All Forum Posts by: Allan Rosso

@Jennifer A., like I mentioned before, it isn't my intention to come off as someone taking advantage of someone else's misfortunes. The reason for this forum post, is because I understand there may be situations where someone may need to sell a property quickly, and I want them to know that I am an option (as @Adrien C. stated). I definitely agree with you that there is no good way to approach this situation, but I am sure you would rather know of a solution you could point your clients towards, if they happened to be in need of one.

@Mitchell Berry,

Every situation is different. If the house is still occupied, you could simply go knock on the door, talk to the current owner about their situation, and offer them a solution where you purchase the house before it officially forecloses, which would in turn save their credit from taking a foreclosure hit. If they are willing to work with you, you then contact the attorney handling the foreclosure, and get them to stop it before it goes through the process.

As far as looking at the property, you may simply ask the owner to let you take a look around. They may or may not accept.

@Jocaro Dodd @Adrien C. ,

Perfect, I appreciate you guys pointing me in the right direction.

I know @Jocaro Dodd asked almost an identical question, but is there a particular reason why you would mail market to these leads, rather than calling them directly to begin with? I am the kind of person that would rather call, but if there is a good reason why I should start with mail, then I will do so. 

@Jocaro Dodd, glad to know I'm not the only one with these types of questions! Hopefully we can help each other throughout this learning process. 

@Adrien C. @Account Closed,

So as far as the PR (personal representative correct?), how do you figure out who they are? Wouldn't that be something the Probate Attorney could tell you? 

My plan after gaining insight through this post, was to either call or walk into a Probate Attorney's office, and introduce myself as an investor that may or may not have solutions to problems any of their clients may have. Would that be a good strategy to acquire their realtor buddy's contact info, any PRs' contact info, and quickly move past the attorney?

A death in the family is a very delicate time for anyone. I have gone back and forth in my mind on whether or not I am being insensitive for seeking out Probate leads (the last thing I want, is to seem like a vulture preying on the misfortunes of others). I came to the conclusion that as long as I am offering a solution to a problem, there isn't necessarily anything unethical about it. 

That led me to a couple of questions: 

-How do I properly approach a Probate attorney without being turned away as an insensitive vulture, out to get his/her clients?  

-If I do receive leads from said Probate attorney, how do I approach the family?

I feel that this is a very delicate subject to be pursuing, so any and all advice is greatly appreciated!

Allan

@Joe Liu, believe it or not, I simply google to find the owner's information (combination of owner's name, property address, etc etc). I did find homemetry.com to be one of the sites that popped up often, so I'll usually go straight to that site, enter the address, and more times than not, it will give me exactly what I need. Hope it helps.

Hey @Josh Warren, 

Since you'll mostly be "managing" the property from out of town, I would recommend getting in touch with other AirBNB investors in the Atlanta area. Maybe try finding real estate investment clubs you can visit or meet with during one of your monthly visits. 

These fellow investors will more than likely have a network of people that will facilitate your situation: ideally a local property manager that can keep an eye on your property that may or may not specialize in AirBNB. Someone that knows cleaners for in between visits, contractors for any necessary repairs that may come up (even repairs necessary to get the property up to standard before renting it out), etc etc. Having onsite support while you're away will make your experience a lot more successful.

As far as your question on the location, research what things in Atlanta your property is convenient to. You'll find that many AirBNB users don't mind commuting 10-20 mins, so the fact that the property is in the suburbs south of the city, might not negatively affect you as you may think or expect.

@Amanda Han I haven't read it yet, but I definitely plan on it. Thank you!

@Justin Frye, I definitely agree with @Linda S. about pet fees being non-refundable, and I make that super clear in my lease agreements. I don't charge the extra monthly fee, but I might start doing that in the future.