All Forum Posts by: Thomas Jackson

Ok @Ron S. the professional on the subject.... enlighten me and explain to Jeff how the process would go. I’m just going off of my own experience from buying foreclosed properties. Technically they don’t even have a “lease” right? They used to own the home, so what does one do? The last home I purchased with a tenant inside still, we started the process, but it didn’t have to come to an actual eviction, they eventually moved out...but that certainly doesn’t mean the tenants just have the right to live in the house indefinitely without any sort of eviction. 

Please fill us in on how the “legal-federal” process would go! 

Thanks! 

@Luke Terry my brother runs a remodeling company right there in Macedonia and he specializes in flips. He has a very good reputation in the industry and in your local market. Once you find the right contractors you don’t need a PM, really good general contractors are all you need. Unless you have multiple contractors working within your project, then a PM is usually needed.

@Ron S. the whole point of an eviction is to void a lease. If the tenant even has one by chance and are not breaking any part of the lease, which you will 100% be able to find something they are breaking in the lease, whether that be not paying, noise/disturbance complaints etc.... there’s pretty much a guarantee you can get them evicted. As far as the “federal” part goes, that’s kind of like the marijuana laws......aka the fed aren’t going to get involve in petty local municipality issues. 

@Jeffrey Townsend yes once you have completed the home sale and the deed is in your name. You will be able to start the eviction process. Depending on your municipality, it could take between 30-90 days.

@Eric Oszczypala BUILD SELF STORAGE!

@Mark Shuter you should not need an architectural drawing for this....... usually a simple hand drawing with specific measurements. You should be able to get a copy of the properties topography map and sketch it on there. Unless they specifically stated using an architect, but in my experience that’s not required and a waste of money.

You need start the eviction process.....I’ve purchased homes where the people still resided, but we were able to get them out before filing the eviction process. I would even offer to help them with the move out process, offer cash to get them out, etc. But if you can’t get a hold of them, the eviction process is the only route. 

And @Bruce C.is right, hire an attorney. 

Good luck! 

County sheriff sales? 

Like @Scott Meyers said... make the facility look like a nice store front. You can build a false facade style building or even a decorative wall across the frontage of the property so it has the illusion of a nice looking business... with the storage containers stored behind. Also what area are you in? Paved parking is probably not only required by the city but will be better overall for the facility. 

Basically what McDonald’s does..... finds the right piece of land, develop/build, sell the business and lease the land. The concept should work in storage, but why not just sell the whole thing and move on?