My mother received a Notice of Trustee’s Sale from the HOA association for arrears and expenses in excess of $10,000 and it is scheduled for auction in a couple of weeks.

Our fire marshall spoke at our local rental association meeting and shared a piece of wisdom that I now share with our tenants....

Hi everyoneThere are a couple of trade associations for property managers and one that focuses on single family residential.

If title to all or part of the Property is unmarketable, as determined by Ohio law with reference to the Ohio State Bar Association’s Standards of Title Examination, or is subject to liens, encumbrances, easements, conditions, restrictions or encroachments other than those excepted by this Contract, Buyer shall have the right to object to such conditions within twenty (20) days of Buyer’s receipt of the Title Commitment.

The costs associated with an Improvement Exchange would be cost prohibitive for $20,000 in improvements. 

The conversion to a Roth IRA is a taxable event but you may still avoid the penalties associated with a distribution.

I am researching this last point as I would like to establish whether smoke is a strict requirement of the regulations.I do know from meetings of a landlord association that the big corporate landlords in Ontario are moving to inspect smoke alarms twice yearly as a matter of routine.

I use a guy named Alan Nippes with Fritz, Nippes and Associates.  

Say, I've been thinking of joining the XYZ Landlord Association are you a member or have you ever been to their meetings?"

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