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8 November 2016 | 17 replies
Since she would basically be 'gifting' the 48k to you, she may also be on the hook for gift tax (disclaimer - not an accountant so I have no clue, just putting it out there) which then creates a paper trail and gives her a stronger case that she has an interest in the property.
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13 September 2017 | 19 replies
this issue as you can see has to do with a garage in the back of the property but the property clearly fronts a public right of way and that is all title insurance is going to cover.out our way you would get a preliminary title report and your map in said report you get that a few days after you open escrow its incumbent on you the buyer and your real estate agent to read the report and look at the map and then if there is a question you address it during your due diligence period.this one would easily have been caught if someone had just looked at the map when they bought it.. you would have a big red arrow pointing to your lot.. you would see your lot lines you would see the driveway behind you was not your property you would also see its not public right of way but a piece of private ground.. then as a broker or the buyer you would question that.. and if needed then order a survey or talk to the land owner.I have a big landlock case going right now were Chicago title missed that my property was land locked.. its a 500 to 750k property.. that if I can't get access to the public right away they are going to have to stroke me a check.if it is landlocked then in the preliminary title report you get and out here they make you approve.. there would be an exception that your parcel does not appear to have access to a public right a way and that then starts another process.even though my property is 3 lots that had 3 homes on them and had been using the same driveway to access the state highway since 1945. but the state of Oregon owns a strip of land between my property and the highway that is slated for a pedestrian trail.. even though this property is in the boonies 25 miles out of town.. the trail goes for about 40 miles.the state is not obligated to give us any kind of prescriptive right and they declined.. so the only way to get on the property is through a neighbor and of course once the neighbor knows they have you by the you know what.. they want a bunch of money.. so its up to the title company to figure it out .. buy my easement or pay me off.If there was an exception in the title policy I would be sitting there like this lady...
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18 September 2017 | 18 replies
Andrew Johnson “I use Appfolio out of santa barbara, ca its definitely not free and my property mgmt company passes those costs down to me which I think is around 50-60 bucks a month based on number of units under the service.I am able to see all reports from rent rolls, cash flow statements / trailing 12 month cash flow, tenant ledgers, maintenance requests, dialog between tenants and mgmt staff, resolutions to maintenance requests, move in pictures, move out pictures, or video, and many more features.What I like is that it allows the vendors to be in a dialog/text/chat box so they are prepared (vendor) prior to job assignment with lockbox codes, scope of work and pictures before they even go to the site so we dont waste time figuring things out and run up a huge $$$ bill for lack of efficiency.”
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30 December 2021 | 12 replies
Also, when you get the rent roll/trailing 12 and operating/profit and loss statement, your learn a lot more.
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31 August 2015 | 3 replies
Prepare your paper trail.
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27 September 2022 | 38 replies
I'm out on a one year sabbatical with my wife and two small children, traveling the US in a vintage Airstream visiting national parks and other places.I've thru-hiked the Appalachian Trail and cycled across America, and in the future I'm aiming to one day paddle the length of the Danube River and sail around the Americas.
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19 September 2016 | 3 replies
For instance, monthly rev & expenses for trailing 12 months, and annual financial statements for the last X years?
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15 January 2013 | 15 replies
Went to the grand opening of the Swansboro, NC rec center today...walking distance...in the park with tennis, walking trails, skate park, awesome playground ( to be 8 years old again...sigh).
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13 February 2019 | 9 replies
This group wants travel, eat at good restaurants, drink craft beer, live in walkable neighborhoods, have access to clean parks and bike trails.
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9 February 2016 | 41 replies
The Swamp Rabbit Trail is awesome that runs up into Travelers Rest.