All Forum Posts by: Charles Carillo

@Brandon Simpson

Why can't you list the property for rent online? If someone were going to rent an apartment in that town, how would they find a rental? I would list the unit for rent online and see if you receive any calls or inquiries. If not, maybe this town has minimal rental demand, in which case I would probably pass on the deal.

@Natalia Perlova

I probably wouldn't do anything. He's hopefully leaving this month, and if he doesn't, that's when I might consider consulting an attorney. Once he is out, you can clean and prep the room quickly and start showing it. 

@Jason V.

You can have them sign a month-to-month lease; otherwise, it becomes a verbal lease. Are they very sure they will only be there for 2 months? If they are not sure, I might have them sign a month-to-month lease at the higher amount. Different states have different rules regarding verbal or oral leases versus written ones.

@Jessica Violante

Have you ever looked into using independent insurance agents? For example, State Farm agents are captive agents, meaning they are only authorized to sell State Farm insurance (as I understand it, Farmers utilized a mix of captive and independent agents). An independent insurance agent works with multiple insurance companies to provide a broader range of policy options to clients.

@Rob Carey

Have you ever looked into using independent insurance agents? For example, State Farm agents are captive agents, meaning they are only authorized to sell State Farm insurance. An independent insurance agent works with multiple insurance companies to provide a broader range of policy options to clients.

@Montse C.

We have partners who are foreign investors. DM me, and I will send you contacts for attorneys, lenders, and accountants they have previously used. It is important that you hire professionals who have experience working with foreign investors.

@Paul Larsen

I would suggest speaking to local banks, and credit unions. Whenever I am having an issue with financing, I normally reach out to local institutions. They are much more reasonable and are more intertwined in a community than some lender states away. The credit committee is usually made up of local people who are familiar with the market they are in. Lastly, they like building relationships. Once you find a lender that finances properties similar to yours, start building a relationship.

@Javier Rosales

This sounds like the "Subject To" strategy, where a buyer purchases a property and takes over the responsibility of the seller's existing mortgage, without the lender officially transferring the loan to the buyer's name.

@Andy S.

Have you checked with any local banks or credit unions?

@Leyha Williams

You should replace the galvanized plumbing immediately. Galvanized pipes are steel pipes that are dipped in a zinc coating. After years of use, the zinc/galvanized coating diminishes, and corrosion begins. When that happens, the mineral deposits start accumulating in the piping, which reduces water pressure (what you are witnessing). Next (if it has not already happened), leaks could begin and harmful water pollution.