**Expand** for timestamps! Hope this clears things up. Also, join the Meet Kevin public Discord chat! I chat in there daily with course members (members in the private, but public now available to all!). 📬Public Discord here: metkevin.com/2RD5wLh 📬 0:50 Living Out the Deposit & The Hidden Lawsuit Danger 4:40 Tenant Leverage 5:55 Habitability 6:42 Avoiding Lawsuits 12:59 Insurance Lawsuits 15:39 LLCs & 30(B) 6 (important for LLCs) 17:42 Quiet Enjoyment 20:30 Unlawful Evictions 22:10 Discrimination 23:13 Security Deposit Timing 24:13 BIGGEST Reason: Deductions 27:36 The Mistake I Made 28:56 Common Rental Property Misunderstanding 33:22 Illegal Additions / Modifications 35:54 Insurance Protection for Lawsuits 36:27 Getting a Manager (When) 37:53 Real Example Contract of Responsibility 38:38 Access to Attic 39:11 Best Tip 39:34 Special Invitation
@@sarahann530 how is this video shit dude lol? if you dont like it just hit that back button bro. and if you think hes such a bad land lord just dont rent from him problem solved lol. or did you just need a little attention?
@@MeetKevin bummer well i appreciate you and all the knowledge you give me, im definitely buying your course after graduation next year. keep it up brother
I have been thinking about tenants vs. landlords since the David Chandler Smith video from last week. Glad those people left his property but I wondered how a landlord can legally safeguard against scammers, squatters, and people just looking to dig into your wallet.
@@syguzman5739 It makes me want to do short term rentals before they (might) die out or get because the people don't establish tenancy. Also great cashflow to buy more properties.
My dad actually sued his landlord. He had the place professionally cleaned with receipts from serv pro. So he was surprised when she kept the security deposit. So he filed a subpoena to small claims for $65 I think it was. He sued for 3k even though the sec deposit was only 1k. He heard that was standard just to make them take it seriously. He showed up to court and turns out the landlord was friends with the judge. She was like hey Susanne how are things. Maybe we should set up a new court date because I'm friends with the landlord. My dad said he didn't care as long as she gave a fair judgment. Landlord had all these silly pictures like a lil dimple in the wall from the doorknob because there was no stopper. A few Knicks in the paint here and there. And the thermostat was supposedly crooked. Dad said it was always like that. The judge just said this is all minor stuff. Normal wear and tear for 4 years. Just give him his $1k back. That was all. So he paid $65 and got it back. Judge didn't give him the 3k though. Lol worth a shot.
Why professionally cleaned though? That's the part I don't get and would have a problem with if I was the tenant, I can clean the windows, I don't mind and I understand leaving them the way I found them, but the requirement to have the professionally cleaned? Forcing me to spend money on something likely very expensive when I could easily do it myself.
Any issues I had while renting I would notify the landlord in writing of the problem and the cost for me to fix it. Then I would deduct that fee from that month's rent. It always went well because the landlord didn't have to contract for the work, they only had to give me the go ahead. So easy for both parties.
Thanks for the education Kevin: Need to replace a garbage disposer. Just glad I didn't rush to replace and now know to compare stainless-steel-constructed disposer prices. (Had already previously viewed your video where you showed the rusty interior of the kitchen sink disposer, said something like, '... they really must have used this a lot...'). Thanks for the heads-up, not a waste of time to listen to the issues you choose to talk about.
Should split this video up to 3 parts or more lol and add to a playlist. A lot of great information. Just to add to what Kevin said, any communication between Tenant and landlord where by some action (from either side) or some condition/change were to be made and agreed on, no matter how trivial u think it is, should be documented and provable. While purely oral contracts can be legally binding, they are a nightmare of she said he said. Just document everything. And if you are a landlord in NY or LA, get REALLY familiar with renter's law.
I was told by a former landlord who got out of the game, that you should always affirm to tenants to tell you right away if something is broken, especially anything water related. A $5 sink trap and 5 minutes could turn into a couple thousand dollars of water damage.
When we moved out of our apartment, the apartment refused to do a walk through with us before I turned in the keys. They ended up detucting $50 from our Security Deposit because there was "Sidewalk Chalk Residue on the front porch". That was the only flaw they had, but I was not happy that we were charged $50 for "chalk residue on the front porch " and they absolutely refused to do a walk through with me, even though I asked for one and even talked to the office manager about getting one. Had they done a walk through with me, I would have simply poured water on the porch to get rid of the chalk.🤦♀️ Thank God we moved out of there to move into our own home that we own!
How are You only 27 years old ? Having the wisdom of an experienced 50 year old . Very impressed by you , keep it up! What I’ve learned is pay Attention to detail in life and you have less negative outcomes giving you Earned Conviction in your opinions.
I've been on both sides of the landlord and tenant scenario and as a tenant, I was peeved when I spent hours cleaning an apartment and left if better than I found it and the landlord still deducted a cleaning fee. I've never heard of a window cleaning clause but I like that. I put in a clause that tenants are responsible for repairs under $300 that way I'm not bothered by nickel and dime stuff but the tenants are secure in that I will handle the big stuff.
So if there's a sink issue and it's gonna cost $250 for that to be fixed, the tenant has to pay that? If that's the case, that's absurd.....if they aren't taking it with them when they go they shouldn't be paying for it.
Kevin I’m glad you fessed up to the garbage disposal. I saw that video and thought you were nick picking especially since you have a family as well. Sometimes we do use the stove as well. Good integrity this is why I will continue to watch your videos. 👍🏼👍🏼
Great video.. but I have to say your quality of your videos look amazing now! Best quality out of all the finance youtube channels out there.. by far!! Everything from the camera, audio, background lighting and even the slight camera angle movement (how'd you do that btw?)
Good video. I got sued by a landlord once. He installed new windows, terribly I may add. One window had an issue we didn't even damage. Unit was installed wrong. We discussed for me to just pay for the window out of our 1k deposit, I was moving out of the state and a few hundred dollars wasn't worth it. Months later came back saying that he wanted the deposit + 500 more dollars. Even admitted that what he was doing was against what we agreed, and even that getting a lawyer involved would cost more. Ended up settling for the deposit. Guess he really needed that extra 300 dollars. Never again will take a landlord/tenant word without something in writing.
I like how you went into more depth about things you've talked about in past videos. Thanks, Kevin. I'm not even into real estate or anything of the sort; I'm just some random struggling entrepreneur renting an apartment in Canada, but enjoy your content, lol... Keep it up! 😊
My first investment property I acquired at auction and had squatters that wouldn’t go. I had to go through the entire eviction process including court and sherif eviction! They threatened to sue me as they were evicted, even though I did nothing wrong or illegal lol. Luckily I hired a great real estate lawyer to guide me along the way. Get one if you’re an investor! They aren’t cheap but they are worth it!
