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19 March 2015 | 7 replies
I'm looking at purchasing and renting a property to a not-for-profit agency that works with chronically homeless and mentally disabled people.
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7 December 2015 | 10 replies
Chris L. in so many words, he said it's best to just start marketing to the PR when the case opens, because you never know when the probate proceedings are going to give them the go-ahead to start liquidating the assets.He said that the point where PR's get the go-ahead to liquidate the assets in an estate varies from case-to-case, so trying to time when the right time is to start marketing to a PR is extremely hard to do.I think some counties around here will tell you when the "next event" will be, but I don't feel like going that far in-depth with the analysis.I also learned that regardless of whether or not there's a will involved, the probate court needs to give them the go-ahead for to liquidate before the person that inherits the property from the will receives it, so reading the will (if there's one in the file) is kind of a moot point.In ConclusionThe only thing I'm going to change/add to my routine from my conversation with the lawyer earlier, is to continuously pull the files of estates we've already marketed to in the past that are still "open" to see if they've been updated with an inventory...If they have been, we'll read the inventory to see if there's a property in the estate; if there is, we'll continue marketing to the PR...If not, we'll remove them from the list, and use this routine to keep our list as "clean" as possible.
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29 October 2013 | 11 replies
I just received the lease back from him yesterday, so I'm going to call today and tell him he has to let us in or we aren't signing the lease and we will start the eviction process.He's an older guy and supposedly disabled.
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21 March 2014 | 27 replies
The woman is disabled and lived with family for most of her life.I will keep checking and most likely visit the property this weekend.
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13 May 2015 | 19 replies
I bought it for $35,000, put $21,000 into it, put it on a 4 year lease at $825/month.With my monthly proforma budget, I calculate cash flow to be $174/month.With my actuals, considering I have not had a repair expense in 14 months, it is just insurance, taxes and debt service for a cashflow somewhere over $400.Add in the fact that the tenants routinely pay late, generating an additional $35/month in late fee revenue.That's what I was referring to in terms of actuals vs proforma.
21 April 2013 | 9 replies
Dealing with late payments, "overlocking" units, and auctioning them off is a routine part of the manager's business.
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12 March 2013 | 12 replies
Social Security, Child Support, and most disability payments cannot be garnished.
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2 September 2017 | 18 replies
There is a small child and an older disabled man living there.
4 May 2020 | 53 replies
I am a disabled vet and want to buy the program but have to wait till next month to afford it from my disability check.
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6 August 2017 | 10 replies
The person selected is 50 years old and on disability.