Hi All,

What an awesome resource I've found in BP! I've been excited about and obsessively following my local real estate market for years, but only recently started to find the educational resources that will allo...

no wonder they're jacking up their fees left & right for consumers.it also depends on if the state is judicial or not. we're in a judicial & a wave is about to hit any month now.

I would like to formally introduce myself...my name is Kathy and I'm a RE agent in NY and own rentals in Phx.I have a confession....

You will need to establish some rules of thumb for the condition of the property, and the get formal bids during your inspection period.

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"Agree for most people, but the 0% deals for 9-14 months can be used judiciously IF you are obsessive about staying within terms, you have cash/credit cushions eleswhere, and you can pay them off "now" if needed.

Whenever a tenant indicates to me that they intend to move out, I give them a document that they can sign that makes it a formal notice, from them to me, that they will be vacating and on which date.Then at the time they turn the unit over, I have them sign another document that I created called "Return of Possession" that makes it extra clear that they have vacated intentionally, not abandoned. 

Presumably they are leasing from you rather then an 'office' building to pay a bit less and perhaps present a less formal environment.One item that is often different between residential vs. commercial is if the landlord is willing to re-configure the space to the tenants needs.

I assume there should be some formal agreement to protect me and ensure I get paid.

We usually arrive early enough to have supper and network, then the meeting starts and usually includes an update on current investments as well as a formal topic of learning.