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All Forum Posts by: Yiv L.

Yiv L. has started 5 posts and replied 111 times.

Post: Insufficient Rent Payment

Yiv L.Posted
  • Chandler, AZ
  • Posts 113
  • Votes 25
Originally posted by Mary Ann Casey:
You are all the best! I've learned from your posts some things I need to take care of right away - it will start with a discussion with him first. Any or all of your suggestions might be used: adjust the due date for the rent, enforce a full payment/not partial, provide a written notice of how this will work going forward and I think I'll also ask that he sign an updated lease agreement with the new rent due date and no-partial payment rule.
Thanks everyone!

If I were you, I would not enforce the no-partial rent payment policy. The policy only gets him into deeper trouble. Instead, I would work with him on the bi-monthly rent payment plan. More hassle for you, but it gives him more breathing room, and hopefully that makes him catch up with the rent for the long run.

I do allow my tenants to do partial rent payment only if they talk to me ahead of time and get my approval. Otherwise, I won't accept the partial check, and I will charge late fee.

Should contact an eviction attorney immediately.

@Jason Andrews if County record shows they are on a different parcel ID's, they are two individual 4-plex, then you can finance with conventional residential loan. If both buildings are on the same parcel ID, they are 5+ unit.

I would not worry too much about the deposits. I estimate the total amount to about $2000, so just consider it as paying $2000 more for the complex. However, this is a red flag on the other hand. The seller might be trying to fill in the vacancies just for the purpose of listing. This might mean he took in just low quality tenants with no deposit, no background checks, etc ... Please review the lease contract carefully. If all or most tenants were filled very recently, probably my gut feeling is correct.

Post: What do you do with this potential tenant?

Yiv L.Posted
  • Chandler, AZ
  • Posts 113
  • Votes 25

Did the incident happen when he was single? That has been 15 years ago, and now that he is married, I think you have a pretty good prospect here if you can verify the other info he gave to you IMHO. We all do some dump things in our life, especially when we were youngster ...

Post: Difficult Tenant

Yiv L.Posted
  • Chandler, AZ
  • Posts 113
  • Votes 25

First, you should be very happy to have such tenant agree to move out of your property. Whether you raise rent or not, this guy will be make your life difficult.

These are what I would do:

- Have him give you written notice of intent to move out. You do need this so he won't bite you later in court.

- Take plenty of picture of your lawn, and his unit if possible, before and after his move

- Pay someone (your retired or non-working tenant, ie) physically there to observe him when he moves his stuffs.

- Begin laying out plans, either to evict or to recoup your loss due to the damage he will do to your property.

Originally posted by Michaela Graham:
It was a real estate agent and I asked for the address, so that I could drive by and he wanted to have all kinds of information first: where I worked, how much money I make, where I've lived before and....and...and.....but wouldn't give me the address or appointment until.

@Michaela G. I don't see a problem with asking such questions. In fact, these are the exact questions that I ask my prospective tenants on the phone as my pre-qualifying screening process when they show interest on my prop. This is different from OP's question of filling in complete app form, which contains too much sensitive personal information just to see the place.

Post: Nuisance Notice - How should I deal with this.

Yiv L.Posted
  • Chandler, AZ
  • Posts 113
  • Votes 25

@Ace A. Please check your local tenant landlord law. In some states, it's 10 days notice, not 3, not 7.

Post: Applicant has TWO evictions.

Yiv L.Posted
  • Chandler, AZ
  • Posts 113
  • Votes 25

@Jon K. good that you could google and find the eviction records. Normally this type of tenants would not say they rented. They normally say they have been living with their parents, sisters, blah blah blah ....

Post: Drop the rent to get tenant?

Yiv L.Posted
  • Chandler, AZ
  • Posts 113
  • Votes 25

Did you get a chance to collect feedbacks from ppl to see if the rent is too high or something else? Depending on the situation, instead of dropping rent, probably you should do move in special so that it's not permanent?