All Forum Posts by: Luca Giani

There is a mortgage balance but the property is not distressed

Hello everyone,

we got a bid for 20k to get our rental property ready for the market and get the CoO (certificate of occupancy).

Any product out there to finance the project?

Thanks in advance

Hi everyone,

I'm a real estate investor based out of state and I'm currently facing some challenges with my property manager. I would really appreciate any advice or insights from those who have been in a similar situation.

This is our second investment property, and the first one is also managed by the same property manager. The process for the first property was super smooth, which is why we chose to work with them again. However, this time around, things have not been going as well.

Six months ago, I entrusted my property manager with hiring contractors and obtaining the necessary permits to get my property rented. Unfortunately, the process has been much slower than anticipated, and we are still not ready to list the property.

Additionally, the costs have significantly exceeded our initial expectations, and the property manager has not been very responsive or clear about why this is happening. Communication has been a major issue, and I'm finding it difficult to get timely updates or clear answers from them.

Given these challenges, I am losing faith in their ability to manage the property effectively and am seriously considering switching to a new property manager.

Has anyone experienced similar issues? How did you handle it? What steps would you recommend I take to address these problems and ensure my investment is managed properly? Any advice on how to find a more reliable property manager would also be greatly appreciated.

Thank you in advance for your help!

Hello everyone,

I'm a real estate agent assisting a client who is trying to list an Accessory Dwelling Unit (ADU) for lease on Zillow. The property was purchased with my assistance as a buyer's agent, and an internal ADU was constructed after the purchase. However, when attempting to list the ADU for lease, the property is currently blocked on Zillow. We've contacted Zillow for assistance, but the issue has not been resolved yet.

Has anyone encountered a similar situation or have any advice on how to proceed? Any help or guidance would be greatly appreciated. Thank you!

Hello everyone,

We're currently in escrow for a property and recently received the inspection report, which highlighted some concerning findings regarding the plumbing. Specifically, the report mentioned: "The pipe appears to be restricted due to organic build up. Flow is restricted. Areas of the pipe are not visible. Recommend cleaning and re-inspection by a plumber. Openings or inconsistencies noted in sewer line. The condition of these are more significant than normal. We recommend further evaluation by a qualified licensed plumber."

Given that we're in the midst of the escrow process and considering the possibility of needed repairs, I'm hoping to gather some insights from those who might have faced similar situations. Our decision to move forward will depend, to some extent, on the cost of potential repairs.

If anyone has encountered comparable issues during escrow or has navigated negotiations considering plumbing repairs, I'd greatly appreciate any advice or experiences you can share. Understanding how these findings might impact negotiations or what steps you would recommend taking would be incredibly helpful for us in making an informed decision.

Thank you all for your time and input!

@Chris Seveney

Older home and it was discovered in the crawl space

Hello everyone,

I'm seeking some advice and guidance regarding a situation I recently discovered in my property. It was revealed that the ductwork was improperly made, and unfortunately, this issue wasn't addressed in the inspection report.

I'm wondering about the potential coverage for damages caused by this improper ductwork. Does anyone have experience or insights into whether such damages might be covered by homeowner's insurance? Additionally, I'm curious about the potential responsibility of the inspection company in such cases. Should they have identified or reported this issue during the inspection?

Any advice, past experiences, or expertise in dealing with similar situations would be greatly appreciated. Thank you in advance for your help!