All Forum Posts by: Jason Eyerly

I just sold a condo here in Vegas for $60,000 that rents for $750/month. The investor that bought it is getting an 8.5% CAP. Maybe slightly higher since I had exaggerated a few expenses.

 Sorry, but you did say you told her via text. So calling her a list because this conversation never happened is making you look arrogant. Sounds like you should pick up a PM company or you won't be a landlord for long. Judges and jury are going to favor the tenant usually. Your case just makes you look even worse. I don't think you could find a lawyer to touch this unless you're paying a hefty retainer to compensate for the poor guy knowing he's gonna lose. 

I really don't feel bad for you, either. You put yourself into this situation, failed to deliver multiple times, and now you want help worming your way out of it. Shame on you. Expect to see you in the landlord hall of shame soon with all honesty. You pretend as if you're tenants time is of no value. 

If "need be"? Yeah, need be. Need be the first time, the second time, and now the third. You mistake the tenants agreement to let you deliver as Friday as a waiver of your promise to deliver or else - What did you expect? 

Seek consultation elsewhere. You won't find anyone to help you out of this one, not here. Again, shame on you for even bringing this up. 

 History doesn't repeat itself, but it often rhymes. If they tried to screw you over with some shady maneuver I wouldn't put it above them to try it again down the line. I personally like to use professionals that I don't have to inspect and advise on how to do their jobs. While you do like Nationwide, I'd think you'd be better off going elsewhere. 

@Bill Gulley I only pray that your website developes further and begins to share the depth and quality of your knowledge in the note, broker, and compliance field. This is what I'm waiting to see. I've considered pooling investors. At least now I better look at tacking an NMLS membership and whatever ungodly fees come with that onto my regular real estate expenses! 

I think this is hilarious. This is a total no go if you ever want to sell the property. Is he an artist or is he a licensed contractor? You can't be both. So it'll either be to code and look horrible or look great but not be done to code. When you go to sell this thing and find out half of your plumbing runs up Hill and the electrical was wired backwards, that leaky water heater will be the last of your problems! 

Call us crazy, but giving out a lockbox code in my area can result in suspension/revocation of your license. I like that these new electronic boxes keep track of who's accessing them. I wouldn't even use a mechanical box nowadays. 

Post a 24 hour notice of entry and inspection and check the place out. Then make the lease or no lease decision. If you want, give thirty day notice and on day thirty start the eviction if she's not already gone. 

I'm an avid poker player. Call her Bluff, you have the better hand here. If she leaves, so be it. There's always someone looking to rent a place. She's not the world's only tenant. 

I'm still working on it. I have bad credit, so I used a student loan disbursement to get my Salesperson license and property management permit and it has been paying me back since. Slow and painful process at first but I'll get there. My goal for 2016 is to fix my credit and have $10,000 in a brokerage account. That's just a few good deals the way I see it.  

At the moment my broker doesn't allow it. They claim liability yet they have a property management lady. So I'm not sure. I'm hoping I can change their mind after I get my permit. Or change my broker. The spotty sales income is just stressful and creates a conflict of interest because of course I want them to buy every house available, lol. I need a stable income to base my life around while I work sales. My fiancée will be getting her license soon so that should help. 

 Thanks! That's kinda what I was thinking. When investors want to buy and sell they'll know who to go to. Should help me speed up my sales side.