Jimmy S.
Collection agency?
8 July 2024 | 14 replies
I have evicted a tenant got a judgement from the court.
Alan Asriants
The realities of real estate investing - even if you own turnkey properties
8 July 2024 | 3 replies
Thanks for the recap, tend to agree that when it rains it pours, that things tend to stack up then go quiet again.
Ross Francis
Maine-tenance on multifamily
8 July 2024 | 2 replies
As a hard money lender who works with many investors in the Portland area, I can share some insights on maintenance costs for multifamily properties in this market, though individual experiences may vary:Lots of investors report a slight decrease in maintenance costs during winter months, bc of:- Fewer landscaping needs - Less wear and tear on HVAC systems (as heating is generally less intensive than summer cooling)- Reduced tenant turnover in winterWinter-specific issues can arise:- Potential roof repairs due to heavy rain or occasional snow- Gutter cleaning and maintenance to prevent water damage- Heating system repairs or maintenancePortland-specific factors:- The mild climate helps reduce extreme weather-related maintenance issues. - Older housing stock in some areas may require more upkeep. - Strict local regulations can also sometimes increase compliance-related maintenance costsCost-saving strategies I've seen help:- Preventative maintenance programs can help reduce overall costs obviously - Some investors report success with in-house maintenance teams for larger portfolios- Energy-efficient upgrades can help reduce utility costs in the long runYour specific costs will depend on factors like the age and condition of your properties, your management style, and the specific neighborhoods you're invested in, but hope this helps!
Chris Seveney
This Blows My Mind For Those Acting A A Lender
12 July 2024 | 40 replies
They only have a simple promissory note that they likely now have to file a lawsuit to win a judgement, with again no promise of repayment.
Sartaj G.
Paying down 1 or 2 morgages faster with extra payments
11 July 2024 | 22 replies
If you have a lot of equity that is an asset that can be taken to pay a judgement.
Vincent Gamboa
Can you wholesale a deal won at the auction?
10 July 2024 | 35 replies
@Ruth Bayang Best us is in pdx along with rain
Michael Hague
Tenant moved out- owes rent / oil bill & left garage everywhere!
9 July 2024 | 21 replies
If it is the tenant, then you may not need to pay the bill as it wasn't in your name.After that, you can try small claims court, but even if you get a judgement, you are unlikely to ever see the money.
Jingru Sui
How to transfer title for my rental property from me to my LLC?
8 July 2024 | 27 replies
It's precisely the lottery size judgements that either exceed you insurance or are dodged by your carrier that make it a good plan to have another layer of protection of a limited liability entity.
Steve Sayler
Fired Prop Mgr, now getting charged with "Cancelation fees" - Is there a solution?
8 July 2024 | 17 replies
So, if they want to go to court, they may well be coming out of pocket for not only the court costs but a judgement in YOUR favor.
Mackenzie Lopez
DJ Thielen needs to be stopped
7 July 2024 | 11 replies
When he went to draft up the contract he made it a Confessions of Judgement contravr in which I waive all my rights and if any of my "associates or friends" talked about him I'd have to pay half a million per offense, and he could easily claim a violation happened that never did to collect half a million dollars and I wouldn't be able to do anything about it.He consistently threatened me with legal action into trying to get me to accept that crazy contract.