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22 November 2024 | 12 replies
You could use a simple move-in checklist or form for them to document any immediate issues.
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22 November 2024 | 2 replies
@Nick Belsky gave you great advice.In this situation, best to keep it as simple as possible, and I often give two offers; first, perhaps an all cash (way below market) and let the owner know that it is what it is--a below-market offer.#2 would be the seller holds the financing--I wouldn't go to a 30-year amortization, especially with an 80-year-old seller.
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20 November 2024 | 6 replies
(I was communicated that their was a kitchenette permit pulled for the garage by my real estate agent during the purchase process. )Any suggestion for temporary solutions for this would be greatly appreciated.
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22 November 2024 | 12 replies
I'm a nice guy and I'd love to help her, but now I feel like I'm down to documented, official communications only.
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22 November 2024 | 33 replies
It can be a simple 1-2 page Option contract.
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21 November 2024 | 25 replies
Thanks Yes simple, you have it inspected by a led cirt guy, 500 per door.
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21 November 2024 | 4 replies
Here are a few simple and free ways to learn: Go to real estate meetup groups, attend open houses and speak with the agent there, inspect FSBOs (for sale by owner), walk your area, and speak to people tending their yards.The idea is to engage with other people and ask, Ask, ASK questions about their experience with the local market.Some other ideas: find a home inspector who will let you tag along in a property inspection, and absorb what they are looking at and why.Your mindset and enthusiasm for learning about real estate will open many doors for you.Good Luck!
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22 November 2024 | 9 replies
I ended the offer to rent to the tenant on December 1st and didn't receive any communication from LMHA until December 15th when they tried to schedule the inspection...that's 45 days to process a voucher.We had another home pass inspection on November 5th and we hadn't "stopped and waited" for LMHA because it had never been a major issue before so we let the tenant move in...LMHA announced on November 15th that the tenant voucher needed to be re-evaluated by LMHA and that the rent rate needed to be adjusted (The story was the "Administrator A" reviewed and approved it but since they had resigned, now we had to wait for "Administrator B" to do it.
19 November 2024 | 15 replies
Majority of mold complaints are tenants panicking and/or trying to get free rent out of their landlord.If they do get an attorney involved, their attorney will send you a written notice, which will lay out the issues and often tell you to give the letter to your insurance company.Don't bother with this, but you can discuss with your agent.When you or your PMC (or both) receive a legal notice of a case started, that's when you want to get your insurance company involved.Recommend you keep a record of all your communications with your PMC about this issue.
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23 November 2024 | 15 replies
READ IT AND KNOW IT.We have a fairly simple process at all our properties.