All Forum Posts by: Jack Dalrymple

I apparently do when the jackpot is a billion dollars.

Ignoring the facts she's verbally disclosed, she's telling you there are skeletons in her closet.  If she's not willing to do a simple background check why are you willing to risk your time, assets, and/or financial future?

Also, I recall reading somewhere (forums, books, etc.?) that accepting full rent up front is generally not a great idea despite sounding ideal.  If I recall correctly, it creates a liability for the owner by muddying the legal water if an eviction were to become necessary if they violate other terms of the lease.

If something happens, you have the cash flow from this property to help you through the tough times.  

If you have to live there then I would agree with her because it's going to be tough to get her to buy-in to your goals moving forward when she resents her current living conditions.

If you're able to turn that equity into something which gets you closer to your goals and you can still cash flow, I'd certainly pursue it.

That is absolutely brutal but thanks for sharing.  That will undoubtedly be in the back of my mind when selecting property managers going forward.

 This is exactly what I did and am very happy with the result.

That PM has got to go.  There has to be plenty of options in Miami for you to find someone who is actually on your team.

Setting up the account was easy and painless.  I can't provide much more than that however because I just completed it a few weeks ago and am looking to put those funds to use in my next deal.