All Forum Posts by: Bob Renthammer

Situation: a buyer and seller signed a simple purchase agreement. After a couple weeks pass, the seller asks the title company if they've received anything and it turns out that the buyer neither turned in the purchase agreement nor turned in the earnest money deposit.

After repeatedly asking the buyer being told they'll turn those items in the next day, and repeatedly checking with the title company and finding this has not happened, what options does the seller have? Obviously the seller can't force the buyer to turn in the purchase agreement or the EMD. Can the seller find another buyer and, if so, what happens if the original buyer shows up with the purchase agreement?

I've googled around and haven't found much on this topic. Surely the purchase agreement has an expiration date at some point even though it's not specific in the contract itself.

Are you sure that map is accurate? That image could be shifted compared to where it's supposed to be.

Why not offer full price? I don’t know your market and you likely underestimated your expenses, but in a lot of places 85k for 1600 in rent and about 500 in expenses would be a good to fantastic deal these days. One unit covers your expenses, one unit covers your mortgage, and the third unit is profit. Consider that people who use the 1% rule should be willing to pay around 160k for 1600 in rent.

What is wrong with zillow rental manager recently?

For a couple of properties the rental listing will not activate - I have tried multiple browsers, operating systems, logging in and out, etc.... Something is wrong on their end and there seems to be no way whatsoever to 

For a property the photos won't post with the ad. I've deleted them, added them back, etc... The show up in the "edit listing" page, but they refuse to show up in the ad.

I cannot change my mobile number anywhere.

I cannot delete a property.

There is no help number to call. They used to have a tech support / help desk line, but now the website says they don't offer that since listing is a free service.

I have put in several tickets for help using a form on their website. No response from them.

I cannot delete my account.

Have they completely gone to hell recently?

Besides craigslist, what other sites work well for landlords used to post properties available for rent?

Apologies if there's already a thread on this....

Suppose growth slows and inflation pipes up in the coming years, giving us stagflation again. What will the effects be on real estate investors? How well did the older bigger pockets members do during the last time this happened in the 70s and 80s? Any tips on how to prepare for stagflation, should it come again soon?

For rental properties:

Presumably interest rates will rise, which should depress housing prices and possibly rents. So do we sell now when prices are high, figuring that we can buy back in later at lower prices? Do we refinance now while prices are high in order to pull out as much equity as possible for more purchases while rates are still low? Do we pay off loans to improve our balance sheets and cash flow by retiring debt?

For flipping:

Was flipping easier or harder in the 70s and 80s than it is now? Should we expect more or less of this activity under stagflation?

I have a tenant that wants to move from one property of mine to another. We could agree to end the current lease and sign a brand new lease, but it'd be much easier to do a simple lease addendum changing the address and related changes like tranferring the security deposit.

Would an addendum be allowed to change the address or is that something in a lease that can't be legally changed?

Not only no, but hell no.

I know of a case where a dud property manager cut herself a check out of an account shortly before being fired for other misdeeds. Fortunately the owner was made whole but had that individual had access to the owner's account instead of the management company's account for that property (as the dud manager originally requested), the owner could have been out a significant sum of money.

Having said that, you could request to have signature authority over the management company's checking account(s) for your properties.

Regardless of the condition of the house, that neighborhood is what you might call a bit management intensive.

Regarding the price, that might be an ok price for a retail buyer, but an investor shouldn't pay that much for that neighborhood.

If you're willing to spend $80k on a 3/2 SFH, consider something in Benson. Better quality neighborhood and better tenant pool.

It's a seller's market right but and if you really want a property, the easiest way to get one is through a realtor that specializes in investment properties. Forget about no money down until you have some experience. Keep in mind that you're competing with people who can pay cash and have a track record to closing. If you were a seller, which kind of buyer would you choose?

What kind of investments do you want your realtor to have? Single family? Multi-family? Commercial?