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19 September 2019 | 5 replies
Either way you'll likely need to put in a CC# before proceeding)3) Go to "Business Organizations', then under "Web Filings" choose "Domestic Limited Liability Company (LLC)" (or different, if applicable)4) Filing type -> Certificate of Formation (should be the only one)5) Fill out your info.The cost should be $300.
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13 July 2023 | 4 replies
Upon her departure, I realized that she had violated the lease by having a pet and changing the locks.
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20 May 2020 | 16 replies
Think of all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.
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23 June 2022 | 7 replies
We used to have 70% domestic and 30% international travelers but with the pandemic it became more like 90% domestic and 10% international travelers.
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6 June 2023 | 6 replies
Do you allow pets?
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6 June 2023 | 4 replies
You need to verify SD, rent amount and all terms, current tenant ledger for any past balance due, info on pets, vehicles, parking, yard service, any warranties or service contracts such as for pest control, etc. etc...
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29 June 2023 | 10 replies
Here is what I have so far:At any time before, during, after investment:I or any of my team unexpectedly dies, becomes seriously ill, or injuredAn impassable disagreement occurs between any 2 parties of the investment teamA member of the investment team fails(for any reason) to uphold their agreementBefore purchase:Incorrect property valuationInability to secure financing after earnestDuring Financing and purchase:Loan executor fails to follow through with the loan.Loan executor misleads or baits me with incorrect terms and conditionsSeller withdraws contractSeller tries to renegotiate contractSeller withdraws agreement to carry loanTitle issuesDuring rehabilitation:Cost overrun - If the cost to complete a rehab exceeds the estimated cost budgeted.Time overrun - If the allotted time to complete a rehab is exceededUnforseen issues - if issues arise due to unknown/hidden problems, termite damage, mold, etcProblematic Contractors - Contractors that want to increase the bid midway through the job, fail to pay their employees, don’t show up when scheduled, fail to consistently clean, low or no skill, do poor work, fail to carry proper insurance, do not use agreed upon materials and/or finishes, use the “you can’t see it from my house” methodology, dress and/or act not in accordance with accepted job site standards, live or sleep at the job site, steal materials, supplies, and/or tools, attempt to undermine my relationship with my real estate team including agents, investors, other contractors, clients or potential clients, places lien or sues, dies or is seriously injured during project, experiences major life event that prevents or hinders their ability to continue, contractor or their employee dies or is seriously injured on the property, gets OSHA or other governing body violation(s)Code Violations - Red flagged for failing to obtain proper building and/or work permits prior to beginning project, overgrown vegetation, etcProblems Specific to Rental Properties:Tenant does not pay rent or pays lateTenant does not pay utilities/trash serviceTenant causes damage to propertyTenant does not take care of maintenance and/or cleaning of propertyTenant smokes or has pets when these things are not allowedTenant makes unauthorized changes to the property, ie painting walls, removing landscaping.Tenant allows others to move in without adding them to the leaseTenant misused the property, ie drug lab, melting plastic in the oven, spray paint graffiti on shed, parks in unauthorized zones such as the grassSomeone injures themself while on propertyHouse fire, floods, other natural disasterMajor maintenance issues such as roof replacement, appliance malfunction, plumbing leak, etcTenant violates city code, ie noise ordinances, trash and debris in yard, etcUnavoidable costs such as normal wear and tear include failing appliances, scratched/scuffed wood floors, dirty paint, worn carpet, etc.After rehab:Property does not appraise and/or sell/rent for expected ARVInterest rates go higher than expectedProperty tax increaseStricter laws are put in place that prevent finance/refinanceThis is all that I could come up with.
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29 November 2018 | 18 replies
Oh and they'd have to start picking up their dog's poop--as stated in the pet agreement, which they haven't been doing.The only real issue for me at this point is, I just don't know if I want to continue to have them as tenants.What are your experiences & advice?
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3 April 2021 | 22 replies
I never charge first and last and do not charge a pet deposit.
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16 June 2021 | 28 replies
I use it to remove odors in a variety of situations like smoke, pets, or even certain food smells.