Vu Truong
Losing deposit when canceling escrow
1 August 2022 | 12 replies
That wouldn’t necessarily prevent the seller from going under contract/escrow with another buyer….since there is no longer any contractual obligations to sell to you, the release of the EM is a separate issue.
Bei He
Garage Door Repair / Replacement for Gilbert AZ rental
14 September 2022 | 6 replies
I don't see anything unusual about that door that would prevent them from repairing it.
Calvin Schmeling
On Market Deal, Buyer Backs Out
5 August 2022 | 5 replies
Also, sounds like the seller's forgot to disclose a 3 year lease, which really prevents anyone from using the property for their own purposes, so that's pretty material.
John Dawson
Any suggestions on how best to secure air condenser units?
1 August 2022 | 8 replies
Any suggestions on how this might be prevented or deterred?
Noah Jacobson
Creating a Rental Policy/Procedures Binder
1 August 2022 | 3 replies
-Preventative maintenance plan-scripts...
Annchen Knodt
Second-hand smoke from condo below
1 August 2022 | 16 replies
I have now written a letter to the smoking neighbor (who is the owner of the below unit, not a tenant) and forwarded the tenant’s letter to the HOA, pointing out the clause in the bylaws preventing any "noxious or offensive trade or activity" (there doesn't seem to be anything specific to smoking, but I think this clearly covers it).
Jeyo Punnakottil
Grass dried up bcoz tenants didnot water
8 August 2022 | 15 replies
Before levying any kind of penalty on the tenant, you'll want to know if Houston (assuming that's where the property is located) has implemented any type of watering restrictions that has prevented the tenant from watering the lawn.For example, in San Antonio we've been under Stage 2 water restrictions since April, which limits residents to watering their lawn only once per week using an irrigation system/sprinklers, and only at specified hours on that one day per week.There's even some discussion about San Antonio possibly moving to Stage 3 water restrictions, which limits watering even further to once every 14 days.
Kevin Manafi
Flipping in a Flood Zone (New Jersey)
2 August 2022 | 3 replies
If you must flip in a flood zone here are some things you should do/know1) Find out where in the flood zone the property is located and the last time it flooded2) Ask the seller for the elevation certificate and see in any preventative work has been done to stop flooding or reduce the insurance rate 3) Review your ARV number, make sure its extremely conservative as the flood zone will probably result in a lower than average price (also make sure the comps you run are in the same flood zone if possible)4) If you take on the flip make sure you provide extra info about the status of the flood insurance and provide written flood insurance quotes for potential buyers5) Water proof the home if it makes sense to6) Host open houses often, don't trust agents to break down flood insurance and the risks associated to potential buyers, it won't happen.Those few steps should help, know your numbers and if they don't make sense don't be afraid to pass on this one, remember no deal is better than a bad deal.
Brennan McGee
New Orleans Airbnb application process
9 August 2022 | 5 replies
Also, how did you all go about structuring your "nuisance prevention plan" and "neighborhood response plan"?
Brandon Gamblin
Thoughts on investing out of state?
17 August 2022 | 46 replies
And I keep my properties in good shape (and get them into good shape when I buy them) to ideally prevent issues before they happen.