Getting Sued by Tenants

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Getting Sued by Tenants

Рет қаралды 243,895

4 жыл бұрын

Lessons from getting sued by tenants while Real Estate Investing -- thanks tenants! Learn the real ways of making money with real estate & psychology - NEW 40% off Coupon code ImNotLeaving 🔥🔥🔥 Lifetime access to programs on building your wealth & new updates in stocks, real estate, management, sales, or KZfaq. metkevin.com/join Want deals off market / before they hit the MLS? Checkout metkevin.com/d... for DealMachine!
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Пікірлер: 588

@MeetKevin 4 жыл бұрын

Should I send them a shirt?

@Oneofakind123 4 жыл бұрын

How not to get sued by the tenants? It's easy. Be a good honest reasonable landlord. I bet you don't walk around sueing good honest reasonable tenants, right? :)

@chadswolington7135 4 жыл бұрын

@@Oneofakind123 Buddy STFU you know nothing and you have NOTHING.

@lasvegasteaclub342 4 жыл бұрын

@@Oneofakind123 Oh my sweet summer child

@NoOne-yx4jl 4 жыл бұрын

Kevin can you make a video on how to find a good property management company

@Oneofakind123 4 жыл бұрын

@@chadswolington7135 Well, I do have a certain level of finesse. That's something.

@ziolan8970 4 жыл бұрын

This was the most compelling advertising for this management company that I've ever seen

@keinlieb3818 4 жыл бұрын

Yes. If you're a property manager since he only insures property management companies.

@ziolan8970 4 жыл бұрын

@@keinlieb3818 I took it as you should only rent with property management companies that have his insurance

@ladymillennial 4 жыл бұрын

L0L same thoughts 😂

@TrailTrackers 4 жыл бұрын

The whole eviction thing costing $1000s is just a CA thing. I think this is because CA leans heavily towards the tenant no matter what. Not so in Utah. Utah is a lot more fair. If the landlord is in the right, then Utah will lean heavily with the landlord and vice-versa. Example: A friend of mine had a lady from CA stop paying. When he went over there to talk to her, she literally told him, "Good luck getting me out". His response was, "Lady, this ain't CA. You should begin packing your stuff". Exactly 12 days later, and with a cost of only $100.00, my friend showed up with the Sheriff and the deadbeat lady was put out on her ass. Of course she cried to the Sheriff, but the order was in his hand.

@TrailTrackers 4 жыл бұрын

@@MikhailFromUSA : I agree. And now that I've watched the entire video, I heard the property mngr guy even say that CA leans towards the tenant. But you have to ask the question, "Why is that"? Well, I can say why, but people aren't going to like it. CA is too full of liberal, tree hugging, blankety, blank types of people who want everything for free. The whole damn state is going bankrupt because of all their stupid programs giving money to people who shouldn't get it. Even though I was born and raised in CA (long, long time ago), I figured this out in the early 80s at the age of 19 and joined the Army. Thereby getting the hell out of that state. I've only ever been back to visit family who still lives there; sadly. And I hate the stupid ass'd rules when I do travel there. Like not being able to conceal carry, and I have to store my gun unloaded and in a locked fucking case. May as well just carry a fucking club, cause if a gun ain't loaded and cocked it don't shoot; all it is is a club at that point.

@bobp1016 4 жыл бұрын

I live in California and you’re absolutely right. California will always protect the tenants even if the tenants are dead beats. California will even protect squatters and force a long battle for a landlord to get rid of bad tenants or squatters. California also just past a bill that will put in place rent control for everyone. I take care of my elderly mother and can’t leave her, but I wish I could move out of this horrible state. I love California, but the far left liberals have destroyed this state. California is now like a third world country. Our electricity is being shut off, they are getting ready to ration water, our taxes are some of the highest in the nation. We have night water, electrical and gas bills. I could go on and on. The sad part is people keep electing these far left liberals who keep taking away our rights and causing so many people to become homeless.

@LarsSveen 4 жыл бұрын

TrailTrackers: Actually, it's the same. They're talking about hiring a lawyer to handle the eviction process, which will cost about the same across the states. In CA you can also just get the sheriff to evict someone with you. However, the tenants can fight it and cause a lot of issues if they prove that they have nowhere to go and will be homeless if evicted. Edit: I looked up the fee for filing an unlawful detainer (eviction) in my county and it is $255, which looks pretty similar in surrounding counties as well.

