In the past when I purchased properties with existing tenants all they do is to sign a simple estoppel letter basically acknowledging the lease terms, the security deposits, advanced rents etc...My attorney has alread...
Timeline of events2-3 weeks ago: inspection was completed. No issues with A/C unit given in inspection reportDay before close: Buyer did a walk through and notified me that the A/C was not blowing cold. I called an A/...
We're under contract on a primary and we were just notified that the basement flooded. The entire basement has a sheet of water after an unprecedented heavy storm. Sellers sent photos through our attorney. What kind o...
I had tenants rent my 2,850 SF house for 5.5 years. They disclosed their four dogs before signing, and they gave me a $500 extra deposit for that (in addition to last month's rent). And the wife said to me as they wer...
Is there such thing as a mentor who doesn't charge to teach you how to partner up with them? What ever happened to people who just want to "pay it forward" and genuinely help someone out?
Lots of people have asked me how to start doing a "Rental Arbitrage" in STR (short term rentals - Airbnb is most popular but VRBO is another way).Rental arbitrage is you as the investor rents a home and becomes the te...
I made a offer on a property HW has listed via my agent yesterday. All cash, 7k under 135k ask after determining the flat roof was in need of repairs. My agent followed up later in the day after submitting the off...
I was the highest (not winning) bidder on an online auction. Homesearch.com called the next day and said that my bid was "waay off the reserve price", so it must be forwarded to the bank for review. The representat...
Long story short.Bought house, needed work, hired contractor with an agreement on price for work. Started work in first of November and told it would be end of the month before it was done. Now we are in the middle of...
What is one thing you've added to your lease that may not be in the standard lease that has prevented a problem you had from happening again? Not looking for the specific wording unless you'd like to share, but the "...