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All Forum Posts by: Tony Savage

Tony Savage has started 1 posts and replied 119 times.

Post: Tenant just became wheelchair bound. Who's supposed to pay for the changes!!!!!!

Tony SavagePosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 123
  • Votes 77

Your tenant was abled bodied when he or she signed the lease.  You should not have to be responsible for modifications after the fact.  

I believe your tenant needs to move out and find better accommodations to meet their needs.

Did your title company miss this property tax lien?

Post: One Mortgage for multiple properties and one has a lien sale

Tony SavagePosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 123
  • Votes 77

Good Question, I would imagine the lender will want to recover whatever percentage that home represents in the single mortgage.  Talk to an attorney about this issue.

Post: Bankruptcy (but great credit score?)

Tony SavagePosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 123
  • Votes 77

The first thing that actually was a question for me is how his is business doing? Is it a start up and that's why he needs to rent a room from you?

Post: Question about responding to tenant threatening to withhold rent

Tony SavagePosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 123
  • Votes 77

Withhold rent, serve 3 day notice to pay rent or quit.

Post: Clean, paying early tenant, got a cat, we found e-cigarettes

Tony SavagePosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 123
  • Votes 77

Ok, lets stop calling this adult thats living with his parents a child!

Post: IL - Worth trying to collect on judgement?

Tony SavagePosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 123
  • Votes 77

Hey Joe,

You could let the tenant know that you will reach out to his/her employer if they do not vacate your unit immediately.  I've done this before and it is effective in getting the tenants to pay back rent or getting them to leave.

Post: Building a Strong Network in Real Estate Investing – What’s Your Biggest Challenge?

Tony SavagePosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 123
  • Votes 77

Hey Jake,

You need to surround yourself with like-minded people. Join your local investment club; there you will find folks that speak the same language.  You will get comfortable talking to fellow investors and eventually meet a few that you can do business with.

I have been investing and networking for quite awhile.  I needed more deal flow so I took a trip down south in late July (Memphis, Chattanooga & Nashville). I met with other investors through a colleague of mine and I will start flipping in Memphis soon.  I'm on my second flip  presently in Chattanooga. Two of the investors that I met with in Chattanooga and Nashville I met through BP.

Be clear on your strategy and soon you will connect with the right investors that will show you the ropes.

Good luck on your real estate journey Jake.  Reach out if you have questions.

Post: What's Up With REO Investments?

Tony SavagePosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 123
  • Votes 77

Don't waste your valuable time searching for REO properties. Those days of plentiful REO's are behind us.

Post: Application accepted on zillow but I changed my mind

Tony SavagePosted
  • Real Estate Broker
  • San Diego, CA
  • Posts 123
  • Votes 77

Be kind when you give the applicant the news.  He/she has the address of the rental.  You don't want them going by and wrecking the place.