All Forum Posts by: Mark Winkle

Hire an attorney and structure it as a debt transfer (assignment of assets). Any good Real estate or business atty. can do this. Then record these legal  documents with your county recorder, treasurer/assessor, and auditor so everyone knows what is going on. Gently serve copies of said time stamped legal documents to your "tenant" and respectfully ask for the arrears. Give them notice of your intent to foreclose as well within a specific time period, then get your attorney to start the process (it could take some time) if they don't pay the account up. Anyway, that's what I would do. 

I will try to be there. I still have to move to Dayton. I'm waiting to hear back on two offers, one of which I will be living in. Know of any reliable Real estate agents that do government property sales such as HUD, FNMA, Freddie Mac, VA, etc.? The investor group will be set up as an LLC, so no SEC to worry about. I just set up my monthly investment account to fund my cash transactions. Remind me when the meeting gets close as I teach, tutor, am setting up a website, run a meet up myself for new online businesses in Dayton, and work 7 days a week.

I'm looking for investment team members to buy REOs in Columbus, Dayton, and Springfield, Ohio for cash. We need hard cash lenders as well. You don't need a lot of money to join us, just the desire to rebuild and restore something from the past and have fun and make money doing it.

Any "repairs or improvements" he made without written consent is a breach of the lease and is grounds for eviction. Every state has a set of Landlord and Tenant laws. Take a look at your state's laws and find a legal remedy and start the eviction process. It is unlikely that you will get cash damages or attorney fees. Most people ignore the court orders for payment of these funds and unless you want to spend money chasing money, let it go and get on with either renting or selling it.

I have been doing legal research since 1985. Check out your landlord tenant laws in your state.  In the lease it gives the landlord and tenant the right to give a thirty day notice of termination. Just as if the landlord fails to make repairs, you can serve them with a 30 day notice to "QUIT" or make repairs. After thirty days, your rent can be deposited with the court. If you decide to move out, you give your landlord a thirty day notice. I've even written a book on Landlord Tenant Law translating the codified laws of Ohio into easily understood English, so I know what I'm talking about here. Check your state's Landlord Tenant Laws. You will be surprised how easy leases can be broken. Landlords can raise the rent with a thirty day notice, can evict a tenant if the property is sold and the new owner wants possession, and so on.  By the way RR, I have done legal research for more than a dozen law firms as a consultant, have done research for environmental non-profits across the United States, and advise 35 countries on legislation. If I don't know about something, 

If either the tenant or the landlord "breaches" (fails to perform) their obligations under the lease, the lease can be terminated by (tenant- thirty day notice) or landlord -(eviction) through the property's local municipal court.

The original term need NOT be completed for a lease to go month to month. 

Your analogy of a post office, a McDonald's, or a business does not hold water. Any lease can and has been broken. Don't believe me? Try not paying your rent for a month and see what happens. 

I have been both a landlord and a tenant, and have sued many landlords for breach and failure to perform. Any lease is conditional upon the parties' performance. Not complying with the terms of the lease, any lease, is terms for termination, ask any attorney.

I have been consulting people and governments for years on financial matters and legislation. I moved to Columbus, Ohio in March and recently took a teaching job that has me moving back to Dayton, Ohio. I want to set up an investors group that would invest in both areas. I have two pending offers at the moment on rehabs. I have seen many blighted homes that just need TLC to rehab and flip them to revitalize an entire neighborhood. I have experience framing, dry walling, painting,  and finance. Need a finance person, a contractor, a designer, and a few others. Interested? You don't have to have a lot of money to be a part of this investment group. I take a long term approach to investing and intend to put $ 200 - 500 a month into an account myself as the best deals are all cash in these areas. 

I have been doing legal research since 1985. Check out your landlord tenant laws in your state.  In the lease it gives the landlord and tenant the right to give a thirty day notice of termination. Just as if the landlord fails to make repairs, you can serve them with a 30 day notice to "QUIT" or make repairs. After thirty days, your rent can be deposited with the court. If you decide to move out, you give your landlord a thirty day notice. I've even written a book on Landlord Tenant Law translating the codified laws of Ohio into easily understood English, so I know what I'm talking about here. Check your state's Landlord Tenant Laws. You will be surprised how easy leases can be broken. Landlords can raise the rent with a thirty day notice, can evict a tenant if the property is sold and the new owner wants possession, and so on.  By the way RR, I have done legal research for more than a dozen law firms as a consultant, have done research for environmental non-profits across the United States, and advise 35 countries on legislation. If I don't know about something, I research it before making a post. 

If either the tenant or the landlord "breaches" (fails to perform) their obligations under the lease, the lease can be terminated by (tenant- thirty day notice) or landlord -(eviction) through the property's local municipal court.

The original term need NOT be completed for a lease to go month to month. 

Your analogy of a post office, a McDonald's, or a business does not hold water. Any lease can and has been broken. Don't believe me? Try not paying your rent for a month and see what happens. 

I have been both a landlord and a tenant, and have sued many landlords for breach and failure to perform. Any lease is conditional upon the parties' performance. Not complying with the terms of the lease, any lease, is terms for termination, ask any attorney.

I would invest in Athens, Ohio. Ohio University has a base of 20,000 students plus. 75% live off campus. The rents are per room in multiple room houses up to $1100 a month for some houses/ $10K a month per house is possible. Hire a contractor to make repairs in the summer using the security deposits.  My basement apt. (efficiency) was $450 a month and that was cheap four years ago.  College campuses like OSU and Ohio Univ. are where my million will be spent when I get that high on the ladder. Anyone want to join a team of new investors in Columbus and Dayton, Ohio?

All leases in every state are month to month. Give him a 3 day notice and start the eviction process and quit crying about it. Hire an atty. and get on with it.

Due diligence. I am a Financial Research Consultant. I search county auditor and tax assessor/treasurer websites online to find the property owner's address and property data. Then you can use Whitepages.com to get a phone number sometimes. It takes a bit of effort to find some people, but everyone can be found, and I mean everyone. I know, I started out doing skip trace and even wrote a book that was used to set up Internet search data bases and websites. 

You might also take Google Earth tour of the property to find any defects from the air. If you cannot find the owner this way, find the neighbor and ask them about the owner. I bet they know how to contact them.