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Topic: Am I a landlord yet? (Read 1423 times)
Iron Range
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Posts: 563
Re: Am I a landlord yet?
«
Reply #15 on:
April 02, 2007, 06:20:15 PM »
SAHM, where you and I invest there is an abundant supply of tenants. So we can be extra picky and still fill our units very fast. I like to buy vacant properties because most of my headaches have come from the tenants I inherited from the sellers and not from the tenants I put into my properties. I would say 1/3 of the tenants I inharit end up being evicted. Plus vacant properties are usually cheaper and much easier to low ball.
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Great Tenants are an Investors Greatest Asset
Iron Range
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Re: Am I a landlord yet?
«
Reply #16 on:
April 02, 2007, 06:38:42 PM »
SAHM, where we invest if you have the utilities in the tenants name you are still responsible for the bill. So if the tenant decides to skip town and not pay their utility bill, then you are responsible for it. If you refuse to pay it then they will put a lien on your property. If you refuse to agree to these conditions then they will refuse to put the utilities in the tenant's name. I just wanted to give you something else to look forward to.
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SAHM Investor
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Re: Am I a landlord yet?
«
Reply #17 on:
April 04, 2007, 01:54:56 PM »
If anyone is still reading this post, I'll give a little update and ask for more advice. We were in court for eviction just one week ago..... and guess what.? They have not showed up with rent yet ! I want to go back and fill out another eviction summons. These are my questions...
!. Since this is a pay to stay state, can I fill out court papers to evict them and hope that they can't come op with all the court costs?? (remember, they now 270.00 from last weeks court costs)
2. If I do fill out the papers to evict them can I accept rent and late fees or do I need to wait until the court date? I'm not quite sure I understand the pay to stay thing. Even if they get evicted arent' they still responsible for the rent/late fees/court costs ect... or do I just have to go after that in another court? It doesn't seem right that they should get a free months rent if they are being evicted, but I'm just not clear on this.
ugh! just when I thing I'm doing good, more questions come up!! And to top off my frustration we got more snow yesterday!!! Where is spring???
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Rich_in_CT
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Re: Am I a landlord yet?
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Reply #18 on:
April 04, 2007, 01:57:37 PM »
You should be asking an attorney that is familiar with the tenant/landlord laws in your state.
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