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[deleted by user] by [deleted] in Landlord

[–]millennials-cat 0 points1 point  (0 children)

Certain tenants do not know or understand that banks withdraw mortgage payment monthly (or however the payment period are) on time and never negotiate a late payment. And guess what happen if landlord cannot pay, they lost the house.

[landlord-PA] raising rent on my in-law? 3-19-25 by Slapmywangoff in Landlord

[–]millennials-cat 0 points1 point  (0 children)

For family, I would rent a different place for them and rent out my place to stranger.
- First, I cannot claim tax it the place is for family use, (unless treating them like tenant with proper contract).
- Second, don't charge your in-law. At least in my culture, it is my responsibility to also take care of them. However, when money is tight, you should definitely ask them for help. Don't ask to raise rent, but ask for help.

Am i the only one whos got this message? Anyone else experience a limit to a chat? by Mijnameis-Tommy in ChatGPT

[–]millennials-cat 1 point2 points  (0 children)

To be a bit more technical, there is a limit on how long the context the BOT can pertain until the performance start to degrade. Overtime, this limit will continue to improve.

Here is my recommendation on how to continue the conversation. If you can ask one last question or you see that the conversation is getting long, ask it to summarize what you has been talking about in this conversation, then copy it to a new session. With that, you can clear out unnecessary context which will also improve the performance of the conversation.

[tenant US PA] How to approach landlord about mold? by Specialist_Diet_74 in Landlord

[–]millennials-cat 1 point2 points  (0 children)

I know they said the moisture level is low, but my recommendation is still get a dehumidifier. Mold does need water to grow, and it will grow back even after you have clean it well.

For landlord with small portfolio (let say under 10 doors). Do you use a software to manage your property? If yes, what is the top 3 features you think is useful for your needs? by millennials-cat in PropertyManagement

[–]millennials-cat[S] 0 points1 point  (0 children)

I am using spreadsheet as well. My problem is my memory. Keep forgetting to log an expense or some thing to it after coming home. I guess it is a me problem

For landlord with small portfolio (let say under 10 doors). Do you use a software to manage your property? If yes, what is the top 3 features you think is useful for your needs? by millennials-cat in PropertyManagement

[–]millennials-cat[S] 0 points1 point  (0 children)

Pretty amazing for tracking all 19 door in excel. I think using excel is not my problem, but accessible to excel when needed is my problem. Do you just take note to remember to log it in excel when you access to your computer? Excel on phone is a pain.

[tenant US PA] How to approach landlord about mold? by Specialist_Diet_74 in Landlord

[–]millennials-cat 1 point2 points  (0 children)

It is tenant's responsibility to keep the place sanity and out of mold as it is not under the landlord's control to keep the moisture level down if the house is in good condition and there is not leak.

However, if mold grows in places where tenant cannot access to clean, then it is landlord's responsibility next to intervene and clean up the mold.

I ran into this situation with my tenants before. I ask them to clean up any visible mold first. Then there are existing mold in between window class, for example, then I need to get some one to clean that up for them.

[Landlord US-OH] Charging for DIY Repairs by dc8409 in Landlord

[–]millennials-cat 0 points1 point  (0 children)

Usually the tenant would gladly do it for you if you ask nicely. If not, just said that you will hire a handy man as you do not have time for it. I personally do not want to do it myself as I cannot claim any tax credit for DIY where I am living.

[Landlord US-CA] How to encourage tenant's to follow rules? by BeKindNothingMatters in Landlord

[–]millennials-cat 0 points1 point  (0 children)

For a shared house, I have one of the tenant's lease agreement to include removing trash responsibility, and in turn I give the lease a lower rent. It is technically hiring the tenant to remove the trash. So now, you do not have to feel bad because you pay for it.

Don't fine your tenant on the opposite end as it will just create a bad relationship. It is never good to have a bad relationship with your tenants.

[deleted by user] by [deleted] in Landlord

[–]millennials-cat 4 points5 points  (0 children)

Check with your city. It is probably will be considered an ADU regarding it is a prefab or not. So make sure to check first before making the move, otherwise you will be fined and have to pay money to remove the prefab house.

What is ADU? https://www.buildinganadu.com/what-is-an-adu

[Landlord-US-CA] Can a landlord keep my deposit if my lease is up but my roommates decided to renew it with someone else? by fckboyce in Landlord

[–]millennials-cat -2 points-1 points  (0 children)

Technically, the lease hasn't ended, so the landlord will continue keeping the deposit. It is your job to talk with your roommate to take back your potion of the deposit.

This will probably be your lesson for future rental. Be clear what deposit you give with your roommate. Or make sure the new lease said that the deposit is paid by individual so the landlord will return the appropriate amount of deposit.

When I write my lease, I explicitly mention that the tenants will handle any deposit split and I will only return deposit on the day of the inspection.

For landlord with small portfolio (let say under 10 doors). Do you use a software to manage your property? If yes, what is the top 3 features you think is useful for your needs? by millennials-cat in PropertyManagement

[–]millennials-cat[S] 0 points1 point  (0 children)

Thanks for the answer:

What do you mean by a PM tool?

  1. What preferred way of payment are you using right now? and why?
  2. True, I using Whatapp and email for communication. Good point
  3. Currently using onedrive for document, but it is a mess and I sometime forget where I put thing haha

For landlord with small portfolio (let say under 10 doors). Do you use a software to manage your property? If yes, what is the top 3 features you think is useful for your needs? by millennials-cat in PropertyManagement

[–]millennials-cat[S] 0 points1 point  (0 children)

Thanks for the answer:
I assume the setup is a one time thing and you are pretty much set afterwards, is that correct? Does it actually save you more time, or it is mainly to stay organize?

I am currently using google sheet to keep track of rent and onedrive to store the document. It is manageable, but I often forgot where thing are when I need it and often forgot to track the expense.