 18 year tenant moving (by Homer [TX]) Mar 19, 2023 9:01 PM
 18 year tenant moving (by Barb [MO]) Mar 19, 2023 9:16 PM
18 year tenant moving (by Tim [CA]) Mar 19, 2023 9:36 PM
18 year tenant moving (by Sarah [GA]) Mar 19, 2023 10:14 PM
18 year tenant moving (by myob [GA]) Mar 20, 2023 6:50 AM
18 year tenant moving (by Scott [IN]) Mar 20, 2023 7:08 AM
18 year tenant moving (by Ray-N-Pa [PA]) Mar 20, 2023 7:48 AM
18 year tenant moving (by zero [IN]) Mar 20, 2023 8:56 AM
18 year tenant moving (by Oregon Woodsmoke [ID]) Mar 20, 2023 10:57 AM
18 year tenant moving (by Nicole [PA]) Mar 20, 2023 11:41 AM
18 year tenant moving (by myob [GA]) Mar 20, 2023 12:40 PM
18 year tenant moving (by Hoosier [IN]) Mar 20, 2023 9:25 PM
18 year tenant moving (by 6x6 [TN]) Mar 21, 2023 7:05 PM
18 year tenant moving (by Homer [TX]) Mar 22, 2023 12:34 AM
18 year tenant moving (by 6x6 [TN]) Mar 22, 2023 8:51 AM
18 year tenant moving (by mike [CA]) Mar 23, 2023 3:55 PM
18 year tenant moving (by Homer [TX]) Posted on: Mar 19, 2023 9:01 PM
Message:
Well, I finally received notice today on a 18 year tenant. She is moving out of state. I paid $74 k for this house almost 20 years ago and paid it off a few years ago. I decided to calculate how much I have collected on rent. Right at $250,000!! My expenses during these 18 years have been less than $1000, which was a water heater from the scratch and dent isle, and I think a ceiling fan, maybe a blower motor as well. Property taxes were around $42,000 during the 18 years, and insurance was around $10,000. I am thinking I did okay. Lol. Now I will need to do a complete renovation due to age and some foundation repairs. I guess even thought I won’t get a perfect house back. I’ll give her whole deposit back. $600. She wasn’t the cleanest, but I can be nice since she paid for that house more than once. Lol. Would y’all give a full deposit refund in this situation? --47.32.xxx.xxx |
18 year tenant moving (by Barb [MO]) Posted on: Mar 19, 2023 9:16 PM
Message:
I would ask her to clean it as well as she can, and hand her a check when she hands you the keys. After 18 years, yeah, lots to update. --149.76.xxx.xx |
18 year tenant moving (by Tim [CA]) Posted on: Mar 19, 2023 9:36 PM
Message:
I don't feel the need to squeeze every single penny I can get out of someone who was a good tenant. If the tenant was a pain, that would probably be somewhat different. Usually on a rehab job, I'm gonna make a mess anyway.
I have a similar situation with a 20 year tenant who I wish would move so I could re-hab the place. --108.201.xx.xx |
18 year tenant moving (by Sarah [GA]) Posted on: Mar 19, 2023 10:14 PM
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18 year tenant moving (by myob [GA]) Posted on: Mar 20, 2023 6:50 AM
Message:
18 yrs?????????
600.00 +200.00 for night out on you! --108.239.xx.xx |
18 year tenant moving (by Scott [IN]) Posted on: Mar 20, 2023 7:08 AM
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Agree with myob --107.141.xx.xxx |
18 year tenant moving (by Ray-N-Pa [PA]) Posted on: Mar 20, 2023 7:48 AM
Message:
What does one do for someone who so far and beyond. After about eight or ten years, I start to feel the need to overhaul a place. At 18 years, the place needs an entire six weeks down for phase maintenance and upgrades.
I understand that you should slowly upgrade a place, but boy is that so much easier when a place is empty. Painting a wall is a nice touch and an excellent thank you, but I find that ten years into the process that you are placing a thumb over hole in the dyke.
Last week I gave a tenant of 11 years a notice saying that it was time for an upgrade. The quality in which they were taking care of the place was decreasing along with the 72 year old's (Mom) health. Meanwhile son with 3 or 4 DUI convictions moved in. Not a good combo, as he is using her. I was considering how to show my appreciation for her --24.101.xxx.xxx |
18 year tenant moving (by zero [IN]) Posted on: Mar 20, 2023 8:56 AM
Message:
I have one tenant who has been with me 18 years. He isn't the best of housekeepers but he is not a problem tenant either. About 10 years in he asked if he could move to the unit next door. It's a duplex. I let him move the total of six inches away. He was happy. I had to rehab his place, of which he paid for any true damages.
