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20 March 2020 | 8 replies
I'm willing to fully refund their double deposit if they leave with out damaging anything...even though she moved in 2 additional people.
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20 March 2020 | 2 replies
Claiming the water from the downspout is causing foundation damage on their home.
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22 March 2020 | 4 replies
I'm trying to decide if I should lower the price or wait it out to hear back as I get that prospects are viewing other properties as well.
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20 March 2020 | 6 replies
The only way to know that is by a letter from the city/county and or a rebuild letter that states the subject (specifically) was grandfathered into current zoning, what was allowed on the property and that it can rebuild if damaged or destroyed.”Circling back to our initial conversation, I can assure you that we will be able to refinance this property, however, the term length and loan product simply depends on the use type at the time of refinance:· If permitted as a triplex (or grandfathered in): we will be able to offer the 30 year rental product.
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21 March 2020 | 6 replies
(All of this is theoretical since I don't know Maryland law well enough to give a concrete response)The other worry is that damage to the property could be caused by the tenant trying to self fix the issue.
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28 December 2020 | 3 replies
I would assume that Montana is better at minimizing the damage that the virus has had on the rest of the country (wide open spaces and relatively small population centers).
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11 March 2020 | 4 replies
My name is Kyle and I am a full time physician assistant and prospective real estate investor interested in house hacking or BRRRR to start.
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28 March 2020 | 9 replies
As part of his letter to confirm the move out date, he specifically mentioned that he is waiving rights to part of the security deposit as they are breaking the lease.My tenant also helped with showing the home to prospective tenants and finally, I approved one of them after the background check and all.Now, he is coming back and saying that he spoke to a lawyer and I should return the security deposit as I rented the house to a new tenant right away.
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19 March 2020 | 3 replies
In an effort to provide some information for long term buy and hold investors to be more prepared, please see below:Happening Nationally:Tenants have refused to leave at the end of their lease siting uncertainty and high risk of virus.Tenants (apparently even with strong renter history) are stating the virus has impacted their income and are not able to pay rent, are asking for lenience.Vendors are less responsive to non-emergent maintenance due to fear of employees becoming sick.Property Managers have chosen to be less responsive to non-urgent maintenance requests from tenants to keep their team safe, similar to vendors.Showings have decreased or have been cancelled due to the fear of being in public buildings or other people’s homes, which might impact vacancy if this is longer term.Occupied unit showings have ceased for the protection of the tenant in place, the showing agent, and the prospective tenant.Some management offices are closing and requesting rent be paid in a different manner than visiting the office.Occupied unit inspections have been paused, unless deemed emergent.Be Prepared:Think through how you will handle some of these situations in advance and write our a process for it.Handle them consistently and do not favor one tenant over another.Be proactive and prepared so you can act unemotionally and with fairness for all.Be a Leader:Now is the time to show your team (vendors and tenants) that you value their health as much as you do your own.
15 March 2020 | 3 replies
I feel they are being vindictive and worry about further damage to the property.