19 August 2021 | 4 replies
Those large issues being the following:The basement that is mostly underground is unfinished and the house sits on the side of a hill, so when it rains, the water builds up around a few areas and eventually over time will penetrate the concrete blocks in the basement causing mold to grow on the wall and make the Drylok start to peel in the areas that have the moisture issue.

30 August 2021 | 25 replies
Solution for now and in the future - Line up your buyer first (it helps your cause when your buyer has cash) and create a new entity.

31 August 2021 | 7 replies
INDEMNIFICATION: The Owner shall indemnify and hold harmless Property Managemer from and against claims, demands, losses, costs, damages, actions, suits, or proceedings (hereinafter called "claims"), by third parties that arise out of, or are attributable to, the Property Manager's performance of the agreement provided such claims are:1. attributable to bodily injury, sickness, disease, or death, or to injury to or destruction oftangible property, and;2. caused by negligent acts or omissions of the Property Manager or anyone for whose acts the Property Manager may be liable.

31 August 2021 | 11 replies
Free yourself, like a gazelle from the hand of the hunter, like a bird from the snare of the fowler.Proverbs 11:15: Whoever puts up security for a stranger will surely suffer harm, but he who hates striking hands in pledge is secure.Proverbs 17:18: One who lacks sense gives a pledge and puts up security in the presence of his neighbor.Proverbs 22:26: Be not one of those who give pledges, who put up security for debts.These say 1) don't risk too much with loans requiring collateral and 2) don't get a loan with a sketchy dude because you're going to get caught holding the bag.Romans 13:8, too: Owe no one anything, except to love each other, for the one who loves another has fulfilled the law.This warns against debt that incurs an outstanding obligation.

26 August 2021 | 3 replies
The combination of increased risk and increased property value have and will cause rents to rise significantly.

26 August 2021 | 3 replies
In the process of maneuvering the truck in a pretty tight spot, the movers caused some relatively minor damage to the neighboring property that I do not own.The owner of the damaged property does not live on-site and is not yet aware of the recent damage, though I have historically kept an eye out for their building and given them a heads up if anything seems amiss and warranting their attention.When I became aware of the damage, I texted my tenant to inquire about his plan for addressing and making adequate repairs, though he has not responded and seems to be ignoring the issue.

27 August 2021 | 3 replies
Upon inspection of the outside of the house, the yard seems to be sloping toward the house pretty much all around, which I believe is causing the mold.What do you think?

26 August 2021 | 1 reply
I have a house I am selling and the tenant is claiming they have COVID. The AMC for the buyer's lender is requiring the appraiser to get inside to do the appraisal with no consideration or contingency for a situation ...

27 August 2021 | 3 replies
Make sure your QI will walk beside you cause the maze of the regs is not a well marked path!

10 September 2021 | 3 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.