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All Forum Posts by: Tom C

Tom C has started 40 posts and replied 1025 times.

Post: "Never, ever do Section 8"

Tom CPosted
  • Real Estate Investor
  • Ohio
  • Posts 1,067
  • Votes 84

Second 8 is really what you make of it. I happen to have a great relationship with our S8 office and the girls that work there take care of me. I had one tenant who basically left a huge mess for me to clean up after he moved out. They demanded a itemized list of damages and my time to make the place rentable again. They set him up on a payment plan and he had to continue to pay me every month until I was repaid for all my cost.

Not all S8 tenants live in low to no income neighborhoods. My current tenant happens to be a full time student and works part time as a home health aid and she has one little baby. She is so far the perfect tenant.

As far as the lead paint issue. I haven't ran into that yet. I imagine, as with any other lead paint issue, as long as you repaint over it, it will be sealed and you won't have any problems. Remember, if your tenant has any children under 6 yrs old, you can have no flaking paint anywhere on the property, including the garage.

I have to go through a yearly dwelling inspection permit process through my city, so the yearly S8 inspection really isn't a big deal. The best part if you have any problems with your S* tenant, you call their case manager and they handle the issue, at least in my case

Post: REO Offers Accepted

Tom CPosted
  • Real Estate Investor
  • Ohio
  • Posts 1,067
  • Votes 84

Canton area, even better. I would suggest a good friend or family member. I really dislike property management companies. You could always run an ad on CL for someone in the construction business, but my concern would be, then you are trusting your business and your customers to someone who may not have any idea how to legally handle certain issues. So then you are right back to using a property management company. Boy, I don't know. I would only trust family or a close friend.

Post: REO Offers Accepted

Tom CPosted
  • Real Estate Investor
  • Ohio
  • Posts 1,067
  • Votes 84
Originally posted by Scott Karg:
deal They insist judgment doesn't follow property, and say they will charge me the $100 per diem if we don't close. What a joke, where's MY per diem for them not closing on the 7th? :lol:


That sure sounds like a Fannie property. They put the same rule in my contract. You should be able to look up the current owner on your auditors site.

Post: REO Offers Accepted

Tom CPosted
  • Real Estate Investor
  • Ohio
  • Posts 1,067
  • Votes 84

Joe, $30K investment with results of $750 per month is very good. Same process I have been following and have been very successful.

My only concern is that you mentioned that you were out of state/ out of country very often.

Who is managing your property and tenants? Getting those kinds of deals you are working in Akron, which is the same game I am playing. Just a different area and Akron is very difficult to break into unless you have the right connections.

If you are not on top of your tenants continually, you will have nothing but problems

Post: Shared Driveway Issue

Tom CPosted
  • Real Estate Investor
  • Ohio
  • Posts 1,067
  • Votes 84

Jaw, I was actually over there last night and caught the one tenant mid stream while she was using my drive. She said that her muffler was ready to fall off and using my drive was much better, because their drive is on the main highway and is in pretty bad condition.

What this really comes down to is the fact that I am dealing with a 20 year landlord in my area who refuses to deal with his tenants or his properties.

Like I said normally he'd be talking to the willows and it, but he is a wll known business man in my area, I have to treat him with kid gloves as long as I want to operate in the not so nice area's of town.

I have to play but their rules as long as I am on their block. Good landlord who take care of their tenants and property and very far and few in this area.

Post: Shared Driveway Issue

Tom CPosted
  • Real Estate Investor
  • Ohio
  • Posts 1,067
  • Votes 84

Great advice Jon.. I think I will rent a 6" auger and place some wood poles where a fence should be. As long as they are at least 3' out of the ground, this should be plenty of viewable area for people coming in. I will have to contact the landlord next door and see if I can put them on his property also, otherwise, it's not going to be fesiable.

I am also going to contact the County Recorders office and see if they will send me the records. It will save having to take a day off work.

Post: Shared Driveway Issue

Tom CPosted
  • Real Estate Investor
  • Ohio
  • Posts 1,067
  • Votes 84

Jon, You maybe on to something even better. Instead of putting a fence up, may, a few wooden fence posts in just the right area's. Any idea what an ILC normally cost. I believe I would have to at least get one of those before putting anything in.

Post: Shared Driveway Issue

Tom CPosted
  • Real Estate Investor
  • Ohio
  • Posts 1,067
  • Votes 84

Hey thanks Marc. You would think being a software developer, I'd be able to figure this stuff out on my own.. :)

Post: Shared Driveway Issue

Tom CPosted
  • Real Estate Investor
  • Ohio
  • Posts 1,067
  • Votes 84

Well Jon.. Here is what the deed says.

1. lot No.: 39 in George P. Hunters Second Addition Replat PPN: 39-252900 Driveway Easement, dated Dec 21, 1998, received for record January 26, 1999 at 15:20 PM and recorded in Offical Record Volume 1335, Page 164 of xxxx country records.

2. Plat Notes Volume 48, Page 37

- Shows Common driveway in regards to caption premise.

OK.. This tells me we have a common driveway, but I knew that we did with the neighbor in plat 40. I almost looks like I am going to have to take a trip to the court house and look up what exactly Volume 48 Page 37 states. Correct?

Post: Shared Driveway Issue

Tom CPosted
  • Real Estate Investor
  • Ohio
  • Posts 1,067
  • Votes 84

Thanks Jon.. Here is the image, hope it works.
My duplex is 39, the duplex causing the issues is 42 and I share the drive with 40.

If you can't see this, then you can view it in my pictures under the duplex gallery. I will look over the deed again and see if I can find anything on it.

Thanks