All Forum Posts by: Jeff Ryan

@Drew Sygit and @Rebeca Coleman,  thanks much both for the help.  As Drew stated in the 'stay away', I did, and the problem resolved itself.  (I believe she ultimately pursued the ppo).  And now self-managing, that eviction help will come in (but hopefully not needed) very helpful.  Thanks again.

  I haven't done before, and would prefer not starting with attorney help, at least to start with, unless absolutely necessary.  I need to do/create a notice of eviction for a person not on the lease, staying with the person who is on the lease.  The person on the lease has been overall good paying tenant.  This is mother / daughter situation, daughter staying there on/off, mostly on, from what I understand drama filled.  This is a request from the mother who is on the lease, saying 'she can't get rid of her', and as I understand through her is problematic.

  I am new to self-managing, but I haven't dealt with any eviction at all through former property managers either.  So, as title notes, I am looking for the steps/getting started.  Do I need to physically go down to the courthouse and fill a form out through a certain department, and who do I ask for?  The process is new to me.  I'll use legal consul if I need to, but again, was hoping to get acclimated to self-managing and doing this, as it is apt to come up again.  (State of Michigan, to confirm).

Thanks all.

@Drew Sygit  Thank you, that must have been where I saw it before and what I was looking for.  I was just looking for a point to that, thanks again.  @Caleb VanTimmeren, thanks for the reply, and I would be interested to discuss.

This question pertaining to Muskegon, Michigan specifically, but would be interested to hear if other locales might have something similar:

Does anyone know if it is a City of Muskegon law/ordinance having to use a property management company (vs. self management) for your rental property, if your primary residence is 30+ miles away?  I could have swore I heard that somewhere along the way, but not entirely sure now it is an absolute rule.  I am right on that bubble actually, and am considering options.  Thanks!

@Adam Martin, @Theresa Harris, @Nathan Gesner

Thank you!  Very helpful.

  I had tenants leave recently.  I had new carpet installed in 5 bedrooms and a hallway before they moved in 3.5 years ago.  (This a larger single family home rental).  I know, I know...now, carpet not a good idea in these houses...

  But, the carpet never vacuumed, cared for in the least, ripped and stained in several places, left utterly useless, and I had to tear it all out.  I am going to replace with LVP now.  When deducting this cost from their deposit, is it the original cost of the carpet (with installation) to deduct, or the replacement cost of LVP, (which I will do the install part myself).  Either one will entirely eat up their deposit, I'm just curious what to use officially.  Sorry if it's obvious/stupid question and/or asked before, but thanks! 

Hello,   I have to 'scramble' a little bit in to find a RRP certification course to take soon, to take care of an issue in one of my properties, another story.  I can't get into a course through my own local real estate association until later July 2022, and that is a little later than I was hoping to, to get this taken care of.

  An organization, Zack Acadamy, offers one in my town, as soon as May 4.  Has anyone heard of them to know they are good, OK, on the up and up, etc.  This course is $250 for a one day 8 hour course.  If not them, does anyone else have experience with other online offerings for courses to get this certification?  Thanks! 

Thanks for that info Bruce, that's helpful.  I got started with them, paid for my appraisal, but it happened to come back lower than I thought reasonable and decided not to proceed with hassle for the relatively little bit of cash out I would be getting now.  During the process I tried to contact my L.O. a couple of times with additional questions and neevvver got a single attempt at a call back.  Granted, I know they may be very busy now, but it wasn't unreasonable questions and would only take a couple of minutes.  I didn't get too far and only ate the appraisal cost.  Maybe I'll try again with who you suggest.

Quote from @Bruce Bennett:

This is the same Bruce that posted the initial post to this thread on Oct 7 2021 having just started my loan app with Dominion at that time. Heres my followup:

DOMINION is the worst worse worse lender I have ever tried to do business with.

————If u can, immediately go somewhere else for the money—-STOP AND RUN THE OTHER DIRECTION. DO NOT LOOK BACK.   They will waste your time and if u let them, steal your money.  I wish I could show you my loan paperwork from closing…..THEY are a predatory lender.  After 3 lonnnnnnnng months and I mean from Oct 7 2021 till Dec 29 2021, they sent predatory lending docs to closing for me to sign, and I rejected them and walked away from closing.   Their loan had a 5 year prepayment penalty that started at 5 points and reduced 1 point per year.  My origination fee was 3%.  I would have had over $18000 in closing costs on on a 270000 loan.  That is egregious.  And they never said a word in those 3 mos about what would happen if you are late or go into default.  I wish I could just upload my docs from closing to u it would freaking frighten you.  

And they start out by sending you the same BS boilerplate email every stinking day abt:  have u sent in your required paperwork yet, how can we help u.  Literally all my docs were sent to them in 10 days, and I received that email for 43 days straight.  Id call and  ever ever ever get my processor Kimberly for over a month on the phone just the same email over and over again.  I never got a chance to speak with her once.  Then they told me she was replaced by a new processor.  In the interim my loan officer Delshawn would pitch in by forwarding my emails around to get me answers but he never mentioned once that it was a predatory loan to begin with.  It took them 60days to get a freaking appraisal!?!?! 

After finally getting to closing 87 days later and seeing the predatory loan they approved me for i could have cried because of all the time and effort and energy i put into that process.

The following month i contacted Valley National Bank and closed on a new 5 yr loan at 4.25% and 25 yr amortization.  And they used my old appraisal I had done when I was working with Dominion.

If u Want a real loan and great rate call my loan officer at Valley Natl Bank:  Chuck Drayton 904-318-5176 cell or 904-899–8021 office.  No BS, I couldnt be happier.  Finally.  Tell him I sent you.  Not for any type of kickback or anything, I just want good banks/lenders and good LO’s to be successful and stick around because u can best believe I am calling them first on my next deal.

Hi Glenn,   Not at all about what they quoted.  It was 4.375, and I am unsure if that is 'locked' quite yet , or guaranteed that.  He didn't answer, a little tough to get a hold of, and wasn't clear.  That is for 75% LTV, fixed 30 year.  Good luck!