🔴 Yesterday I asked in the comments about protecting oneself from tenants and today this video is uploaded! 👑 I'm not sure if it was coincidental _or_ if Kevin read through the comments, saw my question, and decided to make a full video to discuss the topic. ⭐ Either way, I'm thankful for having Kevin create such a detailed video! 💚 #TeamPaffrath
Be a nice guy Kevin...Expect life and tenets not to be perfect, Expect some damage in rental units. Be kind and considerate and tenets will not sue you.
I file evictions in small claims court. Last time cost me $76. I've always won but never recieved 1 penny of the money the judge awarded me. Also to place the lack of payment against a tenants credit cost another $76. Damage can easily eat up the deposit. That's why I only give the tenants a few days being late on the rent. I put a clause that I can inspect property at anytime. My last tenant was supposed to have an outside dog. My 1st visit, the dog met me at the door. I immediately went up $100 a month on the rent. I know that dog is doing that much damage. So far I've collected $1200 for that dogs rent.
Some people are what's referred to as "judgement proof" meaning the court can rule that you owe someone $30,000, but if you are basically bankrupt and have nothing to draw from, there's no way for whoever sued you to collect on money that doesn't exist. That can be super frustrating, especially in personal injury cases from car accidents caused by uninsured drivers.
Years ago when I was renting and I had my dog I paid a $500 nonrefundable pet deposit plus my rent and first months rent and $50 added to my regular rent per month. I don’t blame landlords for that because there are so many people that allow their pets to tear up the house to use the bathroom everywhere and a lot of people don’t keep flea control on their dogs so it’s completely understandable
You missed some very important documentation - RECORD ALL PHONE CALLS! It's better to use email/text if you can, but if you're having a phone conversation with a tenant, or anybody really, RECORD IT! These days any smart phone can do this automatically. Check state laws before recording if you ever want to use it in court, but in most states you do not have to tell them you are recording. It's amazing how a simple, innocent conversation can come back as evidence later on.
I’m in NJ and in the process of setting up a small claims suit against the state over damage to my car from a pothole. It specifies in the paperwork you can’t sue tenants. Also you can only sue for a max of $3000
After re-reading the the small claims packet, it doesn’t say a landlord can’t sue a tenant. My mistake. It does however say a tenant can sue a landlord up to $5000
My landlord didn’t give my deposit back. He was asking for my copy of the security deposit which I didn’t get a chance to grab when he ducking kick me out. He changed the lock of the door. I pretty much tried calling him for over a year. When I was able to see him where he lives, he said “do you have the copy of the security deposit?” So I said “no” he replied, “then get the duck out of my property”
I keep getting landlords who hire "handymen" to make repairs to major systems. Most recently, the landlord "bypassed" a broken main water line under the garage by adding a pipe through the wall of the garage, underneath my electrical fuse panel, through the garage wall and out to the mailbox. then made me pay the huge water bill for the broken line. If I report to code, I'm afraid they will kick us out because fixing that the right way will be invasive and lengthy. I feel like I needed a renters inspection of the house before move-in to avoid being screwed.
BROWARD COUNTY : There is a court fee that varies based on the amount of your claim. For claims up to $100, the fee is $55. For claims over $100 up to $500, the fee is $80. For claims over $500 up to $2,500, the fee is $175. Any claim over $2,500 up to the $5,000 limit will cost $300 to file. After you file your claim, the next step is to serve the defendant. You must know the full name of the individual you want to sue and an address at which he or she can be served. In the case of filing a claim against a business, the process depends on whether or not the business is incorporated. If it is incorporated, you have to include the name under which it is incorporated as well as a name and address of either a corporate officer or the registered agent. If you have trouble finding this information, you may contact the State of Florida Corporate Information Department. AND HOW MUCH DOES THIS COST? \ This service may be carried out in one of two ways. You can have either the sheriff or a certified process server serve the summons and a copy of your lawsuit on your behalf. The court’s administrative office can give you a list of certified process servers should you choose this method. You may also attempt to execute service of a summons on any party within the state of Florida via certified mail with a return receipt requested. If you choose to execute service this way, you can receive assistance from a deputy clerk at the courthouse.
This is my favorite TH-cam channel...but at 0:13 - I'm not sure Meet Kevin is the best person to take advice from when it comes to not getting sued, or the absolute worst person to take advice from (for those new to the channel, Kevin is constantly getting sued, just FYI hah). :)
here what happened to me me and my gf lived in a 3 bdr it was government subsidize had like 5 kids so landlord said to many people in the apartment so i got my own apartment never stepped foot in it for the 4 months cause i stayed in my gf and my kids apt i paid 400 deposit and after we moved i had to pay 300 dollars in damages and never stepped foot in it
💜 I know!!! That is so cool!! I feel like Kevin made this video in response from reading my question and reading through the replies I got from different members! Yay!! 💜
Lemon is used to degrease in service of manufacturing machinery. Chop up a lemon, put it in a bowl of water, insert the bowl in the owen, microwaveowen etc and heat for a couple of minutes so the lemon steams around. Let it cool and wipe off burnt previously sticky old grease easily.
Just to give you a bit of insight from the state of WA. There is also the matter of landlord/landlady not releasing the Security Deposit after vacating the property. There was the issues of the property not being to code nor was it ever taken care of during the whole time at the house the 12+years that we lived there. Also during this time the owner kept holding having us leave at any time. It is even being claimed that no deposit was taken even though there is proof of it in the lease contract.
The vast majority of small claims Courts can ONLY handle cases with demands for money. They cannot handle what are known as equitable (or requests for punitive damages) claims, including "Unlawful Detainer" which is what landlords would need to file in the case of a tenant that will not vacate. I am a licensed attorney in Nevada, California and North Dakota.
I watch Night at the Roxbury last night and at 19:49 I'm reminded of when Richard Greico went to the wedding. Through the whole movie he's saying "I just don't want to get sued."
And in some places like Chicago. The landlord tenant ordinance is draconian. It has gotten so bad. The security deposit is such a drama in itself nobody takes security deposit any more. Instead what owners and property managers ask for is a "Non Refundable" move in fee. Its so bad in Chicago that you literally have to give the tenants interest on their deposit. It has gone up to .50 cents a year. The burden of proof is on the landlord to proof you gave these people .50 cents. if you ever go to court in Chicago to evict the judge will ask for that proof like clock work. If you can not prove you gave them .50 cents. The judge will make you give the tenant back the security deposit times 2. Yea No shit times 2!!. Illinois has not Property Management Laws or licence so every town or county has there own ordinance in Illinois. SO virtually nobody takes security deposits anymore in Chicago. It's all "NON REFUNDABLE" move in fees now. And you just have them sign something stating in plain english. There is a "NON REFUNDABLE" move in fee that will not be returned and this fee will not be used as final months rent..
