All Forum Posts by: KYLE Z.
KYLE Z. has started 3 posts and replied 67 times.
Post: (Alleged) Marijuana smell
- Investor
- Ironwood, MI
- Posts 68
- Votes 15
I have had the same thing happen to me on a tri plex I own. The girl downstairs smokes pot. I told her to smoke it outside. It works for a few weeks then it was back to the same. My advice is send them a written warning as Nathan said and keep the records in case you have to evict.
Post: Hi! New real estate investor from Upper Michigan!
- Investor
- Ironwood, MI
- Posts 68
- Votes 15
Welcome to the site! I am in the UP as well. Lot's of good info on here.
Post: New Member from Green Bay, Wisconsin (Go Pack Go!)
- Investor
- Ironwood, MI
- Posts 68
- Votes 15
@Todd DoperalskiWelcome to the site! I am a huge Packer fan myself.
Post: Kicking out tenants who pay
- Investor
- Ironwood, MI
- Posts 68
- Votes 15
Originally posted by @David Thornton:
I have been cleaning house a bit lately. Getting rid of some bad tenants even though they do pay rent and take pretty good care of the units. Most of the problems are reported by other residents, noise, smoking, smoking dope, fighting at all hours and confronting the good resents who report the problems. I have giving a number of warnings but the problems continue.
I don't want to lose the good residents that live around them so the bad ones have to go.
They always want to know why we are not going to rent to them anymore. I don't want tell them that we still are getting bad reports about them. But I never really know quite what to say. Any ideas?
This sounds like the identical problem I have been having. The girl has people over they party all night and the people upstairs complain. I told the upstairs people to call the police so I have a record. Then I called the problem tenant and went over and made her sign a letter stating she violated the lease and I gave her fair warning. I told her she would be evicted if it happened again and since then she has been good! I hope I just didn't jinx myself lol
Post: Do you want to pay your tenant's unpaid water bill?
- Investor
- Ironwood, MI
- Posts 68
- Votes 15
Where I live in Michigan the town charges a 450 dollar deposit to the tenant to put the water in the tenants name. The next town over only charges 100
Post: Newbie from Plymouth, Michigan
- Investor
- Ironwood, MI
- Posts 68
- Votes 15
Welcome to the site! You will find way more good info here then any seminar.
Post: New to BP from northwestern Wisconsin
- Investor
- Ironwood, MI
- Posts 68
- Votes 15
Welcome Thomas! Your pretty close to the Yoop!
Post: What is your target Cap Rate?
- Investor
- Ironwood, MI
- Posts 68
- Votes 15
Originally posted by @Dave Fontana:
12%-14%
Same here.
Post: 23 Unit Deal
- Investor
- Ironwood, MI
- Posts 68
- Votes 15
The gas and Electric are those per month? I just finished a analysis on a nine unit and the heat and electric were 8600 dollars for the year. Or do tenants pay there own? Also what is the water bill?
Post: Question regarding SFH Rental in Michigan (50% Rule)
- Investor
- Ironwood, MI
- Posts 68
- Votes 15
The 50% rule and the 2% rules are just guidelines to check out a property really quick. For me this one would not be a deal. There are better ones then this all over Michigan. If I was putting 15 to 20 thousand down I want cash flow and a lot of it.