All Forum Posts by: Tony Savage

I do not understand how that happened.  I'm a broker in CA and that's just not possible, especially when you completed your due diligence in 10 and wanted to cancel escrow.  If your escrow company allowed that to happen, you should go after them.

Are you able to put any skin in the game, besides your management expertise?

That's a good problem to have Pat!  You have a contact that has too much inventory. Now you just need to raise funds to buy more of them. What area are you in?

Sidra,

The tenant is totally responsible for the eradication of the bed bugs. I've had two tenants call me complaining about bed bugs. One of them had just returned from Europe.  I didn't want the bugs to move to the other two units so I covered half of the expense and the tenant paid the rest.  

There were no bugs in the unit when they moved in; 10 months later they have them.  Your tenants need to buck up and take care of the bugs. Tell them if they don't, you will take it out of their security deposit and they will have to replenish their deposit. That's what I did.

Hey Trevor,

I took a trip down south this summer, Memphis, Chattanooga & Nashville.  I met with fellow investors & agents in these markets.  My partners & I are flipping in Chattanooga so I hung out there for a couple of days, meeting my contractor and agent for the first time; of course I went by and took at our flip.  Two of the investors that I met with in Chattanooga and Nashville, I connected with them on BP.  

Good luck on your real estate journey, it's a fun ride!

Unless you can get the price significantly reduced, walk away Tim! You do not want this to become your problem.

Great news! I was hoping this was going to happen so I wouldn't have to take time out of my day to send in the BOI on all of my entities!

Hey Kiraat, how much is your tenant in the rears for? Do you have the contact info for his place of business? What about character references from your tenants application? You may just have to take the loss and move on.

Can't we all just get along..LOL.  Karl l believe in you man, you have the experience you can find a solid tenant that will take care of your property.  Think about the best case scenario of leasing your property!

Karl, You're living your worst case scenario right now!  You say you've been a Landlord for 20+ years in three different states.  Get your house rented out!

Good Luck!