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29 September 2015 | 24 replies
To @Dana Whicker's point, yes, I am having the flat section of a roof replaced as it is causing problems.The roofer is at the job site right now and has already begun pulling off the old roofs, and I unfortunately am not there to see it as I got called into work.
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29 September 2015 | 2 replies
Anything that constitutes a major inconvenience to the tenant, such that a reasonable court would find one negligent for not addressing quickly, constitutes an urgent maintenance need.Example of the former: leaking water, gas, exposed live electrical wires, smoking in electrical panel, dangerous leaning tree, etc.Example of the latter: poor heat performance of heating system; clogged gutters overflowing causing basement dampness; etc.
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11 September 2016 | 15 replies
Sure the optionee can damage the property, but anyone in the property can do that.
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11 November 2015 | 15 replies
Hi Max,It has been my personal experience- tenants are often horrified by the heating bills caused by electric heaters, and I've also heard the same from various property managers.
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10 October 2015 | 1 reply
The engineering company recommended "subsurface soils be improved to minimize further subsidence damage.
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2 October 2015 | 2 replies
The new owner should get all those for when the tenant leaves, you will have sufficient coverage for any damages and what not.
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30 June 2018 | 17 replies
In addition, we occasionally get individuals that “know someone” that’s done business with us and because of the unique approach new investors can get confused on the process we follow.So here’s a breakdown of questions and concerns that frequently come up. 1.First and foremost, if you are a customer and you’ve had an experience that’s caused you any frustration we’d invite you to contact us directly and give us an opportunity to resolve your concerns. 2.Most Hard Money Lenders require 10-20% Down, decent credit and some experience.
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3 October 2015 | 15 replies
I'm not a fan of vinyl cause it look cheap and I think if the place looks cheap then it attracts cheap tenants.
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3 October 2015 | 8 replies
Even if my flip does not go well, that 180 a month is not going to cause me to default and i will have 10 years to pay it off before it switches into a fixed P & I loan (it helps that the HELOC in on an investment property and tenants pay the HELOC for me).
19 October 2015 | 47 replies
Negative cashflows on rentals in Los Angeles is very common which by itself is sufficient cause to drive income driven investors elsewhere.