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All Forum Posts by: Theresa Harris

Theresa Harris has started 0 posts and replied 14489 times.

Post: Tenant violates the Lease Agrement with a second dog.

Theresa Harris
#3 Managing Your Property Contributor
Posted
  • Posts 14,666
  • Votes 11,339

If she signed the lease under false pretensions, shouldn't that be grounds to make it invalid?

Post: How to deny a tenant request for modification to property

Theresa Harris
#3 Managing Your Property Contributor
Posted
  • Posts 14,666
  • Votes 11,339

If it is trip hazard, you could fix it by mudjacking or grinding down the high part.  Sounds like they want a visual reminder of the trip hazard. Why not paint a thin strip on the higher part-maybe an inch thick?  It will wear off over time.

Post: Is BRRRR overhyped in the current market?

Theresa Harris
#3 Managing Your Property Contributor
Posted
  • Posts 14,666
  • Votes 11,339

@Jacob Ansbacher If your taxes doubled, talk to the city and find out why.  You can appeal them.  You can increase rent when leases are renewed often by the cost of inflation. Check your local laws.   Still with only $15K in, that's a pretty good deal on the house.

Post: Electric baseboard heat

Theresa Harris
#3 Managing Your Property Contributor
Posted
  • Posts 14,666
  • Votes 11,339

Can you talk to the current tenants and ask how much their electric bills are in the winter?  this will give you a worst case scenario for costs and by asking multiple tenants, get a range of prices.

Post: Purchased/rehabbed Mobile home and its not renting

Theresa Harris
#3 Managing Your Property Contributor
Posted
  • Posts 14,666
  • Votes 11,339

@Nathan Spradlin The nice thing about doing the last month is you don't need to worry about them moving in for a month and then leaving.  Then once they are in, hopefully they will stay more than a year.

Post: YIKES, MY REALTOR IS GUN SHY

Theresa Harris
#3 Managing Your Property Contributor
Posted
  • Posts 14,666
  • Votes 11,339

If you are planning buying multiple homes, then he shouldn't have a problem doing it.  I can see why he'd be concerned if you are only planning on buying one place, but putting out multiple offers to see who will accept it.  Plus if there are that many good deals, you may not need to do multiple offers at one time.

Post: Purchased/rehabbed Mobile home and its not renting

Theresa Harris
#3 Managing Your Property Contributor
Posted
  • Posts 14,666
  • Votes 11,339

What about trying an incentive?  Sign a 1 year lease and the 12th month is free.  Make sure it is the last month and not the first.

Post: Pro-rate first month's rent or charge in full?

Theresa Harris
#3 Managing Your Property Contributor
Posted
  • Posts 14,666
  • Votes 11,339

Be consistent.  If they need a few extra days at the end, they need to pay for it.  Then if the lease doesn't start on the 1st, same thing applies.  And no it doesn't work for moving out early and a refund.

Post: This is why contractors get deposits .

Theresa Harris
#3 Managing Your Property Contributor
Posted
  • Posts 14,666
  • Votes 11,339

I'm glad you were able to move the next job up by a week.  I don't think people realize all the work that goes on behind the scenes to do some of this work.  

I'm sure you'll hear from the client.  You did offer him another slot and he refused, so it isn't like you didn't give him options or notice that you were coming.

Post: Asking for repair credit on apartment - how much is allowed?

Theresa Harris
#3 Managing Your Property Contributor
Posted
  • Posts 14,666
  • Votes 11,339

I'd only ask for the credit if things really need repair (new roof, new HVAC, etc) and they have not been factored into the list price.  

It sounds like you are wanting to do repairs, but don't have the money to do that and want to put those costs into your mortgage.  Why not talk to the bank and see if you can get a separate loan?