@davidlindgren7605 4 жыл бұрын

@@bobp1016 Bob, the rent control you speak of passed by the legislature does NOT apply to single family homes, so if you have those types of properties, you're not affected

@bobp1016 4 жыл бұрын

Edwin Barker Actually it does apply to single family homes if you have over a million dollars worth of investment properties. So a person can own one or two properties. If your rental properties are worth more then a million then you fall under the rent control law.

@keinlieb3818 4 жыл бұрын

There is something wrong with our legal system when it's cheaper to settle a lawsuit for $10k than fight the lawsuit.

@cosmicflowdn1197 4 жыл бұрын

There are much worst.

@ThisIsTechToday 4 жыл бұрын

lol, I was worried that you got sued again. MeetKevin: the most sued realtor in America, lol. COURSE SUGGESTION: A video going through as many ways to avoid being sued and avoiding unequal housing violations (which you cover in part) under the tenant section :)

@SamcoB1 4 жыл бұрын

we all know how not to get sued. its easy. say multiple times on a video #dontsuemebro and wear the shirt that says #dontsuemebro

@landforsalestore 4 жыл бұрын

I self managed a 4-unit building I owned in LA a few years back and experienced both problems. I had a professional tenant who sued me in their first month for $10k and we ended up settling for around $7k and I had another tenant who discovered mold and his brother was a microbiologist. In the end I did the remediation and after much hand holding and expense avoided a lawsuit and discovered the real reason he was so unhappy was that his new business was failing. And, after losing 6 rental homes in the last recession and having 3 different management companies shut down by the authorities and the owners arrested for embezzling rental income, I now flip vacant land.

@allmyothersubscriptions 4 жыл бұрын

What a nightmare!!! Wow!

@thisisangellorenzo 4 жыл бұрын

@realtorhectorreyes9785 4 жыл бұрын

This information is gold!!! I'm dealing with an investor who self-manage his properties and act like he is living in a 3rd world country, fortunately he has listing to me in many occasions and saved him in the long run thousand of dollars. Thanks Kevin for sharing your knowledge with us.

@keinlieb3818 4 жыл бұрын

This reminds me of a story I saw where an Air B&B tenant caused almost $10,000 in damages to a place in one night.

@FollowingKeenan 4 жыл бұрын

I got sued for a slip and fall at a commerical property I own. Lucked out my insurance was great. Another Great Video Lesson.

@MeetKevin 4 жыл бұрын

Yikes! Glad that worked out

@victoriamosley8510 3 жыл бұрын

My parents have a rental house company and I still learned something from this video! Thank you.

@katherineallegree6942 4 жыл бұрын

I'm a property manager and my husband is not. We recently bought a few multifamilies and it's amazing the differences between us. Good property managers have experience and know their laws.

@dodgeplow 4 жыл бұрын

I've been a landlord for about 10 years now, 4 units, and I agree, happy tenant = happy life. I have a property manager, and I tell her "If it squeaks, grease it." I want any complaint (toilet, water leak, needs a new lock, whatever) handled by the end of the day, barring a major issue. If they make an optional but reasonable request, I try to honor it. It might cut into my short-term cash, but I gain a loyal, appreciative tenant, who costs me less overall in the long term. I also do periodic inspections just to make sure something isn't creeping up. Of course you can't guarantee you won't get some psycho who fools you, but usually their credit score (my main screening criteria) will show you their likelihood to be a good tenant.

@sl4983 4 жыл бұрын

Are you in CA?

@dodgeplow 4 жыл бұрын

@@sl4983 east coast

@bsce100 4 жыл бұрын

@dodgeplow is it legal to do periodic checkups? I have to move for work short term and I’m really nervous about renting out my house. I’m definitely getting a property management company, but I wanted to be hands on as well. I was thinking of doing periodic checkups, but I’m not sure if it’s legal. I haven’t spoken to property management companies yet. I’m still searching for a great one.

@dodgeplow 4 жыл бұрын

@@bsce100 It is absolutely legal, at least in the few states I've lived in. You'll need to check the landlord laws of your state. I do it every 3 months for a new tenant until I have a good impression of them. I give notice beforehand. If something needs servicing, that is the ideal time since I or my agent show up to review what the problem is.

@bsce100 4 жыл бұрын

dodgeplow okay I’ll double check the laws here in Florida. Thank you so much for the info!

@LaserGuidedLoogie 4 жыл бұрын

I have avoided evicting tenants on 2 separate occasions just by giving them a deadline, and offering them their deposit back if they meet the deadline, that's the best way of doing it I think.