Only tenant with a longer record is my mother in law. 21 years, three places. She used to live in the places I was rehabbing. She cleaned up each evening. It worked out well for the times.
Had another set of tenants that stayed for 13 years and then bought the place. Bought it for 20k for them specifically. Replaced one well pump but nothing else as they were trying to RTO it. I kept rent low. Sold it for 35k.
Small numbers I know, but those were the times and this is a small out of the way part of the country.
With OPs situation if I knew I was going to rehab the entire place anyhow I would hand them a check for the deposit and simply ask that they broom clean it so I don't trip over anything.
That is unless they leave the place in a shambles with holes in the walls and all the typical deadbeat drama. --107.147.xx.xxx |
18 year tenant moving (by Oregon Woodsmoke [ID]) Posted on: Mar 20, 2023 10:57 AM
Message:
Wait until she is out and see how she leaves the place. After 18 years, wear and tear is going to cover almost any damage that is left, except for maybe holes in the walls and hauling out garbage.
After 18 years, if the carpet is soaked in cat pee, that carpet is fully depreciated and you aren't going to be able to charge her for it, anyway. After 18 years, the paint is going to be fully depreciated and you aren't going to be able to charge her to repaint.
But don't tell her that you intend to return all of the deposit or she won't do any cleaning at all. Tell her to leave the place clean so that you can return her deposit to her quickly. --76.178.xxx.xxx |
18 year tenant moving (by Nicole [PA]) Posted on: Mar 20, 2023 11:41 AM
Message:
I would want all "stuff" removed inside and out and removed from the property. If it is, I would return the entire deposit. --98.237.xxx.xx |
18 year tenant moving (by myob [GA]) Posted on: Mar 20, 2023 12:40 PM
Message:
Ray show appreciation by having son locked up in CA. Far far away. --108.239.xx.xx |
18 year tenant moving (by Hoosier [IN]) Posted on: Mar 20, 2023 9:25 PM
Message:
That's great!
What I've done in those situation is to charge for all damages fairly, but then give a "great tenant credit" of however much you like. For example...
Damage report:
1) Broken faucet - $70
2) Torn screen - $30
3) Drywall damage in bedroom wall - $120
Total damages = $220
Original deposit = $600
Less damages = -$220
"Great tenant" credit = $300
Net amount of refund = $680
--99.92.xxx.xxx |
18 year tenant moving (by 6x6 [TN]) Posted on: Mar 21, 2023 7:05 PM
Message:
Good job on the tenant longevity.
Was there any rehab cost involved when you first purchased it?
How much time ( time to rehab, show, rent, repairs, market, travel, paperwork, ect...)would you guess that you have spent dealing with this property over the 18 years?
I think Oregon Woodsmoke made a great point. --98.40.x.xxx |
18 year tenant moving (by Homer [TX]) Posted on: Mar 22, 2023 12:34 AM
Message:
6 by 6. When I purchased the house. It was rent ready, I believe all I did was paint the paneling in the living room. I have so much work to do to get it up to standards now. Including removing the popcorn ceiling, removing the paneling and tape /bed, and texture behind the paneling. I’ll also upgrade the HVAC, since it’s a really old gas furnace with a standing pilot light. All new double pane windows also, luckily I am still sitting on a bunch from a lowes clearance I bought several truck loads many years ago at $5 each. I’ll also do some minor electrical work by adding a second switch on the wall for the ceiling fans in all rooms. The flooring is also worn out, so new ceramic wood look floors also. She will get her entire deposit back, although she wasn’t a great house keeper, she never caused me any troubles and rarely ever had any repairs issues. --47.32.xxx.xxx |
18 year tenant moving (by 6x6 [TN]) Posted on: Mar 22, 2023 8:51 AM
Message:
Thank you Homer. Seems like it served you well. --98.40.x.xxx |
18 year tenant moving (by mike [CA]) Posted on: Mar 23, 2023 3:55 PM
Message:
after 18 years she gets the deposit back w/o deductions presuming she didn't knock down walls or cause some sort of oddball damage like driving through the back of the garage. do a walk through and trade a check for keys and thank her for the quarter of a million dollars. --75.80.xx.xx |
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