Another thing people don't realize is it's not really costing the landlord shit to sue a tenant in the long run because they're just going to write it off as an expense on their taxes anyway.
Do the things you teach in your course apply here in Canada, especially the investing and management course? And I'm also curious on the real estate agent course, can you apply some parts of it on being an insurance agent?
So your saying that even though you have a property management company they can't protect you from every thing? So maybe a good idea to video the out side and inside of property before Tennant's move in, and after they move out?🤔🙂
What should a tenant do when a landlord attempts to illegally pressure the tenant to leave by claiming the lease has been broken? In this case, claiming the tenants has pets. Pet belong to a guests. Had been present for two previous short (3 day visits). No documentation from landlady (who lives on the rental property...in the basement) that this wasn’t ok. Landlord did not communicate, in writing, any complaints. Gave the tenant 26 days to move out OR she would proceed with eviction. Wouldn’t this be considered emotional duress? If the Landlady decides to keep the deposit, couldn’t the tenant bring this up and counter sue for emotional duress? Note: Tenant remained in property and Landlady never address the issue nor responded to Tenant’s letter regarding the situation 17 days later. Landlady has also not fixed any minor issues (master closet bar/shelf falling down, kitchen cabinet doors failing (X2)around hinges where particleboard has disintegrated). The attempt to pressure the tenant out was right after the Landlady spent 700$ replacing a toilet where the seal had failed. Biggest issue, personality conflict, which isn’t sue-able. Tenant expect landlady to keep deposit upon exiting, tenant has been renting since Oct 2018.
In Texas the courts (small claims) won’t involve themselves, neither will they force the defendants to pay. Basically u can’t collect even if u win. Maybe it differs geographically.
Kevin how about landscaping Who is responsible for the exterior of the property like lawn and garden the tenant or landlord. I know it's best to keep landscaping lowest maintenance as possible especially on a rental Do you hire a gardner or landscaper to maintain and upkeep the exterior of the property.
you know i agree tenants should clean the place back to its original state but unfortunately i dont think its so common to find people with that type of work ethic to where they can see things that only you and people in the industry can me personally as long as it wasnt bad id be ok with it if they were doing good every where else they may not have the same eyes you do when it comes to cleanliness
Costco carries a pretty awesome disposal. Oh, and I have cleaned those ovens myself, good help is super hard to find. Minimum of 3 hours, and I usually make 100 per hour... so calculate that one. No I didn't charge it, I frequently eat it to help a bit, but I agree about the frustration of dirty places... YUCK. No one wants to live in your dirt, you didn't want to live in someone else's dirt... don't share.
Small claims court (to my knowledge, and I am in Ohio so I can't speak for anywhere else) for my county is for any amount under $6,000, not counting court fees (can't remember, and it may vary for other states). Anything over that amount goes to the bigger court and you need a lawyer. But it wouldn't need to be in a lease. They owe you an amount of money less than the threshold for the bigger court (for me it's called the Court of Common Pleas) so you just file a suit with the small claims court. You don't need a lawyer to do it, you represent yourself in front of the judge and the judge rules on the case. It saves you and the courts a shitload of money. PS this is not legal advice.
Hey Keven, Great video! I listened and follow your content all the time. Something I would consider looking into is the judgments of CBR’s. In recent federal rule making by the CFPB bureaus are no longer able to report a judgment of a persons CBR. This is a recent change. This has posed a problem for me in a lot of my businesses as it allows for a lesser substantial leverage...and in the distressed credit and asset market I’m in thats a big problem...but when considering filing small claim or a “Warrant in Debt” against a tenant one might want to consider making the investment to actually report the delinquency as a secured or unsecured “net 30” or something to the effect...that gets into so TILA regs but might be worth making the investment into the management infrastructure.
To elaborate more, this isn’t to say is doesn’t negate the severity both physically, psychologically and really effectively for the tenant or consumer as with a judgment you can still place bank levys, garnishments and what not...but what it does not allow for anymore is a negative “impact” on ones CBR...with is a downer.
William Hinshaw great question. So most people look at a credit score...which really doesn’t tell you much at all. CBR is just simply ones “Credit Bureau Report” which will tell you how far behind someone is on a payment or if they have any thing in the “collections panel”
I've dealt with slum landlords before. What made them a slum is that they would do half- ass work and when it fall apart they would blame it on you😆😆. They were older and felt a need to scam tenants because they wanted to save money. One landlord replaced an old wire for the internet with another old wire because he didn't want to pay $45 for a new wire that would last for years? When the faucet leaked they replaced it with a old faucet from another tenants home.
Happy Wife --> Happy Life. :P "Edwin & Guess who" questions are being answered on this video to protect Kevin when he deducts his former tenant's security deposit for the drywall they installed and the permitting etc, as well as the garage door repair. Smart move Kevin smart move.
Honestly I just wished they charged me after the fact I moved out, I'm a good person and would have paid it and the manager knows that and knows I was a genuinely good person, getting my security deposit back has been like pulling teeth, I still don't have my money back and it's been almost half a year since I moved out. It's not the managers fault but it's how the company does their business. They only give the deposit back by check, I've moved to another country, the first check was sent and I got it 2 months afterward, then I noticed it had names on it that were technically living there with me but made 0 contributions to the security deposit and the bank wouldn't let me deposit the check because it had other names on it who weren't even in the same country as me so it's not like we could just go into the bank and have it put into an account and even then they said we all needed to share an account for any money to be deposited from the check. I told the manager this and she said the company won't do it, 3-4 months later I get a check in the mail and it only has my name on it now (so they did do it, yay! I think she fought for me) BUT it says Ashley and Ashley and i'm worried the bank won't deposit it because my name is repeated. SO now I'm out near $2k because my roommate caused damage to the apartment so buy buy $1k and now I can't seem to deposit my money because the bank and the company are being difficult so buy buy the rest of my money I gave them. Apparently me giving them money is really easy but them returning the rest of my money is very difficult for them.
We have always had interest paid on our deposits. Exception was our last one was we rented from a friend yeah we not only cleaned her movie her out and cleaned her mess but paid a cleaning a deposit. Then we did a deep clean apon moving. She kept our deposit. There was 1 spot on a wall paper which I told her. My hubby was her handy man before during unpaid. She came over for dinner announce. We have passed inspection in Navy housing 2's 1's tim
Who even brought "charity" into this issue? The tenant contractually paid to make use of your house and appliances therein, and they didn't have the care to return the new oven in a decent state. Charity is not the issue; respect is the issue. Landlords have this bad image, but after having been a tenant for over a decade in a dozen or so apartments from WA to FL, it seems many turn a blind eye to the many tenants that have no respect for the property or time of their landlord. I always kept my place clean, and usually, it was cleaner after I lived in it than before, and I constantly witnessed the shock of a landlord seeing my properly cleaned unit upon lease-end. This shows the somewhat skewed perspective we have now. From the perspective of a long-time tenant, and now a landlord (Kevin surely has helped me in this area), both parties need to step up their respect game.
