Natalie Cloutier
Coronavirus: email to send to your tenants
14 April 2020 | 160 replies
We provide safe and affordable housing to citizens who can't afford to purchase homes themselves.Second only to to food, shelter is important as a basic need that no American should live without.This is why I am writing to you to ask for help in the implementation of emergency changes to the Federal Housing and Urban Renewal Section 8 program.As a landlord I propose the following:The qualification for Section 8 should be opened to all unemployed American receiving unemployment benefits.All Landlords who file a IRS Schedule E are eligible to receive benefits based on properties listed on their Schedule E for 2018 or for any 2019 tax return filed.Section 8 will waive the home inspection and Landlord requirements for the participants in this emergency program and will not remove the traditional application process for those seeking to participate in the Section 8 program.
Patrick Menefee
Forget Covid-19...what success are you having???
28 March 2020 | 37 replies
@Patrick MenefeeIm actually closing on a property in 2 weeks, because of the Covid-19 and a very detailed inspection report i was able to recieve a $21,000 price reduction.
Mike A.
Closed on building. Need suggestions on a welcome message
23 March 2020 | 1 reply
Heck, the insurance company is doing a "phone inspection" instead of visual inspection (this should be interesting).Does anyone have a boilerplate message we could use to send out to all the tenants through e-mail and USPS mail?
Wesley Stewart
[Calc Review] Help me analyze this deal
25 March 2020 | 8 replies
You need to verify all of them such as exact closing costs, get your inspection contingency if possible at a minimum
Kaustubh Deshpande
Covid-19 changes on multifamily market
7 April 2020 | 16 replies
@Lien Vuong this particular deal that I am looking at comes with long term renters.I definitely should have safeguards in place around inspections since inspections have been stalled at this point in time.
Gary Parilis
inspection contingency while on C19 lockdown
21 March 2020 | 0 replies
Any thoughts on how to structure an inspection contingency while it may be impossible or irresponsible for an inspector or even an agent to visit properties (especially occupied ones)?
Lisa D.
Tenant sent me a DocuSign document
22 March 2020 | 12 replies
I personally would not sign that.It almost sounds like one part of it is trying to document the current condition of the property, which isn’t a bad thing but should have been done during your initial move-in walk through inspection with this new tenant.
Kevin Hoff
Backing out of a deal based on bad inspection
25 March 2020 | 24 replies
I am thinking about backing out based on this inspection.
Joe Blakley
Buying Rentals in an Uncertain Market
5 April 2020 | 13 replies
Last week I pulled the plug on the purchase of a fourplex during inspection because the numbers weren't going to work out if the RE market dropped much and the property needed rehab the owner didn't want to deduct for.
Blaine Prater
Can you wholesale a deal to non-cash buyers?
23 March 2020 | 5 replies
The property itself is in a condition of disrepair and will not pass an inspection by a traditional lender3.