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4 January 2025 | 12 replies
@Nitesh Chand Does your lease agreement with these tenants include verbiage for if you sell?
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6 January 2025 | 38 replies
I would speak to lawyer and let them review the agreement maybe can do a class action and sue personally the managers if fraud.
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2 January 2025 | 4 replies
My GUESS is these homeowners have been tricked/screwed in to signing a long term power purchase agreement, often with no buy out provision.
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4 January 2025 | 3 replies
Hello @Yvonne Wang,The scope of work should include the following:- Basic info: Property address, client name, contractor's contact info, address, license#'s, signed general/operating agreement b/w contractor and client- Specification of repairs: Repair item, Quantity of items needed, total & per unit cost of items, taxes (if applicable), Completion hours, title of the person responsible for the repair item, written summary describing the work- Add'l info: Schedule of repairs, additional payment schedule details i.e. disbursement schedule, method of disbursement, deposits, holdback amounts, etc.The screenshot below highlights a couple of repair items.
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7 January 2025 | 11 replies
@Anthony MillerYour property management experience is a major advantage as you start investing, giving you a head start with tenant screening, lease agreements, and maintenance coordination.
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1 January 2025 | 12 replies
As long as the money went from you to the title company it should be under your name and still belong to YOU until there is an agreement to release it. 2.
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3 January 2025 | 8 replies
Something that my team and I did last year that really helped maximize our time was re-do our management agreement to set expectations.
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9 January 2025 | 17 replies
This kind of thing happens and now would be a good time to negotiate and add to your agreement how it will be handled in future.
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6 January 2025 | 6 replies
I do not have any lease break clause or lease break fees explicitly written in my agreement.
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13 February 2025 | 95 replies
Finally… do not assume that “Your” real estate agent is working for your best interest… unless… BOTH of the following are satisfied… 1) the agent Signs a “Buyers Agent” contract where it is stated that YOUR interests comes firstAND… 2) the agent / your buyers agent has no affiliation with any other party nor has any financial interest in this transaction other than as stated in the docs… and has no association with any party in the transaction… other than as stated in the disc… you explain up front that any all buying agreements are not binding until after you have AT LEAST a Preliminary Good Faith Estimate/ HUD1/ enhanced financial disclosure… and that ALL parties/ entities and all fees are clearly disclosed.