All Forum Posts by: Adam Galal

 Great. Can you send me his contact info?

Hello,

What are the finance options for a rehab property? I am interested in doing a fix-flip in Cleveland OH and looking for financing options

Hi All

I am new into real estate and being a landlord. I was wondering if its possible  or even legal to charge a tenant 6 months ?

10% of the monthly rent and 1st month rent.  Buy it wasn't rented so they didn't take anything. 

Thank you all for your replies and inputs

In regards to the rent price, their recommendations are way below the prices I am getting from my research and also way below what the previous owner was getting (he showed proof of the rent collected and that was a year ago)

For the work they keep doing, when I first signed with them we agreed to work be completed and agreed on the cost. but then they came back with additional work on two different occasions (both less than $500) but I would argue that I should have been notified.

For the lead, I am aware of the law but again $850 (which is a significant amount for me) but I would have liked to know in advance.

I have a call scheduled with them tomorrow morning for further discussion. I don't want to be unfair to them but also i want to reach a decision that is fair to me.

I recently closed on my 1st property in Cleveland and it has been a nightmare dealing with the property management company I hired. They haven't been able to rent it out claiming that I am asking for too much rent and the bigger issue is they keep doing unauthorized work and billing me. Although the agreement indicates that they can do work for less than $500 without my prior approval, I asked many times that I would be at least notified before the work is done. Recently, they are billing me $850 for lead inspection in which I said to them I would do it a later time but they went in and did it anyway. When I expressed my displeasure and said I won't be paying they threatened me with putting a lien on the property.

They claim that the pending balance is $1066. But I strongly feel I don't owe this because I didn't authorize the work. Can they really put a lien on the property? and what is the impact if i don't pay, does it go into foreclosure?

I would appreciate your help and advice.

Thanks

Adam

I recently closed on my 1st property in Cleveland and it has been a nightmare dealing with the property management company I hired. They haven't been able to rent it out claiming that I am asking for too much rent and the bigger issue is they keep doing unauthorized work and billing me. Although the agreement indicates that they can do work for less than $500 without my prior approval, I asked many times that I would be at least notified before the work is done. Recently, they are billing me $850 for lead inspection in which I said to them I would do it a later time but they went in and did it anyway. When I expressed my displeasure and said I won't be paying they threatened me with putting a lien on the property.

They claim that the pending balance is $1066. But I strongly feel I don't owe this because I didn't authorize the work. Can they really put a lien on the property? and what is the impact if i don't pay, does it go into foreclosure?

I would appreciate your help and advice.

Thanks

Adam