Account Closed
How does money laundering work in a real estate investment firm?
10 August 2015 | 38 replies
I imagine those that deal in prostitution, stolen merchandise, fake merchandise and illegal gambling may also launder their money.
Account Closed
What would you name a chain of hotels?
10 August 2015 | 6 replies
Originally posted by @Bob Bowling:Inn & Out That sounds like a prostitute hotel.
Sandeep Tyagi
My First mobile home park - Need Guidance
9 February 2022 | 9 replies
City road ends at park entrance.Considering the land price, infrastructure setup cost each lot cost was coming around $7300 which was very attractive even though most of the houses on them were old and needed good repairs.All other lots except the 59 were in considerable good condition and our due diligence showed that whole park value is going down due to these 59 lots mismanagement for 40 years.As per owner rent collections were around $7200 per month and most of the tenants were very long term (average rent $400 per home) which he receives in cash so bank rolls available to validate.As per our estimate, each house needed 7k to 8k repair to make it livable.Negatives:These homes/lots were owned by same owner for 40 years and he neglected everything which includes tenant quality, infrastructure (such as overgrown trees, bad homes still in the park which should have been removed years back, 3ft- 4ft potholes on the road since its privately owned).Most of the tenants were convicted or had some big felony, these houses were famous for drugs cartels in whole city.After buying we realized things were way worse than what we assumed in due diligence:People staying there actually were involved in gang wars, prostitution, drugs etc.
Patrick Chiles
Are you willing to help the homeless?
9 April 2022 | 84 replies
Before the moral revolutions of the late 1800's/early 1900's, virtually every city had a "red-light district" where all the undesirable stuff went - gambling, prostitution, homelessness, etc.
Ryan Knutson
Owner Occupied with existing tenant
1 September 2021 | 7 replies
The tenant allows a violation of MN Stat. 504B.171 Subdivision 1 (allowing controlled substances, prostitution, unlawful use/possession of firearm, stolen property on the premises).The tenant has materially violated the lease, other than nonpayment of rent.
Liam Martin Ruane
All my applicants want to sublease through AirBnB etc
10 September 2021 | 36 replies
Your tenant will never have renter's insurance, which I always require.Air BNB has become something of a problem in a lot of places, due to the constant use of the homes for parties and doing drugs and prostitutes and all sorts of other things you might also do at a hotel, except they are usually located in a quiet neighborhood causing all sorts of issues with the neighbors.
Paul Sandhu
What is the biggest mistake you've seen other people make w/ STR?
9 September 2021 | 10 replies
Addicts and prostitutes would be walking the streets after it got dark.4.
Sam Abe
seeking help to evict VERY bad tenants on behalf of neighbors
14 September 2021 | 1 reply
I have some very bad tenants who are not only not paying rent but they are bringing all kinds of trouble to a very nice residential street.. subleasing my house where my lease clearly states no subleasing of any sort - They already acknowledged while I was away for a year due to Covid they had brought in another person who is not on the lease and I never approved off to live there permanently..They are bringing in prostitution!
Jimmy Jefferson
Let tenant pay for a full year at once?
3 January 2022 | 24 replies
I don't see where it changes the lease or rental agreement in regards to your ability to evict the tenant in case he turns your rental unit into a petting zoo or prostitution business.
Justin B.
Cincinnati landlords cant ask for security deposits anymore!
4 February 2020 | 47 replies
All that just three years after the admitted to soliciting a prostitute the first time he served in office.