All Forum Posts by: Terry Miller

Be sure that any "boots on the ground" operative you use is working for YOU, and is not a secret part of any potential deal. They should be up front about any conflict of interests. If they steer you to property A instead of B, you want it to be about the strength of the deal, and not that they are getting a kickback from the seller.

Old map: (area in question is part of Highland Square, technically)

http://www.ohio.com/wp-content/uploads/archive/1.693696.jpg

New map: (area is now called West Hill)

http://media.cleveland.com/akron/photo/akron-neigh...

And while it could technically be called Highland Square, realistically it is viewed by 99.9999% of the people around here as NOT being Highland Square.

EDIT: Now that I remember, it isn't any longer, because they had an article in the local paper a while ago touting the city's new map of the named areas of Akron (eg. Firestone Park, Goodyear Heights, Merriman Valley, Wallhaven), and marked the boundary for Highland Square much further west.

 I live approximately eight minutes WALK from those houses. I have passed them both about 21,000 times, as I have lived in this area for about thirty years, on and off. I would be very wary of them unless you get them for a very low price, put your cap rates up to about 35%.

No, it's not.

It's not just a semantics thing. They should be more transparent with what each dollar amount represents. What if on your next pay stub, they put your gross, and then they simply subtracted a dollar amount titled "Miscellaneous"? You would not be pleased.

"Bend over backwards to help your friends, but never forwards."--Terry D. Miller

Your counteroffer was extremely reasonable. Their insistence that "Nana" not sign anything is giving me that bad vibe. As I am typing this post, I am trying to figure out why she would not want to sign the lease, even with the clear understanding that she wouldn't be held responsible for the rent, only damages.

Most people would say move on to the next applicant. There is nothing wrong with doing that.

You know the thing where you ask someone to the school dance, and they say "Yes" to you, but a week and a half later, they "remember" that someone else had asked them first?

They got some other great opportunity, and want out. The BIG question is this: did they SIGN A LEASE?

"His pet deposit is your deductible."

Use Mr. Badin's idea of the separate Pet Agreement Addendum to your lease.

Option to is to get a few insurance quotes.

Here it is for you (relevant Florida statutes):

Florida Statutes Section 715.104
1. When personal property remains on the premises after a tenancy has terminated or expired and the remises have been vacated by the tenant, through eviction or otherwise, the landlord shall give written notice to such tenant and to any other person the landlord reasonably believes to be the owner of the property.

2. The notice shall describe the property in a manner reasonably adequate to permit the owner of the property to identify it. The notice may describe all or a portion of the property, but the limitation of liability provided by s. 715.11 does not protect the landlord from any liability arising from the disposition of property not described in the notice, except that a trunk, valise, box, or other container which is locked, fastened, or tied in a manner which deters immediate access to its contents may be described as such without describing its contents. The notice shall advise the person to be notified that reasonable costs of storage may be charged before the property is returned, and the notice shall state where the property may be claimed and the date before which the claim must be made. The date specified in the notice shall be a date not fewer than 10 days after the notice is personally delivered or, if mailed, not fewer than 15 days after the notice is deposited in the mail.

3. The notice shall be personally delivered or sent by first-class mail, postage prepaid, to the person to be notified at her or his last known address and, if there is reason to believe that the notice sent to that address will not be received by that person, also delivered or sent to such other address, if any, known to the landlord where such person may reasonably be expected to receive the notice. Therefore, if the tenant left personal property and you estimate the total value to be less than $500.00, send Notice of Right To Reclaim Abandoned Property - Value less than $500.00".

Florida Statutes Section 715.107 -- Storage of abandoned property
The personal property described in the notice either shall be left on the vacated premises or be stored by the landlord in a place of safekeeping until the landlord either releases the property pursuant to s. 715.108 or disposes of the property pursuant to s. 715.109. The landlord shall exercise reasonable care in storing the property, but she or he is not liable to the tenant or any other owner for any loss unless caused by the landlord's deliberate or negligent act.