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FREQUENTLY ASKED QUESTIONS
IN NO PARTICULAR ORDER
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HOW SOON CAN YOU GET THE ROOF
OR A/C REPLACED? - It takes longer to get roof
bids than a/c bids. Assuming that there is enough money in your
account to cover the expense, we can usually get an entire a/c
replaced in 3-4 days, and a roof would take 3-4 weeks.
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THE TENANT IS LATE IN THEIR
RENT AND I CAN'T MAKE MY MORTGAGE PAYMENT, WHAT DO I DO?
- We advise all our owners to not only keep their mortgage payments
paid one month in advance, but also to keep enough repair money
set aside for new water heaters or air conditioning units. If
you don't, you'll end up in a situation where the tenant doesn't
pay and your credit is going to get damaged. Short term solutions
are to borrow the money. Get an advance on your credit card.
The interest you pay is cheaper than the damage that will be
done to your credit.
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THE TENANTS LEASE IS UP IN SEVEN
MONTHS, HOW CAN THEY JUST GET UP AND MOVE NOW?
- If written laws, and written "contracts", were never
broken, then we wouldn't need police, there wouldn't be any
crime, and rarely would anybody need to go to court. A piece
of paper is not going to keep a tenant in the property if he
needs to move... it's that simple.
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THIS IS THE SECOND MONTH THE
TENANT HAS BEEN IN THE PROPERTY, WHY IS MY CHECK STILL SHORT?
- In addition to all of the possible reasons
above, the most common reason is because the tenant moved in
the middle of the prior month. When this happens,
we make the tenant pay for a full month of rent at move-in,
and then pay the smaller, prorated portion the second month.
Doing it this way prevents a tenant of say moving in on the
23rd and only paying one week in rent, and then not paying again
and we immediately have to start an eviction. So usually what
happens is that they pay the full months rent at move-in, from
which Referral Fees, Tenant Placement Fees, Owner Reserve etc
is subtracted from, then the second month the tenant only owes
for a couple of weeks or so, and the check is again less than
what an owner will normally receive.
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I'M IN TOWN TODAY, WHEN CAN
I INSPECT MY PROPERTY? - If you are hoping to
do it today, then the tenant will have to "allow"
you in. Otherwise, you have to give the tenant 24 hours written
notice.
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