All Forum Posts by: Dale Dickey

@Jayden Hamilton if your overwhelmed with 3 units, buying a bigger multi will just bring more stress and headaches. More people in 1 building causes more dynamics to deal with. Im also finding tenants nowadays are way more disrespectful, have less morals and don't treat property's like they should. However, as a landlord, property manager, contractor, counsler, leasing agent, and all the rest, that comes along with it, I feel your pain. I currently have 23 units, (only 12 are multi's) and rest sf and I do everything myself other than the taxes. I also work a full time job of 50 hours a week. Thankfully I have a great wife that supports my adventures, but I am looking for a property manager right now as I just have to give up something and that is my thing to give up. I'm getting tired. Hang in there and keep on keeping on!!

@Lisa Cutshaw Oh no problem, just wanted to help the best I could.

I also found and put here for you the laws from State of Maine.  Hope this helps!

§ 14. 8. Notice Of Rent Increase Must Be
Given
When the lease is unwritten (a tenancy at will), the landlord can increase the rent only after
providing the tenant at least a full forty-five days written notice. A written or oral waiver of this
requirement is against public policy and is void. A tenant can sue in court and win back money
incorrectly collected by the landlord, with interest, and his reasonable attorney’s fees.36 If the lease is
in writing, then any rent increase can only begin after the lease term expires.
§ 14. 9. Rent Increase Limits
Normally, a landlord can charge whatever he wishes for rent. While it is possible that a rent
increase may be so extreme as to violate the “profiteering in rents” law,37 the new rent being charged
would have to be completely out of line with comparable rentals. Landlords cannot increase rents for
apartments that are in violation of the warranty of habitability. Again, tenants can sue for the return of
their money and their attorneys’ fees.38 A landlord is prohibited from charging more than a 4% penalty
for a late rental payment.39 By statute, rent is not “late” until 15 days after its due date.

   

Hey Lisa, This is what I found for ya.  If you go to Pine Tree Legal Assistance site,   ptla.org   is information geared for tenants and landlords from a tenants perspective.
If you are a tenant at will (no lease)

Yes. Your landlord must give you a 45 day written notice of any rent increase. If your landlord does not do this, you have two choices

1. You can refuse to pay the increase, or
2. You can pay under protest and later sue your landlord for the amount you were overcharged. You can ask the court to order the landlord to pay for your court costs and lawyer's fees. Or you can sue in Small Claims Court without a lawyer.

If you choose not to pay the increase, your landlord may try to evict you. More on evictions.

If you have a lease

The landlord probably cannot increase the rent during the lease term. Read your lease to find out if it says something different.

Hey Peter, Where is the house your fiancé is inheriting?  I am from there and have lived there most of my life.  I know the area very well and am also a realestate investor.  I'm sertion I can be able to help you in all these area's that your looking for.  My wife is a lisanced realestate agent, Im an ivestor and looking for deals all the time and know quite a few contractors in the area.  Private message me if you want and lets see how we can help!!  Thanks

Hey Mike,

  I am in the Skowhegan/ Madison area and use Kyes Carpenter insurance co from Skowhegan.  I have multiple different policy's for different properties.  They always set me up with good coverage and companies that work for some of my more "distressed" properties.  Foremost and American Modern seam to be the more forgiving company's for me. Give Estelle a call over there and tell her what you have. She's great to work with!!  Good luck!

@John Garcia Where are your parks located in Maine??  I am constantly looking for mobiles and usually can find private sales and also know a couple park owners in my area I might be able to find a few mobiles for you.  What are you looking for mobiles, beds, baths, lengths, age ect???  Let me know price ranges and specs and let me see what i can find.  You can message me if you would like. 

Well thank you guys very much!!  Nancy Eminem I do have pictures and will post some here later for you guys.  Michael Lee, who do you use for insurance provider if you aquire a property that needs total remodel where as just a vacant policy won't cover you for tgat.  I have used foremost but there very expensive for the small amount of coverage.

Hello BP world!!!  I love this site and it  has helped me in so many ways already.  I love the podcasts and all the info that is on this site!!! 

I am currently  a buy and hold investor of S.F.H. and a triplex that I love.  I take great pride in buying a property that is in need of repair, rehabing it to a nice home and renting it to great people that need a good home.  This year, a company that I manage bought a home to try the fix and flip game. So far we have done well on the rehabbing process and are starting to get the building back into looking like a great building.  I am excited to see the end results when it is completed.