Kaybreh Mathis
Late rent payment options?
Hello! My husband and I bought an apartment building that is fully rented out. The previous owner was not a good landlord or business man. His lease was barely three lines long, and did not address late fees. He told ...
Rosston Smith
Lease Terms
I currently reside in Georgia. On the leases I will be inheriting, there isn't a renewal or extension clause. Does this mean they are completely expired and the leases are worthless?The leases I have were signed 2012 ...
John Lee
Did I just open a can of worm?
I submitted an offer with a listing agent for a bank reo property. I did not hear back from the agent or the bank. the property went under contract. I guess their offer failed through, the property is back on the mark...
Chuck Dreison
How often do you buy/sell debt with buyback options?
I’ve been chatting with a fund manager about our performing notes.
He asked a question I hadn’t heard before...Would we be willing to buy any loans back if the borrower goes 90 days delinquent?
Typically, when fun...
TJ Brisbois
My first wholesale under contract
My first wholesale deal - The seller is under contract with me for 100k.A buyer had made an offer of 110k.I need to protect myself from the buyer trying to cut me out by going to direct to the seller. When I send the ...
Mark Coulet
procedure for lease renewal
tenants wish to renew for another year, do i send an entire new lease?
Nat C.
An open contract and Alzheimers
I have been in negotiations with 2 owners to buy their property. Suddenly they remembered there is an 'open' contract from 2006 when a church bishop was supposed to buy the property. They signed a contract however the...
David Antunes
Amendment form for lease extension on my rental property?
I've got a rental unit in San Diego, CA with great tenants who are approaching the end of their current lease. They have told me that they are interested in renewing the lease, and I'm happy to have them stay.
I am p...
Russell Adams
Tenant Holdover
My tenant put the rent into escrow because she didn't want to pay rent. The repairs have been made and now I am awaiting a court date on 23rd of Apr 15. The lease is due to expire on 15 Apr 15. I am being told by my p...
Dee Bee
Building Permit Renewal Required?
I have a building permit on my SFR that was issued 9/22/2016 and it's supposed to remain active for a year. We should be wrapping up our project in a few weeks, hopefully by the end of this month or beginning of next ...