All Forum Posts by: Corby Goade

How much are the delinquencies? Could you pay them off and still have a deal that satisfies your requirements? If so, talk with the seller and your attorney and draft something up where you pay off the HOA before the sale as a condition of the terms you've agreed to. The owner could probably be convinced to drop the price in order to have the HOA paid off before the sale. Anyone who wants to buy the property will have the same problem that you are having, so that's motivation for the owner.

Hi Nicole- I would call the contractor and tell them the situation. I'd probably say something along the lines of "I know this sounds a bit ridiculous, but..." and ask if they would please clean the AC out to appease the tenant. If they are a good contractor and understand that you are an investor and may be a good source of work for them, I would think that they'd be glad to do some quick and simple clean up for you. If they refuse, they probably aren't a good partner and I'd just suck it up and go clean the AC myself. Best of luck!

I have a tenant that gave me their 30 day notice yesterday, which was cause for some serious celebration. Almost every interaction I've had with them over the last two and a half years ended with them threatening to sue me (dryer isn't working, "we're going to sue." Coming to fertilize the lawn; "this is our home and we don't want you here, if you show up, we'll sue.") Of course, they've never actually sued, because they have no idea what they're talking about.

So, I told them that I would be showing the house over the next month, and the lease allows me to have reasonable access without permission to show the house within 45 days of them giving notice. I've told them that I would give them at least 48 hours notice, and they've told me that they'll sue if I don't pay them $50 each time I show the house, because they are worried that I will show the house to a registered sex offender. But I guess It's okay to have a registered sex offender in the house if they get $50? Obviously I will show they house, and give them the notice that I promised I would.

My concern here is that I don't believe they will be gone on July 2nd, as their notice requires. I will have a new lease in place and new tenants ready to move in. How can I be proactive about this so that I don't have a nightmare on July 2nd with a new tenant trying to move in and the old tenants still living there and refusing to leave?

Thank you for the advice and the article. Reading it now...

Thank you, Alexander! I am sure I will be in touch.

Thanks for the advice, Jay, I appreciate it. I would be very interested in reading your book- where can I find it?

Who has done this? What struggles and victories have you experienced?

Thanks Joe! As much as I'd love to have a place in NYC, it might take a few lifetimes of good deals to get there. Always impressed by people who find a way to be successful in real estate there- go get em!

 Thanks Jennifer! I love NOLA and have spent a good deal of fun time there, but haven't really dug much into the market. I would not be opposed to owning property there. 

 Hi Bob- those numbers sound great! You do that from AZ? How much of a headache do you have in long distance ownership? Found a good property manager I assume? How often do you travel there? Do you invest in other parts of the US as well? Sorry about all of the questions!