All Forum Posts by: Evan L.

How is a 3.375% refinance on a 110k loan, 30-year for a single-family investment property in Memphis? Good to great credit. Are there banks out there doing better than this? Appreciate the feedback. Thanks.

investment, good-great credit

Can I get some opinions on a refinance quote?

3.375% on a 110k loan, 30 year for a single-family property in Memphis. Sounds low to me, but any other banks doing better than this? Thanks.

Can I get some opinions on a refinance quote?

3.375% on a 110k loan, 30 year for a single-family property in Memphis. Seems low, but any banks doing better than this? Thanks.

Nathan, thanks for your suggestions! 

Another part of this that makes it more complicated is that these managers filed civil suits on debt from previous tenants. They control the communication with attorneys and there is quite a lot the tenants owe. 

Would a demand letter and possibly a small claims for a settlement suit jeopardize the suits they are still in charge of? Is there a way to make sure they are honest with what happens the civil suits?

Thanks for the suggestions! The current pm also suggested to lower the rent a little, something the previous pm suggested at the very end. Not sure how much that matters as they could have suggested it earlier.

I tried to contact them once a month they always had a reason why it was still vacant- slow season, tax season... I also have a full time job, live across the country, and flights were pricey for a while. I went there after about 5 months.

Hi BP community,

I am considering filing a lawsuit against a previous property management company.  So several months ago, I paid little over 2k for rent ready work - paint touchups, some maintenance work when the tenant moved out. I found out much later that they either did not do the work or did a very bad job. I have pictures of unpainted areas and missed maintenance work. The place stayed vacant for almost half a year (about 8k of lost rent). They were very brief whenever I asked questions during this time assuring me that it would get rented out soon. It wasn't until 5 months later that they then suggested redoing the scratched up floors, something that they should have suggested in the beginning of the vacancy.

I fired them and hired a new management company who finally did rent ready work and the place was rented out within a month. 

It has been a very financially tough event for me. Has anyone had success dealing with a situation like this? A lawyer suggested I write a demand letter for the full amount lost - rent ready work and months of rent damages. Would this be better as a small claims court without a lawyer or should I hire one? Thanks.

Thanks for the advice. I have already approached them about it and it appears they blocked my email. It certainly looks like an attorney is the next step.

I discovered that my previous property manager did a very bad job and/or quite possibly didn't even do the paint and repair work that I paid for (over 2k).  I'd like to speak to an attorney to see if I have a case to get the money back. 

The property is in memphis and I am across the country. I was wondering if matters to find an attorney near me or in the area of the property. Thanks.