All Forum Posts by: Kajal Aggarwal

Hi All,

We have a coin-op washer and dryer. Washer costs $1.50 and dryer costs $1 per load. Recently, the dryer coin machine got jammed and now the replacement accepts only $2. How should we inform about the increase in dryer charge to tenants? 

Thanks,

Kajal

Hi,

We are about to close on a multi-family property with an existing tenant. The tenant has an issue with one of the burners and the current owners are notified about it and they ordered a part for it which comes after we close the escrow. Now, in this case, who will be responsible for fixing the issue - cost of material+labor?

Thanks,

Hi,

We are about to close on a multi-family property with an existing tenant. The tenant has an issue with one of the burners and the current owners are notified about it and they ordered a part for it which comes after we close the escrow. Now, in this case, who will be responsible for fixing the issue - cost of material+labor?

Thanks,

Hi @Mal K.

I'm in a similar situation and interested to know what you ended up doing.

Hi all, 

My 2-month old tenant broke the 1-year lease and moved out of state for personal reasons. We were informed about this through a registered post which we received today. He said that we can take this month’s rent from the security deposit. 

Looking for suggestions on how to deal with this situation? I relisted the property for rent but what how should I proceed if I don't find a tenant within end of the month? 

Thanks,

Kajal

Hi all,

Our tenant has recently vacated. They have rented our home for 4 years and we have good relationship. 

They had 2 cats and now the carpet smells like cat pee. The carpet area is approv 350sq ft. 

Need suggestions on how to proceed now:

1. Should we replace the carpet and bill the tenant? or pay ourselves?

2. Steam wash and rent it out to the next tenant?

TIA

Thank you all for the valuable information. This will put my mind at rest. :)

@Roman M. - the new loan officer quoted the rate that covers closing costs.

Thank you for the reply @Jeff Dulla. 

The lender hasn't done any unethical. But I feel she took advantage of us.

I clearly mentioned to her that i'm looking for lower rate. We initially wanted to do 30% down and she locked 3.75% and 2,400 lender credits. The next day my husband met her in person and asked quotes in case the downpayment is only 20%. She quoted 4% and he wanted to discuss with me and get back to her. But when I talked to her the next day, she quoted 4.125% and no lender credits. By then we only had 3 weeks to close and I was too tired mentally after shopping around for rates. So, I just feel bad that we started at 3.75 and ended up at 4.125 within 2 days. Rates were not that volatile either in the market.

Hi All,

I closed on a property last week and the loan I got was 7/1ARM at 4.125%. The purchase price is 1.5M and loan amount is 1.2M. I had to agree for the higher rate under stressful situation as I was running out of time to close. But the higher rate has been bothering me.

Another loan officer suggests to refinance immediately and he is offering 7/1 at 3.875% and no-cost loan. Is it ethical to refinance immediately after closing? I would save $173 per month in the payment.