All Forum Posts by: Tim Haley

To answer your first question property taxes are paid 1 of 2 ways. If you have a mortgage on the home most likely they will be paid monthly along with your mortgage payment. If it's an all cash deal then the tax bill is sent to your mailing address towards the end of the year. 

Leases need to be properly created by a attorney preferably. Leases are legally binding and landlords get sued all the time over various reasons. Leases will very state by state and it's crucial that you as the landlord understand the details before you rent your home out.  So I would highly recommend spending a few hundred dollars to have a attorney draft a lease that satisfies your need's. A good lease will save you time and money through your investing career.

From my experience the MLS and the Homepath website can have as much as a 24 hour period until both are updated with the correct info. I also know that the Homepath website is full of typos so try searching for the property through zip code or city only. If that doesn't work you last resort is contacting the listing agent for a update.

There is a 4 story building in the middle of downtown Orlando that will be up for sale in the very near future. Asking price is 4.2 million and it's 42 thousand square feet. The owner thinks whoever buys it should tear it down and put high rise condo's. I advised him against it because its old building with a lot of history to the city. The question I'm asking is do you ever feel that the money you could make is not worth changing an area's heritage or history.