All Forum Posts by: Levi T.

Back in my 20' I was making millions running a tech firm I started... I got up at 10am-12pm.. stayed up to 12am-3am, did everything people told me not to do, and still got from point A to point Z.. fast forward 15 years, and I get up between 4am and 8am, still minting money.. I now use that time to read emails, drink a lot of coffee, ride bikes. mainly the last two. So clearly when you get up does nothing for success... The #1 thing I see, is that I'm hyper effective with my time compared to others. 

You have a signed document, and nothing else matters.  I would not even waste the phone call personally. 

Appraisers are a 3rd party outside of the deal that gives their somewhat educated view on the value of the home, which has absolutely no value to what it can sells for. It's just someone else tossing their hat into the ring to convince you or your bank, that you all not getting hosed on a price. Asking a real estate agent and running CMAs yields as good, if not better results IMO. If you don't like what your getting into, get out!

Im my experience, demand is driven by one core factor, jobs. People go to college for jobs, people move to cities for jobs, and move out if jobs dry up. The more jobs, the higher wages, the higher the demand, because people want jobs. 

There is also another side to the coin, you could see this in the housing collapse, once the market flushed out the owner who could not float a property in bad times, you seen the market hit a bottom as people just refused to sell or rent it for anything less, they would close the door and just keep it empty vs taking less. Banks and many others who could afford to do this, did that. Thus a floor in the market was born, even with the lack of demand you just where not going to get a lower price.

We do the same thing. Combination of automatic emails and application process from AppFolio, along with Google chat/Voice that lead back to the website. We fully automate the entire thing. Our agents just builk select the leads in the platform for their units once per day, and send them a templates email that ask the applicants if they want to meet on two set days and times, as well as outline the requirements, which really are just open houses. 

Agents show up at open houses, then back on their way in 30 minutes. Tenants go back home and complete the credit screening, while freaking out because 10 others showed up to the same private showing. Let the application war begin!

Cashflow problem, won't be a real problem till they can't cycle the cash quickly. Normally that's somewhere in 15+ days. Once they hit 20+ they are dead in the water and are just going to default. It's up to you, you can ride it out, or get them out

I'm with @Matt Clark, Kwikset is cheap, simple, and it's hard to go wrong. For a long time when I self managed I just keep old locks in a bag or bucket, grabbed one and went on my way. Then I started using new locks all the time, and finally I stopped managing and let others handle it. Now of days we just replace the locks and keep on moving. In fact, our leases charge it to the tenants on exit, as part of mandatory exit cost. Everyone gets a new locks (not a reused locks). This makes everyone happy they get a new lock, then pay for it on exit. It's a win-win!

It's more about key labels and organizing them so someone can find the right key when accessing the unit.

Like @Austin Fruechting said, tax records; on or off line... if it's owned by a LLC, then you need to look it up on the SCC website, do a skip trace if needed, etc. Sleuthing skills required.

I once was trying to find the owner of a 300 unit building.. All roads lead back to the the on sight PM office. Finally I plucked out a name of someone who had filed some paperwork that was not an attorney... That name was one of his kids, and from that, I was able to connect back to the guys entire life history via an obituary that listed his children's names, as well as find his home where his widow lives, which then let me skip trace all his kids addresses, and their many x-husbands, x-wives, and homes, to finally wrangle them into having a conversation with us about selling the complex. One of the hardest deals I have ever worked on. It took months to find everyone and paint the entire picture of who was the key players.

Checkout Zillow, if you can pull up the property you can then look at the Owner data. They provide a link back to the data source, which will have more details, such as mailing address. Good luck!

This is not legal advice... In Virginia, the military affidavit is just a form stating you have no knowledge of each defended in a suit is, or is not in the military. For example, I could put "Tenant is not military to my knowledge, because they did not disclose that that they are active military on their lease or rental application, or at anytime did they disclose such information while renting with us".  The courts will process that form and the defendant will have a chance to raise that if they are otherwise. Key element is to be truthful, and not make a false claim.

I think this is the form your looking for, I could be wrong: http://www.courts.state.md.us/district/forms/civil/dccv001f.pdf

 LMAO, my thoughts exactly!