All Forum Posts by: Mak K.

The lease ends next year Jan 2023. Also the Rent for Aug 2022 is NOT PAID. So two counts- Non payment of current rent and Breaking the lease.

Tenant promised to pay me rent by today (aug 28) and blind sided me with message she is moving out. in 2 days. I immodestly sent the notice to Eviction to be safe.

Question- What paperwork do I need to do? If she moves out, do I just change the locks or do I need to take her signatures to confirm she is moved out and broke the lease? Basically what is the protocol

Hi,

In option period, what information can you ask from the Title company? Do they give you a preliminary report? What are the few questions to ask?

Inspection report can be used as punch list items. I think many a times if you do not need official inspection reports, then they walk with you and point it out etc. You can get discount. (I have not done this but know people who does it).

For SFH, inspection cost is negligible ($300-500) and can be ignored. For simpler math, use SFH purchase prices and net cashflow. Yes remodeling cost needs to be considered since it can addup.

Inspection can be done in two days time. Inspection takes 3 hours. You do not need to be there (Its optional)

The issue with credits is that solar companies inflate the price equal to the federal credit so all benefits goes to the solar companies. So if something cost $100 and credit is $50 then solar companies will inflate price to $150. Another example is Tesla was priced at $50K with$15K in rebate/credits. The day they became disqualified, the drop the price to $35K. Now it is different story that price went up due to supply chain and inflation.

When you bought the house with Solar Panels, does not the Title Company Pay off the Leins and lease?

Hi,

I am in process of buying two SFH, where in one instance it is inheritance while in another property it's due to a court order. On the contracts it says its going to be SPECIAL WARRANTY DEED.

What are the issues I need to be aware of. What is the difference if its Special Warranty Deed? Will I be liable for any leins, leases, claims etc?

@Nathan Gesner Thanks. I am also looking into creating a LLC to put a lein on all the properties. I am doing my homework but I heard it prevents fraud as well as lawsuits as the first lein holder gets priority. But again, I want to make sure all those things do not create layers of maintainence and fees in cpa and lawyers