All Forum Posts by: Peter O.

Hello Rickey,

I am looking to enter the Ohio market as am currently in the Detroit market for over 7 years.  Would love to see what you currently have off market.

Thanks

Peter

Hello,

This seems about right depending on the actual area and how much of the pad site is cleared

 Thanks a bunch for the suggestions

Peter

Hello,

Am looking for recommendation of someone that could do drive-by inspections and take exterior photos weekly or bi-weekly.

Thanks

Peter

@Jessica Hanyok

Long term tenant is the key. Marginal increase she has agreed to. So I would take that. Better to keep it rented and cash flowing than not. Just my opinion. I have done that in the past as well.

@Pacifico A Comia

Sounds like a tenant using covid excuse. If the property was such a dump, why are they still there? Why are they being kicked out? Most likely for non payment. Many municipalities had rental assistance that tenants never used. I know, even if you gave them a direct link and contact to get help, they still didn't take it

@Melanie Liu.

I wouldn't necessarily call it a newbie mistake. If you are able to read, and understand a contract you don't necessarily need an agent. That being said, I am in Texas and can tell you that prices here are rediculous. That is why your builder wants out so he can flip it for more than he agreed with you. People are offering $50k to $100k above list and still not getting the property. Most likely, there is specific language in the contract that allows them to do this. If not, then the builder is a newbie. Go over your contract with an attorney if you don't see or can call out this language in the contract. But this isn't surprising here in Texas. Properties are over priced and people just keep paying up.

Hello, does anyone now if the rental property registration process has changed in the city of Detroit?  It used to be you go to this page to fill out a form but this is no longer valid

https://detroitmi.gov/node/3931

Thanks

Peter

Thanks Randy this is great to know

 Thanks for this insightful post and seeing it from the other side.  This is much appreciated