Destiney E Goins
Destiney Goins- new to investing
13 January 2025 | 5 replies
I'll send you a Connect request to get the conversation going!
Hitanshu Shah
PM has breached contract; legal options for Out of State Investor?
15 January 2025 | 7 replies
Some of your requests may fall outside this manager’s standard practices, and customizing services for each client isn’t practical for most PMs.
Yaroslav Shtogun
Lot split with house on the line
20 January 2025 | 16 replies
It's usually best to talk with your neighbors about your plans and get their support as one of the variance tests is that the requested relief does not cause a public health issue or alter the essential character of the neighborhood.Try googling "tests for a variance in [your state]" and talk with your local zoning department.
Desiree Rejeili
Understanding Mortgage Recasting: What Homeowners Need to Know
22 January 2025 | 0 replies
Mortgage recasting is a great option for homeowners who:Have received a windfall, such as a bonus, inheritance, or proceeds from selling another property.Want to lower their monthly payments without extending their loan term or going through the hassle of refinancing.Are satisfied with their current interest rate and loan terms.How to Get StartedIf you’re considering mortgage recasting, here are the steps to take:Contact Your Lender: Ask if they offer mortgage recasting and confirm your loan’s eligibility.Determine the Lump Sum Amount: Decide how much you can afford to put toward your principal.Calculate Potential Savings: Use an online mortgage calculator or consult with your lender to estimate your new monthly payment and total savings.Submit the Request: Once you’ve made the lump sum payment, your lender will process the recasting and provide a new payment schedule.Final ThoughtsMortgage recasting can be a powerful tool for homeowners looking to reduce their monthly payments and save on interest without the cost and complexity of refinancing.
Clare Pitcher
Flat Rate vs. Percentage Based Managment Fee
29 January 2025 | 8 replies
When interviewing property managers, make sure you ask plenty of questions, thoroughly review their management contract, and request references.A little due diligence upfront can save you a lot of headaches down the road.
Account Closed
"Additional Insured" clause in PM contract
17 January 2025 | 7 replies
Account Closed a PMC has two options to get liability insurance (tenant slip & fall) protection:1) Get added to owner's policy as Additionally Insured (NOT named insured).2) Setup a master commercial policy and add every property they manage to it and then charge those owners the cost of the policy.Otherwise, a PMC CANNOT get liability coverage on a property they have no ownership interest in.So, nothing wrong with their request.
Nick Rutkowski
Sometimes, its easier to work with problem tenants than strong arm them.
26 January 2025 | 30 replies
I suspect most who requested cash for keys had previously received cash for keys.What I do instead is explain:- the housing shortage in my market and that an eviction will forever make it difficult to find a quality rental in this market. - I will ding their credit such that all credit cards and other debt will cost them more.- I will keep their security deposit for funds owed.- I will do my best to garnish future wages until their debt to me is paid in full.This has worked 100% time so far.
Ernest Ho
Emotional Support Animal / Service Animal
19 January 2025 | 18 replies
The first page is the tenant's official request for accommodations.
Elizabeth L.
Has anyone had a successful tenant eviction in Union City NJ?
21 January 2025 | 6 replies
Should tenant fail to response, you would request a default judgment and under the proposed facts it would be granted in all likelihood.
Hira Y.
Property manager still charging landlord after the PMA is over.
6 January 2025 | 12 replies
I can see the angle they're going for but, no, it's not against fair housing.Your PM is most likely looking to get paid and/or their own attorney is also looking to get paid.Regardless of when your PMA is expiring, you should be able to request them to close the case.