Donod Sadu
How to Handle Rent Paid Automatically After Notice of Non-Renewal?
15 July 2024 | 4 replies
I served a notice of non-renewal to my tenant with the lease ending in June. The tenant requested an extension to find a new place, so I granted a 15-day extension with a new end date of July 15th. It was clear to bot...
Sriram Hariharan
Possible construction defect. Can the builder be made liable?
15 July 2024 | 3 replies
---Here is the repair note: The air handler was in the opposite direction and the water fell from the condensate pan, which was removed and was placed correctly.
Donod Sadu
How to Handle Rent Paid Automatically After Notice of Non-Renewal?
15 July 2024 | 3 replies
I served a notice of non-renewal to my tenant with the lease ending in June. The tenant requested an extension to find a new place, so I granted a 15-day extension with a new end date of July 15th. It was clear to bot...
Aaron Henes
$6,000 out of pocket with Norada
12 July 2024 | 48 replies
(I'm very interested in Kansas) .Am I able to fly out and see the operation and city, talk with the personel about how they handle rent, tenant placement, maintenance issues and other various property management task?
Huiping S.
American Standard AC quality.
13 June 2024 | 6 replies
Last weekend it stopped to work again but heard loud sounds in the air handler.
Alex Zweydoff
Why Landlords and Investors Should Use a NARPM Member Property Manager
13 June 2024 | 9 replies
They undergo regular training and stay updated with industry trends, laws, and best practices, ensuring high-quality service.Access to ResourcesNARPM provides its members with educational programs, legal updates, and networking opportunities, enabling property managers to handle any situation effectively and offer informed advice.Efficient Tenant ManagementNARPM property managers excel in tenant relations, from screening and lease agreements to conflict resolution and evictions, ensuring stable rental income and minimized vacancies.Legal ComplianceNARPM property managers are knowledgeable about landlord-tenant laws and regulations, ensuring compliance and protecting you from legal issues.Maintenance and RepairsNARPM managers have reliable contractor relationships, ensuring timely and cost-effective maintenance and repairs, along with regular property inspections.Time and Stress ManagementBy hiring a NARPM member, you delegate daily management tasks to a professional, saving time and reducing stress.Financial ManagementNARPM property managers handle rent collection, accounting, and financial reporting, providing detailed and accurate financial statements for informed decision-making.Marketing and Leasing ExpertiseNARPM managers use proven marketing techniques and platforms to attract and retain tenants, ensuring quick rentals at optimal rates.ConclusionChoosing a property manager is crucial for any landlord.
Jake Handler
Loan Assumption Transaction
11 June 2024 | 1 reply
Quote from @Jake Handler: Looking to speak with someone who has personally been involved with a deal where the buyer assumed the loan.
T. Alan Ceshker
Wraps and due on sale clause
15 June 2024 | 87 replies
And thanks for reminding me to back fill some detail.Some things off the dome - disclaimer - there may be more:- we review the file for disparate loan amounts (ie underlying lien cannot be more than new)- we assist with getting insurance in place- I stay involved in all my wraps post closing - if needed- we have auto releases in our deed of trust to avoid needing seller when all are paid off- we provide POAs to handle return of escrows and insurance claim proceeds- we advise how to handle re 1098 tax notices- we actually step in if there is overreaching or errors in structure/contracting- we encourage 3rd party loan servicing companies be used- we require the wrapped note to be obtained and reviewed before closing- we encourage an RMLO be used to vet end buyers- we advise of all required state and federal disclosures be usedThat is all I have off the cuff -- but very much looking forward to hearing from others on their risk avoidance measures
Dustin Swanson
Advice for Business/Checking Accounts for Rental Property
31 May 2024 | 3 replies
I am not sure how you plan to handle rent collections but if you think there may be times that a tenant will need to pay via some non online option then having a bank in the area of the property can be good.
Quincy Jones
Can’t seem to find financing as new investor.
28 May 2024 | 28 replies
Quote from @Jake Handler: Quote from @Matthew Paul: If it were easy .............everybody would be doing it .