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Updated about 14 years ago,

User Stats

100
Posts
14
Votes
Jak Dadi
  • Real Estate Investor
  • Saratoga, CA
14
Votes |
100
Posts

Continued lessons in RE investing

Jak Dadi
  • Real Estate Investor
  • Saratoga, CA
Posted

Our 5th offer was recently accepted...well..we made close to 8 offers in the last month and this was the only one that was accepted....all the offers were above asking price, but I guess the market was heating up in East Bay. If we close on this triplex it will be our fifth property, assuming we also close on another triplex that has been in escrow for over 2 months.
As we try to become smarter about RE investing...some common questions pop up
- maintenance work is done by folks who are individuals...how do u cover yourself if any injury happens during the work...or do u work with contractors who waive any liability
- we had someone collect the rent earlier but now are insisting that tenants mail the rent to PO box. How do u enforce late fees?

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