@wileecoyote5749 4 жыл бұрын

Worse thing to do is not try and work things out even if it means loss of rent or paying them a few bucks to leave.

@jasonli5593 4 жыл бұрын

I managed many apartments before, in SGV, in southern CA. I used to flash a $100 bill and tell them if they leave in a week, I would give it to them instead of the eviction company to start an eviction and mess up their credit. It worked every time. Of course refund their deposit too if they don't break anything. Nowadays you may need to pay $500. When they are broke and know they have to move sooner or later, why not take the cash and go. 2 came back to check for mail, and chat with me as friends. One gave me his car salesman business card and said to come see him if I ever shop for a car.

@Alex-xx3yc 4 жыл бұрын

phenomenal video! so much content! I'm not a landlord nor a prop. mgmt but it's always great to know. I don't understand why your channel doesn't have more subs, you offer so much daily in depth content, thank you!

@crand20033 3 жыл бұрын

When I started renting the rooms out of my house I didn't know how to do evictions. When I got a bad tenant I had to learn. it was a steep learning curve.

@linayang9022 2 жыл бұрын

Careful and good luck. There many bad tenants who want the free rent and take advantage from landlord.

@samuelherkimer8253 4 жыл бұрын

This is why I buy and hold index funds forever wayyyyy easier and more fun

@GR-uc1gq 3 жыл бұрын

How did you learn. I want to be financially well off and thought if rental properties but seems like a huge headache.

@midkort 3 жыл бұрын

@@GR-uc1gq One way to do it is to open a brokerage account with Fidelity. Then buy an S&P500 index fund. For instance, you can buy FXAIX, this is Fidelity's S&P500 index fund. You can put in however much money you can afford to each month, say on the days you get paid each month so you have a routine. That's it. If you do that alone, you'd be in a far better financial position in the future. And it's not risky.

@alvarocimental8358 4 жыл бұрын

Can’t wait till Graham makes a video on “How I sued Meet Kevin for $.20 cents !!”

@NeilDoesStuff1 4 жыл бұрын

$.20 lawsuits

@tloweirl3800 4 жыл бұрын

This comment had me rolling!

@taxcattle 4 жыл бұрын

Would be a great april fools gag if graham and kevin both released videos saying graham was suing kevin

@kingmoank 4 жыл бұрын

He sued Kevin for the price of the coffee he likes

@svollin9876 4 жыл бұрын

I got a property manager right after deciding to rent my first town house it was one of the best decisions that I've made.

@DanielIles 4 жыл бұрын

I agree, getting started as a landlord without any experience you kind of have to expect a dog fight. Either learn more about the job or hire someone else who knows the job well.

@erikt3162 4 жыл бұрын

Bingo a good real estate investor has sound judgment and a good property management company.

@Tiktokshopsecrets 4 жыл бұрын

Or pull up with the 9

@wildlesbians 4 жыл бұрын

"tenants destroying property, and looting is rare". Not rare here in las vegas. I see it happen on my street constantly. There are a number of rentals on my street. Owners spend thousands replacing flooring, and other contractors to fix things up, tenant moves in for a short time and then in less than a year tenant stops paying rent, destroys home. Then a parade of contractors shows up to restore home in preparation for new tenants. Owners constantly spending thousands repairing damage over and over and over again. I see it so often here, that I absolutely would never buy a house and rent it out. No way Jose. Maybe other places it is not so bad, but here it is not a good idea.

@sirraymondluxuryyacht8131 4 жыл бұрын

I find it hilarious that he drives around in a car with his own picture on there LOL - I know many realtors do this...I just find it funny for some reason!

@erikadelgado206 4 жыл бұрын

It’s an incredibly strategic and FREE form of consistent self promotion/marketing.. no, not ego. fucking genius. Coming from a real estate marketing professional.

@skimask5049 4 жыл бұрын

True but its cringe

@CronusVelox 4 жыл бұрын

Tax write off?

@sl4983 4 жыл бұрын

It's funny but I like it.

@froggy0162 4 жыл бұрын

Erika Delgado i automatically dislike and avoid any real estate people that do that...

@TennesseeCox 4 жыл бұрын

Kevin has gone from the real estate guy to the grant cardone fanboy to the lawsuit guy (I love you kevin don't take this the wrong way)

@Tiktokshopsecrets 4 жыл бұрын

Tennessee Cox as Kevin would say. “It’s unfortunate” lol. You’re still the man Kev

@lukebaehr3851 4 жыл бұрын

I absolutely love how you go out of your way to find and meet these professionals to do these videos. Thanks Kevin!!! Love your videos bro!

