Make your offer a little lower because of it.

A lot of the apartments near colleges that offer room by room rentals only offer a yearly rental.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

They deliver an envelope that has a notice we own the property, instructions on how to pay rent, how to request repairs and two lease offers. 

To the degree, one is realistic, the probability of finding a replacement property increase.Say you want to sell a fourplex to trade into and buy via 1031 a 20 unit apartment building.And the market cap rate is 6% but you want to buy something that offers a 6.5% cap rate, you probably won’t be able to find it.

I would contact them and find out what's going on and see if they can offer any assistance.

Banks are required to offer you all options that are possible and in your case, it's a short sale.

Our tenants were extremely happy that we required it when a plumbing fixture failed and flooded the house (this is extremely rare, so don’t let it deter you.) 

Can anyone who has done this offer any tips and tricks?

Just recently a client made an offer on a new million dollar listing within 24 hours of it coming to market and there was a cash offer that was accepted at a lower price point the same day.