One property's unit was stolen the same weekend we closed and the insurance hadn't kicked in, yet.

I actually wanted her to be in the house (for security reasons) but she didn't want to be there and it was nerve wracking because she left her jewelry all over her bedroom and I had to be extra careful (especially with bigger groups) so nothing got stolen.

Hey Guys, My names John I've been working in merchandising and retail planning for the past 7/8 years after college.

On July 4,2014 the property got broke into an the tenant TV was stolen also on JULY 6, 2014 the property was broken into again an the tenant COMPUTER was stolen the house as an alarm on it.

Bridget I would try to get out of that contract quick.If it's the area I am thinking of it is a war zone.I looked in the city of Atlanta for awhile.Mostly old homes with high taxes in horrible areas.Some of the streets are called "gun alley drive" - not joking.When I drove these areas during the day I had a few people in the car and locked the doors,didn't slow down,and didn't exit the vehicle.It's pretty bad when you see police avoid driving in certain areas.Not saying this is where your property is at but I would be shocked if it was in a good area.These properties even with rehabbing the exterior mechanicals will be stolen again within the week.A key is how many homes are vacant on that street and is the area transitioning down or up in its cycle as far as crime and revitalization.I don't like the older homes in Atlanta.They sit on small lots so the land is not valuable.They have very high taxes with some at 3,000 or more a year based on inflated assesments from years ago.The properties are also very old in age.Many of these properties had lipstick put on them for flips years ago for fraud.Now with these old properties you will be eaten alive in costs with possible lead paint,galvanized pipes,asbestos,foundation issues,radon,mold,etc.

Im not sure but if a birdie just happened to tell her to change the locks herself and to notify the landlord in a letter with new keyse that she lost her keys or that they were stolen and she had no time to spare for fear of a stranger having them, the landlord would be clear from locking anyone out.

If they are low income rentals, they will get stolen.

You know as soon as you try to replace something that was stolen, it will be stolen again.

.~ The flips always cost more $ and time than I thought, which cut into my profit tremendously~ I didn't manage contractors very well (A lot of $ was wasted and stolen)~ Inspection responses cost a lot of $ ~ FHA has the 90 Day rule (an FHA Buyer can't get a loan until you own the home for 90 Days, again this was more time into the project and more $)~ I only wanted to go to these properties like 3 times during the whole rehab process, but I found myself going there about a dozen times per project.

However, if you reported your license to the police as lost or stolen and you have proof that of such, you may be able to send that proof to the collection agency/municipality that is sending these letters.