$1390 ELT today.
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$1390 ELT today. (by BRAD 20,000 [IN]) Sep 12, 2023 12:09 AM
       $1390 ELT today. (by David [MI]) Sep 12, 2023 5:53 AM
       $1390 ELT today. (by RB [TN]) Sep 12, 2023 7:57 AM
       $1390 ELT today. (by NE [PA]) Sep 12, 2023 8:11 AM
       $1390 ELT today. (by David [MI]) Sep 12, 2023 8:16 AM
       $1390 ELT today. (by NE [PA]) Sep 12, 2023 9:09 AM
       $1390 ELT today. (by S i d [MO]) Sep 12, 2023 10:22 AM
       $1390 ELT today. (by zero [IN]) Sep 12, 2023 12:06 PM
       $1390 ELT today. (by Hoosier [IN]) Sep 12, 2023 4:31 PM
       $1390 ELT today. (by 6x6 [TN]) Sep 12, 2023 8:18 PM
       $1390 ELT today. (by Mapleaf18 [NY]) Sep 13, 2023 3:41 AM
       $1390 ELT today. (by zero [IN]) Sep 13, 2023 7:29 AM
       $1390 ELT today. (by S i d [MO]) Sep 13, 2023 9:10 AM
       $1390 ELT today. (by Oregon Woodsmoke [ID]) Sep 13, 2023 9:56 AM
       $1390 ELT today. (by mapleaf18 [NY]) Sep 13, 2023 4:24 PM
       $1390 ELT today. (by Ray-N-Pa [PA]) Sep 18, 2023 6:44 AM

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$1390 ELT today. (by BRAD 20,000 [IN]) Posted on: Sep 12, 2023 12:09 AM
Message:

Received a cashier check for $1390 today. ELT.

Small apt, gave proper notice. Job transfer.

BRAD --73.103.xxx.xxx




$1390 ELT today. (by David [MI]) Posted on: Sep 12, 2023 5:53 AM
Message:

Two months? Nice.

I've started asking for three now. As a negotiating position, so if they complain, I can lower to two months.

Now if they were M2M they'd just up and leave and youd get nada --68.56.xxx.xx




$1390 ELT today. (by RB [TN]) Posted on: Sep 12, 2023 7:57 AM
Message:

Where's the party ? --24.183.xxx.xxx




$1390 ELT today. (by NE [PA]) Posted on: Sep 12, 2023 8:11 AM
Message:

If they give up and leave, you still have the deposit. The same deposit that Brad needs to return now.

Brad whatís your record for ELT? I had 2 separate ones pay within 48 hours. --24.152.xxx.xx




$1390 ELT today. (by David [MI]) Posted on: Sep 12, 2023 8:16 AM
Message:

NE,

If they are M2M and they get up and leave with 30days notice, you can't keep their deposit! i thought all your tenants are M2M??? Why would they need to pay ELT? --68.56.xxx.xx




$1390 ELT today. (by NE [PA]) Posted on: Sep 12, 2023 9:09 AM
Message:

David, you stated that they just get up and leave. You didnít say that they give notice. If they give notice, of course I return their deposit. --24.152.xxx.xx




$1390 ELT today. (by S i d [MO]) Posted on: Sep 12, 2023 10:22 AM
Message:

Brad, congrats on the ELT! I just got one for $850 the other day. I charge a little more than 6 week's rent, and this was my humblest abode: a little 1 bed, 1 bath side of a duplex that rented for $550/month. He was only 2 months into his lease. Got proper notice, last months rent, and picked up the cashiers check when we did the walk-thru. That was Aug 30th. Today, I've got my new tenant moving in to that same unit. A bit of hustle and a good process makes one profitable.

Fun note: looking back on this place when I bought it. I paid $70,000 in the pre C-19 world. Based on comps, it's FMV is now around $120,000. Combining the two sides, I get $1,100 a month. Not my best deal ever, but not bad!

--70.57.xx.xxx




$1390 ELT today. (by zero [IN]) Posted on: Sep 12, 2023 12:06 PM
Message:

Curious what the reasoning was to leave so early. --107.147.xx.xxx




$1390 ELT today. (by Hoosier [IN]) Posted on: Sep 12, 2023 4:31 PM
Message:

Zero, it says in Brad's post...job transfer.

Well done Brad...I got a few of those during my time as well. --99.92.xxx.xxx




$1390 ELT today. (by 6x6 [TN]) Posted on: Sep 12, 2023 8:18 PM
Message:

Thanks to Brad and others I've done it once. Surprised me I got it, but then again, they were prepaid for the whole year. --73.190.xxx.xxx




$1390 ELT today. (by Mapleaf18 [NY]) Posted on: Sep 13, 2023 3:41 AM
Message:

Not to be a Debbie Downer but ELT clauses will soon be outlawed in BLUE states if not federally. The "Tenant's Rights" Advocates are out in full force. Get it now while you still can. --64.246.xxx.xx




$1390 ELT today. (by zero [IN]) Posted on: Sep 13, 2023 7:29 AM
Message:

Hoosier, I guess my Indiana learnin made me skip over that. --107.147.xx.xxx




$1390 ELT today. (by S i d [MO]) Posted on: Sep 13, 2023 9:10 AM
Message:

Keep in mind: many regulations for rentals affect RESIDENTIAL rentals, not COMMERICAL rentals. They haven't started gunning for those... yet.

They day they outlaw ETFs, you can bet I will hold tenant's feet to the fire for every single day of rent owed, including utilities, mowing, and any damages done. Hopefully, this "tenant's bill of rights" won't pass, but if it does then hopefully it won't preclude that and just give them a get out of lease free anytime for any reason. If that happens, I will finish selling my residential portfolio and focus strictly on commercial where regulation appears to be less cumbersome. Those rich business guys have to pay their rent! (*smiles)

The Fed Govt (and Blue states too) seems convinced that regulating rentals leads to more and cheaper rentals. Where they get evidence for this, I have no idea, because every study I've read shows the long-term effects are detrimental to the availability and pricing of residential rentals. People stay put in rentals for decades living on the artificially cheap rent, leaving no units for new renters who could afford to pay the market price. Empty nesters hang on to their 3-4 bedroom units long after the kids move out because they are cheaper than moving to a 1-2 bedroom unit, leaving young families with nothing to choose. And landlords skimp on repairs because the rent isn't worth the reward. New construction is limited, because builders can get more $ with owner occupied, custom homes.

--70.57.xx.xxx




$1390 ELT today. (by Oregon Woodsmoke [ID]) Posted on: Sep 13, 2023 9:56 AM
Message:

The politicians don't care if it results in more or cheaper housing, or if it removes housing and creates higher rents. All they care about is that the voters think they are trying to do something about it, so the voters will vote for them. --76.178.xxx.xxx




$1390 ELT today. (by mapleaf18 [NY]) Posted on: Sep 13, 2023 4:24 PM
Message:

Oregon Woodsmoke, They don't call them "low information voters" for nothing. --64.246.xxx.xx




$1390 ELT today. (by Ray-N-Pa [PA]) Posted on: Sep 18, 2023 6:44 AM
Message:

My judge is very clear about ETFs. If the tenant elects gracefully duck out of a lease they can volunteer to pay that fee. Use a normal security deposit accounting on the place for anything that isn't wear and tear.

If they elect not to follow that graceful path, then see him and be more aggressive on the security deposit accounting if required. He understands that I consider it a failure on both my part and the tenants part if we ever see him. I failed the tenant in making sure the business transaction went as smooth as possible. That judge used to be my attorney though, seven years ago. He knows how much I hate taking anyone to court. --24.101.xxx.xxx



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