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All Forum Posts by: Patti Robertson

Patti Robertson has started 59 posts and replied 2591 times.

Post: Virginia Usury Laws

Patti Robertson
Posted
  • Property Manager
  • Virginia Beach, VA
  • Posts 2,712
  • Votes 2,244

I am not an attorney, but see plenty of court cases where the interest is as high as 18%+. The Judge always asks to see the contract if more than 6% is asked for, but it appears to be legal according to what is happening.

Post: Legislative Action Needed Please Spread The Word!

Patti Robertson
Posted
  • Property Manager
  • Virginia Beach, VA
  • Posts 2,712
  • Votes 2,244

LEGISLATIVE CALL TO ACTION NEEDED - PLEASE SPREAD THE WORD!

Tell Congress to End the CARES Act 30-Day Notice to Vacate

One of the remaining provisions of the CARES Act is the 30-day Notice to Vacate that is required for properties that are federally backed (e.g., Section 8 properties, properties financed by a Fannie Mae- or Freddie Mac-backed loan, etc.). This section did not expire when the CARES Act eviction moratorium did over two years ago. It should have, but because of the way the CARES Act was drafted, it did not.

Senators Cindy Hyde-Smith (MS) and Bill Hagerty (TN), and Congressmen Barry Loudermilk (GA) and Vicente Gonzalez (TX) have introduced the Respect State Housing Laws Act, which would end the federal 30-day notice to vacate and return landlord-tenant to its pre-pandemic posture as a function of state law. The House legislation is H.R.1078, and the Senate version is S.470

Please take a few minutes today to contact your Representative and Senators to ask them to co-sponsor this legislation. (If one of your Senators or your Representative has already cosponsored the Respect State Housing Laws Act, you will get a sample message that reflects their support.)

Use this link to find a sample letter with a rep search tool that will send you letter to your representatives.https://narpm.quorum.us/campaign/109583/

Post: Excited to be here!

Patti Robertson
Posted
  • Property Manager
  • Virginia Beach, VA
  • Posts 2,712
  • Votes 2,244

Of course my nosey self had to go look up your rental property. It's super nice!  FYI that the address listed as the mailing address for the city notices is still the property address.  You should contact the Virginia Beach assessor's office to update your mailing address.

Post: New Michigan Law: Landlords Can't Discriminate on Tenant Income Source

Patti Robertson
Posted
  • Property Manager
  • Virginia Beach, VA
  • Posts 2,712
  • Votes 2,244

We have virtually the exact same law in Virginia.  I have always been willing to take vouchers, so that aspect did not affect me when the law changed.  Before this law, however, I only accepted applicants with "garnishable" income to help protect the landlord in the event we ended up with a defaulting tenant. This criteria is no longer allowed

Post: The rise of flat fee buyer agent brokerage

Patti Robertson
Posted
  • Property Manager
  • Virginia Beach, VA
  • Posts 2,712
  • Votes 2,244

Because there is tons of competition for flat fee brokers for as little as $99. They have been around a very long time. You wouldn't be competitive with the price you stated in your post.

Post: about section 8

Patti Robertson
Posted
  • Property Manager
  • Virginia Beach, VA
  • Posts 2,712
  • Votes 2,244

I manage 125 SEC 8 properties and have been using the program for 15ish years.  There is SO much to say. To save my fingers from typing the same thing over and over, I wrote a blog on BP with my tips and tricks. Here is the link - https://www.biggerpockets.com/member-blogs/9232/55313-intro-...

Post: Real Estate Investor with a Maid Company - How Can I earn Realtors Business

Patti Robertson
Posted
  • Property Manager
  • Virginia Beach, VA
  • Posts 2,712
  • Votes 2,244
Quote from @Zachary Scalzo:

Thank you. This is super helpful! I wonder if there is a way to web scrape for when a new realtor is hired or passed exams in the area so that I could hit them up immediately. 


 Our state licensing department provides the list of licensees for free upon request.  Contact DPOR.  This doesn't seem like a good marketing strategy to me though.  It would be far better for you to join NARPM - National Association of Residential Property Managers SE Virginia Chapter and join as an affiliate.  The vast majority of licensees don't do any business.

Post: Real Estate Investor with a Maid Company - How Can I earn Realtors Business

Patti Robertson
Posted
  • Property Manager
  • Virginia Beach, VA
  • Posts 2,712
  • Votes 2,244

I own a PM company in Hampton Roads and checked out your website. Your payment requirement would rule you out for us.  We pay by check or ACH weekly on Fridays.  We don't pay vendors by credit card or cashapp because it is far too hard to keep the accounting straight with a high volume of transactions to do that.  We could use a new cleaning company though.  If you are interested in becoming a vendor you can find the vendor paperwork package on our website and submit it to Jade@ - end is the same as my e-mail address below.

Post: Tenants not paying rent

Patti Robertson
Posted
  • Property Manager
  • Virginia Beach, VA
  • Posts 2,712
  • Votes 2,244

Good catch @Zorya Belanger!  I didn't even notice the location tag!

Post: Newbie Here (Duplex/Sfh)

Patti Robertson
Posted
  • Property Manager
  • Virginia Beach, VA
  • Posts 2,712
  • Votes 2,244
Quote from @Jaycee Greene:
$132,500/unit for 2/1s in Hampton is too much IMO.