All Forum Posts by: Jess Archives

I gave her one scenario which in full context meant a day's notice. She then applied it by visiting them before we had any official agreement, or me providing them permission to go on the property. She also admitted she was wrong long looking back to do what she did. I hope you meant something different when this sounds like permission to go and show it.

Hi a realtor I spoke to went around a tenant’s house and took pictures. Tenant (not main) came out who told her about the property a bit. Realtor said tenant was nice.

I did not know it then.

She did this my without permission, official agreement or notice.

I found this all out after the Main Tenant texted me saying they did not agree to it with me. That’s when the story unfolded and was surprised to l hear of the realtor’s visit. Originally she was going to be my realtor to sell the house. 

I told her over and over tenant should not be disturbed unless necessary. Such as walking the property only one time with the buyer who must bring their inspector.

I want to sell the property. I wonder if it’s better to go with a different realtor? Or if this could be typical and it’s better to correct this behavior earlier than later.

Are there other thoughts or advice for this particular situation?

I want to rectify the now upset tenant. Previously they were willing to show the house with prior notice. It is difficult to ask for that now. And I want to sell the property before their lease ends.

Hi all, 

My insurance company sent me an email last night saying they are cancelling my policy on 5/7 mainly due to shingle/roof damage, debris on premise, and miscellaneous maintenance issues.

My insurer has mentioned that insurance has become a stricter process. I am not aware of any changes to the property. Everything should still be the same as before.

I'm not looking for exclusive representation yet. I do want to sell a house at discount. The location is 66104.

Tenant is in place until September. They have paid rent at $1100 every month.

I don't want to deal with fixing this.

Does anyone have advice for me? Or know anyone that can purchase in cash quickly? DM if the latter question applies to you for more details.

The property on Zillow is priced off-market around ~$128k with Rent Zestimate at $1125. I'd be willing to let it go at ~$115k.

Thanks in advance,

Jess

I wish I could come to this. I live not too far. Unfortunately I will be in Kansas around this time.

I'd be interested in connecting too. I'm currently exploring markets closer home (WNC), or someplace interesting.

I like the cash for keys route because it's swift and doesn't necessarily require the involvement of other parties. 

Eviction can be time consuming and could result in action from the electric company - ie physical removal of the meter box, etc. This is a costly and timely process to remediate. 

How the tenant handles their future living situation doesn't affect my future cash flow. But an eviction would be a good last resort if all else fails.

I've had this situation happen to me earlier this year. The tenant started to steal electricity, and on top of that also stopped paying the rent. My property management was slow to move on the process, and ended up costing me a lot of money, stress and time. 

Knowing what I know now, I would've offerred cash for keys the week they missed their rent and move onto the eviction process. It has now been 6 months+ with no rent, cash to fix a new meter box, and cash to fix the rental property which they destroyed, and more.

The advice in this thread is good. These things are symptoms that could potentially do you greater harm. Not legal advice, but I'd check for breach of contract, and work the cash for keys route, if that doesn't work, the eviction.

Seller Financing can allow a lot of room for flexibility. For instance traditional finance usually has a Due on Sale clause that requires you to pay the lender back if you transfer the title to someone else. Your end buyer shouldn't have an issue with how you own the property unless they want to get creative as well. In the end they would pay off your original loan first. 

If your question is more about wholesaling, Seller Financing should still not be an issue. It would be a plus because terms can be negotiated with the end buyer.

I'd be interested in this answer as well.

Is anyone else interested in starting a mastermind? I've recently been inspired by Pace Morby. I think the mastermind would be a great way to keep accountability in taking action on creative finance deals.

This group is for anyone who is interested in:

- Subject To

- Lease Options

- Seller Financing (Owner Carry-back)

- Executory Contracts

I'm in the Eastern Time Zone and can accommodate the times. Feel free to post or message me, and we can start with getting the Intention Journal by Brandon Turner first and then figure out the details later.