All Forum Posts by: Adrian Tilley

It really depends on the language in your notice and your rental agreement.

Hi @Rob McTavish ,

Seems like there are a lot of us new guys around here. The networking available on BP should definitely benefit us all.

Adrian

@Will Ksander

You will hear mixed opinions about getting your license. I think it's a great idea, and I just did. It does take some time, but I think it pays for yourself in your first few deals.

You definitely shouldn't do something you hate for your day job, but it also takes a lot of pressure off.

Welcome to a fellow Denverite. That's a pretty good deal that the 4th unit rented is all bonus.

@Cordell Pearce The above suggestions are good ones. To get your money back, I'd first call the GC and try to work it out informally. Attorneys' fees are generally not recoverable unless there is a statute that allows it or you put it in your contract. Even if they are legally recoverable, it is often hard to get them back as a practical matter. If that doesn't work, you can file your own suit in small claims court (up to $7,500), or you can retain an attorney. Good luck, and sorry about your situation!

Although I agree in principle, I would say that putting your money to work does not require no work on your part unless you are simply pulling dividends from stock investments or having someone else manage it for you. Reviewing investors, etc, still requires some work. It is just a far more efficient use of your time than J.O.B. "work". Good point though.

I think the idea of a live in flip - either SFR or du/tri/quad plex is a great idea. If I were starting off again with no kids, I would definitely do that.

Welcome fellow counselor. Colorado is a great place to get into the outdoors.

I'm not representing you, so I can't/won't/am not giving you legal advice. CRS 38-13-110 gives some guidance. The reporting form for businesses can be found here: http://www.colorado.gov/treasury/gcp/images/FormA.pdf

An attorney can give you some guidance on what applies to your situation, and most will, but you do have to pay them!

ETA: CRS 38-20-116 has some guidance as well - property is considered abandoned after 30 days of no contact, and you must mail notice to the last known address 15 days before disposing.

I think what you're asking is whether the tenant should sign something making him responsible for repairs to the line in the future. If you're asking about whether the tenant is currently responsible, you're getting varied responses because we don't have enough information. It ultimately depends on the facts of the circumstances (why the problem occurred - whether the pipes are just falling apart or the tenant flushed something inappropriate down the toilet) and the language in the lease. Either of those things could place the responsibility on either party.

If you are asking about whether the tenant should sign something making him/her responsible in the future, I certainly never would, but if the place is worth it to them, that's their decision.