All Forum Posts by: Charles Terrizzi

@Nate T., you need to get this property inspected by a licensed meth company. Depending on the level of meth use, it could be exceptionally costly to remediate, and can only be done by a licensed remediation company. You cannot just paint the house with Kilz and have the problem be gone. Now that you know about it, you are required to fix it. I hope you didn't give any portion of the deposit back to the tenant. 

@Charles Terrizzi, this is incorrect advice. An unremediated meth house can cause severe health problems, especially in children. It doesn't matter that you can't smell it. This house needs to be inspected and remediated to state standards before it can be rented again.

You're just guessing it's not a real listing price.  Notice there is only one photo? Or, it could be just  the "starting bid" for an auction.com listing.

@Charles Terrizzi  I laughed out loud when I read your response.  Thanks for the feedback....

In business there is seldom a clear right or wrong.... it's your business and you set the tone.  Unlike school where there is a correct answer and all the rest are wrong, this is real life and we live and learn.   I would have lowered the rent and waived the lock fee but only if I liked them and wanted to keep them.  I have waived the late fee on the first late payment too then collected it if it happened again.  Others  take a different tack and that's fine too.  Good luck!

@Charles Terrizzi it comes down to what your goals are and also your risk tolerance. Do you plan on managing these properties yourself or hiring a PM company?