All Forum Posts by: David DuCille

HOLY ****! How did this become a 4 page thread.  Steve, I'm sorry man but while I get what you are saying ultimately your saying you have people that can't do their frigging job of paying some attention to detail and doing math.  With calculators and computers, this should be a no brainer.   Not to mention all the other areas where you are getting "uneven" numbers.  How about this, I apply for a mortgage to you and I just round my income up from 85k to an even 100k?

I always knew mortgage people sucked at math so this is no surprise! Seriously though, this sounds like something an REO bank would do on a short sale approval. Sometimes people take formulas a little to seriously.

Jews believe 18 is a lucky number so I have seen things in multiples of 18 (36,54,72,90) but that isn't the case here.

seems to me that based on florida law the tenants that are still there and who have been there for some time now effectively have a tenancy at will of a month to month nature.  so you can start eviction proceedings as you would for any other type of non payment situation and should be able to get them evicted.  Now obviously, that isn't what you want, you want them to stay and continue to pay.  You should certainly tread lightly and give them some time to grieve but they do need to understand that it's a business and if they can't pay you, you can't pay your mortgage.  Give it a maximum of 2 weeks for them to get a plan in place to get you paid and if you don't see payment, then you should definitely consult an attorney.   Hopefully you have a security deposit that will at least cover you for a months rent if for some reason they aren't able to pay and let this be a lesson to you that you should make all people over the age of 18 in the home be on the lease.

You are going to learn that there is ridiculously low inventory in the Tampa/st. Pete Market.  Finding deals is definitely the hardest part. As you correctly me too ed, there isn't a lot of multi family properties here, single family rentals do fantastic here (I have 6 of em) but conventional mortgage rules make it difficult to purchase when you surpass 4 mortgages.  

Good luck!

 nope friend is definately off the list.  says he bought the property in 2016.  The hearing occured in may of 2017, this letter is dated june of 2017.  What in the hell was the friend doing during this time period?  my perusing of the municipal codes looks like you needed to pressure wash a tile roof and paint the exteriors as the main things.  Then maybe there were some problems with dumpster or trash pickup?  everything listed is all very simple easy to correct stuff.  

Glad to be of help.  If it's not at the lien stage than title may not pick it up.  A good realtor should be searching public records like I did and help you out but a lot of this you can do as well thanks to the internet. Tonight is a holiday but I will review all the details of our Florida real estate contracts as I know there is a section that discusses cooperation from seller with closing out of permits, liens, etc

https://library.municode.com/fl/coral_springs/code...

go to section 8 on exteriors.  coral springs is VERY specific on what you must do to your property.  sounds like you guys aren't in compliance.  got any recent pics of the property?

https://www.coralsprings.org/government/other-departments-and-services/code-compliance/code-compliance-process

google street view only has pics from 2011.  looks like a multifamily property. Coral Springs is Boca area correct?  Bougie snobbie places like that probably have a LOT of rules about exteriors which is what all of your violations are related to.  I mean, they cited you for "roof discoloration" which sounds a bit crazy but if the tile roofs have pollen and junk all over them they may want you to have it cleaned.  This sounds a bit much but like I said, if this is a high end area it's totally possible!  More importantly though is the fact that even if they are being crazy, somebody who got these notices ignored them for MONTHS.

You can personally try to contact code enforcement and plead your case that your crooked property manager screwed you and that you are going to get compliant.  Realistically, you need to get it compliant ASAP.  Most municipalities are forgiving when you a buy a property and inherit these issues provided you take care of them quickly but you already own this property, they may not be forgiving