Brian Price
Where do I find a realtor/investor in another state?
6 September 2022 | 12 replies
If you have a reputable realtor and they happen to want the same deal themselves they will just have you work confidentially with their team mate who gets a commision, it rarely happens though.
Peter Morgan
Tenant running AC at 61F outside temperature
10 March 2022 | 23 replies
If they are in your tenant's names, they will be charged appropriately for their behavior.If you're unable to get utilities transferred in the short term, maybe state that your property management standards have put a cap on what they'll pay for utilities or something like that.Good luck!
Matthew Powell
Preparing for multiple investments
1 May 2018 | 10 replies
Can I transfer our current property from my name to an LLC once I create one?
Lindsey Wagner
New to STR and Self Management
31 March 2023 | 26 replies
I don't list until I am confident I know the STR will be ready.
Heather Fugger
Listing agent advised us to wait for house to going into foreclosure to buy...
5 May 2023 | 9 replies
Get a title history and print the transfer deeds, look for the address where mailed.
Chris Virgil-Stone
Help Me Pick a Property Manager- Out of State Investing
21 February 2019 | 3 replies
So the down low on 3 companies I interviewed:Company AOver 400 units2 Property managersLate on the 5th- $50 charge to tenant, 10th- additional $25 charge to tenantNo project management fee1 drive by inspection per month, 1 full inspection every 6 monthsRequires renter’s insurance (single family homes only)Stated high percentage of tenant renewals Manager of the RE branch was a local town justice for many yearsHandles insurance claims2 evictions last year (both in same building- new project) - not tenants they placedSaid they serve fake eviction papers before moving on to full eviction process (to save owners money) Charges ½ 1st mo rent and 10%Red flags-Does not approve prospective tenants with owners (to keep owner from contacting them)Will not show lease (confidentiality)I did view one of the houses they manage, the tenant mentioned they had asked for a leak to be fixed and it had been over 2 weeksDue diligence revealed PM was arrested 3 yrs ago for petite larceny from a grocery store- weird a retired town justice would hire herCompany BManages 40 properties2 Property managersNew company (1 yr old)- all property managers came from another with years of experienceLate on the 5th- $50 charge to tenant, then 3 day pay/quit notice ~5 days later10% project management fee w/ weekly updatesInvestors make up 5-10% of their propertiesIn house maintenance staffOwner can approve tenantsOwner can provide own leaseReiterated how important communication was2 prior evictions1 manager has 2 investment propertiesCharges ½ 1st mo rent and 10%Does not want to rent low end housingRed flags-One of the property managers never responded to first 2 emails, 2nd manager was prompt every responseDoes not want large portfolio of rentals (150+)One of the property managers has boyfriend writing reviews on how great she is, same manager that never responded (looked him up and he has a lengthy arrest record)Does not perform regular inspections unless owner requires (sounds reassuring- sarcasm intended)Admitted no set schedule for inspections but noted “they can do them”Company CMy current agent/his wife would manage- part of a franchised-brokered companyI’ve bought and sold 1 property through him- sold in 6 days in a market with over 365 days of inventory, though the sale drug out 6 months due to the buyer/buyers agentEthics is of utmost importance to him (proven this)Late on the 4th- $25 charge to tenantWill provide project management (taking pictures, lock box for contractors) free of chargeAverage ~ 2 year tenancyWill be providing investor referencesStandard lease- owner can’t changeProvides copy of lease to ownerPrefers owner not to contact tenant but not against policy (want to send out semi-annual survey for their review of management/property)No repairs w/o owner permission (unless emergency)Drive by inspections often2 evictions last year- not tenants they placedAs an agent they are the most geared toward investors in the areaCharges ½ 1st mo rent and 10%Red flags-Current late fee is only $25 (brokered company rules)- they have a meeting next week to discussHave tenant submit background check through online platform- I’ve found tenants to be lazy and would rather you do thisNo annual/semi-annual inspections- said they check smoke detector batteries/change furnace filter once per yr
Account Closed
Attorney told me to ask the lender for permission.
10 September 2019 | 7 replies
Lenders don't give permission for subject to transactions from my understanding and technically they could call the note due when title transfers as most notes have a due on sale clause.
Brian Garlington
Neighbor's tree fell on one of my rentals causing damage.
26 September 2019 | 27 replies
Transfer info (back to 1/1/1975), property tax info (including tax mailing address), building and land info, etc.
Rachel Murray
To Assign or Not to Assign
24 October 2021 | 16 replies
Assignment is a legal term whereby an individual, the “assignor,” transfers rights, property, or other benefits to another known as the “assignee.”
Cory J Thornton
Jumping in the RE Deep end ... need a software recommendation
20 October 2021 | 5 replies
There are no mapping programs to transfer data.