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12 November 2021 | 23 replies
As a landlord, REI investor and having 30 years experience in Law Enforcement as a Police/Fire Dispatcher, you cannot simply tow a car off the street, in fact the towing companies will refuse to do it you're not the owner of the vehicle.
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11 November 2021 | 1 reply
Lessons learned?
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12 November 2021 | 7 replies
When I asked Saunya to go take a look at the house again to see if MW had performed some repairs I demanded that he do before I pay any additional payment, she found out that the tenant had already moved in.I found late that (I'll include these in point form to try to keep this from being a 100-page read):-tenant had moved in by the time MW told me about this potential tenant-tenant had paid a $2,000 security deposit and close to 2.5 months rent all of which MW pocketed as his claim that I still owed him money (I refused to pay him anything until all the deficiencies were completed)-I still don't recall signing a property management agreement with MW so somehow he just rented out my house without my acknowledgement and of course pocketed the rent money and the security depositI don't know why it took me so long but by the end of October, depending on who you talk to, I either fired MW (even though we didn't have an agreement) or MW fired me as an owner.
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25 November 2021 | 9 replies
It will be interesting.As I mention, good lesson as an investor why you should have title insurance on your note
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14 November 2021 | 40 replies
not to mention the fire risk.
13 November 2021 | 3 replies
Either way, it was a valuable lesson to learn.
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15 November 2021 | 8 replies
We financed an apartment complex and of course we’re named as loss payee on the fire and hazard insurance.
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23 January 2022 | 17 replies
Already some great feedback here.These lessons are the ones you do not forget and therefore the most powerful, even if they sting.