J Frank Cole
Fire Suppression/Sprinkler Installation
2 December 2015 | 1 reply
As a matter of course, we have to bring the building up to code which includes ADA compliance (grab bars and roll in showers) and fire suppression/detection (fire sprinklers, alarms and lights, etc.).
Manuel Savorelli
Outdoor Outlets
20 January 2016 | 5 replies
Hey board,I have a tenant in my HOA condo that wants to put up Christmas lights on their porch but the outdoor outlets aren't working.
Vicki K.
Going to court without a property condition report
4 December 2015 | 10 replies
If you moved them in knowing they had pets (which would be disclosed on their rental application) and you accepted them anyhow, then I suspect you won't get credit for the 2 year difference in life expectancy of the carpet.We have tenants sign a separate form acknowledging they have received: a signed lease, 2 keys, lead based paint disclosure, Copy of "Protect your family from lead in your house" brochure, and 2 inventory checklists (to be returned within 7 days but usually filled out upon move-in).I would send a refusal letter and require them to take you to court, especially if you are able to demonstrate you were light on your: cleaning charges, repainting expenses, door and cabinet repair, duct cleaning due to pet hair, etc.Don't be too upset if you lose your carpet argument.
Sean Kollee
Staging - how much do you feel is appropriate to pay?
3 December 2015 | 8 replies
It makes sense to show the show suite in the best possible light to impress the buyers, thus staging is essential, now more than ever.
Logan Allec
Tenant just asked if I'd be interested in rent to own.
8 December 2015 | 28 replies
With the seller financing and option you should tread carefully in light of Dodd Frank compliance and will likely need to have a licensed mortgage broker and/or lawyer to help underwrite, document, contract, etc.
David Peterson
Assignment Contract Dead in TEXAS? (Under New Law T.R.I.D)???
4 December 2015 | 3 replies
Here is a wholesaler asking lawyers what's cooking...http://www.avvo.com/legal-answers/does-real-estate...Here's the law, light reading to cure insomnia....http://files.consumerfinance.gov/f/201503_cfpb_reg...New settlement requirements will have a one to three day review requirement between each settlement, can't close back to back as we use to, build the holding costs in and ensure your seller knows what is going on.
Ana Marie B.
4-Plex in a C- Neighborhood
13 January 2016 | 2 replies
It is near a light rail, which is what's peaking our interest.
Mike Henkel
Step by Step of last 9 units I purchased 25 YearOld w/ 51 Units
18 February 2016 | 15 replies
I rip up the carpet, take off all the light switches, door knobs, prep for painting, prime all the trim/doors/ and anything not already white, and paint the entire unit (about 1,600 square feet each!).
Mike Henkel
9 New Units In Last 6 Months! 25 years old 51 Units and counting
17 January 2016 | 41 replies
I rip up the carpet, take off all the light switches, door knobs, prep for painting, prime all the trim/doors/ and anything not already white, and paint the entire unit (about 1,600 square feet each!).
Triston Murray
First "Investment" 95% Done!
7 December 2015 | 5 replies
Address: 17000 Locust Ave, Hazel Crest IllinoisTotal Purchase: $55,895 (Total amount on HUD-1)Total Rehab: $40,475 (inc'l village permits)Mortgage Balance: $39,267LoC Balance: $51,252Current Out-of-Pocket: ~$7,290Total Owed to Lender: $90,519Total Out-of-Pocket: ~$7,290To be completely honest I wasn't entirely sure what direction to take when first embarking on this project...