Freezing pipes etc and assess the situation.If they moved out, post a notice and atore their stuff for 30 days.Check local statues of course first.

:NOTE: Important to keep the date of when these items were receivedFINANCIALS (get from Property Management Company or the Seller):Annual Operating Statements (for past 2 years)Monthly Operating StatementsYear to Date Operating StatementRent Roll for the last 2 yearsLast 3 month's Bank Deposits by the sellerBudget ForecastExisting Loan Documents ** ask if will take AssumptionSecurity Deposit Account StatementUtility DepositsRequest Schedule E if questionable financials, certified by accountant.OPERATING INFORMATION **** Must sort by importance:Management ContractCopy of all Lease Types (all leases delivered at closing)Concessionary RentsLease Expiration ReportUtility Bills (for Water, Sewer, Gas, Electric, CATV, Ethernet, Phone) - for past 2 yearsProperty Tax Bills - for past 2 yearsService Contracts (all currently under contract: trash, exterminating pests, maintenance, laundry, pool, elevator)Advertising ContractsPayroll Register (employment contracts)Operating Manuals (phone, computer, fire system, etc.)Insurance: Policy (premium disclosure)Insurance: Claim History (for past 3 years)Insurance: Carrier Risk AssessmentMiscellaneous Agreement (Vending, Pay Phone, etc)Capital Improvements and Maintenance History (for past 3 years)Incomplete Maintenance Requests (for last 3 month's maintenance requests)Yellow Pages Listing ContractCredit Bureau ContractPet PolicyCommission AgreementsRent.com reviewLEGAL AND PHYSICAL INFORMATION:THIRD PARTY INFORMATIONAppraisalDeedTitle PolicyLast Sale Price/DateTax Assessment: Land/BuildingSurvey (Get the original)Architectural PlanSite PlanInventory of Personal PropertyTools/Supplies InventoryBusiness LicenseZoning CertificationBuilding Code Compliance Letter ** Tell bad news fast to your investors; don't hold off on thisCertificate of Occupancy ** Tell bad news fast to your investors; don't hold off on thisRental Ordinances ** Tell bad news fast to your investors; don't hold off on thisLitigation History ** Tell bad news fast to your investors; don't hold off on thisTenant Estoppels (Optional at Closing) ** Tell bad news fast to your investors; don't hold off on thisBuilding PermitsMARKET INFORMATIONMarket Survey (3 - 5 nearest competitors)Existing Competitive Supply SurveysEnvironment Surveys - Phase I/Phase II, if necessaryEngineering ReportFire System Inspection ReportsElevator Maintenance Report (if applicable)Boiler Inspection ReportHVAC Inspection ReportLead Paint - Inspection reports / tenant waivers / historyMold - Inspection reports / tenant waivers / historyFuture Competitive Supply ForecastPictures - Aerial / GroundArea MapApartment AssociationApartment Guide ListingCopies fo All ADvertising, Brochures, Floor PlansDemographic Reports: Housing, Income, Employment (3 radii - 1 mile, 3 miles, 5 miles distance)Traffic Study and/or Road Improvement PlansNeighborhood Survey: Shopping, Schools, EmployersCrime Report

Kurt, you should be able to lower the tax assessments based on your purchase prices.

Tell you what; we'll swap it out for you for $150. and it will come with a one year warranty instead of our standard 90 days.Done; install it tomorrow.They repaired that washer at least a half dozen times over the next year.

I hope you have read the Beginner's Guide and listened to at least a dozen podcasts.

Their time was no more valuable than mine in conducting real estate matters.You'll find that an attorney in RE partnerships may not act in a legal capacity, they may rather have another attorney represent the partners or perform legal reviews or work.Maybe what you were suggesting was to assess each partners value in a partnership and compensate them as agreed. :)

Selling Guide Fannie Mae Single Family Part B, Origination Through Closing Subpart 3, Underwriting Borrowers Chapter 5, Credit Assessment, Traditional Credit History pages 463, 465-466 https://www.fanniemae.com/content/guide/sel011713.pdfThere are what they call "lender overlays" which banks and lenders will tighten up the Fannie/Freddie guidelines to improve their overall performance.

I have a tenant with a rat, and one with a snake, I’d take a dozen of each over one ferret.

And while I don't know about the rest of the metro area, I'm guessing they're buying older stuff than that, just based on the fact that many parts of ATL have older housing stock.The ones in this area are buying all over the metro, including about a dozen counties.

On top of that they left a dozen bags of garbage on the back porch.I took pictures, we both signed the exit inspection report, and I advised them not to expect to see much of their security deposit returned.We then had to call our new tenant, who was due to move-in for June 01 and see if we could push her tenancy back until July ... fortunately she was able to accommodate this ... especially since we are going to refinish all the hardwood floors throughout the apartment.This was an example of where a basic turnover: rekeyed locks; new/touch-up paint; and a thorough scrub turned into a mini-renovation and the loss of a month's rent :(