All Forum Posts by: Bjorn Ahlblad

Check out the zoning by going to the counter yourself. That may influence the price and restrictions/use of the property. Remember the seller and seller's agent do not have your success as a priority regardless of what they may say. All the best!

My advice is don't give it a second thought. I don't talk to family, or friends or co-workers about what to invest in, not invest in, or what I invest in. I look at exchanges of ideas only on here.

Between us, best is to have some money in both especially when interest rates are high. All the best! 

Do a little digging to determine his schedule at work-if he even goes there. Find out what he looks like and have a 'chance meeting' with the owner if possible. That's where I would focus my effort first. 

I have had the same insurance company for over 30 years. I shop the policies every two years and make sure that the current company knows that. Along the way I have gotten quotes from brokers as well as agents.

In 2015 we moved from Ca to Wa, sold our properties-rentals and primary and bought new properties in Wa. We were able to keep the same company for everything except EQ. 

Earlier this year the company threatened to cancel several policies due to older buildings, potential flooding and fire danger. We were able to rectify their understanding of where these buildings were actually located in relationship where they thought they were. 

With the help of the agent we negotiated a list of needed updates to an older apartment building for electrical and plumbing retrofits to keep up with more modern standards. That process alone saved us a bundle of time and money.

Where am I going with all this? Insurance is getting way more expensive than we might have envisioned and we needed to see it as a relationship more than an expense and just switching companies-which would not have worked anyway. At least that was our take away here. 

All the best y'all!

With that headline I thought you would break the Internet or at least BP!

Our folks do that method too. I called the code enforcement folks to volunteer, they responded favorably and I like that. Even gave me a big discount.

 Interesting, I have not bought anything new since 2017 and have no intentions of doing so. My picture appears to be the same as prior years. All the best!

Mandatory inspections are not uncommon. I'm not anywhere near KY but one of the three counties I invest in requires inspections. My ads include "all properties are inspected and approved by blah blah". It is OK. Lemons and lemonade.

Revise the existing lease, cross out the PM's name, insert yours, and you and tenant initial. I have probably  missed a thing or two along the way...........best of luck.

There is a lot to know and you don't want to introduce too much new risk. Read the NOLO legal guide for your state as well as "Managing Rental Properties" by Brandon Turner.

Create an addendum to ID new LL, how to pay rent etc. Don't trivialize what you are doing here it is not without work and risk. Don't do it just because your tenant says so. All the best!