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All Forum Posts by: Zac Gorski

Zac Gorski has started 4 posts and replied 12 times.

Post: Real Estate Photograhers in Pittsburgh | Available at beginning of Nov

Zac Gorski
Pro Member
Posted
  • New to Real Estate
  • Pittsburgh
  • Posts 12
  • Votes 3

Post: Real Estate Photograhers in Pittsburgh | Available at beginning of Nov

Zac Gorski
Pro Member
Posted
  • New to Real Estate
  • Pittsburgh
  • Posts 12
  • Votes 3

Hello Hive, 

Looking for a story telling, artistic Photographer with the right equiptment to come to Pittsburgh South Side Flats for a  quick session in November.  

Thank you!

Post: Urgent | Closed on First Property | Transition and 60 Day Notice Advice

Zac Gorski
Pro Member
Posted
  • New to Real Estate
  • Pittsburgh
  • Posts 12
  • Votes 3
Quote from @Cory St. Esprit:

@Zac Gorski would love to know what happened here a month later..

Would love to share Cory And All.  

Spoke with an Attorney who advised that I was correct in the situation and mentioned posting notice on the Tenants door, as well as Certified Mail, then going to the Magistrates office to file and Landlord / Tenant Complaint. I did both.  

Just as I was posting the notice on the Tenant's door, the door was not shut all the way and I was suddenly face to face with the Tenant. I took a deep breath, explained the situation and where i was in the process and the fact that he signed a renewal of an original lease.  So long as there are no new terms,  all terms carry over.  He said he wanted to talk to an Attorney himself.  He did.  

Got a text that he was willing to comply that evening. He is actually leaving about a month early.  I am paying him the prorated rent for the days that he will not be in the unit this month and all is well with the world.  

I appreciate everyone's contribution to the concern, however a few had me much more stressed than needed!!   It was a blessing that the door opened.  Face to face chat is always best and shows the other person that you are human.  Learning fast and hard over here with Property number one! 

Post: Urgent | Closed on First Property | Transition and 60 Day Notice Advice

Zac Gorski
Pro Member
Posted
  • New to Real Estate
  • Pittsburgh
  • Posts 12
  • Votes 3
Quote from @Lynn McGeein:

@Zac Gorski review your closing documents carefully 1) if owner occupied mortgage, it usually requires you occupy x days from closing date (ours was 60) so maybe ask insurance and mortgage for extension if needed. 2) does your state have some rule where you can end a lease early to move in? If not, you likely must honor current lease terms unless tenant agreeable - read lease as it may have early termination agreement. 3) your contract and/or settlement statement should show security deposit transfer agreement. If you didn’t ask for it in the offer and not transferred at settlement, seller may not have to provide it, but you’d still be responsible for it when lease ends. Your agent should have reviewed all this with you during inspection or due diligence period. I’d just plan to occupy the vacant unit if you need to honor the current leases so you can meet owner occupant requirement for mortgage and insurance, unless the tenant agrees to go early.


 Thanks Lynn!  

let me know your thoughts with the above reply and updates. 

Post: Urgent | Closed on First Property | Transition and 60 Day Notice Advice

Zac Gorski
Pro Member
Posted
  • New to Real Estate
  • Pittsburgh
  • Posts 12
  • Votes 3
Quote from @Theresa Harris:

the rent and deposits should have been transferred to you at closing.  For Aug rent, it would have been prorated.

How extensive are the renos to the vacant unit?  If they aren't that extensive, move into that unit.


 Hi all!  Wanted to provide some updates here. I really appreciate the input.  

All clear on deposits that they were credited in the loan. 

There is a clear as day sale clause in the original lease signed by the 1 bedroom unit that the tenant is living in in question.  This tenant is under the impression that since the paper he signed when he signed his renewal didn't clearly state the sale clause that it doesn't apply.   I don't see any way that this would be the case as there are no amendments or term changes at all from the initial lease to the renewed one.  I plan to serve him a 60 day vacate notice on Monday.  

the other until is a two to three bedroom which I don't need for just me.  I will be loosing money by occuring that unit.  

if the tenant still refuses to vacate , what can I do to protect myself of the for an eviction?  

Would an attorney be necessary or break the bank here making it a waste of money? 

Post: Urgent | Closed on First Property | Transition and 60 Day Notice Advice

Zac Gorski
Pro Member
Posted
  • New to Real Estate
  • Pittsburgh
  • Posts 12
  • Votes 3

The current lease goes through to May 2025.  So keeping it is not an option. 

Post: Urgent | Closed on First Property | Transition and 60 Day Notice Advice

Zac Gorski
Pro Member
Posted
  • New to Real Estate
  • Pittsburgh
  • Posts 12
  • Votes 3

Hi Jonathan, thank you for your reply! 

there is a clause in the lease that if there is a sale of the property that I can give 60 days notice to vacate essentially terminating the lease. 

There is one unit that is vacant but I am rehabbing that unit.  Per insurance I will be occupying the unit that this tenant is currently in.  It saves me money on the homeowners as it is a multi unit building. 

With regard to the deposits, I probably just missed that with all that was going on that day.  

Does the notice have to be notarized or certified or can I simply email a DocuSign or sorts? 

Post: Urgent | Closed on First Property | Transition and 60 Day Notice Advice

Zac Gorski
Pro Member
Posted
  • New to Real Estate
  • Pittsburgh
  • Posts 12
  • Votes 3

Hey All! 👋  
So excited to announce that I have just closed on my first Property, a Triplex in Pittsburgh, Pa.  

For financial, insurance and logistical reasons, I will need to occupy one of the two units that are currently occupied.  
The lease states that I may give 60 Days notice to vacate to the Tenant who currently occupies this unit. 

Can someone provide insight, a template and help with how to best send this notice?  
Does it have to be notarized or certified?  

Closed August 12th - I am also confused about what happens with the rent money that would have been paid for August.  And what happens to the security deposits?  Do they just transfer somehow? 

Appreciate the help, 

Post: FHA AND Commercial loan at same time??

Zac Gorski
Pro Member
Posted
  • New to Real Estate
  • Pittsburgh
  • Posts 12
  • Votes 3

Hi Matt! 

So, as the first property would be a triplex or fourplex, I was in the understanding that I could use 75% of the income coming from that initial owner occupied purchase towards my debt to income ratio going into the next purchase.  

Also since the first purchase would be FHA (3.5%), I would still have money saved for the down payment on the next, probably in the range of around 50k, also could get a partner for the second, though since this will be my first two purchases, I'm leary about adding a partner already into the mix.

Post: FHA AND Commercial loan at same time??

Zac Gorski
Pro Member
Posted
  • New to Real Estate
  • Pittsburgh
  • Posts 12
  • Votes 3

I have a W2!