@firesign4297 4 жыл бұрын

👏👏👏👍🏿👍🏿

@syguzman5739 4 жыл бұрын

⭐ This gentleman conducted an exceptional interview! Peter from Rincon, sir, you earned an A+ ⭐ I got a laugh at 11:59 "I don't subscribe to that!" I'm going to start using that phrase 🤣

@johnwayne2103 4 жыл бұрын

I tell woman that all the time. I don't subscribe to the magazine called Drama.

@syguzman5739 4 жыл бұрын

@@johnwayne2103 🤣

@syguzman5739 4 жыл бұрын

@Bigtombowski ❤

@user-ww6ii6zn8m 4 жыл бұрын

Great video Kevin! Ton of value here! As an aspiring real estate investor, getting sued by tenants is something that's never even crossed my mind, so I'm very glad I clicked on this video today. Keep the awesome content coming!

@RichardDavisHackingLife 4 жыл бұрын

This is really good info Kevin! I mean, really informative for someone who wants to enter this market. Thanks!

@buggy5880 4 жыл бұрын

A old friend came by my house uninvited, he was drunk and on my porch. I went to bed. I thought he left, but he came in my house and fell now he is decided to sue me.DO I HAVE A LEG TO STAND ON?

@itsurmommasnippleshairsher6121 4 жыл бұрын

If he was uninvited also file charges for trespassing he’s no longer ur friend you’ll want anything you can have on paper to show to a judge he was there on he’s own terms and uninvited

@justme9723 3 жыл бұрын

I don’t think he was drunk. He planned to sue you.

@mar91942 4 жыл бұрын

There is insurance for EVERYTHING! lol Glad to see this is out there for decent landlords. Good landlords shouldnt have to lose their shirt behind a dirtbag tenant

@bftjoe 3 жыл бұрын

How so? Management company failed to do a free and simple search of court records.

@mar91942 3 жыл бұрын

@@bftjoe those searches can only tell so much. They aren't going to show every dirt bag tenant out there

@OmahaTonyG 4 жыл бұрын

Good video. I invest out of state and use a PM and I self manage as well. Self managing is not hard but you have to know what you are doing.

@JDFuchs 4 жыл бұрын

A number of great points hear! Thank you. I can't agree more with "Happy tenant happy life"!! Also examining my insurance coverage has just been bumped up on my to do list.

@lynnwalker 4 жыл бұрын

Great information, thanks Peter and Kevin. Would love to see more videos on tenant/landlord issues and how to best resolve or prevent them!

@jgroenveld1268 4 жыл бұрын

3:15 yeah it is also in New Zealand - it is a component you add onto your house insurance (called renters insurance) where for a small additional fee it covers loss of rental income, malicious damage and gradual damage to your tenanted properties. Yes as stated there are requirements such as regular inspections (evidence must be provided for claims), etc. Unlike the Australian version which only property management companies can only get renters insurance - landlords who manage their properties can get it themselves. Highly recommended product and it has been a life saver for my Dad when tenants go vile.

@michaelniese5842 4 жыл бұрын

The houses on that street have nice landscaping.

@vlanza1999 4 жыл бұрын

That look like Ventura keys or Oxnard Shores.

@acebensen4626 3 жыл бұрын

My parents live on this street.. they are required to keep their yards up lol

@michaelniese5842 3 жыл бұрын

@@acebensen4626 your parents live on a lovely street.

@paulk9985 2 жыл бұрын

All owner-occupied... no tenants. LOL.

@downtoearth9 4 жыл бұрын

Question. If the people have several lawsuits ongoing, settled, etc., and insurance companies are usually involved, at what point would they be guilty of insurance fraud? (assuming the fraud can be proven) Are why are people allowed to continue the sue happy behavior without being held accountable? BTW. Love your videos. I have learned a lot. Thanks.

@USDRE 4 жыл бұрын

Not knowing a law is no excuse for violating a law... BUT if you hire a property manager, then you have plausible deniability.

@danbrow2480 4 жыл бұрын

Meet Kevin Excellent Interview. You are giving out great information.

@sammyalabamy111 4 жыл бұрын

Very informative Kevin, hopefully you can do more about topics like lawsuits and evictions and how to be a landlord....

