All Forum Posts by: Adah N.
Adah N. has started 29 posts and replied 284 times.
Post: Rental Applications through Zillow Rental Manager vs. Avail.co
- Investor
- Atlanta, GA
- Posts 293
- Votes 142
@Evan Hamamoto
I use either. They can prescreen with Avail before paying a the application fee or they can use their Zillow application. I don’t think the Zillow prescreening app is junk, it is good enough for prescreening.
Post: Help me with my Analysis Paralysis
- Investor
- Atlanta, GA
- Posts 293
- Votes 142
@Scott Po
I’ve heard we should not try to time the market. Buy if it is a good deal and the numbers work now.
Post: Can Someone Not on Mortgage be on Deed?
- Investor
- Atlanta, GA
- Posts 293
- Votes 142
@Stephanie Math
Yes but not a good idea, unless they are a significant other, child, parent and so on. The person on mortgage is responsible for loan. Meanwhile, the second person on deed is enjoying ownership without responsibility to pay.
Post: What would be better for long term rentals?
- Investor
- Atlanta, GA
- Posts 293
- Votes 142
@Eliott Elias
“MF does not appreciate as much as SF…”, I am not sure that is still true. It is all demand and supply. Yes, there are more potential buyers of SF but there are also so many investors waiting to snatch up any investment grade properties. I think MF have started to appreciate a lot more now than several years ago.
Post: Need Advice- My sister in law is living with a roommate who is physically abusing her
- Investor
- Atlanta, GA
- Posts 293
- Votes 142
Quote from @Mike Shemp:
Hello BP Community,
I will try and keep this post as short as I can, but ultimately I'm looking to ask the landlord and legal experts in this community about any advice that can be given to my sister-in-law about the situation she is in.
She lives in Newbern, NC in a SFH that she rents and is in a lease until April 2024. She is living with her ex-boyfriend who pays half the rent, but is not on the lease. My wife went to visit her this weekend, and found out that her boyfriend has been verbally and physically abusing her: he swung his pants at her and the belt buckle hit her in the head and she required 4 stitiches, he threw a glass bottle at her and gave her a black eye to the point where it was swelled shut, and has also slapped her on multiple occasions. Cops have been called to the residence in the past from neighbors due to the arguing. Lasst night while my wife was visiting, he became verbally abusive and tried pushing his way into the bedroom as they were trying to close the door, and the cops came again. One thing to note is that my sister-in-law has not reported the physical abuse to anyone other than may wife (as of last night) as she has been afraid to tell anyone. She did not even tell the cops last night when they came, and only told my wife after the cops left.
My advice to my sister-in-law was to contact the property manager immediately. Explain to them that your roommate has been physically abusive to you on multiple occasions, and that that based on this you would like to get out of the lease immediately.
Is there anything else she should, or could be doing to get out of this lease as fast as possible? Other than the obvious of moving out as soon as she can, calling the police if her roomate/ex-boyfriend so much as raises his voice while they are still living together, my wife and I would appreciate an advice the landlords and lawyers may have to give.
Thank you for reading.
Mike
Kicking out the boyfriend while she remains at the property sounds like major tragedy loading. I think you should help her pack her stuff and move in with you or find her another accommodation asap(like yesterday). Then cancel the lease with PM or Landlord, it should be easy to prove domestic violence if cops have been called to residence a couple times.
Post: Should I sign an exclusivity document with an agent?
- Investor
- Atlanta, GA
- Posts 293
- Votes 142
Quote from @Nathan Gesner:
Quote from @Adah N.:
People are talking about two different things. If he is just waiting for any agent to bring him a deal, then a contract is not necessary because they aren't really working for him. If he wants an agent working to specifically help him find a property, then he should sign a contract.
Why would an investor want 1 agent working for him? Instead of working with several agents? Do agents not have multiple clients? Investors should have multiple agents who know what the investor is looking for. When agent(s) notice a potential property on mls or other source, they call on investor and set the ball rolling on that property and should get all the credit for that specific property.
Likewise, if investor finds a property, they call on one of the agents. If agent is too busy with other clients or other commitments, investor should call on another agent.
Post: Should I sign an exclusivity document with an agent?
- Investor
- Atlanta, GA
- Posts 293
- Votes 142
@Nathan Gesner
I think it makes sense not to be elusive with an agent. Instead, any agent who brings and/or shows property would be elusive on that specific property. They would manage the contracting, showing and get the commission.,
Post: Any thoughts on quadplex in Conyers, GA
- Investor
- Atlanta, GA
- Posts 293
- Votes 142
@Marc Brenner
Are you still bullish on Conyers? How is the Conyers market doing 2+ years later? How would you rate Conyers compared to Douglasville?
Post: Do you recommend Foremost insurance?
- Investor
- Atlanta, GA
- Posts 293
- Votes 142
@Jason Bott
I am shopping for insurance for a 4plex. What commercial carriers do you recommend?
Post: What is the best way to find somebody to keep an eye on my rental, but not a PM?
- Investor
- Atlanta, GA
- Posts 293
- Votes 142
Quote from @Bob S.:
Quote from @Vincent Donato:
I have a rental duplex in Ohio which I was doing very well managing myself. Work brought me back to New York so I was forced to hire a property manager.
That didn't go very well. For reasons I will not get into, I fired him. I'm capable of managing the property myself from New York, filling vacancies, calling for maintenance, etc.
I want to continue to manage the property myself, but I want to hire somebody to do simple things such as viewings, respond to small issues from tenants and address the problem, etc. How do I go about finding somebody like this, and what would you pay them?
I have been doing business there for 10 years 1ks of move in and outs and PM. If you think you can do this all alone, you are sadly mistaken, you will get" hurt " bad. Tenants in Cleveland are pros at living for free, they know the system. You need repairs done the same day, at a good price What if you do not get it done right away and the tenant calls the city and starts putting her money in escrow, do you know what to do ? You need evictions filed for a fair price, you need to replace the tenants, who's going to meet them? Walk the properties and more. What are you going to do when the tenant screams " my son has led in his blood " Or I can't pay the rent I got in a car accident " Do you know how to deal with EDEN or Sec 8, ? Or YOUR tree fell on my car , you owe me money " . Sewer is backing up; I want you to put me up in a hotel" Do you know how much it will cost to replace the sewer?
The 80 BUX a month for PM is meaningless. I read posts all the time, of terrible stories,,,,,
NOBODY is going to jump when you call them, everyone is much too busy. You need a team.
rethink and get a new PM
Good luck
Where do they have PM for $80/month?