All Forum Posts by: Daniel H.

Looking to pave/gravel a large back lot and small driveway. Currently dirt and uneven so large pools of water form after rain. Was thinking of using r.a.p, Someone told me that asphalt grindings are better but they are more than double in cost. Anyone used r.a.p.? Does it hold up okay without ruts, okay to plow, etc?? How thick should I lay it?

I forgot to mention that they are month to month rental agreements. I am sending the notice now, I will send something for them to sign and mail back next month.

I think some of my tenants may get scared and not pick up certified mail from me..

I am sending out notices to some tenants informing them of higher rents that will be starting in a few months from now. My concern is that they will still pay the old rent when it is time for the increase and then if I have to take them to court they will say they did not receive notice and I will possibly have to serve again and wait 30 days.

I could have constable deliver but cost is $40 each tenant. How about certified mail or some sort of mail with a receipt of delivery? Suggestions?

Was wondering what would happen if I gave notice to terminate a month to month rental agreement to a tenant and then they did not move at the time the tenancy ended? Would I have to go through eviction process? Or would it be more smooth since they already received notice and tenancy is over? I have the right to terminate the tenancy at any time w 30 days notice.

Yes, that unit is below market. It is month to month, not on a lease. Was wondering if I can start right away collecting the higher rent rather than wait a few months after I take over.

I am purchasing a new 3-family building. I would like to raise rents immediately on one of the tenants. Can I have this done by the existing owner before I take over or will I serve a notice of rent increase once I take ownership?

That is for most states correct, but I believe it is different in MA.

Thanks Ann.

It is not my first transaction but since it is something that I do only once every year or so, I forget the details. Last time I used an agent and they guided me through it so I was guided through it. After doing it by myself I will probably have a better grasp of it. So Ann, basically due dilligence is done between offer acceptance and p&s signing? Time after p&s is just time for bank to do closing?

I am doing inspection this week but seller seems to not want to give up the financials. Claims she doesn't have them. I will ask my lawyer about this tomorrow.

I am planning on attending one of the meetings one of these days but it is hard with my work schedule.

Thanks for the reply.

So when you guys submit an offer, you just leave a week or so before P&S for lawyers to draft the document? Then once P&S is signed, you do inspections, request financials, etc? After p&s is signed, you can still request concessions?

What is standard procedure here?

Here in MA you submit the offer or letter of intent to purchase, then the buyer submits counteroffer or accepts. Then you have time before the P&S is signed. Not sure whether to start inspection, gathering data before the P&S. Otherwise I am not so sure why you need much time between accepted offer and p&s. Is it just time for the lawyer to draft the documents? I am doing inspection this Wed before P&s.

I am pretty much on my own in this business. Don't like using realtors, no family in the business and friends aren't doing it either. Everything I learn through here or books or experience. Would like to do things the best way and also don't want to look stupid to the sellers.