All Forum Posts by: Aaron Poling

I would suggest speaking with a local real estate attorney to see what your rights are. You may be able to enforce performance, or get compensation but you really need to have an attorney review the contract. Good Luck! Aaron

Listing pictures are always a pet peeve of mine. With digital photography they are so easy to take and post. As a real estate agent it always drives me crazy when other agents only post one, or no pictures. I always wonder how their clients let them get by with it. If someone is selling on their own, it still doesn't make sense. The data on how many more views listings with 6 or more pics is crazy, doesn't make sense not to do it. In some cases it may lead to an opportunity, because if you inquire and its a good deal, potentially that listing will have less competition for you to bid against. 

Good Luck! Aaron

I would recommend holding the property as a rental and financing your cash back out. Seems like the cash flow would be good, and you could just repeat the process. If you decide to flip, you will make some cash but have tax implications as well. In the long run, you need to decide what your goals are, develop a strategy that supports those goals and follow that path. Either way you go, sounds like you have put together a profitable deal, Congrats on that! 

Good Luck Aaron

Lots of great answers on here so far. I think renewal is the best time to do it, and atleast 60 days notice but keep in mind what your original lease, and local regulation set as a minimum notice. I would recommend sending in whatever way you typically contact your tenants, but also send by mail. Good Luck! aaron

If it is actual damage, that is different than wear and tear. I am guessing they are holding a Deposit, and can just withhold the amount from it, refund you the remaining amount and you would have to go to small claims court to fight it. I would try and strike a deal with the landlord, as fighting this in court may not be worth the trouble over the amount they are charging you. In my experience the landlord has the leverage in this situation. I have been on the tenant side of this a few times, and just took my loss to avoid the trouble. When I lease properties out now, I take tons of pictures so the move in condition can be shown and helps protects both parties. Good Luck! Aaron

I am in the Eastern Panhandle of West Virginia. Specifically Jefferson, Berkeley and Morgan Counties. We are sandwiched between Maryland and Virginia with close proximity to Baltimore & DC, with the added benifit of less regulation and more competitive pricing than most of our surrounding areas. I am a Realtor in this area, and also invest here as well. Let me know if I can assist! Thanks for considering WV! Aaron

This is a tough one to answer without knowing more information. Buyers are typically in charge of their own due diligence, so this may just go back on you, especially if it was purchased as-is. Seems as though everyone is blaming the title company but if the renovation was complete without approvals, then the city may not have know in order to tell the title company depending on when the property was condemned. I don't know if the title company could have known. I suggest calling your real estate agent, the title company, your inspector, etc... basically everyone involved and see if they can help you resolve. In the long run I would evict the tenants, and work with the city to clear this up as quickly as possible. 

Having a property condemed sounds terrible but I have seen a brand new home get condemed because the buyer moved in before a frost free hose bib was installed to get the final inspection. There may be a few easy steps you can do to get this lifted from the property. 

Good Luck! Aaron

Give this attorney/title company a try. They do a great job and investor friendly. 

Chris Luttrell

Luttrell, LC

127 Crimson Circle

Martinsburg, WV 25403

Phone: (304) 267-3050

Facsimile: (304) 267-3060

Website: http://www.luttrell-law.com

Hey Alex! What part of WV are you looking in?

As Aaron's we need to stick together! Thanks!