30 November 2017 | 14 replies
@Ashish Acharya and @Brenton Way Really appreciate your alls input on this, this is something I was not aware of that I could potentially utilize.
25 November 2017 | 11 replies
Am generally not a fan of inheriting tenants and if I do, I prefer that my lease be implemented, but clearl y that is not always realistic.Thank you though for this suggestion and I am going to try to see if working it from your suggested angle will work here in Colorado.In the end, I want to set up a lease that does not have holes, that an attorney, God forbid we ever have to evict (though these tenants do not seem like the type to cause any issues and I generally am a good landlord and stay away as long as you are following policy, so thus having a detailed lease that covers most all and then just backing off.My inspections are generally once a year, outside of the move-in, move out.I also stay very engaged in the running of my property, thus self-managing as in the end, I strive to provide a place I would enjoy living and I actually live on one of my properties.Long story short, don’t care for the very vague lease that the current property management company has running.Additionally I have little confidence in the way they were managing the property.The property has so much potential but has clear signs of neglect and I intend to change that as I never simply abandon my properties.On the question of current lease, I have combed through it repeatedly and do not see any mention of what happens at lease expiration only what happens when tenants are seeking to terminate their lease, “30-day written notice required”.No stipulation on what is required of landlord at end of lease and/or automatic renewal, both items that I cover in my lease and another reason, why am not a big fan of the existing lease.Leaves out a lot.I prefer having systems in place where there is little chance of misunderstanding, so thus the nerves on this one, but I will get through, thanks to you all for all your great advice!
21 November 2017 | 1 reply
I'm trying to compile a list from AgentPro247 and was wondering if you filter out properties that are owned by LLCs, as they are most likely other investors, whereby it may be more difficult to get a reasonable price ...
5 December 2017 | 7 replies
A simple example -- I had given the EMD on one of the auctions, I had won and although we dont get to see the property, I was able to get into the one and saw that there was a potential structural issues.
27 November 2017 | 4 replies
I’m faced with potentially exchanging a very good thing for something with a lot of unknowns.
22 November 2017 | 21 replies
Assess properties in your chosen market to see if either has potential.
21 November 2017 | 1 reply
Please feel free to reach out to me I would love to meet up and see how we could potentially help each other out.
28 November 2017 | 10 replies
If I were a potential tenant I would think twice and more before renting a place where the landlord was storing his/her stuff in the garage and could show up at any time without notice.
21 November 2017 | 2 replies
Seeing that you have a pretty decent spread between remaining principal and potential value (don't trust the Zestimate) it seems that reinvesting the money into other properties is pretty attractive.
10 December 2017 | 22 replies
Way too many potential headaches otherwise.