Simon Stahl
Early PM contract termination
I have a triplex in San Antonio, TX that is managed by a PM. There are still a few month left until the PM agreement ends, but I am pretty unhappy with their services and would like to get a new PM before that time. T...
Christopher Veljkovic
IN-GROUND OIL TANK ADVICE
Thanks in advanced to those who can help guide me through or shed some light on the following scenario. What would you do?My wife and I are looking into buying our first duplex. Its in a desirable area which can bri...
Dan Kelley
I found a window when I ripped out the shower...
I started the remodel on a 6-plex I recently purchased. Last night I began tearing out the bathroom in vacant unit #6. Check out what I found behind the shower surround when I removed it....So here's my dilemma... Wha...
Kevin Hamblin
Colorado Bill will not allow Landlord to evict tenants except for non payment/Breach
These new laws that Colorado is trying to pass are going kill the rental market. In addition to the "Just Cause" Bill, Colorado is trying to pass Rent Control, and a bill that would allow tenants to have pets, specif...
Bryan Hancock
Fire Burned Three Apartment Units - Engineering Report Needed?
Last Friday a grease fire at an apartment complex we own torched three of the units. I haven't made the trek out there yet to assess the damage, but the insurance assessor called today and described the damage. My p...
David Jonsson
loan is current
When will a lender accept a short sale if note is NOT in default? Otherwise, the seller can do a personal note on the difference? Appraised value is 283,000. Owed is 219,000. Offer will be around 190,000.
Ashley Gamble
HELP! Sellers didn't disclose major issues - unrentable and requires massive repairs
We recently bought a property that we have found out within the first few weeks of owning it that is has VERY SERIOUS drainage and humidity issues and lots of previous water damage that the sellers did not disclose. M...
Ed L.
Tenant Improvements????
How are tenant property improvements handled???
Example.
Tenant installed laminate flooring.
Tenant installed new exterior door.
Tenant installed fence on the property.
Floor to ceiling mirrors glued to drywall...
Gail W.
Messy tenants now have rats INSIDE
My tenants (12 guys- a Sober Living home) told me rats were in the garage...where they keep 5 fridges. On inspection, I saw there was a lot of food dribbles and spills from the fridges and the outer door was left open...
Richard Campbell Jr
Creating an LLC
Happy Memorial Day Weekend!!!I own two investment properties and I don't have an LLC started yet. I plan on creating one but I had a conversation with my sister (she is a commercial litigation lawyer) and she said I s...