All Forum Posts by: Danell Lynn

Thank you for all the replies.

Property is sold, was a very quick listing and sale turn around! Very pleased. @Peter Davis was great to work with.

Danell 

@Peter Davis you are wonderful, thank you for your offer to help with this, was great working with you. Cheers. 

@Peter Davis you are wonderful, thank you for your offer to help with this, I have messaged you the address. Cheers. 

@Peter Davis thank you, I don't think I need an attorney at this point, I will review it again, I had already but am so new, and not the best company. I have some documentation, but was so new to this, and now have land I would like to sell (which I believe can be done in custodial IRAs, just like real estate houses in custodial IRA). Looking to see what my land would go for and if worth pursuing this year or if I should continue to hold the property.

I have a great piece of property in Cape Coral, and a relative owns a few more, we are seeing the great sales in our area happening and looking to possibly sell. Not sure the first steps, as not and out and out regular sale. 

Years back I got involved in an investment marketing group, buying big corp. I purchased land within a Custodial IRA by rolling in one of my retirement accounts, I would like to try and sell my land as online it looks to have gone up a lot. I am not sure where to start, do I hire a normal real estate agent in the area to sell my land and then provided them with the custodial account information...has anyone gone through this?

I hope this makes since. Thank you for those that have experience in this, and looking for those that have moved land in a custodial IRA and then moved to another brokerage. Thank you greatly. Danell

Thank you so much @ClintBolton It is unfortunate, but thank you so very much for all your details, right now I am trying to get them to answer if they are going to collect my rent...or if the 15 day past due rent is why they are non-responsive, my fear is that they are giving 30 days notice so they will not have to do an eviction as my renter has not paid for Nov. and I will for sure be providing formal complaints as I have loads of emails as evidence to their lack of basic property management. I am really trying hard not to let it defeat me, but I feel at such a loss from so far away, tomorrow it should help in talking with a new company hopefully they will be able to help me navigate through this. Wishing I had your knowledge but I guess all learners have to start somewhere. :)

I bought a property last Dec. out in Pascagoula, MS and used the property management associated with the real-estate company, I flew out there, saw the property and like the agent...fast forward to when I was back out of state, I emailed over a few questions about some fees that had been deposited back into my account after months of having a renter (which btw - I had to ask them to list the property for rent after 1 month of not seeing it listed anywhere), the owner said if I was going to ask questions I should find someone else...

this is my first go at real estate investing, although I had read a lot and listed to a lot of podcast for a year or so before, I felt like he was attaching me when I called. Fast forward to having only emailed a few times in the last 2 months, both went unanswered, had a warning from my mortgage company that the hurricane may have damage it so I asked for  a virtual walk through....silence... (also import to note is part of their sale is every 60 day property visit and photos updated on Buildum site...they have never posted one picture in 11 months). 

Today I sent a very professional email, as my renter is late over 15 days and according to my management contract they will contact me by the 10th is issues for rent/monies, and I had heard nothing, they also never respond to a visit or pictures of my property...and then he responded to my email with 30 days notice to cancel on agreement, I need to find new management...

I was already looking but thought I had to go through March as a renter that they provided is through March, I am needing a bit of mentor support on what then happens to the tenants monies that are in escrow from move in, do they need to transfer that to me, or to a new property management company? Are they liable for the services for the next 30 days, meaning are they just not even going to contact the tenant for the late rent /fees? 

I have never posted here - but research often to help support my learning but really wishing I had a mentor right now to help me navigate this nightmare that I thought I worked so hard to not have happen...I am nervous as an out of state investor and knowing no one with integrity in the area to check on my property....

I have already emailed another management company that I found through Bigger Pockets threads, I hope to hear from them tomorrow...but thought I would post to the brilliant mind of BP and see what might come of it. Thank you for helping to support a new to realestate and overwhelmed educator. -Cheers. 

@Todd Keith please email the numbers and info to [email protected]

What is the current bill for the electric and gas that owner is covering for tenants, this is an expense to the income as it reads that they are not currently paid by the tenant-correct?

Thank you

Which unit is for sale, is the rood repair for the entire building? Can you please message me any repairs that need done beside the roof, as $15,000 seems quite low. What is the neighbor an A, B, C or D area? Thank you.