Benjamin Schultz
Buying an 24 Unit Apt Building with a recent FIRE
(Maybe) Buying 24 unit apt building with 5 retail spaces. In Aug 2019 there was a minor fire in one of the apartments. As a result, the building was DOUSED with water and 12 apartments and 3/5 retail spaces were kno...
Matt Liu
Does a photograph of tenant letter taped to door hold legal ground?
If I tape a letter to a tenants door (for 30 day notice, or other important communication like "please do not store anything in basement during summer season") and photographing it on the door just far enough to b...
Shoshana Shulman
showed apartment to two clients, both of whom want it;
Hi Group, I might have messed up a bit in communicating. I showed an apartment to a prospective rental family, quoted a price to 'assist them in making up their mind,' and they texted me, 'We'll let you know our answe...
Mark S.
Syndications: Idle Cash Prior to Deployment
I'm looking at a self storage syndication fund that has some language in the PPM that capital shall be placed within 90 days. If it isn't the sponsor can either choose to return it to the investor or the preferred re...
David Malaguti
Who pays the deductible on a master insurance claim?
A little background, I own and live in a unit in a 4 unit condo. About 6 years ago, I became the treasurer of the condo association, mostly because nobody else wanted to do it. The previous treasurer knew almost not...
Stephen R.
Overbudget penalty for contractors
I recently decided to add a deadline penalty for a contractor that does not meet their agreed upon project completion date. Would a budget penalty be appropriate as well?I know many contractors will underbid a project...
David Deevers
Self Directed IRA LLC building a rental house
Haven't found any google searches talking about building a rental house. I'm wanting to use the LLC checkbook to purchase the lot and then have a contractor build the house. Is that possible? Any headaches?
David Kim
What kinds of things to look out an exclusive sales listing agreement?
Hi folks,I'm looking to put my commercial property on the market. I've never worked on selling one before. I've been talking to a commercial real estate agent, and they sent me a sample of their contract.Is there any ...
Alan P
Question about using Double Lease Options
Hi.
When I do a double Lease option:
In option #1, i lease and option from seller (which are three documents including lease, option, and purchase and sale agreement);
What language in do I put in Option #2 where I ...
Davinder Singh
What are my rights as a tenant in Washington State?
Hi, I live in Washington State. I started living in this home last year. And i signed my lease for 2 years, as i was new to US i was not aware of lease rules and systems. So when i signed the i never notarized it and ...