All Forum Posts by: Eric Blackford

Which just goes to show that a deal should be talked about and an agreement reached on compensation before giving the green light.

erentpayment(dot)com. Allows better control of receiving payments. If you are in a nasty eviction proceeding, the tenant can screw things up by making a deposit directly into your account. With a service, you can shut down receiving payments.

And I would further add that, even if property management can be done in your area without a real estate license, hire a PM that is a real estate broker or is licensed with a real estate broker. There are just too many advantages to list here in working with a property manager who is licensed to sell real estate.

Impressive.

I would bet that once they find that the house is a rental, they would deny any claim made.

From another standpoint, you will have a tenant who is obligated to stay in the property for another 8 months and you want to throw them out? If the tenant is paying rent on time and if the renovations aren't necessary, why not wait until the tenants leave on their own? Just curious.

As for getting them out, agree that your best bet is to get a lawyers advice. There are way too many moving parts on this that have the chance to bite you in the backside.

Agree with comments here. Don't do any testing. Any negative findings will obligate you to disclose on all future rentals or even when you sell. The soil is a non-issue and the paint inside is covered by the required pamphlet. Tenants such as these are just not worth the hassle.

You said "From my experience, dual income, blue collar family with kids are best." That is a statement of profiling. If you don't think so, then please don't argue here, just call the local Fair Housing office and be sure to tell them what you said here.

Again, IF you discriminate based on kids and/or the number of kids, you are subject to the big hammer of the Federal Fair Housing Act falling on you. Even discussing it here is dangerous ground. And, you did say that you do it.

Make sure that the company that gives you the lowest estimate is licensed and INSURED. I've found that any Schmoe with a chainsaw and needing a few bucks will give you a great price but, when things go bad, they are gone. Also, DON'T give any advance payments. That is another sure sign of a weak company.