Michael Poloncic
Tenant breaking their lease
9 January 2025 | 8 replies
You will want to consult with a lawyer.In regards to your last two questions here's some background on what makes a contract valid and enforceable:Offer: A promise to do or not do something within a certain time period Acceptance: A clear and direct statement that all terms and responsibilities are accepted Consideration: A legal and adequate inducement given in exchange for the promise Capacity: The parties to the contract must have the legal capacity and competency to contract Awareness: A party must be aware of the contract Legality: The contract must be legal in the jurisdiction it will be operating in***Not legal advice*** Steps I would take: -Review contract in detail to understand each counterparties responsibilities (if you are not aware)- Email a copy of the lease to each of the tenants listed on the lease and reiterate lease expectations for termination notice, rent payment etc. - If the lease was signed via Docusign (other esign may have same ability) - you can go to the envelope, go to history and view the IP addresses for each action taken.
Phillip Austin
Nightmare Tenant - This is why you need a property manager!
24 December 2024 | 7 replies
As professional PMs, these scenarios are less anxiety inducing to us because, unfortunately, we deal with professional tenants more than your average landlord.
Jason Malabute
HAVE YOU INVESTED WITH BAM CAPITAL?
3 January 2025 | 42 replies
-Marty Summers Marty, Nothing that I posted is incorrect, but thanks for stopping by to repeat some of the marketing material that induced you to send seven figures to BAM Capital.
Mustafa Shaikh
RAD Diversified Review — It Wasn't Pretty
8 January 2025 | 146 replies
They are suffering from their own stupidity, being "over-leveraged", and the investor from greed/fear inducing a good old fashioned Bank RUN on them, which they don't of course have the funds to pay out without bankrupting themselves.
Jake Allen
Starter home to second home, do we rent or sell?
25 November 2024 | 10 replies
If you’re planning on buying your new primary nearby, it will make being a first-time landlord much less stress inducing.
Carlos Ptriawan
Don't become passive investors
1 December 2024 | 91 replies
., they win. totally hahaha , so the shark (read: goverment and their allies like jp morgan) is screwing the small dog and small wolf like the GP level, while the small wolf is screwing the humble chicken ( LP).When everyone destroyed due to their own shark-inducing-volatility policy and then everyone dies, they come to rescue the market hahahaha lol i am lucky this is not my first busted cycle so i can comprehend whacca going on behind the screen.
James Kerson
Tell Me Why My Discount Brokerage Idea Is Bad: Calling All Agents
10 December 2024 | 100 replies
I think using a deposit model where they can get some those prepaid rate back upon closing is a good way to induce commitment.
Tyler Jahnke
Morris Invest Case Study 2.0
30 December 2024 | 819 replies
Morris Invest videos are also referenced in the complaints as oral contracts and attempts to deceive/ induce fraud.One complaint states that the Morris Invest house had actually burned down 4 days PRIOR TO CLOSING and that this wasn't disclosed to the buyer before closing or during the months after the sale.
Jesse LeBlanc
Is inflating a payoff a CRIMINAL OFFENSE in GA?
3 November 2024 | 56 replies
, etc.) then it really was, in order (I guess) to induce a loan or some other “benefit”.
Michael Baum
Fed cuts rates by .5%
9 November 2024 | 87 replies
. - There is what those words really mean, or there true intent, which all too often is the exact opposite, such as saying the economy remains strong and a-ok with no recession risk being seen, because there is risk seen for it, but to say such would be to make it happen, and to say there is-not, may induce stabilizing actions that thwart the happening of such..... - And there is what they DO....