It would cost you more pursuing a lawsuit with a tenant than just sucking up the "lost" and moving on. Three doors in those shit houses you have are NOT worth anywhere near 1000 dollars
I have never paid the last month of rent and always tell the landlord to deduct it from my security deposit. Many landlords might think this is a dick move, or try and prevent it, but the fact of the matter is 9/10 they'll try and screw you some way or another. If I left the place in a condition beyond normal wear and tear, I would either do necessary work, or discuss it with the landlord prior to the final walk-through. Ideally, the last month of rent should be paid if both actors are fair, but from a tenants perspective most landlords I've dealt with aren't to be trusted regardless of the rental value when it comes to making a quick buck.
475 FICO here. My last place (first out of relapse of being with family) I lived in for 3 years. I paid the rent on time, every time, and in full. My landlord failed to raise my rent or reduce my inclusions. Had he done either I would have immediately started looking for another place to live. Given the local rental housing market it would have taken 4 months to replace me in the apartment. Also, you brought up in another video something about requiring the windows to be cleaned by your company, at the tennants expense. How do you know if your guys did the job or if the tennents just did a great job themselves
Kevin I love your channel, I watch every video. But I have this gut feeling that Lauren is your cousin and your mother-in-law is actually your aunt. Please clear this up as I’m terribly confused. Thanks kev
Helllo kevin do you have a course on how to create iron clad contract between landlord and tenant and also beteween deveolpoer and buyers. if so please point me in that direction.
I understand some of the clarification here even if I don't agree with all of it. I personally think that the landlord is indeed gaining wealth and prosperity on the back of the tenant and that a cleaning when a tenant moves out SHOULD be a cost borne by the landlord. No I don't think it's right if the tenant leaves the place a disaster. But window tracks and stoves are the kind of cleaning that's best done by professional cleaners. And as the owner of the property and the one who profits the most from it's condition it's more on the landlord than the tenant to maintain that condition. I get it. The stove was new and now it's a little icky. But $60 is nickle and dime BS. Another $100 for window cleaning is nickle and dime BS. I've never owned. I've lived in dozens of places usually for years at a time and I've never had an unhappy landlord. They love me. But every single one of them has seen a deep cleaning of the entire property as their responsibility between tenants. And that's not some recompense to me for being a good tenant. They do this regardless of how well the tenant cleans the property because tenants aren't professional cleaners and every new tenant deserves a professional level cleanliness to the property when they take it over. Just the suggestion that you might deduct $60 for a dirty stove, go to small claims over it, or that you're somehow entitled to that money because the stove is only $60 does come off as slimy. It doesn't even matter if you actually go after that money from you're tenant and you're only using it as an example of what the landlord could do. It's shitty. And you should value the situation you're in more. You don't seem to appreciate that not everyone can be you. Someone HAS to sweep the floors and plunge the toilets and so on. If everyone was a "real estate broker and property manager" with millions in assets nothing would be worth anything and society would fall apart. You don't seem to get that. That you are privileged. And your privilege comes with responsibility. People like you who don't seem to understand their place in the food chain are part of the reason there's so much populist hostility for the wealthy in this country. You think only about what you're entitled to and what you are owed and the facts and the figures and so on. You really have forgotten the human element. And it's because of that the government is going to start getting stupid with high tax rates and so on. I bet you don't give anything to your tenants for the holidays or forgive a month's rent for a great tenant that's lived in your property for five years or so. Maintaining the status quo is great. I'm glad you're not a slumlord who keeps things working properly and responds to problems your tenants have. But that's the very least of what you should be doing. That's the bare minimum. Any landlord doing less than that is a bad landlord. Superior landlords may make a few less dimes and quarters than you do. But they have longer lasting, happier tenants. And money isn't everything. It isn't even most things.
As author Chris Arnade excellently said this weekend, I still cannot believe there's anyone alive who doesn't understand that focusing only on the things that can be measured while ignoring and destroying those that can't, like the value of faith, place, family, and community is our problem.
Can you discriminate against having a lot of kids? I know because I have my own. I like older tenants with a 30 year old son with a 3rd income. Is that discrimination?
**Expand** for timestamps! Hope this clears things up. Also, join the Meet Kevin public Discord chat! I chat in there daily with course members (members in the private, but public now available to all!). 📬Public Discord here: metkevin.com/2RD5wLh 📬
0:50 Living Out the Deposit & The Hidden Lawsuit Danger
4:40 Tenant Leverage
5:55 Habitability
6:42 Avoiding Lawsuits
12:59 Insurance Lawsuits
15:39 LLCs & 30(B) 6 (important for LLCs)
17:42 Quiet Enjoyment
20:30 Unlawful Evictions
22:10 Discrimination
23:13 Security Deposit Timing
24:13 BIGGEST Reason: Deductions
27:36 The Mistake I Made
28:56 Common Rental Property Misunderstanding
33:22 Illegal Additions / Modifications
35:54 Insurance Protection for Lawsuits
36:27 Getting a Manager (When)
37:53 Real Example Contract of Responsibility
38:38 Access to Attic
39:11 Best Tip
39:34 Special Invitation
@@sarahann530 how is this video shit dude lol? if you dont like it just hit that back button bro. and if you think hes such a bad land lord just dont rent from him problem solved lol. or did you just need a little attention?
@@talebuttbitchton1267 He doesn't like me so he leaves these comments on every video
@@MeetKevin bummer well i appreciate you and all the knowledge you give me, im definitely buying your course after graduation next year. keep it up brother
I have been thinking about tenants vs. landlords since the David Chandler Smith video from last week. Glad those people left his property but I wondered how a landlord can legally safeguard against scammers, squatters, and people just looking to dig into your wallet.
@@syguzman5739 It makes me want to do short term rentals before they (might) die out or get because the people don't establish tenancy. Also great cashflow to buy more properties.
My dad actually sued his landlord. He had the place professionally cleaned with receipts from serv pro. So he was surprised when she kept the security deposit. So he filed a subpoena to small claims for $65 I think it was. He sued for 3k even though the sec deposit was only 1k. He heard that was standard just to make them take it seriously.
He showed up to court and turns out the landlord was friends with the judge. She was like hey Susanne how are things. Maybe we should set up a new court date because I'm friends with the landlord. My dad said he didn't care as long as she gave a fair judgment. Landlord had all these silly pictures like a lil dimple in the wall from the doorknob because there was no stopper. A few Knicks in the paint here and there. And the thermostat was supposedly crooked. Dad said it was always like that. The judge just said this is all minor stuff. Normal wear and tear for 4 years. Just give him his $1k back. That was all. So he paid $65 and got it back. Judge didn't give him the 3k though. Lol worth a shot.
