All Forum Posts by: Christopher Benjamin

 Appreciate your thoughts, AJ. Yes, I will make a note to circle back on this and provide an update when I have one.

 Appreciate your thoughts, Sean, including about the addendum regarding CHG's responsibility for the full term lease. The contact at CHG asked up front if we would consider month-to-month, with a 30-day notice to vacate. Obviously I'd prefer if they would commit to the full term of the lease upfront (particularly since I will be blocking the full term of the lease on their behalf), but wasn't sure if there was an industry standard in this regard, and if I could reasonably ask that of them.  

We have a short term rental on the Oregon coast that we flex to MTR in the off-season.  A representative for CHG Healthcare reached out on Furnished Finder about placing a doctor for 3-6 months.  I was just wondering if anyone had experience with renting to CHG Healthcare or other large corporate staffing agencies? One of my concerns is that I am a bit buffered from vetting the guest themselves, so it seems like there is a little extra risk there. Would you all still independently complete background check on guest (I'm leaning towards "yes" but wasn't sure if there is any pre-vetting that comes through CHG themselves. They also said that they (CHG, not the doctor) would be signing the lease- seems fine (I think) but curious if anyone thinks otherwise, or has any other thoughts/advice/guidance.

Many thanks!

Chris

Thank you for the advice, Lisa.  Most likely I'll need to seek some degree of financing.  I appreciate you laying out a bit of the process and for the lawyer recommendations.   We don't yet have a sales agreement (in final stages of casual negotiations) and then we can move on to getting things on paper. 

Thanks again!

Greetings!

I have been fortunate to have an opportunity to buy on off-the-market deal from a friend whom I trust in a win-win scenario. I am perfectly aware of the potential pit-falls of doing a large transaction with a friend but we have already agreed upon a price, which is contingent on keeping additional costs minimal, including no agents, an arrangement I am comfortable with. I do intend to have an inspection done and bring this back to the seller for conversation. 

I have never purchased property without an agent.  I've read a few different blogs on other sites about this but, honestly trust this website/community more than anywhere else.  Is there a separate thread anyone can point me to laying out the process? 

Thanks a ton!

Chris

Thank to each of you- @Chris Shepard, @Bobby Nilsen, @Robert A Garcia, @Account Closed, @al pat - for you additional thoughts and perspectives.  They have been clarifying in both the value the realtor can bring to the transaction but also the importance of the long-term, intangible benefits of investing in people and building relationships within the industry. 

Thanks again!

Chris

Thanks @Jacob Wathen. That makes sense to me too: including them but paying them for the value they bring to the process. Any advice on how to have the conversation with the agent on coming to an agreement on how much that is worth?

Thank you @Aaron K.. I would not say I have a firm understanding of all the paperwork but was planning on learning and involving appropriate resources to ensure it is being done correctly.  I do agree it simply may not be a situation where I can have my cake and eat it too. I appreciate your thoughts. 

@Marvin Hernandez. No exclusive agreement. Good things to consider and I particularly appreciate the reminder of not simply preserving but even investing in the relationship. Great thoughts and I certainly agree that, with a long term horizon, this not only is the right thing to do but usually pays off as well.  

Basic question of working with a realtor in Oregon:  I've been working with a great realtor to find an investment property. On my own, I found a good off-market lead I'm interested in pursuing. Do I have any obligation to involve the realtor in this deal or am I legally able to pursue this opportunity without their involvement (and commissions)? I want to ensure I am treating this situation with integrity but certainly would be a better opportunity if commissions were avoided.

Thanks to any who can shed some light. 

Chris

We did, and she thought it was overpriced as well. In interest of transparency, they are asking $240k and realtor thinks it is probably worth $200k.  With a stick-built mother-in-law attached, I think $200k is fair and certainly would cash flow as LTR and easily as a vacation rental.