@Guycodeacademypage 4 жыл бұрын

I self-manage; sorry, but the majority of property management companies SUCK. Don't believe me? Go to the Biggerpockets forum and you'll agree. For every good PM company there are a dozen bad ones. How to avoid getting in trouble with Fair Housing - accept the first person(s) who meet your rental criteria. Saying one needs a PM company because they're better is ignorance, just as those who think one MUST have a RE agent to buy or sell a property....

@gilsmith1459 4 жыл бұрын

Real property management is the worst they tried to rip me off for a deposit on a house I rented online when I met them at the property it was half the square footage but worse it was destroyed and full of dog smelly pop they then refused to return my money....visa helped me get my money back but it took 30 days in the intern I had half the money I needed to move on, very bad situation

@hiupanddown 4 жыл бұрын

maybe the professional tenants did the water leak themselves

@tenplus1025 4 жыл бұрын

Meanwhile in Texas....get your crap that the sheriff put on the curb! 😂

@erikt3162 4 жыл бұрын

Ah home, thank goodness for our state.

@TrailTrackers 4 жыл бұрын

Ten Plus : Same thing in Utah. I added a comment with example above.

@dynamicwellness33 4 жыл бұрын

Yep- this video should really be called “why you shouldn’t own rental property in California!”

@TrailTrackers 4 жыл бұрын

@@dynamicwellness33 : Actually, based on the video content, I would title the video: "If You Own Rental Property in CA, Get a Good Property Manager - Here's Why".

@syguzman5739 4 жыл бұрын

Ten Plus ❤ Don't Mess With Texas!

@ajayviswanathan123 4 жыл бұрын

If a tenant sue the owner in India, he can enjoy the property at the same rent till the verdict arrives (which is in like 20 F%#KING YEARS)

@KablethaKiid 4 жыл бұрын

If EVERYONE is in a protected class, wouldn’t that mean NOBODY is in a protected class? 🤔 Must be nice!

@keinlieb3818 4 жыл бұрын

If everyone is special than nobody is special.

@PTExp 3 жыл бұрын

Remember to stay on your management company and monitor them a lot. I’m sure there are good professional ones but the one we had (a well known company in our area) did absolutely nothing except collect their cut. House got destroyed and the manager had no oversight. Lesson learned; squeaky wheel gets the oil. If you have a management company, you have to stay on them and make sure they do their job. If you have no manager, you have to stay on the tenant and make sure everything is ok.

@Santamonicadrainco 4 жыл бұрын

By far your best video. Your not criticizing anybody. Your actually giving solid real estate investing advice. thank you. watched the whole video.

@TheStevedie 4 жыл бұрын

I've thought about purchasing property and renting it out but I've been shied away because of shitty tenants. Actually purchasing and doing maintenance on it isn't a big issue. Its shitty people.

@wwt17 4 жыл бұрын

I owned 5 rentals at one point and when one of those tenants moved out they rubbed dog shit all over the places their dog hadn't chewed up and pissed on. 1/5 for me. We sold 3 of them. The remaining two are rented out to family and a large construction company for middle management to use. Other than that, fuck owning property. Too much of a hassle for me. All you guys and gals that love it? Awesome for you! Keep at it! I'll stick with equites, options and futures.

@sl4983 4 жыл бұрын

I don't know many tenants that would do that, because that would end up on their credit and rental history. I don't think that's very common. I wouldn't get this insurance.

@gabrielagramonte6375 4 жыл бұрын

Meet "Dont sue me bro" Kevin

@mattonlineify 4 жыл бұрын

I am so Glad I moved out of Ca andd far from the Left Coast.

@gtrx17 4 жыл бұрын

Screening tenants is easy, use income and credit qualifiers, this avoids pretty much all those laws. Managmemt companies are only useful if the amount of your time spent exceeds the value of W2 job.

@MechanicalTrader 4 жыл бұрын

you're not remembering that the Peter Principle reigns, mediocrity prevails and there are few penalties for Americans to NOT follow rules and respect owners. The False accusal and the heckler's veto have been in the playbook of clients for about 40 years now. Living in Floriduh, I've had two instances that the Civil Judge has gone 100% AGAINST settled law. Yet I still win.

@JIANYM36 4 жыл бұрын

Well said

@mr.e8282 4 жыл бұрын

This is the kind of stuff I want to see. Thanks man.

@bwj999 4 жыл бұрын

I saw a slip and fall crook in Lowes through whole process over 15 minutes. Fall - Manager report - limping half way to his truck and then lighting a cigarette and start laughing as he got into his truck with his drug addict girl friend. These folks are everywhere do your background checks.

@JustinKenward 4 жыл бұрын

I enjoyed this video. A lot of interesting and useful knowledge. Do more videos like this.

