All Forum Posts by: Tom R.

The owner has final say but I would only charge him till the end of the required 30 day notice. IE Prorate the 8 days in November and let the rest slide.

I haven't made up my mind yet. I want to talk to the property manager that I am planning on hiring about it. I would like to know what they would do if he doesn't and the cosigner refuses to pay. I would also like to know what my costs would be if I needed to evict.

I have a prospective renter who wants a 6 months lease but is willing to pay $150 over my asking price and a full months pet deposit in addition to the full months security deposit.

The problem is he has no credit score. Would you sign him if he got a cosigner with good credit?

I'm considering using it on my next project but I'm concerned that the 6 mil wear layer won't hold up to tenants with pets even if it is "enhanced with ceramic beads" whatever that means.

My tenant moved out recently with 3 months to go on the lease and yesterday after completing some repairs I checked the mail and there were a couple of items I removed them from the mailbox and emailed the former tenant that I had them. Her response was to accuse me of going through her mail and then proceeded to tell me that I cannot enter the house without first obtaining permission.

State law says I can enter the house after it has been abandoned or surrendered which it obviously has. I don't want to leave mail in the mailbox because thieves can take it and it can also tell thieves or squatters that the house is empty.

What do you think I should do?

 I do a minimum of 10% for all maintenance depending on the condition of the property. If it hasn't been updated within the past 10 years I up it to 15%. I also do 8% for vacancy rates but vacancy rates can vary greatly based on region.

I dont bother with the "rules". I use a cashflow calculator I created myself in a spreadsheet program to determine if there is enough cashflow to even consider the property. For the most part I require over $200 per month of cash flow unless the property is really cheap and already has tenants. Then I use a cash on cash return calculator on the same spreadsheet to determine if its a good investment. Anything over 12% and I will move on the deal but if it comes in over 10% and I have no other deals going I will try and talk the seller down to meet the 12% goal.

The link under the events tab on my dashboard.

 If you were my agent and I found out you were holding offers without telling me I would fire you on the spot.

Is this on the 18th or the 19th? The link said 19th this page says 18th.