All Forum Posts by: Brandon Moreau

No, I have not. I have been using Cozy.co for Management and have only done few repairs since obtaining the places, which i hired a local company todo, and that all looked good. Cleaning and prep for tenants i did myself. But I have only had 1 Unit change hands, and the move in/out was all back to back and all the cleaning agencies wouldnt accommodate the time line.

Lots of back and forth I didnt read.. But for Me, I use it... ive communicated with the app builders and they respond real quick if you have suggestions or comments.. it Cost$$ is the downfall I have.. But the recent updates are good. And Is a great app for doing a quick analysis if your out cruisin for deals... i set my criteria, and if the properties meet I go and do a deeper analysis later...  I recommend trying it for yourself.. pay to analyze a few properties... the first free 5 doesnt do any justice until you get used to using it. 

Just an update for those of you at the edge of your seat... JK.

Learned me a lesson on contracts. Seller and I have come to common ground and settled on how to proceed. Thanks for your input and views.

Ive Picked up a couple rentals in the Billings Area. Not to impressed with the current PM on one of the buildings. Theres some work that needs to be done to a couple units which opens the opportunity for change. Any recommendations from any Local landlords or Investors would be highly appreciated. Property Managment, Cleaning and Maintenance, Reconstruction/Remodel/Repair.

Thank you.

@Jack Orthman

Thank you for your input. Obviously I did not know the tenant was behind, but also feel like maybe the unit should be vacant before we close. Or the seller forfeit the deposit. At 30 days past due, the property managment company has not done the seller any justice here.

@Brandon Moreau

Clarify, lines from PSA

328 PRORATION OF TAXES AND ASSESSMENTS: Seller and Buyer agree to prorate taxes, Special Improvement District

329 assessments for the current tax year, as well as prepaid rents, water and sewer system charges, heating fuel and tank

330 rental, irrigation assessments, Homeowner's Association dues and/or common maintenance fees, as of the date of closing

331 unless otherwise agreed as set forth in the additional provisions

@Jack Orthman rent due the 1st. Possesion on the 8th. I believe I am entitled to the whole damage deposit. Assume I recieve the damage deposit. Tenant moves on Aug 20th, no rent was collected from July 1st to closing. Seller is out 1 months rent and deposit, but hes off the hook for any damages. Seems fair to me. Part of me feels like they should have evicted the tenant after month 1, but realistically i know this process can span some time.

@John Teachout I did consider this, and I can push 15days as per agreement.

@Theresa Harris contract is signed, to close the 8th. Did not include verbage in closing as i thought it was covered through our PSA.

He BP community.

I am set to close on a property where a Tenant has put in the vacate notice, but plans to stay in the unit for 11days past closing. Everything would be good except they didnt pay rent and dont plan to. The managment company said they were keeping the damage deposit to cover back rent. My thought was if they ( managment company ) agreed then the damage deposit should transfer, and uncollected rent would be the sellers responsibilty. I also would need to file suit to collect 11 days of unpaid rent if i so choose. Whats your thoughts, should damge deposit be transferred, or should the unit be vacant on/before closing. Lesson learned here, always put rents/deposits in closing, here I thought it would be good outside closing..

Thanks

BM