Maybe it is a sign that the market has started to rebound or maybe the law AB 284 Nevada passed last year has temporarily reduced the REO inventory.

Use that money to reduce your basis in duplex or to put into more property.Requires patience, but if you can pick up lots on the cheap in this depressed land market, with rentals that generate cash flow, it will be a great long term play.Leonard

I know that PM's are not always that great, but since this property cash flows so great, maybe you could have a PM handle just this property so you still get great profits but reduced headaches?

Just need some pointers so I handle this situation correctlyI got a call from a lady wanting to sell her house.She thought it was free and clear except for delinquent taxs. $2000She will sign the deed over to me for$100.

I'll soon be getting into renting (~6 mo) and I've been thinking about how to handle tenants not filling the oil tank.

How do you handle tenant washer/dryers.1.

I set up a dedicated business account that ideally would (if I cared) handle any tenant interactions.

If through a listing broker it will depend on what the listing broker entered on the MLS and MLS rules.In Georgia for instance on FMLS if as a broker you screw up and enter commission wrong,mistake things etc. you can be on the hook for the commission or lose access to the MLS.MLS's are sometimes controlled by REALTOR associations and other times are private entities that are non-profits or for-profit organizations.Also the brokers/agents involved it would matter if they were REALTORS or not.Generally your state's real estate commission does not handle commission disputes.They only care about license laws.The agent can argue procuring cause with the other agent but it should not stop your sale.Simply you would close and get your proceeds and the commission in question would be froze until a solution was given and signed in writing or a court order.There are so many variables to this and it is state specific.Procuring cause is a chain of events leading up to a sale of a property.If the chain is broken generally the broker/agents is not due a commission.The moral of the whole story is the buyers agent needs to learn how to protect themselves in the future.I am not going to court to get my agents commission when I only charge them a 300 flat fee as a broker.No legal advice

I'm wondering what other people here do and what the proper way to handle this is.

The title complany that handled my rental house transaction had a lawyer as a partner and they were very helpful explaining how to do owner financing.