Perhaps the landlord wasn't really a friend of the judge but rather a frequent, uh, "guest" in court?
A landlord paid us interest on our security deposit once. We were shocked!
Wait so he gave you money on it?
Awesome! I'd do it, too, as a thank you to the tenant 😊
Did Kevin did not tell them:
*Don’t sue me bro?*
Why professionally cleaned though? That's the part I don't get and would have a problem with if I was the tenant, I can clean the windows, I don't mind and I understand leaving them the way I found them, but the requirement to have the professionally cleaned? Forcing me to spend money on something likely very expensive when I could easily do it myself.
People fuck everything up when they do it themselves, which is why a professional is required.
Any issues I had while renting I would notify the landlord in writing of the problem and the cost for me to fix it. Then I would deduct that fee from that month's rent. It always went well because the landlord didn't have to contract for the work, they only had to give me the go ahead. So easy for both parties.
Thanks for the education Kevin: Need to replace a garbage disposer. Just glad I didn't rush to replace and now know to compare stainless-steel-constructed disposer prices. (Had already previously viewed your video where you showed the rusty interior of the kitchen sink disposer, said something like, '... they really must have used this a lot...'). Thanks for the heads-up, not a waste of time to listen to the issues you choose to talk about.
Should split this video up to 3 parts or more lol and add to a playlist. A lot of great information. Just to add to what Kevin said, any communication between Tenant and landlord where by some action (from either side) or some condition/change were to be made and agreed on, no matter how trivial u think it is, should be documented and provable. While purely oral contracts can be legally binding, they are a nightmare of she said he said. Just document everything. And if you are a landlord in NY or LA, get REALLY familiar with renter's law.
I was told by a former landlord who got out of the game, that you should always affirm to tenants to tell you right away if something is broken, especially anything water related. A $5 sink trap and 5 minutes could turn into a couple thousand dollars of water damage.
Exactly GillBatesLovesyou. Make sure its in the the lease agreemeant or rental agreement. Always get it on paper
When we moved out of our apartment, the apartment refused to do a walk through with us before I turned in the keys. They ended up detucting $50 from our Security Deposit because there was "Sidewalk Chalk Residue on the front porch". That was the only flaw they had, but I was not happy that we were charged $50 for "chalk residue on the front porch " and they absolutely refused to do a walk through with me, even though I asked for one and even talked to the office manager about getting one. Had they done a walk through with me, I would have simply poured water on the porch to get rid of the chalk.🤦♀️ Thank God we moved out of there to move into our own home that we own!
How are You only 27 years old ? Having the wisdom of an experienced
50 year old . Very impressed by you , keep it up! What I’ve learned is pay
Attention to detail in life and you have less negative outcomes giving you
Earned Conviction in your opinions.
He is so bright and what a fun personality!
Seriously, he is a massive douche? Finds problems that would happen 1 in 100 and sensationalizes it. Cool story bro.
This! This is a much better video with full explanations to what was going on especially concerning the last video.
I've been on both sides of the landlord and tenant scenario and as a tenant, I was peeved when I spent hours cleaning an apartment and left if better than I found it and the landlord still deducted a cleaning fee. I've never heard of a window cleaning clause but I like that. I put in a clause that tenants are responsible for repairs under $300 that way I'm not bothered by nickel and dime stuff but the tenants are secure in that I will handle the big stuff.
So if there's a sink issue and it's gonna cost $250 for that to be fixed, the tenant has to pay that? If that's the case, that's absurd.....if they aren't taking it with them when they go they shouldn't be paying for it.
Jaleesa Stengel Lmao a sink issue? As in they clogged the drain or damaged the sink? Hm, I wonder who should pay for that?
Wow Kevin this is so awesome thanks for a all the info so straight forward it’s like a college degree in rental less then 45 minutes
I hate dealing with lawyers. Never a good reason to need one except on standby
Also its important to point out that a judgement in small claims doesn't mean you get paid instantly.
so true!
Kevin you are so professional I love it. Wished I had a real estate agent that was so available and shared this type of information in my state.
Kevin I’m glad you fessed up to the garbage disposal. I saw that video and thought you were nick picking especially since you have a family as well. Sometimes we do use the stove as well.
Good integrity this is why I will continue to watch your videos. 👍🏼👍🏼
Great video.. but I have to say your quality of your videos look amazing now! Best quality out of all the finance youtube channels out there.. by far!! Everything from the camera, audio, background lighting and even the slight camera angle movement (how'd you do that btw?)
Ah ty!!! I’ll make a video!
Meet Kevin that’d be awesome! Thank you!!
Good video. I got sued by a landlord once. He installed new windows, terribly I may add. One window had an issue we didn't even damage. Unit was installed wrong. We discussed for me to just pay for the window out of our 1k deposit, I was moving out of the state and a few hundred dollars wasn't worth it. Months later came back saying that he wanted the deposit + 500 more dollars. Even admitted that what he was doing was against what we agreed, and even that getting a lawyer involved would cost more. Ended up settling for the deposit.
Guess he really needed that extra 300 dollars. Never again will take a landlord/tenant word without something in writing.
I like how you went into more depth about things you've talked about in past videos. Thanks, Kevin. I'm not even into real estate or anything of the sort; I'm just some random struggling entrepreneur renting an apartment in Canada, but enjoy your content, lol... Keep it up! 😊
***BREAKING NEWS*** Lawsuit is funded by Grant Cardone.
AGAIN
My first investment property I acquired at auction and had squatters that wouldn’t go. I had to go through the entire eviction process including court and sherif eviction! They threatened to sue me as they were evicted, even though I did nothing wrong or illegal lol. Luckily I hired a great real estate lawyer to guide me along the way. Get one if you’re an investor! They aren’t cheap but they are worth it!
🔴 Yesterday I asked in the comments about protecting oneself from tenants and today this video is uploaded! 👑 I'm not sure if it was coincidental _or_ if Kevin read through the comments, saw my question, and decided to make a full video to discuss the topic. ⭐ Either way, I'm thankful for having Kevin create such a detailed video! 💚
#TeamPaffrath
Be a nice guy Kevin...Expect life and tenets not to be perfect, Expect some damage in rental units. Be kind and considerate and tenets will not sue you.
I file evictions in small claims court. Last time cost me $76. I've always won but never recieved 1 penny of the money the judge awarded me. Also to place the lack of payment against a tenants credit cost another $76.
Damage can easily eat up the deposit. That's why I only give the tenants a few days being late on the rent.
I put a clause that I can inspect property at anytime. My last tenant was supposed to have an outside dog. My 1st visit, the dog met me at the door. I immediately went up $100 a month on the rent. I know that dog is doing that much damage. So far I've collected $1200 for that dogs rent.
You're on it Annie!!! "Outside dog" -- I actually haven't heard that one before!
Make sure the clause is conforming to state law.
