All Forum Posts by: Brian Van Pelt
Brian Van Pelt has started 9 posts and replied 461 times.
Post: How much time to fire a PM?

- Specialist
- Owings Mills, MD
- Posts 485
- Votes 415
@Doug Peters
I'm a property manager in Maryland:
My policy is:
. Emergency calls returned same day
. Non-Emergency calls returned within 24 hours.
. Projects updates are conducted via e-mail (repairs,account information, etc)
. I also reserve the right to charge for phone calls in 15 minute increments (to encourage brief effective communication and to discourage repetitive conversations)
Post: Question about foreclosure on MLS

- Specialist
- Owings Mills, MD
- Posts 485
- Votes 415
your inquiry may or may not have gone to listing agent. I would call the agent directly. you can google agent name and city to get phone number.
If it's in Maryland call me :)
Post: Tenant credit quality

- Specialist
- Owings Mills, MD
- Posts 485
- Votes 415
@Ankur Agarwal
. Require a co-signer - parent,friend,family member with better credit score
. reduce price to drawn in a wider range of potential renter
. ask for detailed asset/liability to determine if debt to income is too high
. reduce the deposit to 2 months
. See if you can turn property into 2 2-bedroom units and rent separately
Post: Can I Short-term Rental my Portland House?

- Specialist
- Owings Mills, MD
- Posts 485
- Votes 415
. Have property inspected per code
. Apply for a licence
. Rent it through AirBnB
This link should Help
Post: Bank Owned Property First Dibs?

- Specialist
- Owings Mills, MD
- Posts 485
- Votes 415
You cannot. If the owner is not competent to make decisions and hospice is a clear indication that they may not be. It's even doubtful that the Lender can foreclose. Until the owners estate goes through probate you will have to deal with whoever has power of attorney or once the owner passes you will have to deal with the estates executor.
Post: Question for Oregon Property Managers out there : Deposit refunds

- Specialist
- Owings Mills, MD
- Posts 485
- Votes 415
. hole in the back yard . OK I'll give you this one . T&M plus 15%
. dog ate a hole in the carpet (which needs to be replaced anyway). Seriously you have to ask ?
Post: First Contract for Deed

- Specialist
- Owings Mills, MD
- Posts 485
- Votes 415
@Lam Chuol
If the estimated value is 144K , why would you pay 200K for it ?
Post: First Contract for Deed

- Specialist
- Owings Mills, MD
- Posts 485
- Votes 415
Your realtor is in business to make money. If clients don't look, make offers,buy, then you are not a client, you are a "looky -loo" or a "tire kicker". A good agent evaluates his clients and works with A-B clients. He is basically telling you you are a C-D client and he wants you to get off the pot and make an offer.
Just because you are quoted a price does not mean that you have to buy at that price. Run your numbers and make an offer based on the analysis.
So get up go look at the property and make an offer.
If you are not ready to buy tell your agent and tell him a reasonable time frame when you WILL be ready to look and buy.
Sounds like you have a good agent, don't make the mistake of giving him an excuse to fire you.
Post: Builders Risk Policy for Flip NEED HELP

- Specialist
- Owings Mills, MD
- Posts 485
- Votes 415
@Joseph OHare
I've used State Farm>
https://www.statefarm.com/small-business-solutions/insurance/business-owners-policies/builders-risk-insurance?cmpid=ps:Google:Small%20Business:NB_Category_Insurance_Exact:Builders%20Risk:builders%20risk%20insurance:Exact:NB&gclid=EAIaIQobChMIwOjxj5Cm5AIVibWzCh3s-gxDEAAYASAAEgIoDvD_BwE&gclsrc=aw.ds
Post: What is more importabt to buyers?

- Specialist
- Owings Mills, MD
- Posts 485
- Votes 415
@Gregory Jerome
There is a buyer for every property.