All Forum Posts by: Nikki Closser

Thanks for the info. In the future, not sure if you even care, but you might come off as more respectful if you don’t tell someone they are “whimpering”.  

 Nothing at this point! 

Totally understand that people are struggling to pay rent right now. It’s horrible. And, what happens to small time landlords like me and and my husband who rely on the rent to pay our mortgage???!! There are so many of us like this who could easily lose our home. Why isn’t the city of Seattle reallocating funds to help people who truly can’t pay rent instead of completely transferring this financial problem from renters to “mom & pop” landlords who maybe put their life savings into one rental home? This could wipe out small time landlords in Seattle altogether and that would only make the high rent in Seattle even worse

Seattle passed a bill that extends eviction protection for renters for 6 more months. So, basically you don’t have to pay rent for 6 months AFTER the city reopens. This could absolutely wipe out small time landlords like us! 

Will you take 10 seconds to sign this petition to veto it? 

http://www.seattleforgrowth.or...

Here is more info about what’s happening:

https://www.seattletimes.com/s...

Hi! Does anyone have experience with a seasonal park where the tenants are (mostly) long term (like 10+ years) and they pay annually? This particular park is on a lake. The homes are mostly RV’s, but they hook up to the well and septic and the place really runs like a MH park—aside from the fact that the tenants pay annually and the park is shut down for half of the year.

Just looking for any sort of pros and cons any of you have experienced?

Thanks so much!

@Hunter McDonald totally makes sense! He made it sound like he still does this even though he has the capital. So I was wonder why you would do this if you have the money the money to buy outright. 

@Chris Battaglia thanks! I understand the benefits once I’m the seller. But, as the buyer, what’s the benefit in doing this if I have the cash to buy it in full? 

John Fedro talks a lot about making  not only a cash offer, but also an offer for more money and making payments to the seller. (episode 75)

If you have the cash to buy the home, what is the point of that? It does seem that it helps with the psychology of “selling” if you offer a few options. But, is there any other point? Again, assuming you have the cash to purchase the home. 

Thanks!!

@Ryan Murdock awesome, thanks for your time!

Thanks @Ryan Murdock ! I guess I’m more wondering how it works with the home itself. Like how do they know whose name the home is even in? And at what point is it put in the buyer’s name? After the final payment? Once we sign the financing agreement? I’m obviously new to owner financing 😉

Hi! Many park managers are telling me they don't allow subletting. However, I've been explaining a bit further that the tenant will be buying the home as they pay make payments to us. Some have still given me a solid NO and some are saying it might be possible. 

One park manager told me that the lot lease has to be in both of our names (me and the buyer) and then it's fine. And one manager told me as long as the whole thing is in their name, lot lease and home, they don't care who they are making payments to for the home. 

I'm still super confused about the process of who has what in their name. At what point is it okay to not have your name on the lot lease and home at all? Or do we put everything in both of our names?

Thanks for all of your help!