Some people are what's referred to as "judgement proof" meaning the court can rule that you owe someone $30,000, but if you are basically bankrupt and have nothing to draw from, there's no way for whoever sued you to collect on money that doesn't exist. That can be super frustrating, especially in personal injury cases from car accidents caused by uninsured drivers.
Years ago when I was renting and I had my dog I paid a $500 nonrefundable pet deposit plus my rent and first months rent and $50 added to my regular rent per month. I don’t blame landlords for that because there are so many people that allow their pets to tear up the house to use the bathroom everywhere and a lot of people don’t keep flea control on their dogs so it’s completely understandable
You missed some very important documentation - RECORD ALL PHONE CALLS! It's better to use email/text if you can, but if you're having a phone conversation with a tenant, or anybody really, RECORD IT! These days any smart phone can do this automatically. Check state laws before recording if you ever want to use it in court, but in most states you do not have to tell them you are recording. It's amazing how a simple, innocent conversation can come back as evidence later on.
I’m in NJ and in the process of setting up a small claims suit against the state over damage to my car from a pothole. It specifies in the paperwork you can’t sue tenants. Also you can only sue for a max of $3000
wait, you mean as a landlord in NJ u can't take tenant to small claims court under any circumstance?
Weird! Usually you have accelerated options via unlawful tho but this is interesting
After re-reading the the small claims packet, it doesn’t say a landlord can’t sue a tenant. My mistake. It does however say a tenant can sue a landlord up to $5000
My landlord didn’t give my deposit back. He was asking for my copy of the security deposit which I didn’t get a chance to grab when he ducking kick me out. He changed the lock of the door. I pretty much tried calling him for over a year. When I was able to see him where he lives, he said “do you have the copy of the security deposit?” So I said “no” he replied, “then get the duck out of my property”
I keep getting landlords who hire "handymen" to make repairs to major systems. Most recently, the landlord "bypassed" a broken main water line under the garage by adding a pipe through the wall of the garage, underneath my electrical fuse panel, through the garage wall and out to the mailbox. then made me pay the huge water bill for the broken line. If I report to code, I'm afraid they will kick us out because fixing that the right way will be invasive and lengthy. I feel like I needed a renters inspection of the house before move-in to avoid being screwed.
BROWARD COUNTY : There is a court fee that varies based on the amount of your claim. For claims up to $100, the fee is $55. For claims over $100 up to $500, the fee is $80. For claims over $500 up to $2,500, the fee is $175. Any claim over $2,500 up to the $5,000 limit will cost $300 to file. After you file your claim, the next step is to serve the defendant. You must know the full name of the individual you want to sue and an address at which he or she can be served. In the case of filing a claim against a business, the process depends on whether or not the business is incorporated. If it is incorporated, you have to include the name under which it is incorporated as well as a name and address of either a corporate officer or the registered agent. If you have trouble finding this information, you may contact the State of Florida Corporate Information Department.
AND HOW MUCH DOES THIS COST? \
This service may be carried out in one of two ways. You can have either the sheriff or a certified process server serve the summons and a copy of your lawsuit on your behalf. The court’s administrative office can give you a list of certified process servers should you choose this method. You may also attempt to execute service of a summons on any party within the state of Florida via certified mail with a return receipt requested. If you choose to execute service this way, you can receive assistance from a deputy clerk at the courthouse.
This is my favorite TH-cam channel...but at 0:13 - I'm not sure Meet Kevin is the best person to take advice from when it comes to not getting sued, or the absolute worst person to take advice from (for those new to the channel, Kevin is constantly getting sued, just FYI hah). :)
Refrigerator and oven cleaning are legitimate deductions... At least $50 per appliance
here what happened to me me and my gf lived in a 3 bdr it was government subsidize had like 5 kids so landlord said to many people in the apartment so i got my own apartment never stepped foot in it for the 4 months cause i stayed in my gf and my kids apt i paid 400 deposit and after we moved i had to pay 300 dollars in damages and never stepped foot in it
Solid video. Thanks Kevin
Hahaha looks like he answered our question Sy Guzman! Excitied to watch the whole thing Kevin! (Loving the frequent uploads).
💜 I know!!! That is so cool!! I feel like Kevin made this video in response from reading my question and reading through the replies I got from different members! Yay!! 💜
Lemon is used to degrease in service of manufacturing machinery. Chop up a lemon, put it in a bowl of water, insert the bowl in the owen, microwaveowen etc and heat for a couple of minutes so the lemon steams around. Let it cool and wipe off burnt previously sticky old grease easily.
Wow this is great information.
Good job on giving both sides, tenant and landlord
Awesome video Kev! Thank you for taking the time 🙏
Professionally cleaned windows?
Just to give you a bit of insight from the state of WA. There is also the matter of landlord/landlady not releasing the Security Deposit after vacating the property. There was the issues of the property not being to code nor was it ever taken care of during the whole time at the house the 12+years that we lived there. Also during this time the owner kept holding having us leave at any time. It is even being claimed that no deposit was taken even though there is proof of it in the lease contract.
The vast majority of small claims Courts can ONLY handle cases with demands for money. They cannot handle what are known as equitable (or requests for punitive damages) claims, including "Unlawful Detainer" which is what landlords would need to file in the case of a tenant that will not vacate. I am a licensed attorney in Nevada, California and North Dakota.
*i hear the U.S of A is one of the most sue happy countries in the world.* 💪🎭
I'll sue u for that comment
James Garrison for real😂
@@jamesgarrison6430 😳 😂
@@jamesgarrison6430 can we settle outside of court 😀
Just don't try to sue a cop
I watch Night at the Roxbury last night and at 19:49 I'm reminded of when Richard Greico went to the wedding. Through the whole movie he's saying "I just don't want to get sued."
And in some places like Chicago. The landlord tenant ordinance is draconian. It has gotten so bad. The security deposit is such a drama in itself nobody takes security deposit any more. Instead what owners and property managers ask for is a "Non Refundable" move in fee. Its so bad in Chicago that you literally have to give the tenants interest on their deposit. It has gone up to .50 cents a year. The burden of proof is on the landlord to proof you gave these people .50 cents. if you ever go to court in Chicago to evict the judge will ask for that proof like clock work. If you can not prove you gave them .50 cents. The judge will make you give the tenant back the security deposit times 2. Yea No shit times 2!!. Illinois has not Property Management Laws or licence so every town or county has there own ordinance in Illinois. SO virtually nobody takes security deposits anymore in Chicago. It's all "NON REFUNDABLE" move in fees now. And you just have them sign something stating in plain english. There is a "NON REFUNDABLE" move in fee that will not be returned and this fee will not be used as final months rent..
LOL where did you get your JD? I love how you as a youtuber are giving out legal advise.
Ridiculous amount of useful information here. Thanks Kevin 💪👍
Another thing people don't realize is it's not really costing the landlord shit to sue a tenant in the long run because they're just going to write it off as an expense on their taxes anyway.
