All Forum Posts by: Account Closed

@Jerry K.  as an update - I can see the light at the end of the tunnel.  My attorney has indicated that he is waiting for the court to set a hearing date on the foreclosures earlier this week.  Tracking the case online, it looks like a hearing time has been scheduled for one parcel and we're waiting for the second.  It looks like I actually may have possession by the end of October/ mid-November.

As a point of reference - noticing began last February....we filed in court in May.  Notice of Foreclosure on the liens was processed by the Court in mid-August.

I have three - one about an hour and a half away and two multiple states away in Indiana.  All three have property managers.

My observation is the amount of maintenance/repairs depends on the quality of tenant and the quality of property manager.

My rental here in Colorado - I get a call about every three months.  Usually, it's when the city has posted a notice on the door indicating the tenant has not kept up with lawn maintenance and the weeds are greater than 3" tall.  The first time resulted in replacing the screen door closer (6 months old), the front porch light fixture (3 months old), giving up on two dead trees in the front yard I had planted 6 months prior, a roof leak, and drywall ceiling repair.  The second time resulted in roof replacement on the back side of the house and drywall ceiling repair (no indication after a full rehab that there was an issue with the roof)

My rentals in Indiana - regular repair/maintenance costs associated with stuck doorknobs, 5 year old furnace that won't fire, window panes that break mysteriously, etc.

Build the repairs and an estimated repair budget (based on age of house and quality of neighborhood/tenants) into your rental budget and you'll be fine.  I also recommend when you respond to your property manager, write the email, wait a few hours, tone it down and edit it, then send it off.  It will keep your sense of humor in tact and it will help with the relationship between you and your property manager :)

We are WAAAAAAYYYYYYY to early in the game to tell.  This will get hashed over again, and again, and then again, and even then, it might not pass.

I also suspect the answer to your questions is going to depend on how you hold your property (whether in a business or as an individual).

Only time will tell.

Thanks @Bill S.  I remember that case.  I'm a bit frustrated.  Something that started with this a couple of years ago (my house on the right)

Has turned into the removal of the fence separating the two properties (by the owner of the truck) which leaves me losing the foot of space between the privacy fence and the boundary fence.

Mitigating circumstances - the guy that owns the truck has a history of violent crime (kidnapping, sexual assault on a child, assaulting a police officer, etc., etc.) and my interactions with him have resulted in schizophrenic ramblings (i.e. the Vatican owns my property, all financial transactions are routed through the city of London, etc.)

I spoke with an attorney from this forum (a terrific help) earlier this week and I am weighing my options...the best being a 4 foot retaining wall along the property line with a 6 foot permitted fence to the front of the house.  Sadly, that will cost me money but it may be the best option.

@Wayne Brooks - I'll leave that for the appropriate attorney to decide....and I'll disagree with your comment.

http://www.nolo.com/legal-encyclopedia/who-can-cla...

...a relevant example of what I'm potentially looking at (I am "Jill" in this instance)....

"A hypothetical is useful here. Pretend that Fred and Jill live next to one another in Denver. There is no dividing fence or boundary between their yards. Fred builds a shed that is actually on Jill’s side of the property, covering about ten square feet of earth. Jill doesn’t say anything. Fred uses the shed as if it were on his own land. He does this for 18 years. Under the rubric described above, Fred can probably establish that he “owns” the land on which he was encroaching. Jill could have stopped Fred by asking, over those 18 years, that he remove his shed, or insisting that he sign a rental agreement. But Colorado courts won’t necessarily let Jill suddenly eject Fred after she sat on her rights for nearly two decades."

I've got fence/property line issues going on with my personal residence in Denver.  Curious if anyone has a recommendation for a real estate attorney in the Denver metro area that has experience with adverse possession laws and related disputes?  Thanks for your help.

Theft is theft.  What I would do is I would go and talk to the folks at the local police department and explain your thoughts/issues.  Then, I would tell her where and when she could pick up her final check.  Be sure to coordinate that with the detective looking into the case so the detective can be there as well.  This will document the delivery of the final check with a witness, and it will give the detective the opportunity to ask any questions about the situation.  If there is retaliation, police will already be involved and a paper trail will already be established.

When I last spoke to my attorney (last Wednesday) he indicated notifications were complete and he was waiting for the court to set a hearing date. Notifications took longer than usual because the two properties are owned by an LLC and the registered agent for the LLC is no longer in business - we had to notify via the Arizona Corporations Commissions which requires a 60 day noticing period rather than 30 days by statute. We still have no response from the defendant.

All that being said, I am patiently (or impatiently) waiting.  It's been a long process - we started last February.

I let my property managers deal with.

I recently had a tenant complain to the property manager about an ant hill in the back yard.  Property manager handed him a can of RAID and told him to deal with it.  I'm sure it would have strained my relationship with the tenant had I been there - especially seeing as I've received two notices from the city over a 6 month period about tall weeds because of his lack of doing yard work.  I think my comment would have been "Stop worrying about the F@%*)g aunt hill and go pull the D@*m weeds" but that's just me.  

To me, these things are worth the 10% rent fees I pay property managers.

 That may fly in Canada but here in the U.S., 18 U.S.C. Section 1956 specifically states that individuals are prohibited from engaging in a financial transaction with proceeds that were generated from certain specific crimes, known as “specified unlawful activities” (SUAs). Additionally, the law requires that an individual specifically intend in making the transaction to conceal the source, ownership or control of the funds.  It actually puts the person responsible for receiving the funds in a situation where they need to be sure of the source of the funds.

As an example, if I were to borrow from you directly, and you were laundering money, I would be held accountable for participating in your money laundering scheme.

The Vatican is in Rome.  I don't know Roman Law and it doesn't pertain to this discussion.