All Forum Posts by: Steve Smithy

I have heard of others doing that if there is a separate entrance and the basement is fully secured from the apartments in the building. 

I think if you can't sell it within a week in this market you are stuck holding it for awhile.  If the market doesn't crash and take your home price with it, you can sell later.

So they are giving you the entire months rent rather than collect?  Sounds to me like these might be difficult tenants that don't pay on time or regularly.  Anything collected after closing is yours, so I would insist that you keep the 5 days of rent and not have to give it to the seller after closing.

You need to establish on the first day you own the property that they need NEW leases and deposits, that the pets are not ok (or are with a fee if you want), and be strict.  Do they even have leases now?  The 5th seems like they are a lazy landlord!

I don't understand, why would you need to pay $3000 to learn about syndications?  I presume they also have their own syndication deals that they offer you after you take the course, so paying $3000 on top of giving money to them seems silly to me.  They have a pretty website and photos though, but I wouldn't pay more than $100 for an online course, especially one that seems to really be a sales pitch in disguise!

Mobile/Manufactured homes are considered vehicles in many states (hence the VIN - vehicle identification number), so it would probably only have details about the features the home came with from the factory.

If this is for a pre-fabricated home that is on a regular foundation and such, the manufacturer would be able to tell you about the VIN.

Either way, just like with anything used you should make sure you do a full inspection on it so you know what you are buying first!

I am presuming this already is considered a legal unit, likely grandfathered in due to age.  As long as you don't change anything and it was legal before it should be legal now I would think.  You would have to check with the building department of the town/city.

Why would you need a special cleaning company for covid-19?  I thought they found the virus can only live on surfaces for a few days to a week at most.  So if the house is empty for a week nothing should be needed related to COVID-19 ( https://www.sciencedaily.com/releases/2020/03/200320192755.htm )

1 - Regarding filing an insurance claim, if there is damage to be repaired such as replacing all carpets I would yes.

2 - I would think the downstairs tenant already knows if the neighbors know they died.  You don't have enough information yet and all you could do is cause more stress by talking about "what ifs" now.

3 - I think that depends on your state if the lease is passed on, but I haven't heard of that before.  I thought it would go to an estate probate eventually for debts but I think that death is considered something that lets them out of any leases.  They can pay you anyway if they want to but I don't think you can force them to legally.

I'd wait until you have more information if you have to replace carpets and if they died of coronavirus or not before doing anything, give it a few days or a week.  I suspect you'll just be replacing carpets in that room if they had sat there for awhile and the rest of the house is probably ok.  Don't go into the unit until you get the all-clear though!

Of course!  Unless its a for-sale-by-owner in which case there is no realtor fee, they should be thrilled to make an offer for you.

Aren't hospitals desperate for nurses and staff now?  I would think if she is recovered she could get a job in a day!  What hospital would fire her for getting the obvious sickness that everyone expects?  Sounds like something else to me and coronavirus is the excuse.

I'm not in Nebraska, but in Massachusetts unemployment takes over a month to start receiving during normal times when the government isn't shutdown like it is now, and taxes take even longer (unless she goes to H&R Block and they do instant refund for a fee).

Realistically, I wouldn't evict them just yet though, I would think that some rent is better than no rent right now.  Just keep calling and asking about the rent so they know you expect to be paid back.  Is there other COVID-19 assistance in Nebraska that can help?

Did you sign something specifically saying that the buyer is representing you for this property?  If you made an offer that is likely the case.  You can always fire them but you might not be able to prevent them from taking a cut of this deal.  You can always just go to them and say "I'll pay you X to agree to this small fee otherwise I am walking away".