All Forum Posts by: Karen Young

Find out who has the security deposits (seller, property manager) and verify the amounts with the tenants. Then make sure the deposits get transferred at closing. 

Hi Luan, yes I live in Lihue but buy in SC. Not sure if you want to drive from Princeville but the group is growing and it would be a chance to network. We have been meeting upstairs at the Beach Hut-great view but slightly cramped. 

Check out the meetup.com page for details

On one of the podcasts the speaker recommend NOT getting a RE license because it would increase your liability. 

totally agree with everyone advising to get it settled before closing. I was smart enough to verify rent when I purchased a property, but found out after closing that owner had the security deposit, not the property manager. Didn't get it transferred or get credit at closing and had heck of a time getting it. 

Here's a script to say: "It's obvious you are not happy here. why don't I do this for you - yada yada yada" (what ever you decide - I think the advice to let her go early is the best). You stay professional in your manner and conduct and come out looking like a compassionate landlord.

"What every real estate investor needs to know about cash flow" by Frank Gallinelli

@Justin R. - cool! thank you so much!

@Dave Toelkes - wow that makes it much simpler - thank you for taking the time to answer!

@Seth Macomber - thank you for your answer. I live in Lihue also. There is a guy starting a meet-up group for RE investors - would you be interested? The next meeting is July 19th. Check out meetup.com. Hope to see you there!

@Steven Hamilton II - let me see if I understand this correctly - determine the price per sq foot of vacant land in the area, then multiply that by the sq feet of land that the condo sits on? Or am I making it too complicated? thank you for your answer.