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17 March 2020 | 10 replies
I am fairly set in stone as far as being willing to risk damages in order to increase my potential tenant pool and my rent potential.
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20 March 2020 | 39 replies
@Michael Wegner when you document the condition of the place, use a black light so you can mark any previous damage compared with any new damage that might light up from urine stains.
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18 March 2020 | 4 replies
We are using hand sanitizer and wiping down things I touch (light switches and door knobs) plus items the prospective tenants touch like handrails.We show occupied units, and typically have leases signed 5 months before the unit will be ready for the new tenant.
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17 March 2020 | 9 replies
Normally they would just leave them damaged but, the last two weeks they literally just disappeared.
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16 March 2020 | 1 reply
Do you mean not paying rent, damage that was deliberately done?
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28 March 2020 | 4 replies
Also I have one and the last unit that was destroyed from a bust pipes and water damage from the leaking roof.
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17 March 2020 | 1 reply
My guess is that either 1) some of the offices were vacant and now were rented which dramatically increased the cash flow or 2) the property still cash flowed and given the virus situation, certainty of cash flow (even if small) was better than a one time payout with no other investment prospects readily available.I'm in a position to put 30% down so I shouldn't have any trouble financing the property, but if the owner is no longer looking for a one time payout, my question is there a way to 1) convince the owner to issue seller financing (or some other means) to get them the cash flow they perceive as valuable and 2) make sure I don't overpay for that financing as rates are so low right now?
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18 March 2020 | 4 replies
My lease has a clause that I could add utilities to if needed:APPLICATION OF PAYMENTS: All payments made by Tenant to Landlord after the tenancy commences, no matter how designated by Tenant, will be applied as follows: First to any outstanding amounts due by Tenant to Landlord for damages/repairs; Second, to any outstanding service charges and fees from prior months; Third, to any rent outstanding from prior months; Fourth, to any service charges or fees due in the current month; and lastly to the current month's rent.
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18 March 2020 | 11 replies
Im worried about getting evicted i have a clean record and have already spoke with the leasing office saying i will cover damages.
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19 March 2020 | 10 replies
The tree has done slightly more damage than what you're showing and the engineer is requiring me to brace from the basement up to the roof with a temp 2x6 wall, and completely replace that section of foundation wall including the footer.