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All Forum Posts by: Adam Anderson

Adam Anderson has started 18 posts and replied 151 times.

Post: Are you allowed to screen tenants by appearance or dress?

Adam AndersonPosted
  • General Contractor
  • Midland, TX
  • Posts 160
  • Votes 24

You probably need to be careful. If you were to show a pattern of not renting to people because of the way they dress and that dress correlated to an ethnic group, you could be setting yourself up for a lawsuit.

If for example you decided you didn’t want to rent to people who wore kilts, you might find yourself in trouble with Scotts.

Granted how a person dresses will influence you, but you need a more concrete reason for not renting that their dress.

Post: Obama mulls rental option for some homeowners-sources

Adam AndersonPosted
  • General Contractor
  • Midland, TX
  • Posts 160
  • Votes 24

I came across this article on the idea of the administration to allow some homeowners to stay in their home and become renters.
http://www.reuters.com/article/marketsNews/idUSN1429265720090714?rpc=77

What happens when the former home owner can’t afford their rent? Mortgage payments are generally less than rent aren’t they?

This doesn’t seem like a solution to me it seems like putting off the problem.

Post: 3 1/2 more years of this left... but what about the next 4 after

Adam AndersonPosted
  • General Contractor
  • Midland, TX
  • Posts 160
  • Votes 24

I think it all depends on the economy. If things continue to get worse I think that the republicans will retake the Whitehouse and possibly a turnaround in the house at the mid-turn elections. If the economy turns around, then it’s another 4 of the Democrats.

Post: Seller hardship letter - is divorce enough?

Adam AndersonPosted
  • General Contractor
  • Midland, TX
  • Posts 160
  • Votes 24

It should be noted that a divorce can do nothing to modify the mortgage. Although one spouse may be required to pay the mortgage in the divorce agreement, this does not clear the other spouse. Your credit will be ruined if the ex decides to stop or simply can’t pay the mortgage and the mortgage holder isn’t going to care that the ex was suppose to be paying it.

Post: What does it take to get LEED certified?

Adam AndersonPosted
  • General Contractor
  • Midland, TX
  • Posts 160
  • Votes 24

Just a small correction that might clear up some confusion. Individuals become LEED accredited. Buildings, developments, and homes become LEED certified. An accredited professional is the one that dose the necessary paperwork so that the building can be certified. This would be an accreditation that an architect or a construction management professional would receive. The organization that oversees the certification of buildings and accreditation of individuals in the U.S. Green Building Council

To be certified a building receives points for different design or construction criteria. For example on the construction side you can get 1 to 2 points for Construction Waste Management. You receive 1 point if %50 of construction debris is recycled and 2 points if %70 of construction debris is recycled. Part of receiving the points is doing the paperwork to prove that you meet the criteria. On the design side you can get 6 points for Public Transportation Access if the building is within ½ mile walking distance to a subway, or ¼ mile from a bus stop. Depending on the # of points a building is certified Platinum, Gold, Silver, or simply Certified.

As far as benefits to certification, it can be used as a marketing tool. The construction cost of a LEED building is more, but over the life of the building those costs are offset by decreased utility and management costs. I believe that the breakeven point is about 7 years.

There are many municipalities that are requiring buildings to meet a certain LEED standard, and many government building are required to meet certain LEED certifications, so it is something you should at least be aware of. This applies only to commercial buildings as I have not here of any requirements from a government on residential homes.

Post: What time do you wake up/start your day?

Adam AndersonPosted
  • General Contractor
  • Midland, TX
  • Posts 160
  • Votes 24

5 or 6 am

Post: Sheriffs Refusing Evictions

Adam AndersonPosted
  • General Contractor
  • Midland, TX
  • Posts 160
  • Votes 24

Wow! I don't know. Sue the sheriff department and piss off law enforcement?? Talk about a rock and a hard place.

Post: My Fault, Again.

Adam AndersonPosted
  • General Contractor
  • Midland, TX
  • Posts 160
  • Votes 24

It would probably do no good to inform the woman that only 1 big check bounced (rent) instead of several small checks(other bills) and that it probably saved her money.

Post: Possible deal - could be fishy

Adam AndersonPosted
  • General Contractor
  • Midland, TX
  • Posts 160
  • Votes 24
Originally posted by Eric W:

1) Can I write a contract that protects me enough for me to invest the cash to fix it up when I don't own the property so that when it's sold I can get my profit? What if she decides not to sell? Can I write it up so that I can take the rental income from it?


What about a contract that gives you the option to purchase the property for $50,000. in exchange fot the work you will be doing?

Post: Commercial tenant - lease ending want month to month

Adam AndersonPosted
  • General Contractor
  • Midland, TX
  • Posts 160
  • Votes 24

Could you have a 1 year lease with a provision for terminating the lease with 2 months notice on condition of them buying a new location?