days yet he has 3 more days to pay or leave. 

My question is what if he pays and repeats same next month? Their lease is good for another 3 months. 

How many times I can send these letters and can I just evict them anyways? I know if they pay, I can't ask them to leave. What is my next step? thanks in advance.

One out of 3 roommates is leaving and being replaced by another person. They each paid sec deposit and pay rent separately.

There are some minor damages in the common area of this single family house they live in. Her room has been switched during the two years she has lived here and now that she has left I have inspected it and some carpet and blind and broken frig door have been noticed. Of course none claims responsibility. So question is how to handle the return of her sec deposit? Do I estimate the cost of that and split between? But the other two one is new and the other still lives there. Thanks for any advice you could offer.

@Brian Simmonds

No need to have a separate act for each unit. Open an act like trust act and have all deposits and rental income going into this including expenses. Each month you pay yourself income out of this to your personal act.

@Jaime Soto

Yes, you can put all deposits and all rent money into this trust act. You open a checking act under the name of your business it could be own name and attach management to it and have it only for the purpose of handling your rentals meaning your expenses of rental properties as well. No personal money goes in it. Then you can pay yourself each month out of this act to your personal act.

Hope this helps.