All Forum Posts by: Tony Gunter

Like everything real estate, location, location, location.

This is a white knuckle strategy, not for the faint of heart. It entirely depends on being able to actually attain a great ARV (supported with an appraisal) for resale or to cash out refinance. I find that can be a real challenge in most places where this type of inventory exists. Granted, I'm not experienced in a large northeastern metro, but the dynamic I speak of applies everywhere.

This might be heading somewhere between “pound sand” and “do you want out of your lease” response to the situation.

The tenant may be a chronic complainer, never happy or satisfied. I would not do anything more as it could be the opening of the flood gate. Make sure your always the one running the show.

@Scott Trench

Ah, managing human behavior. The real job of every landlord. I would respond something like...

I can’t control the behavior of anyone, nor is that my responsibility. If it is such a problem that you feel it must be addressed, then you need to call the police and do what you feel you need to do. I have no legal authority in this situation. More or less “Suck it up buttercup, and don’t call me anymore”.

Never, ever stick even a toe in that water (tenant disputes). You will only be rewarded with more strife as their real goal (probably subconsciously) is to make you and anyone else that will listen just as miserable as they are in life. Don’t go there, ever.

A little off topic...

This is why I only use deadbolts, even on my own residence. You need to make it very challenging tenants to actually lock themselves out.

On the other issue, follow your state’s laws on the topic. That’s all you can really do.

You might see if the surveyor will just run the line in question. No need for a full survey. You could save you a few bucks.

You know, somethings require getting your hands dirty to get the job done...

An observation on this topic.

It’s interesting to see how the attitude differs from region to region in this discussion. A lot of it seems to center around the perspective of being confortable around firearms. I would assume due to, or lack of early regular positive exposure. Empirically, it appears those from southern west coast, the northeast, and urban folks hold a more reserved opinion regarding firearms. Rural and southern folks exhibit a much higher level of comfort with firearms in general.

I know in my own life this holds true as well. Born and raised in the south, I had very early and consistent positive exposure to firearms in general. In the south firearms are viewed mostly as just another tool to do a job. Be that job defense, hunting, or just plinking cans at a range for fun. Firearms seem to lack the “demonized” aspect and are viewed as a dangerous item to be respected, but nothing more. I see the difference between urban and rural America exhibited here just like in the country at large.

Interesting as an observer at any rate.

I get your question and that your just asking for a sampling of the group. I think it misses one of the most important elements though, the human factor.

A burly ex Navy Seal will have a much different attitude about venturing into the hood than someone who is generally afraid of their own shadow. One may feel the need to carry a firearm, the other may feel “I’ll kill’em with my thumb”.

Conversely, that ex Seal may be terrified of public speaking, but the timid soul may feel at home on a stage. The variability of the human element in what your asking makes it

So, after all that, I give you the lamest response possible...”it depends “.

@Rick Owens

Don’t do it!

You have control over a vacant house for sale. You can control the experience and presentation of the property. If your going to sell it, make it ready for sale and get it sold. If your renting it, rent it. However keep the activities separate as you don’t have control otherwise.

@Latimer Luis

I would say your CFP is working with his tried and true tools in his own tool belt. Guess what, Real Estate doesn’t appear to be one of his tools. So he is going to steer clear of what he doesn’t know and doesn’t understand. Human nature at work.

Networking at REÍ events may be a way to ask fellow REI's who they recommend. IMHO it really needs to be consciously meshed into your overall plan.