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6 February 2025 | 7 replies
An ignorant person lacks knowledge or awareness.
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21 January 2025 | 19 replies
They stopped paying the lender and wanted to work something out with the lender but the time is running out (ie the management company did not do any significant improvement during the forbearance period) One of the LP just emailed me and said we need to raise 65k to enlist help from this company.
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22 January 2025 | 8 replies
I agree with all of the points laid out here, but people should also be aware of the benefits of TDAs such as: 1.
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31 December 2024 | 22 replies
What's all the Hype with the new law? Well this will apply to your RE LLCs…
A new law was passed back in 2020 which has not been on the radar for most business owners. Let's start with the fact that the U.S. Treasury...
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27 January 2025 | 8 replies
We are looking to open up the wall and then raise the floor and plumb 2 heated and cooled air duct lines to the room.
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9 January 2025 | 30 replies
Many voucher holders are grateful for secure housing and are acutely aware of their responsibilities under the program.
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11 January 2025 | 18 replies
Any legal issues I should be aware of in this situation?
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21 January 2025 | 6 replies
If tenant raises factual defenses such as falsifying the lease or claiming they paid rent, there would be a brief trial which you would be prepared to testify against.
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9 January 2025 | 8 replies
You will want to consult with a lawyer.In regards to your last two questions here's some background on what makes a contract valid and enforceable:Offer: A promise to do or not do something within a certain time period Acceptance: A clear and direct statement that all terms and responsibilities are accepted Consideration: A legal and adequate inducement given in exchange for the promise Capacity: The parties to the contract must have the legal capacity and competency to contract Awareness: A party must be aware of the contract Legality: The contract must be legal in the jurisdiction it will be operating in***Not legal advice*** Steps I would take: -Review contract in detail to understand each counterparties responsibilities (if you are not aware)- Email a copy of the lease to each of the tenants listed on the lease and reiterate lease expectations for termination notice, rent payment etc. - If the lease was signed via Docusign (other esign may have same ability) - you can go to the envelope, go to history and view the IP addresses for each action taken.
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29 January 2025 | 12 replies
Great point, there's also two different behaviors that can logically result from same estimates for future inflation: raise lending rates, OR buy hard assets.