All Forum Posts by: Paolo Ruggieri

anyone?

All,

I have worked lately with 3 closing attorneys. They are all investor friendly and have all their strengths and weaknesses. I would like to share names with strengths and weaknesses to receive the comments of other investors that have used them. If you confirm their strength and weaknesses we can then all select them based on our needs of the specific deal:

Halperin Lyman, LLC: most expensive ($800) - very fast and efficient. they charge more because they always run quick title and order everything very quickly. If you do not close they eat the cost. great if seller demands a quick easy close. Also they do double closing with no transactional funding

Steve Harlan @ Harlan and Florence: average price ($450). Does not do remote closing. Understand investor world. fairly organized.

Michael Florence @ Harlan and Florence: low price ($350). very flexible. amazing background in subject to. If you need something very creative he is unbeatable. Not very good with communication/scheduling/follow ups

Please share your thoughts... I think it is useful for every investor to know which attorney to pick for which situation 

thank you... so the bill just reduced to a normal level? They are not putting a lien just yet, but I have huge high bills in my name which will soon turn into something bad if I don ornate address them.

Michaela, When you write "legal Sept" , what do you mean for "sept"?

Thank you!

Paolo

did anyone try to contest it?did anyone have any success?

did they tell you that?

Is it legal?

so ... once tenant left, you put water in your name they charged on your bill his unpaid balance?

All,

I recently purchase and rented 3 properties. in all 3 cases I tenant left after some time and I had to turn water in my name... when bill came was outrageous: $1000-$3000 each bill. Almost $6000 in total. In all 3 properties I know there was a issue with prior tenant water bill: in one case tenant has been delinquent, in the other case tenant used a stolen meter, in the third case apperantly meter was magically on physically, but in the system it was off.

I had a plumber going in to investigate leaks. While he did find mutiple leaks (toilets, gaskets misssing etc), he told me that none of them was worth more than $300 dollar bill... 

Unfortunantly he also told me that City of Atlanta adjusts bills for burst pipes in the front yard because they can't be detected, but will not adjust bills for leaks in the house, because they consider them negligence, as they can be seen.

In my case I suspect the city is charging me for what the tenants owed, but I am not 100% sure.

They sent me a letter that if I do not pay by Thursday Jan 5th, they will shut water off. As soon as I received the bills I filed for a dispute, over the phone they told me that I do not have to pay the bill till the dispute is resolved, but now they sent me a letter saying that they are shutting utility off... crazy.

I am planning to go tomorrow to negotiate... however, I have had horrrible expericnes with them so far and found out that typically they do not tell me what is going on (not sure if they hide things, or if the people at the window are not knowledgeble, or if they just do not care)... and there is not much hope unless you know someone.

A friend of mine (another investor) told me that he got a $64,000 (yes you are reading it right... $64,000 bill) that they would not reduce... he contacted the news and once they found out it was investigated by the media they immidiatly cancelled the bill. Now in his case was more evident and it was a "better story" for the media then my billls.

I need to go tomorrow because they wrote that they day after tomorrow they will shut off the service. Please let me know any word of wisdom you might have... specifically let me know if you went through the same thing and how you resolved it... I truly appreciate!

when I got the house appraised to put a loan ,they appraised it at 165k. Market is 170k-175k... what I realized is that appraiser doesn't not look very much at how new is pi.aint, carpet, curb appeal etc etc... a if I sell it to tenant I can get appraised price... if I sell it to an investor, a house with a $1300 rent is worth 130k top, if I take out the tenant and rehab it... it will take me 30k of works and 5k of closing costs to sell it retail... so if I sell it to the tenant I can get 30k more.

Any other ideas?

Unfortunately I do not trust tenant will stick to it. When we started a plan one year ago a plan for this tenant to get an extra job to pay credit card down they said yes. We did a lease purchase agreement. I told them in advance that if they were not buying the house they were losing money they put in the lease purchase agreement... they paid rent on time, they did work at night... but hey ended up buying a car (car payments) for their daughter!!!$400/ month!!! 

These guys need a fixed mortgage that is simple... as soon as they see they have an extra dollar they spend it instead of paying down credit card

that is kind of what I did one year ago... now year is up