Sunny Pyun
Strategy to approach previous owners in right-of-redemption case?
I was about to close on a city-owned property in upstate NY (specifically Newburgh), and ran into a problem when the title report came back. The title company says they can't insure for 2 years due to the right of red...
Roy C.
Would you install HVAC for existing tenants from previous owner?
I am inheriting tenants from the previous owner. The property needs new HVAC system which would cost about $4-5k. The existing heating system is at least few decades old, and it sounds pretty rough when it turns on. ...
Rachel Allen
LAHD Registration of new-to-market home previously owner occupied
New to this community, wonder if other landlords have experience to share. We own two adjacent properties. We rent out the duplex next door and both of those units are registered with LAHD. The house where we live als...
Account Closed
Housing Bubble: Why it may be worse than previously thought
A housing bubble is a run-up in housing prices fueled by demand, speculation and exuberance. ... Speculators enter the market, further driving demand. At some point, demand decreases or stagnates at the same time supp...
Matthew B.
Tenant vs. Previous Owner: Security Deposit & Last Months Rent
I purchased a property from a motivated seller. The property is tenant occupied. The seller stated he was not holding a security deposit or last months rent for the tenant. After closing, the tenant is refusing to pay...
Warren Barnes
First buy and hold that wasn't previously my primary residence
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $120,000
Buy and hold with $0 in the deal. 100% financing. 80% conventional loan, 20% private note.
Genny Li
Existential questions for the previous renters of my new property
I bought a condo that's been a student rental for 23 years. It was actually what I would call "student clean" when I got it, so it only took an hour of vacuuming per room to get it to the point where the carpets coul...
Alexander V.
Am I bound by a previous owner's property management agreement?
I'm not asking about what property managers write into their contracts. I've seen entire wish lists embedded into them. I realize that it is fairly common for property managers write in their contracts that the agreem...
Robert Glennon
Renewing lease: Previous owner did not do move-in inspection
I bought a rental from another landlord earlier this year. I'm about a month away from when the tenant's lease ends. They would like to renew for another year. However, I just noticed the previous landlord did not do ...
Warren Marshall
How do we know a previous drug house is safe?
Hey guys, We just went conditional on our second Airbnb property, this one is a was considered a "Flop House" by the sellers agent. Which supposedly is a drug house that the door is always open so people can sleep t...