@TheRealKNTX 4 жыл бұрын

I am an insurance professional in Colorado, and he is 100% correct that most agents don't understand the difference between an additional insured and an additional interest.

@davidhinojosa8295 4 жыл бұрын

Can you do background checks on Tennants to see if they have "pending" lawsuits? Is there way to get a red flag before getting them in the property to check if there are always filing lawsuits?

@juanmoreno-qk7zn 4 жыл бұрын

I need to know this too

@PCFLSZ 4 жыл бұрын

Background check services can provide court records with the subject as plaintiff and defendant.

@lifestylewithlexi 4 жыл бұрын

Most states have laws barring people from denying a rental based on prior litigation.

@PCFLSZ 4 жыл бұрын

@@lifestylewithlexi I'm not aware of any state with that requirement unless you are referring to criminal records. Even then, landlords are allowed to consider a record of violence or danger to people nearby.

@lifestylewithlexi 4 жыл бұрын

@@PCFLSZ here's a link to NYS ag.ny.gov/sites/default/files/changes-in-nys-rent-law.pdf

@lennyh4392 4 жыл бұрын

5 dollar fix for a water leak that caused mold, mold companies work off insurance to get rid of it, plumbers makes holes to access cause to repair, repairs have to made to make the area whole again and possible court fees faced to reasonably provide a safe environment for the tenant was not neglect form landlord or management co. I’ve worked in a lot of apartments where there was abuses from tenants who are ok in living in subpar conditions as long their rent don’t go up. And landlords who think if it ain’t broke don’t fix it, which only leads to some sort of equipment failure, rot, mold, etc. Regular maintenance keeps down cost, supports the service industry to get knowledgeable repair men, rentals rented, and less heartache on both ends.

@calcs001 4 жыл бұрын

Another amazing video by Meet Kevin. This is GOLD sir, absolutely GOLD! These are the videos that drive me here. Real world value, things I can apply today.

@mikehunt7080 4 жыл бұрын

In California, if you have a house guest for more than 3 days and they won’t leave, you need to give them a 30 notice to vacate!!! WTF?!?!

@johnburg6718 3 жыл бұрын

Thank god I live in Idaho where I can evict a tenant for absolutely no reason. I do not need to provide a reason for why I’m evicting a tenant. Now I would never just say I didn’t like them, but if they were abusing the property they are either gonna fix it or gonna get evicted. And for screening potential tenants. Always look at how they treat their car and previous house. How do they treat themselves? Are they clean.

@amolgill7480 4 жыл бұрын

Kevin can you make a PDF on the tips and tricks to do when screening a tenant. I believe selecting the tenant is the most important thing when buying real estate.

@moonbalancedd 3 жыл бұрын

I like this person Kevin is interviewing. Seems like an experienced and nice man.

@Moodtoodrude 4 жыл бұрын

Dont private mange unless you have experience. I have gone through countless hours of training, and continue to be trained in fair housing as new laws come up which they do frequently, I have been in the property management feild for 5 years. The fine here is $20,000 for violating fair housing. We cannot ask how many people will be in the home? That would be a violation, correct way to phrase that would be how many occupants will be residing in the home? It's too risky, pay the fee for a professional, I promise it's worth it. Google and read review for local PM company's, then have a meeting with them at your home, ask them what their screening is like, how much would they rent your home for?

@navysuit 4 жыл бұрын

This video isn't entirely accurate. There are exemptions to the Fair Housing Act. For example, owner occupied rentals with four or fewer rentals and single family houses without the use of a broker (owner can't own more than 3 houses).

@dylongarrett4779 4 жыл бұрын

*Getting sued by Grant Cardone, now tenants, next it will be Graham Stephen* 😂

@suttsd 4 жыл бұрын

Kevin isnt the one getting sued. It's the other guy in the video

@Twistedmist 4 жыл бұрын

7:30 don't you just accept the first person that qualifies to avoid this?

@claytonjames4779 2 жыл бұрын

For those who are house hacking, you don't have to worry about fair housing law so long as you A) live on site and B) have fewer than 5 units on the lot. So his comments about it applying to "everyone"is not true. It's called the "Mrs Murphy exemption"

@mgjpinkdash 4 жыл бұрын

On the flip side, my question is how do you avoid unscrupulous apartment or management companies? My biggest fear is being charged, as a tenant, for shoddy repair work or issues like cracks in the ceiling (we live on the first floor of a renovated 1950s building). I think lawsuits are a VERY last resort to make sure all things remain balanced and no one is taken advantage of. Mismanagement can hurt tenants, too.

