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24 July 2024 | 12 replies
@Chris Seveney do you think I should make sure there’s a valid title policy (i.e. that the commitment was fulfilled?)
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22 July 2024 | 8 replies
If they know they have a landlord who will ask them for rent, and then disappear for a few days without any repercussions... that really doesn't sound like any type of incentive for them to fulfill their obligations of the lease contract does it?
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22 July 2024 | 13 replies
Question from the other side, appreciate your help:House owner was trying to sell his house but didn't get good offers so he rented it out to me, we signed a lease and I gave him the security deposit.Later before move-in, the owner said the house was in a contingent sale which the owner cancelled but the buyer didn't and the buyer fulfilled his conditions and he wants to move forward with the saleWhat are my options as a tenant, move in date not reached yet and owner saying sorry go find another place to rent?
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22 July 2024 | 38 replies
The horror stories are people buying too cheap and buying bad houses.Lots of great opportunities in Metro Detroit.LogicalPM can manage.We just heavily recommend not buying the cheapest property or getting tricked by a wholesaler on a $15k “great opportunity”.Just buy the good stuff.Metro Detroit (my rental portfolio is here)Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C+, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.The bad reputation comes from OOS investors wanting $20k D market properties.
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19 July 2024 | 6 replies
A lower cap rate indicates that the market has a lower perceived risk in the deal ( meaning that the tenant is MORE likely to fulfill their obligations under the lease) and a higher cap rate (generally) indicates a higher perceived risk (Tenant is LESS likely to fulfill the obligations under the lease or that the income is somehow less stable).
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18 July 2024 | 1 reply
They then send a list from Zillow to clients of crappy properties and say they have fulfilled their obligation.
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18 July 2024 | 23 replies
Has nothing to do with fulfilling the mortgage requirements.
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15 July 2024 | 7 replies
Leases are contracts, and both parties are obligated to fulfill them.
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16 July 2024 | 17 replies
This is going to create 2,200 new jobs.3.Amazon Investment in New Albany - Amazon is planning a new fulfillment center in New Albany that is going to create 1,000+ jobs. 4.
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12 July 2024 | 4 replies
She is now telling me that I am not fulfilling my agreement of fixing the place up.