Corey Martin
Rescinding Binding Contracts and Offers - Best Practices
Real Estate Agent here. Ran into this situation, see if anyone can relate:My client was looking to do 2 deals fast for a 1031 exchange. They initially put out 2 offers. This was Saturday morning with deadline Monday a...
Xin Peng
Why would a property management company charge cancellation fees?
The theory I heard is, if the PM does a good job, normally the landlord wouldn't bother to switch the PM company, so they shouldn't worry about the early termination. So, any good reasons to justify such charges?
Denise White
Title Company Ethics and Regulations
Complicated: Our Closing agent, at a local title company, is the in-law of the Buyer of our home. I'm the Seller's agent (of course-my home), and the Buyer's Agent for the buyer of our home. I found out later that ...
Destry Dylan Thomas Sholder
Tenants want to end the lease early
I recently received the following text from my tenant:"Hey I was wondering if there's any way you'd be open to ending our lease early in hopes of finding a new tenant. My wife and I are divorcing and I haven't even be...
Andrew Carter
"Below Value" Appraisals, why is the buyer required to pay?
Hello, I'm brand new to BP but looking to learn quickly...which will mean asking lots of (but hopefully not to many "dumb") questions. This may be a question with an obvious answer, but I'm curious, when a property ap...
Greg Scully
Question For Syndicators
When projecting your returns to present to investors, do you use the NOI before or after Cap Ex reserves and asset management fees? Specifically the sales price.Thanks,
Amit Agarwal
Florida : St Augustine : Tenant Gave Early Lease Termination Notice : Penalty ?
Hi All -I started a lease with my new tenant in Sep 2023 in St Augustine, FL. Just after two months, he sent me a text giving me an early lease termination notice due to two reasons - 1. my house did not meet his need...
Jordan Petty
Assignment Fee Check "Before" Closing & Marketing Properties
Hello Everyone,So today I spoke with an attorney today regarding the process of wholesaling and how to properly set up my purchase contract and assignment contract. I hear so many different things from people online i...
Steve S.
Getting out of a Property Management contract??
I have a tenant that is choosing to move out at the end of their lease term. I believe, from how I interpret my property management contract, I don't have to pay anything to sever the relationship with the property m...
Erik V.
Property Management Agreement/Utah County
My company owns a duplex in Utah County, Utah. We are looking to transition to a new property manager for the duplex and recently received a proposed property management agreement from a well known property management...