All Forum Posts by: Nicholas LaGatta

If it's not specifically address by your HOA's CCRs, then it's probably at the discretion of the board to allow it or more than likely a vote would be required to approve the provision. There are many scenarios and potential disputes that could come out of that situation, so it would realistically take an attorney to draft the change.

I would tread lightly. As a former HOA president and a former member of 2 contentious HOAs (especially in the area of rental caps), I would advise you to rent the next unit that comes available and use it for yourself and then rent out your unit. It's probably going to be less effort than trying to convince a super majority to change the rules and hire an attorney to that effect.

Aquagaurd will probably solve the problem, but they are expensive.

Campbell & Brannon, ask for Robyn Sonis

I've closed a bunch of deals there,  free valet parking, great snacks, and they do a great job

Hi, Harrison.  Can you provide some more details?  This post made me raise an serious eyebrow.  $100k in funds and no active projects might be fine for a lone investor, but doesn't seem like anywhere near enough to support 4 staff members, unless you're looking to wholesale yourself, have the staff actually doing the rehabs, or something like that, which doesn't seem to be the case.  

What is your strategy?  What are your goals?

Haha, no ; ]  Good luck!

IMHO, Bankhead area is for speculators, specialist investors, or slum lords.  There's money to be made if you know what you're getting into, but I see that area as a niche with higher average operating costs, but potential high-paced equity growth if you can wait 5-10 years.

I really don't know more than the basic safety and mitigation approaches for asbestos, but I would look closely at your tenant's overall situation, how reliable they seem, and if they have a history of causing issues.  Documenting and pushing concerns raised over health and safety issues is also a classic leverage-move played by scam artist tenants.

I'm not saying the tenant's concern is unfounded, but tenants asking for over-the-top precautions is going to add substantially to your costs and timeline.    I would research your particular materials and construction and determine the likely risk, but I would seriously consider if your tenant is worth spending this kind of money on and what your plan would be for the tenant and project if you actually have a documented case of asbestos, which may require professional mitigation if you think you might have a liability situation with your tenant.  

@Mary B. Thanks for the recommendation!  I was a little demoralized after 2 rounds of bug bombs and seeing roaches crawling around ground zero like it was a buffet.  

"Investation" was an all-too-appropriate slip of the tongue.  I'm dealing with a serious German roach investation myself, would appreciate any tips.

Check out these guys: http://www.realtycleaningusa.com/ AKA Maid in America.  When I used them to prep a property, they were fast and efficient with no BS.  I would use them again.

Bring new lock sets and a way to secure the windows, if necessary.  Photo-document all conditions before you clean up, just in case.