All Forum Posts by: Brandon Ingegneri

Regional. Each state has one or multiple MLS' depending on size.

Unfortunately, this happens more commonly than not.  The first call would be to that agent's broker.  I'd evaluate how the broker handles it.  If there isn't a decisive action made, the next call would be to the local regulatory agency.  In this state, it is the Department of Business Regulation.  That, accompanied with any supporting documentation will surely light a fire under the broker's *** to get the situation rectified immediately. 

Chelsie, best of luck as you begin the process of investing in the area. 

Rents were down.  You had to be cash heavy and have every corner of your world shored up for a bank to do business with you.  I was buying single family houses for $25,000 during those years, dumping $60,000 into them, and renting them for $1200 a month completely updated when most available units were slums because owners didn't have any money.  It was definitely an interesting time.  You were essentially not in business unless you were a true cash buyer though.  

I own a bunch of these things in RI, and my personal opinion takes into account a few factors.  How are they maintaining the unit?  Are they respectful of the property and neighbors, or do they live like animals?  If they are sound tenants but consistently pay in the late but not too late window, and they regularly pay the late fees, I would let it ride so long as the late fees are ample enough to make it worth while.  

If they are shi* head tenants, the notice of termination of tenancy would have been ready to go the second month in a row that they were that late.  

If people have an unforeseen circumstance that they communicate with you about that temporarily jumbles things up, that is one thing.  If they are leaving you in the dark and consistently pay late and aren't the best overall tenants, show them the door.  

My company regularly serves as contractor for buyers utilizing 203K loans. 

I have quite a bit of deal flow that I regularly pass off just due to the fact that its impossible to do all of them.  There are only a limited of real buyers that I come across.  If you have an idea that may be mutually beneficial, feel free to PM me and we can discuss funneling some deals to you. 

We own several there and don't have any issues. 

Best of luck increasing your profits. I would contact the VA, Housing Authorities, and community action agencies.

It is typically not difficult to increase the rent so long as it falls within the threshold guidelines established by that respective housing authority. Some HA's have less red tape than others as far as efficiency.  Having a direct line to the tenant's case worker makes the process much easier.