All Forum Posts by: Sam Lewis

@Beau Ordemann

I would highly suggest using a rental agreement if it's outside of Airbnb or you are going to be asking for trouble. We did talk to an attorney who told us that guests who book on Airbnb or VRBO are essentially agreeing to a contract. So if it's through Airbnb or VRBO, I wouldn't worry.   

With that said, I’m a licensed real estate agent/property manager so we get our short term rental agreements from our state association. You might be able to get one from a local agent in your area. I have a template if you want, but have an attorney look it over since you are in a different area. You can DM me for this.

You will need advice from local real estate agents or property managers for any extra paperwork or disclosures that are needed because each area can have different requirements.

Also, add the house rules to the contract.

Hope this helps,

Looking for recommendations on property managers in Howard County Maryland from others who have had positive experiences.

Thanks!

My experience with auctions are  "unless you follow them constantly getting a deal under the market price is very slim".I have seen many of them going over market price.

If you join bunch of them , you can get one.

Ugh good luck dude. You can try asking your County Councilperson to intervene and help. I've gone that route before when dealing with the water department and you'd be surprised how much more responsive they become.

First make sure you are dealing with a property that needs to go through probate. If titled jointly, or as tenants by the entirety, in a trust or in a life estate, you may have a living seller to deal with (surviving joint tenant, surviving spouse, Trustee or remaindermen). Go to SDAT real property search and find the liber/folio of the current deed. Then go to mdlandrec.net and pull that deed. Figure out how title was held to determine who the true owner(s) is/are. If solely owned and that owner died, you'll be looking for the Personal Representative of the Estate and once appointed the full name and address of the PR can be found online here (sounds like you know this last part): https://registers.maryland.gov...

I would send directly to the property... somebody will eventually get the mail.

@Daniel Kelley I have been doing this for 15 years and I don't have a contractor to recommend. 

Anyone here that know me, knows that I share just about anything with other investors. i don't hold back. As @Sam Lewis  said If I did have a great contractor it is the one thing I wouldn't share. They are just to rare.

One very experienced investor that I look up to as a mentor once said. "I go by the three deal rule. A contractor is good for about three properties before they flake out on you."

Finding good ones is about the hardest part of this business. Good luck