All Forum Posts by: Steve T.

Thanks Jossalyn and Matt for the additional input, much appreciated!

Hi Jessica, Thanks for the tip! I'll stop by the next time I'm in town, maybe it will be a good fit. I'll also check out NABOR. Do they have e forms available to members, or do you have a separate subscription service (like we have to do in CO)? Thanks again! Steve 

I've been a Colorado Independent Broker for over 10 years, recently got FL license. Looking for a low cost, low hassle place to hang license in order to do personal deals, currently not interested in actively working as a listing agent or buyer broker (part time resident). Don't want to immediately join the Emerald Coast Association of REALTORS, but may at some point in order to seriously look at properties on my own.  Based in the Navarre area. I've found links to Tidal Realty and Realty Hub, but need more info/options.

Wayne is correct, the HUD offer will show the "Net to seller", and that is what they look at. If this is your first HUD offer, you will need your managing broker's NAID number in order to submit an offer.

You are both right, it is bad everywhere. If they can't raise a rate, they will add a new fee... and on it goes. It seems that even the politicians that get elected at the local level on a platform of low taxes, reform, and waste reduction end up getting co-opted by the system and eventually ask the voters for more tax dollars! Colorado's recent example was a storm water fee... now removed as illegal, but the point remains.

Dale,

Yes, Co Spgs is all on one bill, but in this case I am dealing with Teller County / Woodland Park. Anyway, you are right about the gov't printing money... and latest round of QE. Fed is about out of silver bullets, so it will be very 'interesting' to see what happens next. I have my own ideas, which may be painful, but hopefully the impact will be reduced by holding tangible assets like real estate.

Thanks Jon. That is pretty much my plan... just add the average summer water bill to the rent, plus maybe 10%, and have a cap so they must pay any excess.

Although I understand the ability for water companies to place a lien, I must confess a bit of confusion. I have spoken to one different provider here in CO that said they always go after the account holder for delinquent accounts - bill follows the individual, not the property. Perhaps it's just the policy they have decided to implement.

The water provider for one of my rentals just changed their policy. Bottom line is that they will no longer deal with renters and will only establish accounts for property owners - we are talking about a SFR. This will leave me in the position of increasing rent to cover water, or to try to recoup monthly water fees from the tenant. Is anyone else dealing with a policy like this? It was obviously prompted by a company that wants to minimize their account management functions by pushing their responsibility to the property owner. By the way, this is across the board in the area and is not directed at me, as my property has had no delinquent accounts.

Thanks, Steve

Bottom line - the REALTOR has a fiduciary to their client... this has NOTHING to do with them receiving a commission. An ethical REALTOR will not push their client to close a deal just so they can get paid.

As far as procuring cause and an active "Exclusive Right to Sell" contract (which is most common) ... the agent should get paid during the contract period (and holdover, as negotiated). However, IMO, if the property owner found the buyer himself, NOT another agent, then there should be some room to negotiate the commission on one side of the sale. Most agents will expect to double-end it, which is still not unreasonable if you expect them to work both seller and buyer sides of closing the transaction (as transaction broker, or dual-agent depending on your state).

Jon, I see you are in Denver, and I'm wondering if you have a hard time with the 2% rule. I'm in Co Springs, and have not found any 2% properties. I'm getting about an 8-9% Cap rate on a few SFR's (I'm not currently investing in any multi-family units). Also, even to get an 8-9% cap rate, I'm managing them myself, do almost all of the maintenance myself, and because of that use a percentage higher than 50% of gross rents to estimate NOI.