All Forum Posts by: Olu Oyelade

@Kevin Nickerson Thanks Kevin. I will surely do that immediately.

@Patricia Steiner Thanks indeed for your advice. I have the lease now and it ends 11/30. The closing is however 10/26. The rent is $100 below market value Inspection is scheduled for the next 2days . Really wonder if I can request rent increase immediately at end of 11/30

Hey BP,

I am working on a deal with a tenant in place .. the rent is below market value and the current lease still has a month to go. How soon can I increase rent ? Is it possible to request termination of the the lease in the closing agreement? What are the other salient issues associated with this type of transaction that I need to watch out for .

Thanks..

@Kristin Kiddy what was your findings with long term tenants? Did the nos work ?

@Jason Lau It will be a tall order. Except you look at the appreciation or speculative side ..

@Michael Doherty Congratulations.. the nos all look good

@Anita Anand I can relate , how I overcome business fears after doing all the things I can do mentally is to keep it in my heart ... the believe that life will always go on , heavens will not fall. Face it , the 'what ifs' voice will find there way out ...

@Jerry Padilla As per the product you mentioned. For SFR , does it require also 12months of seasoning to adopt the assessed value rather than purchase value?

@John Morgan can you pls PM me the contact as well

Thanks

@Herndon Davis pls PM me too for more details