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26 June 2024 | 18 replies
@Stuart Udis I think that's a valid point, but in my state, I don't typically see any harm in forming an empty shell Management Co to deal with third parties, given that the filing fee is relatively low, approximately $350.
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27 June 2024 | 4 replies
You should, at a minimum, have him document the tenant caused damages and have the tenants sign an agreement that they are responsible for those damages.
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27 June 2024 | 4 replies
What happens when the actions of one owner, cause a lawsuit against the PMC and thereby ALL the owners (since they'll all own part of the PMC)?
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26 June 2024 | 4 replies
So, besides now protecting the floor if this tenant wants to keep using it because these free standing bags can move around, they also are noisy and can cause vibration.
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26 June 2024 | 3 replies
Take Photos: Capture images of the incomplete work, the removed alarm system, and the broken tile.Written Records: Keep a written record of all communications with the contractor, including dates and details of conversations.Scope of Work: Check the contract to see if it explicitly mentions the removal and reinstallation of the alarm system, as well as any handling of fixtures like the fireplace tile.Breach of Contract: Identify any clauses that the contractor has violated by not completing the work or causing damage.Formal Letter: Write a formal letter to the contractor outlining the issues, referencing the contract, and requesting a resolution.
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30 June 2024 | 54 replies
lol we are talking the same, lets say we do some input statistic analysis ( i did it before ), so in 2009 the mortgage debt with typical husband and wife working is like 29% ; now that number is going as much as 44% in some cities. also our home price is created using auction systems, if there'e 100 houses in one zip code, the pricing discovery in created by the last 3-5 home purchasers, which indicate 95% of other folks does not necessarily able to purchase home or do mortgage with current rate.Which cause a problem, one household either need to maintain job that can continously paying the mortgage and/or the loyalty of husband and wife is a MUST LOL Having said that, to maintain 1.5 mil homes in bay area for example, husband and wife should not divorce for 30 years at least.But for 150k house in Ohio, the husband can divorce their wife anytime while maintain the mortgage payment LOLHaving said that, getting divorce is very suicidal for financial.but also creating different effect, for single guy, there's almost no way they can purchase home, unless they're cardiologist or any other high income earner LOL (this example is just for fun).In our area the home supply is coming from two sources mainly: people going retirement and want to cash out or separation in relationship LOLGetting separation is very expensive especially if you born in 1970/1980/1990s, I would even argue the moment you are married-->single thus you become the renter class again LOL
28 June 2024 | 13 replies
Tenant also agrees to the following:-All drains, waste pipes, and plumbing are accepted as clear by Tenant at the time of occupancy, and any material blocking them after occupancy shall be repaired at Landlord’s cost, unless determined by repair person that such blockage occurred during the time Tenant controlled the Premises and due to some fault or negligence of Tenant, specifically excluding blockages caused by roots or backups from the street.
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26 June 2024 | 4 replies
A third chart that I did not include would show you that the spike was also caused by "dry lots", meaning no waterfront.So, where did all of the inventory go?
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27 June 2024 | 1 reply
A short time after a hurricane blew some shingles off the roof and caused a leak.
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26 June 2024 | 11 replies
There are a few good people in the company, but the bureaucratic overhead and separate divisions always caused issues.