Sacha LaCoss
Contractor not meeting Deadlines
27 April 2020 | 4 replies
The contract says:Completion TimeA: The parties agree that time is of the essence and therefore the work to be performed under this contract shall be commenced on or before the 2nd day of March and shall be substantially completed on or before March 31st.
Serge S.
Paycheck Protection Program (PPP) using PM
5 April 2020 | 5 replies
I hope someone finds a loophole here--I still have two properties that have a 3rd party PM.
Kenneth Irvan
Loan escrow questions
4 April 2020 | 2 replies
Unless it is stipulated in the sale agreement that a third party will be doing the repairs, you should be able to complete the repairs yourself.
Fedor Volkov
Got a lease agent, but I got the lead earlier - what's next?
9 April 2020 | 4 replies
The interesting part is that the lead I got from Zillow actually showed up (I did the tour as it was the day I was signing with the leasing agent), they liked the apartment and decided to apply (the agent did the application process and the background check), with all the checks it looks like we are honoring the lease to these folks.
Account Closed
Unit for rent...but tenant won't allow access because of covid19
6 April 2020 | 12 replies
I appreciate her not wanting people trooping through but if you could market it that might help provided interested parties ready to see on vacancy.
Michael Fitts
How I Bought My First House
14 April 2020 | 28 replies
I think it went pretty smoothly since I wasn’t in a rush to close and I had done my homework before buying so I understood the process for the most part. I
Jonathan K.
How to decided if you or the tenant is paying for utilities?
3 April 2020 | 6 replies
There are multiple ways to charge the different utilities; Hire a 3rd party and let them employ RUBS, meter it yourself, use a square footage calculation per unit or other system.
Jasraj Singh
Would it cost me less to buy, renovate and sell then a turnkey?
29 April 2020 | 82 replies
And my favorite part is that my bank lets me take out 80% loan to value and so I actually pull out more cash that I ever had into the deal and buy another.
Jonathan Lane
Getting out of deals
18 April 2020 | 11 replies
These 2 financial triggers help make contingencies fair for all parties in the transaction.While the due diligence period is non-refundable, except in the event a seller breaches the contract, the due diligence fee is typically credited to the buyer at closing.
Nathan Gesner
Are you putting it in writing?
5 April 2020 | 6 replies
If you are waiving late fees or putting a hold on evictions, put a deadline on it (e.g. we are waiving late fees and evictions for the month of April 2020).Your agreements don't have to be fancy or drawn up by an attorney as long as they are clear and signed by all parties.