Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Marlene Michael

Marlene Michael has started 8 posts and replied 81 times.

Post: vacant lands in Chattanooga

Marlene MichaelPosted
  • Investor
  • Jonesboro, GA
  • Posts 86
  • Votes 18

Interested as well. Please forward information to [email protected]. Thanks!

Post: Tax Records

Marlene MichaelPosted
  • Investor
  • Jonesboro, GA
  • Posts 86
  • Votes 18

On our tax assessors or commissioner's (I forget which) website, the tax lien sales are listed. This is where I can find everyone in my county who is behind on their property taxes, for how much, and when the tax sale auction will be held. Hope that helps.

Post: Rental applicants lie!

Marlene MichaelPosted
  • Investor
  • Jonesboro, GA
  • Posts 86
  • Votes 18

@Steve Babiak

 So funny....so true...so sad. As soon as the story started, I knew it was all hogwash.

@Michael R. I sure will. Thanks for the advice.

Post: Great property up for auction on Auction.com, but no one is bidding??

Marlene MichaelPosted
  • Investor
  • Jonesboro, GA
  • Posts 86
  • Votes 18
Originally posted by @Billy Runyan:

As a seasoned auction buyer I would suggest and highly recomend the average person "Cavet Emptor" or let the buyer beware.  Many states have different rules and the auction sites have teams of attorneys making sure they have the edge in the transaction details.  READ THE FINE PRINT before you make an offer, often you'll find your are fully committing your earnest deposit before even getting an opportunity to do even the slightest diligence.

BEST LUCK!

 Thanks Billy! I will be sure to read ALL of the fine print.

Post: Great property up for auction on Auction.com, but no one is bidding??

Marlene MichaelPosted
  • Investor
  • Jonesboro, GA
  • Posts 86
  • Votes 18
 @Eddy Dumire:

Thanks Eddy, I probably still would've choked. Not being able to view the interior is very scary since I'm still new to this and can't afford to buy a property that needs extensive repairs. I'll be ready next time (maybe)😉

Post: Rental applicants lie!

Marlene MichaelPosted
  • Investor
  • Jonesboro, GA
  • Posts 86
  • Votes 18

@Ursula B.

 That is pure foolishness!! I have another one who I think may be nuts. She came in with a whole story to explain why I won't be able to verify ANYTHING. This is proving to be harder than I thought, but this is what I want to do, so I will make it work!

Post: Rental applicants lie!

Marlene MichaelPosted
  • Investor
  • Jonesboro, GA
  • Posts 86
  • Votes 18

@Sally O.

 Please do. After talking to the former landlord, it was as though she was talking about two totally different people than the ones I met today. She could tell me what jobs they would say they held (which they don't), and pretty much negated every thing they told me. To be sure that she wasn't biased against them, she recommended that I ask for the pay stubs to be sent to me by email/text to prove that he was working. I haven't heard from them since...

Post: Great property up for auction on Auction.com, but no one is bidding??

Marlene MichaelPosted
  • Investor
  • Jonesboro, GA
  • Posts 86
  • Votes 18

@Eddy Dumire

 I choked at the last minute :(. None of the homes that I was following met the reserve, as of the last 15 min of the auction, so I will see if they reappear on the site. Thanks for following up. If I ever find the nerve, you'll be the first to hear about it!

Post: Rental applicants lie!

Marlene MichaelPosted
  • Investor
  • Jonesboro, GA
  • Posts 86
  • Votes 18

Tenant screenings can be a nightmare, and today was my first time screening with knowledge gained from BP podcasts and members. My very first tenant was chosen because I needed a tenant, and she was the only one who applied. Big mistake. My second tenant  was a friend of mine who left when she purchased her own home. She turned out to be a great tenant, so our friendship remained intact. Now that she has purchased her own home, I have to find a new tenant.

Today, without the knowledge I've gained on BP, I would have likely made a mistake that could have cost me not only a fortune, but months of heartache. 

The couple was in their late 40's, had adult children, and would be moving in without any other occupants. According to them, the husband had been hurt, and their previous landlord was not compassionate enough to accept their rent on the 6th when his disability checks were coming in, so the landlord kept filing for eviction.

I made it clear that they would not be able to move forward without me speaking to their former landlord(s). She finally emailed me (after leaving) with the information. What happened next was mind blowing.

I called the landlord. She could not believe that the tenants actually gave me her number since she is still in litigation with them for damage to her home, thousands in lost rent, cost of having to remove all of their belongings, etc. She walked me through searching the magistrate court records online where I was able to see that they had been evicted NUMBEROUS times and have other pending civil suits against them. They were using the address she evicted them from 9 months ago as their current address.

But they seemed so nice.... 

Newbies, make the calls. Take the time to really investigate potential tenants. I'm sure glad I did!

Post: Interviewing potential tenants

Marlene MichaelPosted
  • Investor
  • Jonesboro, GA
  • Posts 86
  • Votes 18

@Michael R.

 The Ultimate Guide was extremely helpful! Thanks again.