@wazup3333 4 жыл бұрын

if they're truly unscrupulous then it will be very obvious and many warning signs

@mikechan231 4 жыл бұрын

I’m so glad I’m not trying to do this in CA place is insane.

@wazup3333 4 жыл бұрын

lmao

@downhomegirl5 4 жыл бұрын

Explain

@mikechan231 4 жыл бұрын

Truth Seeker hahaha, it’s 6 months later.....That was me response to what Kevin was saying, so I’m using his argument.

@brodelnaz 4 жыл бұрын

Any liberal state is a disaster

@minkymott 3 жыл бұрын

I had a rental property and the tenants quit paying. Went to a lawyer. He said, basically, she's pregnant and you can't get her out. Luckily we found a company that bought the house we were renting and they had to deal with her. They had deeper pockets. We could have gotten them out, but it would have cost thousands we didn't have. And these scum bags knew that.

@tokyodoru 4 жыл бұрын

whoa this video quality is crisp!

@mar91942 4 жыл бұрын

In my area (rural east Texas), if you're a landlord getting sued then a fairly big chance that you're a dirtbag landlord who cr@ps on tenants. I'm not saying you won't face the occasional litigious tenant but that's probably like 1% of suits filed. Most lawsuits revolve around landlords refusing to do anything about unsafe living conditions.

@julioramos8085 4 жыл бұрын

When you watch the begging half of the video then your battery dies, so you watch the whole video again without skipping an ad since you already know it’s a good video

@Stephen7475 4 жыл бұрын

10 years ago, my friend’s apartment had a tenant complaining about mold. I got suspicious and went with him to the LA Superior courthouse to look up cases by entering the tenant’s name into the self-service computer available to the public in the room where you file cases. Sure enough there was a case against his previous landlord. We hired some licensed air quality company to take some sample air quality tests and showed them the satisfactory results. 2 months later the tenant moved when he thought no fortune could be made here. i got to check out this Surevestor policy.

@danowolf 4 жыл бұрын

A situation where a tenant had a roof leak into a closet that caused mold. Did not report it to landlord. So push comes to shove and it starts to look like eviction is needed and renter says what about the mold in the closet you never fixed? (what mold in what closet? They never informed us) Then they call the city, county, etc. etc. before finally leaving. Leaving behind a mess for the landlord to cleanup ie. the mold and the report to the city and county that requires proof that the issue has been remediated. I'm fairly sure this was an attempt to gain concessions and probably to leave behind a poison pill if they had to leave. But the not calling and reporting damage then "springing" it on the landlord is a fun one to deal with. It was this first rental and experience that led me to get a property manager.

@byehl 4 жыл бұрын

So, this professional property management company doesn't have "Are these prospective tenants 'Pros' involved in a bunch of lawsuits" as one of their screening steps? Scary!

@Anon54387 4 жыл бұрын

Hopefully they modified their screening process after that.

@chilidog73 4 жыл бұрын

I cashed out and sold a house I owned for 5 yrs. Bought for 80k, sol for $120k. I should have kept and rented it.

@bradhaughton6698 4 жыл бұрын

After hearing all of that I definitely want a property manager for my first house I don't have the patience or the time to go through all of that.

@onelove7941 4 жыл бұрын

As an insurance agent, Mold is usually not covered. Mold isn't covered because the tenant or homeowner neglected to file a water claim as soon as it happened. Usually water damage is limited too. The verbiage that the insurance company may fallow is that water damage has to be sudden or accidental. Sudden and accidental such as a pipe burst. The water claim needs to be filed ASAP to prevent mold from occurring. Water damage from negligence is typically never covered. Make sure your insurance agent knows that you are renting your home out on a long term, short term or vacation rental. You need a specific policy for each case. I'm in Orange County, CA. Feel free to contact me at insureitbiz@gmail.com for what if scenarios.

@JayLikesGaming 4 жыл бұрын

Omg, plan to buy property to rent out in CA , but after watching this make me reconsideration.

@trueboxingkings3721 4 жыл бұрын

I'm learning so much from these videos. I own four properties, that's including the house I live in. My main home is at the Jersey Shore and my other 3 are in the Pocono mountains. Been thinking of renting two of them out. Never been a landlord before but I'm learning a lot from these youtube videos. Would you recommend a leased tenant or should I put those two houses up on AirBnB?

