All Forum Posts by: Michael Glaser

It's threads like these that would be perfect for a poll option. @Brandon Turner

As so many BP Podcasts have said, I don't look at this as a bad thing. It's a 'free' education on tenant screening mistakes as well as learning the ropes in my rental market on evictions. 

Without going into too many details, I'll jump to what's happening currently. I recently spoke with the Sheriff in WYCO, KCK and I have my eviction date of May 30th. I'm unable to get a hold of my tenant nor will any of his family return my calls. He did not show up at his court date, so the judgment went through.

Before the 30th I'd like to post something to his door along the lines of "You need to vacate the property immediately as the WYCO Sheriff will be arriving within the next week if you're still here"

In addition to that,  I'd like to post the judgment against him so he knows it's lodged with the Sheriff and it's happening.

1. If I can't reach him, is this my best(only) option?

2. Can I also add that he needs to make an effort to get a hold of me when he's out as he's liable for the house under contract? Is that legal?

3. Can I advertise the listing to be shown before he's evicted? *If the place needs only minor repairs 

Part of me feels uneasy about posting this on an open forum. If this is a bad idea, please feel free to knock me over the head and I'll as the MOD's remove this post. OR. If this sort of thing is better in the PRO forum as it's not public.

Thank you in advance!

Which power company?

KCMO. 

WOW

@Mike D'Arrigo ,

Where do you pull info like this? I'd love to be able to pull some KCK zips. 

I have a bank giving me a commercial loan on properties in the $50K range, which adds to my existing portfolio with them, yes. 

@Account Closed Unfortunately that doesn't really answer my question. Are you say putting it in at your asking?

I have a few REO properties I'm going to be putting offers in on tomorrow. I'll be getting some qualifying letters from the bank I work with on each. My question is, for negotiation purposes, is it best to get a qualifying letter in the exact amount of your offer? Is it better to leave some wiggle room in there?

For example:

If you're offering on an REO that's asking $50K. Your offer is $40K. Is it best to get the qualifying letter at $40? $42? $45? $50?

My thought is if you have one showing $50 the bank would just think "Well he can afford asking, so we'll stay at asking."

Your link isn't working for me?

I recently closed on 4 SFH's in KCK in a C- to B- neighborhood. As of last week they're all rented for the next year. 

I'm big on limiting the room for people to give an excuse about XY or Z of why they're late or unable to pay rent on time. Thus, I'd like to hear the downside of giving people text reminders such as:

 25th "RENT DUE SOON REMINDER"

 1st "RENT DUE TODAY REMINDER.

5th "A LATE FEE OF $?? HAS BEEN APPLIED TO NEXT MONTH'S RENT"

Is this too much hand holding or am I missing something?

Also, does Buildium or other rental software apps have something like this?