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Updated about 2 years ago,

User Stats

40
Posts
15
Votes
Rommel Pascual
  • Real Estate Investor
  • Vacaville, CA
15
Votes |
40
Posts

Stop the bleeding! Need advice!

Rommel Pascual
  • Real Estate Investor
  • Vacaville, CA
Posted

I am an out-of-state propery owner had invested in a property in Warren, Michigan and rented it out for several years. I bought it through Roofstock and assigned one of their PM partners. Through the years there were several major items that needed to be fix, HVAC, water heater, and some minor items. I asked my PM to raise the rent to recoup the cost and stay up with the market. It was against his advise but we did it anyway. Fast forward to today, the tenant had to be evicted after raising the rent and took 8 months to get the tenant evicted. We spent another 2 months and $20000 later to have it ready for rent only to find out the city tagged it as vacant and needs to get a City Certification from 5 inspector. This was the quote from my PM

"What happens when a city finds a house that was rented wo a license and or vacant like this they will only issue the c of o if they do an all trades inspection. To order the inspection some individual person that resides in the state of Michigan must sign for responsibility. Meaning they will have an individual to come and arrest (yes it's a legal issue) if the inspection is not completed to pass within the time frame allowed.
It is a risk for the person taking responsibility as if the owner doesn't have funds or comply the person that signs the affidavit is liable."


I'm open to suggetions since I'm out of state and can't sign for the certificate of inspection nor have anyone willing to do so. I'm also afraid there will be more findings = more money that needs to be fixed in order to get it rent ready.

Regards
Rommel

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