All Forum Posts by: Andrew S.

An other advantage of paying with credit card may be that you will not have to send the provider a 1098 tax form (only an issue if the total yearly amount is over $800).  I say "may" because while I have read about this in several places, I have not personally verified this to be true.

I usually pay contractors by check the minute the work is finished and approved.  

 I don't see how you can force the other tenant to pay half for the service call.  I sure as heck wouldn't pay you, if that were me and I can't fathom any judge would be on your side.  In fact, I don't think you should charge ANYONE because it was YOU who accepted that the switch is located in a common area.  You should secure that switch (or that area), so you can control who accesses it.  I strongly recommend you suck up that $180 yourself and fix the underlying problem.

 You may want to check your lease on this, but my guess is that you may not have given her enough notice initially on the rent increase?  Also, her text response "I'm moving out" might have jut been an off-the-cuff comment and not a formal notice.  She was upset and just tried to make you reconsider - didn't expect you to call the bluff... Anyway, there kind of things can get messy if they go before a judge, so if it were me, I would just give her formal notice of termination NOW (allowing for the required days of notice per lease).  Obviously, this means she'll have to pay rent on Jan 1 and if she does not, then you evict.  The exact amount of rent on Jan 1 will depend on whether your notice of the increase was handled according to the lease or not, but you may not want to risk providing her with angles to fight you in court just over a few dollars.

Quote from @V.G Jason:

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@Moderators what's this new Cross Sell feature?

 Whatever it is, it sounds cool

I feel you bro. I wanna cross sell some stuff.

 I'll cross sell your face 

 bruhhhhhhhh

 I think it's something special put together just for you. I'd click it and see what happens :)

 It's gone now. Party's over.

 Looks like they cross sold the feature.

Can BP please allow the feature to where if you quote someone, their actual  message is quoted too? Or maybe we can do that I'm just too incompetent with technology to understand how to do it?

 Just click on thelittle black triangle to the left of the name

Don't know if @Joel Owens is still active on the boards here, but he knows all there is to know about triple nets.  Maybe he'll chime in

 Yes, they definitely should.  And it is very straightforward to file these, so I would expect it to be well within the scope of any operator sophisticated enough to pull off an owner financed deal.  Even mom and pops.

Sorry, but 4 weeks is way too long for an average turn.  That's nothing to write home about...

 Thanks but not sure what you mean: I had contractors quote all the work and the insurance company agreed to pay the entire amount (with an allowance for "supplemental requests for hidden damage"), except the deductible.  Not sure how I could do any better than that?  Are you saying I might get everything fixed PLUS more?

 Yes, in many jurisdictions, the previous owner will have certain rights that might allow them to "redeem" or at least "challenge" that auction.  Typically, if they do not file such claims within 1 year, then the transaction is final and the title insurance company will issue a policy.  So, if you acquire the property and hold it for at least a year, then title insurance will be available when you dispose of it.

 Yes, that is certainly possible.  In fact, this just happened to me.  A 6ft diameter, healthy looking oak just fell from my neighbor's backyard onto my rental property.  Total damage about $28'000.  My insurance paid for all of it (well, all that ended up on MY side of the property).  Of course, I'm out the deductible (2k).

Incredibly, one week later, another 6ft diameter oak fell across the neighbor's front yard (this time, it damaged HIS house) and took down the power lines to my rental property which ended up causing just under $2000 of electrical work and tree removal expenses for me.  Did not even bother filing a claim for the second tree.  

MY share of the total cost for both incidences: $4k.  We live in a heavily wooded city and this stuff is par for the course.  No way you can compel your neighbor to remove trees just because they "might" fall.  It is definitely not how the laws work in places I'm familiar with.