All Forum Posts by: Travis Frenchak
Travis Frenchak has started 12 posts and replied 128 times.
Post: Where Should I Start With $50,000
- Investor
- Butler, PA
- Posts 130
- Votes 114
If you're looking for cash flow I would stay away from option 2 as I think you would regret it down the road. However, you would see better appreciation and it would be easier to sell if you decided to do that. Personally, I would never buy a SFH as an investment.
Post: Lease non-renewal tenant won't leave
- Investor
- Butler, PA
- Posts 130
- Votes 114
Originally posted by @Nathan Gesner:
Originally posted by @Travis Frenchak:
You asked for advice because your tenant didn't move out when her lease terminated, she hasn't paid rent for two months (heading into three?), and she's not communicating. You also mailed a "non renewal" which is not the correct process.
Sorry for misreading the situation.
If have something constructive to add please do. She has been mailed a certified letter requiring signature with 30 days notice informing her the lease will not be renewed. What about that is not the correct process?
Post: Lease non-renewal tenant won't leave
- Investor
- Butler, PA
- Posts 130
- Votes 114
Originally posted by @Cole Simpson:
It would have to be an eviction. I would go to the property (if it is local) and see if you can find a solution. As defeating as it feels, cash for keys is always a good option.
Cash for keys will be my next move before eviction. Ive tried everything to reach out to her but she refuses to communicate. I left her a message letting her know I'm sure we could work something out, still nothing.
Post: Lease non-renewal tenant won't leave
- Investor
- Butler, PA
- Posts 130
- Votes 114
Originally posted by @Theresa Harris:
My guess is once you post the notice, she will leave. Having an eviction on her record won't help her find a new place. The sooner you can get her out the better. At least her deposit will cover some of the unpaid rent. I would also schedule a walk through of the unit-simply post a notice with the date and time and go in. As she's not communicating with you and not paying rent, you have no reason to assume she's still living there and you need to check on your home.
Im hoping she feels the same way you do about the eviction. Unfortunately I know for a fact she is still living there.
Post: Lease non-renewal tenant won't leave
- Investor
- Butler, PA
- Posts 130
- Votes 114
Originally posted by @Nathan Gesner:
Originally posted by @Travis Frenchak:
You asked for advice because your tenant didn't move out when her lease terminated, she hasn't paid rent for two months (heading into three?), and she's not communicating. You also mailed a "non renewal" which is not the correct process.
Sorry for misreading the situation.
Why do you keep responding if its just going to be with sarcasm? I asked a specific question. I did not ask "do you think I should hire a property manager?". Your comment had no relevance to my post. This site is for people to further their knowledge. If a moderator is just going to tell people to hire a property manager everytime someone has a question what good is it?
Post: Lease non-renewal tenant won't leave
- Investor
- Butler, PA
- Posts 130
- Votes 114
Originally posted by @Nathan Gesner:
The eviction moratorium is only for non-payment of rent. She's a "holdover" tenant, meaning her lease expired and she refuses to leave. You should start the eviction process immediately. I'm guessing you have no experience in that so you should consider hiring an experienced eviction attorney to handle it for you.
You may want to consider hiring a property manager. It's easy to manage rentals...until it's not.
I do fine managing my rentals as I have 15 but yes this is my first eviction. She is an inherited tenant so I really had no control over the situation. You may want to consider not questioning peoples abilities based on absolutely nothing.
Post: Lease non-renewal tenant won't leave
- Investor
- Butler, PA
- Posts 130
- Votes 114
I have a tenant who is a month to month tenant. She has not paid rent for two months and has cut off all communication with me so I have mailed her a non renewal notification.
My question is what are my options to get her out? Since she does not have a current lease agreement would she be trespassing? Or would I still have to evict?
Thanks!
Post: Using OPM and still getting cash flow
- Investor
- Butler, PA
- Posts 130
- Votes 114
@Robert Paquette maybe I’m wrong but I don’t think a bank will loan with the seller “financing the down payment”. How would you do that? The seller will give you money as a gift and you would use it to purchase their property?
Post: New to Investing. Help?
- Investor
- Butler, PA
- Posts 130
- Votes 114
Also I’m sure you will need some money up front. No money down deals like this arent that common. Even if you do owner financing I’m sure she will want something down.
Post: New to Investing. Help?
- Investor
- Butler, PA
- Posts 130
- Votes 114
I’m sure if you post specifics about the property like asking price, rents, taxes etc people would be more than happy to help you out with analyzing it.