@markjamison9677 4 жыл бұрын

I’ve owned multiple houses and rented out and the biggest mistake I did was self manage the first one . After that painful experience I got property managers on the advice of my accountant . I found that trash will target people that self manage.

@kungfoochicken08 4 жыл бұрын

I've also noticed that bad tenants target self managed properties. I still self manage, but I screen my tenants thoroughly, never tell them I own the place, and strictly follow the lease.

@Jaacker 4 жыл бұрын

This vid is my fav of yours so far. But like them all. Closing my first min a week!!! Then fours months of work.

@MeetKevin 4 жыл бұрын

4montgs what are you doing?

@Jaacker 4 жыл бұрын

Meet Kevin BRRR method. Sort of. I’m a professional in hvac. And am using that, among many other skills I have to put in the management of the work I’m not doing. Along with executing my own. At the end I’ll add $68k equity. Along with pulling away with $15-20k out of the deal. To fund my next one. This is the first of many. My goal is 10 in 5 years.

@kayligo 3 жыл бұрын

I had to evict a roommate in Oregon. It cost filing fees and cost to serve them, so less than $200. It was actually pretty easy.

@melodeelucido1446 4 жыл бұрын

Kevin love your channel---and I'm from Ventura. BUT, in 15 years of having rentals in multiple states PM's have cost me THOUSANDS move than any tenant ever has. Legal piracy!! Maybe Peter is THE exception to this. I'll take my chances based on MY mistakes rather than my PM's LIES, OVERCHARGING, and pure laziness. GRRRRRR, whew, ok, rant over

@xuhe9287 4 жыл бұрын

Hi kevin, started watching you a couple days ago, watched over 15 videos you posted, great point. I am currently living in Camarillo, do you happen to have any meets in ventura county? Love to meet you if possible. Also, contacted peter’s company today and got almost instant response, gonna follow up with them tomorrow for one of my rental here. Keep up the great work and thanks for sharing

@bambinaforever1402 10 ай бұрын

I would NEVER rent my house. NEVER. ALL 💩what he says. Tenants will not pay rent and will destroy the house. Finding decent people is RARE

@walkermorales337 3 жыл бұрын

We had a tenant’s roommate vandalize my mom’s car, and I’m assuming they are also the one who vandalized my dad’s truck

@skcarter2 4 жыл бұрын

I’ve been sued, never lost so far.

@jimviens-realtor 3 жыл бұрын

yeah...insurance company settled because the amount they settled for was less than the cost of the litigation.

@Tiktokshopsecrets 4 жыл бұрын

I thought u we’re getting sued. Anyways good job! I gotta get on your upload consistency level.

@BizVlogs 4 жыл бұрын

What a great guy (the property manager) willing to go on camera and speak candidly about these topics. I'm sure he's very biased, but I'm interested in these ideas and will do my own due diligence on them.

@yovizx 4 жыл бұрын

This was very informative. Thanks!

@summerbreeze1725 4 жыл бұрын

Those palm trees are amazing!! You should get some for your yard. Where's Kevin's place?? oh, there it is!!

@KOKOFINANZAS 4 жыл бұрын

How much does it cost to hire a property manager?

@KOKOFINANZAS 4 жыл бұрын

Bigtombowski Thank you for the information lots of blessings for you.

@Stewie-th7lt 4 жыл бұрын

Between 5% and 10%.

@jamesianno 4 жыл бұрын

You have the best videos on real estate

@llmommom7735 4 жыл бұрын

I'm going to sue my landlord she hasn't paid the water Since February and there's a cut off 10 day cut off she refuses to pay for it even though it says in a rental agreement that she's responsible for water and trash now she's going to get sued neck my water gets turned off which it is

@dhowto3005 4 жыл бұрын

This was some helpful information. Thanks

@HellFire178 4 жыл бұрын

my fix for the fear of a tenant not being able to pay rent was being able to afford the rental even without renting. if you can front the mortgage payment independently without rental income, you know you can outlast any tenant, after all, once you file a case with the LTB they will be liable to pay for the time they squatted.. expect the worst plan for the best

@bighoss8793 3 жыл бұрын

They should have never rented to this tenant. A sue happy prospect should have never made it pass the screener. Don't you check court records? Major major fail. Very very embarrassing. Also I would have sniffed these con artists out during the showing. You need a experience screener with great instinct and intuition (You can't always go by the paper). Never ever stop using your mind and your gut to screen but duhhh.... you don't tell people they got rejected because of your gut feeling. They're supposed to be professional but it was an amateur mistake.