Do the things you teach in your course apply here in Canada, especially the investing and management course? And I'm also curious on the real estate agent course, can you apply some parts of it on being an insurance agent?
@@David.Bergeron Awesome, thank you man!!!!!
Thanks for another informative video Kevin!!
The family doesn't eat out enough and ruins my garbage disposal? 😂😂
Good man Kevin for bringing up the garbage disposal. Much respect.
So your saying that even though you have a property management company they can't protect you from every thing? So maybe a good idea to video the out side and inside of property before Tennant's move in, and after they move out?🤔🙂
Garbage disposal info was awesome
The state I lived in allowed tenents to stay free of charge until the repairs where complete(NJ)
M D Adams that sucks
What should a tenant do when a landlord attempts to illegally pressure the tenant to leave by claiming the lease has been broken? In this case, claiming the tenants has pets. Pet belong to a guests. Had been present for two previous short (3 day visits). No documentation from landlady (who lives on the rental property...in the basement) that this wasn’t ok. Landlord did not communicate, in writing, any complaints. Gave the tenant 26 days to move out OR she would proceed with eviction. Wouldn’t this be considered emotional duress? If the Landlady decides to keep the deposit, couldn’t the tenant bring this up and counter sue for emotional duress? Note: Tenant remained in property and Landlady never address the issue nor responded to Tenant’s letter regarding the situation 17 days later. Landlady has also not fixed any minor issues (master closet bar/shelf falling down, kitchen cabinet doors failing (X2)around hinges where particleboard has disintegrated). The attempt to pressure the tenant out was right after the Landlady spent 700$ replacing a toilet where the seal had failed. Biggest issue, personality conflict, which isn’t sue-able. Tenant expect landlady to keep deposit upon exiting, tenant has been renting since Oct 2018.
Great comprehensive video. Can't believe ppl argue about cleaning....likely the same ppl who are always trying to get something for free.
In Texas the courts (small claims) won’t involve themselves, neither will they force the defendants to pay. Basically u can’t collect even if u win. Maybe it differs geographically.
Each region is so unique. Serious topic.
Kevin how about landscaping Who is responsible for the exterior of the property like lawn and garden the tenant or landlord. I know it's best to keep landscaping lowest maintenance as possible especially on a rental Do you hire a gardner or landscaper to maintain and upkeep the exterior of the property.
love the video man
Wow! Great value in this video. Should add this to REI course and DIY management course too
Dont just leave if you signed a contract you will get screwed. Make sure you go to the court show proof get paperwork to leave property
Kevin, what app are you using to create those 3D images of the house? Pretty neat!
Omid Boloori I believe it is the matterport camera.
you know i agree tenants should clean the place back to its original state but unfortunately i dont think its so common to find people with that type of work ethic to where they can see things that only you and people in the industry can me personally as long as it wasnt bad id be ok with it if they were doing good every where else they may not have the same eyes you do when it comes to cleanliness
Costco carries a pretty awesome disposal. Oh, and I have cleaned those ovens myself, good help is super hard to find. Minimum of 3 hours, and I usually make 100 per hour... so calculate that one. No I didn't charge it, I frequently eat it to help a bit, but I agree about the frustration of dirty places... YUCK. No one wants to live in your dirt, you didn't want to live in someone else's dirt... don't share.
Small claims court (to my knowledge, and I am in Ohio so I can't speak for anywhere else) for my county is for any amount under $6,000, not counting court fees (can't remember, and it may vary for other states). Anything over that amount goes to the bigger court and you need a lawyer. But it wouldn't need to be in a lease. They owe you an amount of money less than the threshold for the bigger court (for me it's called the Court of Common Pleas) so you just file a suit with the small claims court. You don't need a lawyer to do it, you represent yourself in front of the judge and the judge rules on the case. It saves you and the courts a shitload of money.
PS this is not legal advice.
Very informative!!
Attic access is discouraged in my discussions, as the damage to ceiling drywall and the propensity to leave junk is too likely
Niceeee... got to remember that
Hey Kevin just remember this business is business and friends are friends. All always good business is stated upfront.
Hey Keven, Great video! I listened and follow your content all the time. Something I would consider looking into is the judgments of CBR’s. In recent federal rule making by the CFPB bureaus are no longer able to report a judgment of a persons CBR. This is a recent change. This has posed a problem for me in a lot of my businesses as it allows for a lesser substantial leverage...and in the distressed credit and asset market I’m in thats a big problem...but when considering filing small claim or a “Warrant in Debt” against a tenant one might want to consider making the investment to actually report the delinquency as a secured or unsecured “net 30” or something to the effect...that gets into so TILA regs but might be worth making the investment into the management infrastructure.
To elaborate more, this isn’t to say is doesn’t negate the severity both physically, psychologically and really effectively for the tenant or consumer as with a judgment you can still place bank levys, garnishments and what not...but what it does not allow for anymore is a negative “impact” on ones CBR...with is a downer.
Here is a report and example. Just wanting to help 😊
www.experian.com/blogs/ask-experian/judgments-no-longer-included-on-credit-report/
William Hinshaw great question. So most people look at a credit score...which really doesn’t tell you much at all. CBR is just simply ones “Credit Bureau Report” which will tell you how far behind someone is on a payment or if they have any thing in the “collections panel”
I've dealt with slum landlords before. What made them a slum is that they would do half- ass work and when it fall apart they would blame it on you😆😆. They were older and felt a need to scam tenants because they wanted to save money. One landlord replaced an old wire for the internet with another old wire because he didn't want to pay $45 for a new wire that would last for years? When the faucet leaked they replaced it with a old faucet from another tenants home.
Happy Wife --> Happy Life. :P
"Edwin & Guess who" questions are being answered on this video to protect Kevin when he deducts his former tenant's security deposit for the drywall they installed and the permitting etc, as well as the garage door repair. Smart move Kevin smart move.
Got 18 tenants, would not like that to happen to me.
tomy shaw your wife is hot
@@somebodyandthem Thank you
My kids hate me since I’m always playing these vids on my family tv and attempting to lure them in to the class that we are about to purchase.
Honestly I just wished they charged me after the fact I moved out, I'm a good person and would have paid it and the manager knows that and knows I was a genuinely good person, getting my security deposit back has been like pulling teeth, I still don't have my money back and it's been almost half a year since I moved out. It's not the managers fault but it's how the company does their business. They only give the deposit back by check, I've moved to another country, the first check was sent and I got it 2 months afterward, then I noticed it had names on it that were technically living there with me but made 0 contributions to the security deposit and the bank wouldn't let me deposit the check because it had other names on it who weren't even in the same country as me so it's not like we could just go into the bank and have it put into an account and even then they said we all needed to share an account for any money to be deposited from the check. I told the manager this and she said the company won't do it, 3-4 months later I get a check in the mail and it only has my name on it now (so they did do it, yay! I think she fought for me) BUT it says Ashley and Ashley and i'm worried the bank won't deposit it because my name is repeated. SO now I'm out near $2k because my roommate caused damage to the apartment so buy buy $1k and now I can't seem to deposit my money because the bank and the company are being difficult so buy buy the rest of my money I gave them. Apparently me giving them money is really easy but them returning the rest of my money is very difficult for them.
