All Forum Posts by: John Litzenberger

Good question and good information, I've wondered this myself, thanks all.

Good job!  I havent 1031 exchanged as of yet, but plan to in my next sale.

I ran into this with an old farmhouse I purchased back in the early 2000's.  The house was built in 1901.  The city began to grow up around it about 40 years later. 

A neighboring property was encroaching in a back corner of the lot about 3 x 10 feet or so.  Long story short, I allowed an easement to them as their property had been like that since it was built, some 60 some years.  If the encroachment has been there for a significant amount of time, 5 years or more without complaint, its hard to contest it anyways. 

Simply have an easement drawn up and move on, its 20 square feet.

Agreed.  Analysis on specific areas before building any relationship applies too.  You listed Colorado, very tough area now, too many people looking for a slice of the pie who have little experience.  The main realtor I use has stopped recommending properties in this area for close to two years now.

Cancelled my quickbooks last month.  Wasnt worth the costs for its functionality.  Keep it simple while your business is simple.

New insurance referral dropped insurance rates 50% on one property, 30% on another.

I doubt a clause like this is going to be in the lease.  If someone has language on a situation like this in their standard lease terms I'd be interested to see what it says.

Did she give a notice to vacate?  That in itself is what I think will lawfully determine this.

In the end, the amount of time needed to simply go through proceedings for a months rent, and then try to collect it from the landlord isn't worth it in my opinion.  If this is a large corporation it may make a difference, or if the landlord was that bad and a point needs to be made, then maybe.

Thanks for all the replies everyone. The LLC is in my wife's and my name.

Not to get more in the weeds, but she has some properties in her name, I have some in mine.  We'd like to put all the "business" properties under the LLC.  Mainly for the protection an LLC offers regarding law suits, etc.  Each of the properties have a due on clause as far as I can tell.

Mike and Soh, are you referring to the same type of deed?  Thanks again all.