All Forum Posts by: Brian Mathews

Sell condo.   Pay off consumer debts.    Put cash in the bank and build up retirement accounts.    Take $100k, put towards primary residence and refinance to a lower payment.   

Unfortunately Ryan you took me out of context and deleted the second part of my post in your response. Please take the time to read posts before responding in the future. You deleted the part where I stated FOLLOW STATE LAWS and the other part where I said DETERMINE IF IT HAS VALUE. In fact I gave a specific example of a situation where a vehicle had considerable value, but in other cases there could be no value. Most states don't require you to store items of no value. For example a junk car that would only fetch $50 from a junkyard for scrap metal is probably under that value. If you did push a vehicle like that into the street, the city has a legal process for marking abandoned vehicles and the impound has a legal process for contacting owners to pickup the vehicle. The vehicle owner would need to pay the towing fee and storage fees. 

Lets be realistic, the type of tenant that leaves property such as a vehicle when moving is very unlikely to take a landlord to court. It is even more unlikely that the tenant would have taken a picture. Then to say a judge would accept that as proof of where it was left, is unlikely. Then to say someone could be arrested is a major stretch. The obvious question is what harm was done by putting it in the street? The impound lot will let the owner pickup the vehicle if they pay impound and storage fees. That is not different than a property owner charging storage fees. In fact you are probably better off dealing with an impound lot than an angry landlord. Some states will allow the landlord to have the vehicle impounded from their private property.

Bottom line is determine value. If it is not worth your time based on value, get rid of the vehicle. Items of no value have no storage requirement in most states. Follow your state laws.

 Don't feed the troll.   Unfortunately I did.  

 The reason why it takes a while to get somebody out is because the warranty company is the low payer.   If I have a choice of running a call where I'll get paid quickly and at my rates vs low pay and hassle.   I'm putting off the low pay person.  

I'm an hvac contractor and have spoken to a few of them.   My advice is to self insure.    Their MO is to deny everything they can and for me to find things not covered so I can make money since the warranty company does not pay the contractor much.   Its so low that there is no way I could possibly afford to do the job with their pitiful pay.   So the guys you will get are going to be the new businesses or people incapable of getting work themselves for whatever reason.   To do the work, I'd have to hire the lowest paid, unskilled person available just to break even.  

 I'm guilty of it.   I caught myself last night after I got trolled.  I almost shot back but then remember the old saying best to keep your mouth shut and let them think your ignorant rather than open it and remove all doubt.     Regardless of what was said.   I've had the situation 3 times where a vehicle was left.   The cops told me to push it  in the street and play dumb basically.     I had a buddy that had a rental, we waited for the cops.   They said what you said in regards to the bike, but off the record said to push it to the street.   I had it happen 2 other times as we used to do trashouts and cleanups in a company I used to own.    Cops said the "official" line then not in so many words to get it out off the property and they'd handle it.   You can call the cops irresponsible or law breakers or whatever you'd like.   But they're people as well and understand the situation and really want to help out.   

 Funny I didn't see you standing behind me when 1 cop told me to my face he couldn't do anything with it, but to push it to the street after he left and they'd take care of it on a buddy of mine's rental when I helped him push the car to the street.     Or the other 2 that I spoke to on the phone about it on some rentals we were clearing that had junk cars left behind.   Will they admit to telling you that?  Nope, but they will tell you unofficially what to do.   I'm not sure who would leave a functional motorcycle behind unless its stolen .  The value of scrap on the bike is less than $100.  I sold a mini van a year ago and it's scrap value was exactly $400.    Yes you can part it out and sell it for a little bit more.   But thousands is certainly a stretch.   Who has the time or inclination to do that?  If the dude is so desperate for money he has to resort to parting out a motorcycle.   He has no business owning a rental.   Maybe he can collect the beer cans the guy left behind as well for some additional money.   

 I guess that makes cops stupid.    That is what they will tell you to do.    Cheaper than storing it.   Logically the bike is a piece of crap, otherwise the person would have taken it with them.   So now you are going to spend all sorts of money on top of storing  all their other crap, to get a title changed over to a bike that doesn't work and they pay more money to get this bike working.   Sorry, that sounds stupid to me.   But who am I to judge?  

I've got a BK from about 10 years ago.  I changed careers, took a large pay cut.  Had it all worked out.   Wife is a nurse, I'd recover my wages in about a year.   Then she got hurt at work.   She had to quit due to them forcing her out and we had to eat a lot of medical bills.   That and my pay cut crippled us.   I tried to work out with creditors and they told me to suck it . I was backed into a corner and did what I had to do.   We're all good now.   

Just put it on the market and see what happens.  Hire a realtor that is hungry.   

I wouldn't do it if its your first deal.   There will be mistakes made and they will be expensive if everything doesn't work out.