All Forum Posts by: Malkia Ra

Showing my house today . Showings were between 4 and 6 Pm .   Had ALL these interested people that just HAD to see it .   One showed at 5 pm and started on their sob story on the front porch . I told them they wont qualify since their income was half of whats required .  Then I wait almost another hour , and I get 3 messages at 5 minutes till 6 .  People telling me they are on their way and will be there soon .   I message them back telling them that I leave at 6 pm on the dot .  I get replies that they will be there in 20 minutes to 45 minutes .    My reply was simple , DO NOT COME , the viewing is over in 5 minutes .    ( my responses were less than nice ) 

My take on this is you had plenty of notice to plan your time . If you cant be on time to view the property , (Late) then odds are that rent will be late .  And if you needed a place to stay you would have been there at the opening and be ready to make an impression 

Quote from @Diana Costta:

@Ian Loonce

Sorry to hear that. I had a similar tenant and have to say I don't think it will get better.

How did your PM let that happen? who are you using for PM?

 KW.  It's just a rough area-near the university.  She was a student and had a good reference from her work..though I'm not sure if the reference was checked.

Quote from @Malkia Ra:

Great post.

I make it a practice to write off anyone who market themselves in photos with luxury cars, lol.  It's just too obvious they're most often fraudsters who prey on gullible people that are attracted to "status symbols" and therefore buy into the hype.

Just from looking at the photos, it didn't surprise me at all those you mentioned offer little to no real substantive information on the industry.

That's a great rule of thumb. I've found that people who try to flaunt their wealth and talk about how much money they have are generally not doing nearly as good as they lead on. They are all about maintaining an image and keeping up with the joneses. 

I am lucky enough to know a legitimate multi-millionaire. I don't know his worth exactly, but it's above 50m. An older gentleman and one of the most humble people I know. Extremely soft spoken, wears worn off brand clothes and only get his hair cut about two or three times a year. He also drove the same car from 1990 to 2020. 

I know some other (less) wealthy folks and they are also very private about their finances. If you're not part of their inner circle you'd have no clue. 

It's not wrong, per se.  It might be ill advised though.

If you're not experienced in real estate, a buyer's agent could be a big help.

You need to contact the electric company to ask about the cost of getting power.  I'd talk with the town about whether a road is permitted and under what conditions.  If it's landlocked, that's a whole other problem.

Easement issues have to be clearly disclosed and if the seller's agent is not cooperating, there may be a reason why.  Maybe trying to hide something?

I'd try to find a strong buyer's agent - and not someone from the same office as the seller's agent.

Good luck!

When I have had a problem with properties like that I ask one of my contractors or other contacts if they have anyone who would want to stay there temporarily between tenants.   Usually a young guy with a blow up mattress and Roku TV that's happy to be out of his parent's house for a month.  I paid them $25 a day.