Mindy Jensen
How many pages is your lease?
18 November 2023 | 42 replies
Turnover is low and our properties rent up quickly, even with our extensive screening process and lengthy rental agreement.
Karl Huth
Screening questions for previous landlords
18 July 2016 | 17 replies
Let me preface this lengthy post (I'm new here, is there a limit on length :-) by saying I am not desperate to find tenants.
Jared Lomker
Becoming a developer
12 January 2020 | 14 replies
All told this is a lengthy process and going through a college course on it would help you a lot.
Michael Seutin
Anybody bought with Urban Detroit Wholesalers?
14 July 2013 | 72 replies
Don't quote me, but im almost sure that during their first round auction every sept. you pay overdue taxes and get house back, whatever isn't sold in sept goes up for auction in oct starting at $500 and highest bidder wins and wipes out all tax liens, i'm not 100% on private liens, but i believe it wipes out mortgages (please due your own diligience. i hate giving bad info) Don't let the low auction prices deter you from trying to save your homes.
Anandakumar Elumalai
My first (bad) investment experience with Roofstock
28 March 2021 | 20 replies
We have sold a couple properties with them and everything went well besides it was a lengthy onboarding process to get it listed.
Craig Herring
Tax benefits of Land contract/Seller Financing
27 April 2020 | 3 replies
I never had a "Tenant-Buyer", "take me to Court", contesting the "Rent-to-Own" Agreement.Over the years, on average, two out of every ten of my "Tenant-Buyers", do indeed default, ...and simply "walk away".A number "Tenant-Buyers", do an early payoff (which I allow) in less than a year (instead of 24 months), so this deal would then become an IRS "short-term capital gain or loss", reported for that tax year when paid-off (as, no longer an IRS "long term capital gain or loss").My "owner-financing" technique ("Rent-to-Own" or "Lease-to-Own"), is very simple for my "Tenant-Buyers" to understand, and "Rent-to-Own" has avoided "foreclosure costs and lengthy headaches" for me, as like I mentioned, an average of 2 in 10 of my "Tenant-Buyers" wind-up defaulting.My advice to all of you is to keep detailed, accurate records of your costs and expenses of every deal.
Jason Chung
Is Seattle really that bad for landlords?
3 October 2021 | 22 replies
Statement to this effect must be included on rental application.Seattle city council has passed legislation that will extend eviction bans for 6 months after the end of the Mayor’s emergency ordersNo rent increases or notices to increase rent through 6/30/21 (retroactive to 2/29/2020).Do not give notice of rent increase or offer renewal with rent increase, even if actual increase is set to take place after 6/30/21.A landlord, property owner or property manager of manufactured housing may now provide a notice of rent increase to a tenant if the rent increase was included as terms of the lease agreement and the notice clearly states that the rent increase will not take place until after the moratorium expires.No enforcement of rent payment if tenant was unable to occupy premises due to COVID-19 related circumstances.No charging of late fees through 6/30/21 effective retroactively to February 29, 2020, for rent not paid during the ban.Seattle: No late fees or interest.Auburn: No late fees or other charges.No collection of debt incurred after 2/29/2020 without offer of reasonable payment plan, including use of security deposit until after 6/30/21.Seattle: Must offer uniform payment plans: ≤1 month overdue = 3 installments; 2 months overdue = 5 installments; > 2 months overdue = 6 installments; or other mutually agreed plan.Auburn: Payment plan must be proven reasonable based on tenant's financial situation.
Alex Silang
Should I buy now or wait a couple of years?
14 September 2021 | 14 replies
@Alex SilangFor those stating: “we have to have a correction soon” or “we’re overdue for a correction” I would ask: Why?
Mel Mal
Purchase and Sale Agreements
8 November 2022 | 4 replies
Most realtors are just used to using their standard, lengthy association forms.
John Slater
Pre-Foreclosures are increasing, any trends in your area?
13 December 2022 | 6 replies
Also foreclosure timelines are lengthy process.Also look up fractional bank reserves or lending.