I have a question about direct mail to probate properties that I hope someone can help answer: Should you use a specific wording for cases in which the probate administrator or executor appears to live at the property?

Expenses= $18,358 Administrative Expenses= $14,727Total Utlilties= $8,990Taxes/ ins right now= $9,888 but taxes would jump to $7,500 per unit so would increase it to $19,888Media Expenses= $761Total Expenses= $62,723NOI=$89,987-$62,723=$27,264Property worth using cap rate of 10%= $27,264/.10= $272,640 x .2 down= $54,528$218,112 loan at 4% for 25 yr with 5 yr ballon= $1,030/month x12= $12,360Expenses + mortgage= $75,083yrCash Flow= $89,987- $75,083=$14,904/12=$1,242 month

The paperwork and administration gets to be heavy.  

I have a call tomorrow morning with the City Administrator and Economic Development Director.

"Look what I have to deal with todays" and "rants" and mind share dedicated to problems caused by lack of clarity around lease administration go way down when the lease terms are followed and process are clearly communicated and followed.  

Since you are now operating a business you must know the codes that govern your business.By learning the codes you will not need the assistance of this forum as much as you will already have the answers to all your administrative questions regarding tenants.It is your responsibility to know the law.

Hello everyone,My name is Jason and I am a freshman business administration major at Stevenson University.

Saying waterfront is another issue, who is the administrative authority over that waterway?

Your closing agent, escrow or title company's representative will be able to review your seller's documents and tell you if your executor or administrator has power needed to complete your intended transaction.I might mention that pre-probates don't make very good candidates for wholesale deals, IMHO.

That can largely be avoided by planning ahead to keep it separate as possible,  and submeter or mitigate in other ways when not possible;  like apparently these days you can get programmable thermostats with a 'administrator' mode that will allow you to set a maximum temperature in case you end up sharing with a resident who likes to keep the house at 80 degrees with electric baseboard heat.