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5 August 2018 | 37 replies
I look to invest where there is infrastructure to support new job growth/opportunities (possibly private tech corps will grow in Indy) Next Big Challenge for Small Downtowns (7/2017) I don't see a lot of good transportation solutions (muni/light rail) & the roads are horrible, but I was happy to see bicycles and shared bikes (Pacers)/e-scooters(BIRD) in downtown & Lyft/Uber and electric cars to get around but I am hoping Indy will attract more private tech businesses.I am wondering your thoughts about Indy's new criminal justice center and the growing trend of prisons system as a lucrative business; Is this considered a "path to progress" for local property investors or is the new CJC not welcome?
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5 June 2015 | 40 replies
We will seek criminal charges for any vandalism done to the property.
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14 February 2017 | 28 replies
Agree with you completely- there are similar and better returns out there for an out of state investor - without the headache.Don't get me wrong, There are many experienced local players doing very well in Detroit and I have met a lot of them- but I have become convinced that the kind of things that they are doing, cannot be done long distance.Investing in Detroit I experienced things that were totally off the playing field for me- Just two examples of many: a home that was tenanted (by my PM) with what I later discovered to be convicted criminals with federal tax liens on their assets and no ability whatsoever to pay rent, or a different management company that through pure negligence allowed a cash flowing Sec 8 property to go into abatement , thereby losing the tenant and then simply resigning from the job leaving, me to try and clean up the mess and costing me thousands.
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18 February 2020 | 18 replies
If not, boot him because his criminal history does not coincide with MY company policy and procedure which prohibits anyone convicted of a sex crime.If he does have a lease, I would ask my attorney if the negotiations could include the current owners getting him off the premises.
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3 November 2007 | 45 replies
Starting with a full reference, credit, employment and in some cases, criminal check on potential tenants.
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2 August 2021 | 23 replies
I have called other Prop management in the area that we're recommend, One person told me we don't do background checks we only do Criminal Checks, and we don't do Credit checks.
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1 August 2021 | 4 replies
I appreciate what you guys do.I know things change by jurisdiction, but basically when there is a squatter, why is the squatter sometimes removed from the premisis and sometimes determined to be a "legal matter" instead of a criminal matter?
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19 January 2020 | 10 replies
What I learn is if the state finds out about it, I'll be imposed a severe fine, and have the state license to operate revoked, besides criminal prosecution.
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1 October 2017 | 4 replies
For example, proof of income (3X rent for gross income) 560 or better credit score, no evictions in the past 5 years, no criminal background, etc. are all examples of what you can have.
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20 October 2017 | 50 replies
I don't accept tenants below 700.When Steve does his criminal back ground checks, some of his tenants have rap sheets pages long.I have yet to encounter a tenant that had more than a ding on marijuana possession.Steve has to do evictions every single year.It's been about a 15 years since I did my last eviction, but that was from inherited tenants when I bought the building.Steve sometimes has some of his apts totally destroyed.For me, the worst that has happened is that a tenant left the apt in a mess and I have to hire someone to clean up.I think I made my point.The education that's been given to these Investors is that everything will work out just fine as if there isn't a lot of bumps in the rode to owning in "C" and "D" class neighborhoods.A lot of them self-manage and a lot have problems with Property Managers.I had one of my friends, Russell, who hired a PM for his Investment in a "D" neighborhood in PA.