In what state does small claims court allow 10,000 USD suits? Small claims is capped at 5000 USD.
Texas for one
California is 10k
I believe WI updated the claim from $5000.00 to $10,000 a couple of years ago? I dont know if what other states have made this move.
Oregon is at $10,000 but I don't know if you can sue a tenant.
We have always had interest paid on our deposits. Exception was our last one was we rented from a friend yeah we not only cleaned her movie her out and cleaned her mess but paid a cleaning a deposit. Then we did a deep clean apon moving. She kept our deposit. There was 1 spot on a wall paper which I told her. My hubby was her handy man before during unpaid. She came over for dinner announce. We have passed inspection in Navy housing 2's 1's tim
I had a landlord that told me she was coming to use my pool with her friend. I had been in the house for a year already.
Post a video discussing eviction processes.
I learned so much from this 40 minutes video...
Who even brought "charity" into this issue? The tenant contractually paid to make use of your house and appliances therein, and they didn't have the care to return the new oven in a decent state.
Charity is not the issue; respect is the issue. Landlords have this bad image, but after having been a tenant for over a decade in a dozen or so apartments from WA to FL, it seems many turn a blind eye to the many tenants that have no respect for the property or time of their landlord. I always kept my place clean, and usually, it was cleaner after I lived in it than before, and I constantly witnessed the shock of a landlord seeing my properly cleaned unit upon lease-end. This shows the somewhat skewed perspective we have now.
From the perspective of a long-time tenant, and now a landlord (Kevin surely has helped me in this area), both parties need to step up their respect game.
It would cost you more pursuing a lawsuit with a tenant than just sucking up the "lost" and moving on.
Three doors in those shit houses you have are NOT worth anywhere near 1000 dollars
I have never paid the last month of rent and always tell the landlord to deduct it from my security deposit. Many landlords might think this is a dick move, or try and prevent it, but the fact of the matter is 9/10 they'll try and screw you some way or another. If I left the place in a condition beyond normal wear and tear, I would either do necessary work, or discuss it with the landlord prior to the final walk-through. Ideally, the last month of rent should be paid if both actors are fair, but from a tenants perspective most landlords I've dealt with aren't to be trusted regardless of the rental value when it comes to making a quick buck.
Wish we could invest in this channel because it's inevitable it's going to blow up soon. Much value
475 FICO here. My last place (first out of relapse of being with family) I lived in for 3 years. I paid the rent on time, every time, and in full. My landlord failed to raise my rent or reduce my inclusions. Had he done either I would have immediately started looking for another place to live. Given the local rental housing market it would have taken 4 months to replace me in the apartment. Also, you brought up in another video something about requiring the windows to be cleaned by your company, at the tennants expense. How do you know if your guys did the job or if the tennents just did a great job themselves
A receipt for payment.
Make sure the property is legal to be rented that’s a good thing to know
Communication is everything in any business.
Kevin I love your channel, I watch every video. But I have this gut feeling that Lauren is your cousin and your mother-in-law is actually your aunt. Please clear this up as I’m terribly confused. Thanks kev
I could seriously listen to you tallk about real estate and buisness all day
40 mins!!! Damn, better get my popcorn 🍿
details details! Podcast it hahaha
I am in CA. Isnt a property management company required to have a brokers license to manage property?
Helllo kevin do you have a course on how to create iron clad contract between landlord and tenant and also beteween deveolpoer and buyers. if so please point me in that direction.
Who else is here the second Kevin posts a new video?
Were addicted to Meet Kevin.
Ya. it's odd.
I was late
Good luck Bro ....
If your not being sued your not in business. Especially in CA you can get sued for anything
I understand some of the clarification here even if I don't agree with all of it. I personally think that the landlord is indeed gaining wealth and prosperity on the back of the tenant and that a cleaning when a tenant moves out SHOULD be a cost borne by the landlord. No I don't think it's right if the tenant leaves the place a disaster. But window tracks and stoves are the kind of cleaning that's best done by professional cleaners. And as the owner of the property and the one who profits the most from it's condition it's more on the landlord than the tenant to maintain that condition.
I get it. The stove was new and now it's a little icky. But $60 is nickle and dime BS. Another $100 for window cleaning is nickle and dime BS. I've never owned. I've lived in dozens of places usually for years at a time and I've never had an unhappy landlord. They love me. But every single one of them has seen a deep cleaning of the entire property as their responsibility between tenants. And that's not some recompense to me for being a good tenant. They do this regardless of how well the tenant cleans the property because tenants aren't professional cleaners and every new tenant deserves a professional level cleanliness to the property when they take it over. Just the suggestion that you might deduct $60 for a dirty stove, go to small claims over it, or that you're somehow entitled to that money because the stove is only $60 does come off as slimy. It doesn't even matter if you actually go after that money from you're tenant and you're only using it as an example of what the landlord could do. It's shitty. And you should value the situation you're in more.
You don't seem to appreciate that not everyone can be you. Someone HAS to sweep the floors and plunge the toilets and so on. If everyone was a "real estate broker and property manager" with millions in assets nothing would be worth anything and society would fall apart. You don't seem to get that. That you are privileged. And your privilege comes with responsibility. People like you who don't seem to understand their place in the food chain are part of the reason there's so much populist hostility for the wealthy in this country. You think only about what you're entitled to and what you are owed and the facts and the figures and so on. You really have forgotten the human element. And it's because of that the government is going to start getting stupid with high tax rates and so on. I bet you don't give anything to your tenants for the holidays or forgive a month's rent for a great tenant that's lived in your property for five years or so. Maintaining the status quo is great. I'm glad you're not a slumlord who keeps things working properly and responds to problems your tenants have. But that's the very least of what you should be doing. That's the bare minimum. Any landlord doing less than that is a bad landlord. Superior landlords may make a few less dimes and quarters than you do. But they have longer lasting, happier tenants. And money isn't everything. It isn't even most things.
As author Chris Arnade excellently said this weekend, I still cannot believe there's anyone alive who doesn't understand that focusing only on the things that can be measured while ignoring and destroying those that can't, like the value of faith, place, family, and community is our problem.
Can you discriminate against having a lot of kids? I know because I have my own. I like older tenants with a 30 year old son with a 3rd income. Is that discrimination?
Sadly you can't discriminate kids, but your description would make a hell of a porno flix.
Well I never been a tenant but I know people have tenants communication.