Benton Pruitt
Lein Release on properties under contract
30 May 2024 | 2 replies
My question is, with everyone taking a loss, the title company has reduced their fees, the RE has reduced their commission, and the seller will walk away with no money, how do I prevent getting to the closing table and someone (Either the bank or the other lien holder) deciding they do not want to remove the lien or take a loss.
Jack Schwartz
A Comprehensive Guide to Homebuying,
29 May 2024 | 0 replies
A Comprehensive Guide to Homebuying, it's essential to be thorough and methodical to ensure you're making an informed decision but draw boundaries, it's okay to open built-in closets and kitchen cabinets to assess the property, However, respect the seller's privacy by not invading their personal space, such as medicine cabinets, storage boxes, or clothing drawers,Interior:Architectural style.Bedroom and bathroom count, size, and location.Closet and storage space.Number of floors.Sightlines and general floorplan.Appliance age and condition.Light switches and socket count.Plumbing and water pressure.Natural light and views.Noise levels.Stairway width and type.Porches and decks.Garage and parking capacity.Proximity to neighboring homes.Remodeling opportunities.Exterior:Roof and siding condition.Landscaping and outdoor maintenance needs.Additional Considerations:Take notes and photos during the tour.Use your five senses to assess the home's condition.Ask your real estate agent questions about the home's features, flaws, and market conditions.Red Flags:Overly scented rooms.Water stains and damage.Lack of maintenance.Foundation issues.Sagging ceiling.Fresh paint that may be covering up issues.Final Tips:Be prepared to make multiple offers before finding the right home at the right price.Stick to your budget when making an offer.Don't overlook potential red flags just because you love a home.
Mohan Deep
Process to collect damage post move out?
30 May 2024 | 10 replies
The more important piece is that it reports the collection action on their credit report, which could prevent them from cheating another Landlord or qualifying for a loan.If you PM me I can share the company I use.
Steve Cook
Property Management - Repair Mark-ups?
31 May 2024 | 44 replies
This does take time to address these issues but if if a PM is taking a cut, he or she should do what they can to prevent unnecessary service calls - isn't that what you are paying them to do?
Ebony M Marshall
Security Deposit Return- PLEASE HELP!!!
27 May 2024 | 8 replies
She speak of having to clean the carpet because there was a juice stain on it.
Marc Shin
STR's with pools?
30 May 2024 | 13 replies
Most people I talk to says it is worth it (including me), but others are selling because it is not worth it to them.For our indoor pools it never fails to get a call every few weeks saying the indoor pool is too cold (84 to 86 degrees) and we have to explain this is the industry standard and prevents mold and mildew inside.
Eric Yu
Should I Replacing Entire Plumbing / Electrical?
29 May 2024 | 8 replies
Sometimes you can tell because of rust staining and buildup on the outside of such affected pipes, but even without that they can be weakened considerably from their original state.On the drain side galvanized branch drains (1.25 through 2" galvanized pipes) can also rust out or clog up as the rust on the inside is very rough and catches hair, grease, and other debris and will eventually need aggressive rootering, which if the pipes have rusted enough may open up holes in them.I should note CAST IRON (hub and bell) old sewer pipe, at least the 3" and 4" stuff seems to have a bit longer lifespan than galvanized steel; it still rusts but doesn't crumble and flake and encourage blockages like steel does, so an old house with a cast 4" sewer stack you may be fine for many decades more if you just replace all the branch lines going into it but leave the main stack.
Zach Knoll
Do You Manage Your Property or Hire a Manager?
29 May 2024 | 20 replies
One more thought… as a professional property manager, we spend thousands of dollars with forensic fraud prevention.
Brett Riemensnider
Offer Accepted on First Rental Property!
28 May 2024 | 15 replies
Renovations often uncover hidden issues, and having extra funds can prevent financial strain.Remodeling Tips:1.