All Forum Posts by: Kris Haskins

Question.  Since I'm in a tough situation, how does charging a double nonrefundable deposit sound?  Plus lease termination for smoking?  that my be a bit harsh..

yes yes, the evils of buying a bad property.  I think we all have done this.  My lesson learned;  Don't by small properties in a  bad area.  Just too early in my career to know it was a bad house. 

 That's a good point.  Never thought about the friends smoking.  I think I'm going to pass on this one.  I've actually never rented to a smoker so I have no experience.  In my 11 years, I've always just passed.  My mentor told me NEVER to rent to smokers and it has been good advice so far.  But it would be bad having a vacancy during the holidays.  

 Well, here's pic, oh by the way, thnx to all that chimed in...   It has new carpet and paint.  

I never thought about having to convince a judge, I thought I'd just end her lease.  I'm sure I can have a witness that can come and testify as well.  This unit always gives me a hard time...

I have a rental that's in a challenged area.  SO far, my best applicant is a section 8 tenant where gov't pays 90% of rent.  I visited her current home, where she's been for 7 years, and it reaks of smoke.  We agreed she would smoke outside if I approved her lease and also agreed to sign an affidavit to terminate her lease if there was smoke present during our quarterly inspections.  I typically pass on smokers but has anybody had luck with smokers only smoking outside?   

Ok BP, I'd like to share with you a story about a local rehabber that has a wonderful house on the market.  But the risks with this business are never as easy as just the house.  We all miss huge key points to a house from time to time and this one is just massive.   Let us all remember the house is just 1 aspect of the flip.  The neighbors are crucial too.  

There's a 50 unit building behind the house which you can't see from the street nor on the google maps.

video below... thnx

https://youtu.be/Ce1f8dQrqt8 

HEY BP, we still have a ton of short sales in our market in the Hampton Roads Area.  It's been this way for about 5 years, and it's going strong.  I was in Richmond recently and the short sales were low.  Please tell me whether the number of short sales in your market are high or low as I think our market is extremely unique due to the high volume of military.  I don't think the majority of US have high short sales like we do but I'm trying to get a feel for other markets?? 

wow, unreal.   looking fwd to the story

 that was a nice post. I'm not sure why there are so many judgemental investors here but I believe we all have our faults. My friend had so much cash coming in every month I believe he never thought it would stop coming. the older I get I realizemoney is a biproduct of your knowledge and how much value you bring to the marketplace.

are you asking for an insurance agent? Or are you asking for a good insurance company? From what you have written and the way I am interpreting it is I believe you may need a monthly vacant house insurance policy. If so we use national real estate insurance group they are getting some good exposure out here on the East Coast but I'm not sure if they offer coverage in your area. we also have monthly builders risk policies too.it is a wonderful real estate investor friendly company good luck