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16 January 2025 | 2 replies
Here’s the context:The house appears vacant, with a large tree that has fallen on the property.From what I can see, the house seems full of furniture and might even be a hoarder home.I’ve skip-traced the property and found that the owner has unfortunately passed away.The house seems to be mortgage-free, and I’ve identified three phone numbers associated with the son, who I believe is the heir.I’d like to reach out to the son to express my interest in purchasing the property, but I want to ensure I do so respectfully while also gathering the right information.Here are my questions:What’s the best way to approach the heir while showing my condolences for their loss?
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7 February 2025 | 13 replies
I gained as much knowledge as possible during my three month course but eventually it came to an end.
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10 January 2025 | 8 replies
Signing the lease demonstrates they agree to the terms and then you can hold them accountable.If you don't do this, then the person named on the lease and paying the rent could disappear and you would have no legal authority to charge the remaining three for unpaid rent.
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5 January 2025 | 7 replies
If you are not building in sufficient capex, then these costs could be higher, if not much higher.
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29 January 2025 | 68 replies
Those landlords that choose to artificially subsidize communities via suppressed lot rents do not generate sufficient reserves to set aside for inevitable capital improvements to the community’s infrastructure and aesthetics.
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18 January 2025 | 3 replies
As soon as a tenant fails to pay rent, you can file a complaint without waiting 30 days or issuing a separate notice (unless your lease requires one).That being said, it could be a waste of time/fees to run to court because tenants in NJ may come even on rent (even after you win the eviction case) and then they won't be evicted: “The tenant shall have three business days after service of the warrant for removal to pay all rent due.”
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20 January 2025 | 33 replies
Quote from @Veronica Mitchell: Yes, I'm looking at 4 plex units renting the three and living in the other interested in the more up and coming areas.
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22 January 2025 | 9 replies
I can also allow a tenant to grow with me - just moved a family from a two bedroom to a three bedroom apartment.Personally the only reasons I would choose to invest in multiple markets is a) because I wanted an excuse to go somewhere regularly or b) for economic/geographic diversity.I had the advantage that my home market was good.
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19 January 2025 | 11 replies
Hi Jaycee, We don't meet any of the three criteria you had mentioned.
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15 January 2025 | 6 replies
What’s a good price to paint a three bedroom, 1300 sq ft house?