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5 November 2024 | 4 replies
Then, before buying anything else, make a list of all the learnings you got from this experience, and then list the systems and policies you'll put in place to ensure you never do this again!
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7 November 2024 | 15 replies
You MAY be able to ensure nobody is living there and avoid the need to use a constable/sheriff by having the municipality's code enforcement office post a notice saying the place is "uninhabitable".
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8 November 2024 | 38 replies
Probably best to look elsewhere accordingly, as the availability of properly zoned STRs is quite limited.
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3 November 2024 | 8 replies
@Glen Michael we charge an onboarding fee to owners, which they ALWAYS complain about, but they don't want to undertand why it's so important.We use the funds to check:1) Ownership: we verify property is actually properly deeded to their name, LLC, etc. - We've found issues where owners was NOT on the deed and was scammed- We've also had to patiently explain to owners that since an LLC owned the property, that the management contract had to be in the LLC name and we needed proof they could sign for the LLC.2) Property Taxes: we make sure we know the status, to avoid tax foreclosure issues.- Took over several properties for an out-of-country owner last year that we're in the midst of tax foreclosure.
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1 November 2024 | 5 replies
The areas probed still seemed solid, but be aware that some types of wood destroying fungal damage will only be detectable once the wood has properly dried out.
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11 November 2024 | 22 replies
I would really drill down on how and why it got to be so expensive, why they didn’t let you know before doing the work, and let them know you would have gone with the $9k bid had they communicated properly, then see if they will negotiate with you.
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3 November 2024 | 1 reply
However, we also learned that even in high-demand areas, careful buyer vetting is key to ensure smooth closings on fast flips.
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9 November 2024 | 21 replies
I see the value in not being overwhelmed because of a failure to properly build a situation with systems and organization.
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4 November 2024 | 4 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
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4 November 2024 | 14 replies
I would absolutely collect that from them if they were properly notified