All Forum Posts by: Marc Winter

@Bruce Woodruff, I'm not sure if you meant to lock that particular breaker serving the 'charger' or lock the entire service panel.  

Can't do the entire panel--tenant needs access in case of any breaker tripping.

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Now that you've read all the advice on how to charge the tenant, how to restructure the lease, etc, it's time to take action.  

File for non-payment, abuse of utilities, and/or whatever else they've done; just be sure to get that tenant out!

Remember the one-word answer to this problem:
"NEXT!"

Wow, with the list you provided, I can understand your concerns!  Many of those items are unilateral (favoring the manager), and are not good business practices, imho.

Remember, any/all of those items on your list may be negotiated.  Don't give up hope on getting a good manager--keep looking until you find one that you feel comfortable with, then start negotiating on items you feel are over the top.

Good luck!

@Bruce Lynn is correct--I've bought about a dozen tax-sale properties and the title was always 'free and clear' of any other incumbrances.  

Unless there is some sort of 'improvement fee' or other transfer fee in the HOA's rules/regulations, they don't have a legal claim, imho.

@Jennifer Gill, unfortunately, the DNC law looks great on paper. But effective?  Well, not so much. 

Issue:  computer-generated random phone numbers for outgoing calls.  We can block all we want, the same entity will be using a new and unblocked number.  

Insidious.  

But with challenges come opportunities.  Maybe some AI pro can provide a solution?  

@Alecia Loveless is correct--tenants need access 24/7 to their electric service panel, water and heat, assuming those are individual utilities for each unit.  (So do emergency services!) 

Frame out the wall and use plywood for the siding.  Keep the wood (or sheetrock if you choose) an inch or two off the floor to not wick water.

Hi @Connor O'Brien, 

Using the words 'targeting' and 'Section 8' in the same sentence?  (I wouldn't use that first word at all, just me.)

To your question:  keep the listing at market rent.  You can negotiate price if necessary.

Hi @Nathan Gesner, does 'balloon' = 'umbrella' insurance?  I've used an umbrella policy to cover our rentals for some time.  Never used it.  

In 30+ years we've been sued 1x (legal blackmail over a tenant's drunken trip/fall) which the insurance company settled for $1,500.00).

We've been using some privacy tactics to keep our names off the county recorder and the target off our backs.

Further, we review our insurance coverage and premium annually, just to keep on top of any changes.

As with all insurance, it seems to be a waste of money... until you NEED it!

There is a set time for the agreement, so if you can't give 30--45 days for the agent to find you the right deal, or don't trust they can/will, then move on to the next agent.

By entering into an agreement with the agent they become your fiduciary, and as such will represent your best interests.  This has become increasingly popular after the suit settled 2024 with the National Association of Realtors regarding commissions and client representation.

see article:  

https://www.cnn.com/2024/03/15/economy/nar-realtor-commissio...

Good luck!

Feeling uncomfortable with sellers stems from some kind of fear.  Fear can be overcome with exposure.  Face the fear--get yourself in front of more sellers.

Little by little, your presentations will become more comfortable, and your success rate will increase.  

Don't focus on "no".  Rather be thankful for that "no" because it is bringing you closer to the 'yes' you want. Just keep going and moving forward.