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13 February 2022 | 8 replies
Hey Greg,For most NNN leases, the landlord pays taxes, insurance, management, and CAM directly and the tenants reimburse the landlord a prorated share (based on their percentage occupancy of the building) of those expenses back to the landlord in the form of "additional rent".
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14 June 2022 | 8 replies
A quick Google search turned up a felony and he was on the sex offender registry.
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11 February 2022 | 14 replies
The ceiling in the bathroom was full of meth residue and there was smoking and cooking paraphernalia and sex toys and porn mags all over the house.
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23 February 2022 | 3 replies
Spend some time trying to come up with any possible scenario that could arise as crazy as it sounds and put it in the lease.If you are doing CAM charges be sure they are laid out clearly.
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8 March 2022 | 2 replies
In my commercial plaza my tenants pay their own utilities but I do not charge CAM, insurance or taxes for the most part.
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23 February 2022 | 4 replies
Your credit score can change, depending on how the information in your consumer report changes.Your credit score:Date:Scores range from a low of______to a high of______Key factors that adversely affected your credit score:[Number of recent inquiries on consumer report, as a key factor]If you have any questions regarding your credit score, you should contact [entity that provided the credit score] at:Address:[Toll-free] Telephone number:__________]]Notice: The federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant's income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act.
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10 March 2022 | 4 replies
I've been on this board for 12+ years and I have never heard of an investor losing their investment because of a lawsuit, except for the rare occasion where a Landlord is egregiously bad (e.g. forcing tenants to have sex instead of paying rent).
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11 April 2022 | 3 replies
-- Have you had a sewer cam done yet?
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21 October 2022 | 8 replies
What will the taxes be when it's finished.Have you talked to an electrician to make sure enough electricity is available a the drop(s)/(service lateral(s)), for the new code requirements.A Sewer Cam inspection is always a good idea on older real estate--being there during this inspection with your own site map to make notes might be helpful...ask them how long it will take, and ask the to check if backflow prevention devices are in the sewer lines--they can prevent one units sewer backup from coming up into another unit.Good Luck!
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21 October 2022 | 2 replies
In my area I have to provide notice about lead pain, bed bugs, mold, rent control, sex offenders...Your state (maybe city) probably has some sort of apartment owners association.