All Forum Posts by: Kyle J.

Yep, sounds like you'll need to serve them with a written notice. Could be a 30 day, 60 day etc. It just depends are your local housing laws. (Not sure where you are located.)

Hopefully it won't cause you to lose the other new tenants that you like better. If it will though because time is an issue, you could always offer your current tenants a financial incentive of some sort to move out early. I don't really like the idea of paying people to move out, but it is an option used by some.

Just wondering what everyone else is listening to?

Any time I drive somewhere (i.e. work, the store, etc) I am listening to some kind of radio talk show or podcast. Usually, it's on real estate investing, but not always. I found that you can learn quite a bit from a lot of these shows. So much so, that I rarely listen to music any more. I figure my time is better spent learning something new, or learning more about something I'm already familiar with.

Some of the real estate shows I listen to are:

- Real Estate Today
- The Real Estate Guys Radio Show
- The Real Estate Investor Show (aka Lifestyles Unlimited)
- The Norris Group Real Estate Radio Show

I also listen to the following shows, though they're primary focus is not so much on real estate:

- The Clark Howard Show (a great all-around show with advice on investing, travelling, consumer news and scam alerts, etc)

- The Dave Ramsey Show (primarily focuses on getting out of debt - I don't agree with some of what he says, but a lot of it does make sense)

- My Power Podcast (features various motivational speakers such as Zig Ziglar, Napolean Hill, Dale Carnegie, etc)

I'm sure there are lots of others out there, but these are all at the top of my list.

(As an interesting side note, I was just listening to The Real Estate Investor Show the other day and the host - Steve Davis who is VP of Lifestyles Unlimited - actually talked about Bigger Pockets on the air.)

I don't know because I don't have any Section 8 tenants. I looked into Section 8 quite a bit though previously, and what I found is that - even though it is a federal/nationwide program - the actual administration of the program is done at the county level and subject to change and minor differences from county-to-county.

For instance, in counties around mine (i.e. Sacramento, Alameda, etc), it is acceptable and common practice for Section 8 to pay a portion of the tenant's rent and for the tenant to pay the difference. However, in the county I live in (i.e. San Joaquin), the tenant is strictly forbidden from paying ANY amount. In other words, if your rent is $1200 a month, and Section 8 pays $1125, the tenant cannot pay the $75 difference. Furthermore, if the tenant is caught paying any amount above their voucher amount, they will be kicked out of the Section 8 tenant and so will the landlord!

So essentially, in my county at least, Section 8 is dictating what rent you can charge. And that's one of the main reasons I opted not to participate in the program.

So, in regards to your question, it's entirely possible that your county could be changing their rules while another nearby county is not. There's just no consistency in the program.

Welcome to BP Jason Trapp. You might check out this thread since several other So Cal members posted there:
http://www.biggerpockets.com/forums/55/topics/72456-new-member-from-sunny-so-cal

Albert Hepp Obviously you are going to want to get the tenant's social security number AND verify that it is the correct one prior to them moving in. So why not just have your prospective tenants fill out a written application, and then run their information yourself (using a different service if SmartMove doesn't allow it)? That way you know you get the correct info, or at least it's pretty easy to figure out when they lie to you.

Personally, I list every adult on the lease. Otherwise, the occupant hasn't agreed to your lease/terms/conditions.

Just out of curiosity, are you screening these tenants that your original tenant is bringing in? Or are you just allowing the tenant in there to bring in whoever? If you're doing the latter, you're asking for problems.

I don't have buyers. I just have prospective tenants since I keep all my properties as long term rentals.

Given that, I use only two methods -- Craigslist and a "for rent" sign in the front yard. Never needed to do anything else (or pay for any advertising), and always get a ton of applicants in a matter of days.

As for advertising in your local paper, I'm guessing that would depend on the norm for your local area. If you did that in my area, you'd just be throwing your money away because almost everyone (who is advertising a property and/or looking for a property) just goes to Craigslist.

Why not just put both your names on it?

What would you be doing and what role would you have in the transaction?

Even if you did a quit claim deed on the property/title the mortgage (debt) would still be in your name so I don't see how that would help.