All Forum Posts by: Marc Winter

#1 Inspections.  #2 Lease clause re smoking/vaping #3 (see #1)

The Governer Of OR has taken the following actions  

"On Monday, the governor said through a new executive order, residential evictions for non-payment and other no-cause evictions will be on hold until December 31, 2020.

“Every Oregonian deserves a warm, safe, dry place to call home,” said Governor Brown said on Monday. “Since the Legislature passed House Bill 4213, thousands of people have been displaced by massive and devastating wildfires, and the global pandemic continues to make it difficult for many Oregonians, including Oregon’s veterans and many families with children, to pay rent, through no fault of their own.”  (Credit KATU.com)

So by now, we all know the routine--it's not the tenant's fault they can't pay, so put the financial burden on the landlord.  We understand the rent is still due and payable, but even if the tenant does not pay, it will be up to the landlord to go through l/t court or other collections post-moratorium to sue for the money.  That is IF landlords get their constitutional rights of DUE PROCESS UNDER THE LAW restored.

Let's reimagine the process:  the state of Oregon pays the actual rent due from the tenant to the landlord as it is due.  Later, after the moratorium has been lifted, the state can collect the money owed by the tenant from the tenant.  

What?  The state can't collect?  No worries, just get a judgment against the tenant.  (Which is exactly what the State currently expects the landlord to do.)

To my way of thinking, that would be equitable.  

Your thoughts?

Please check with your attorney.  The reason for a Quiet Title action is exactly what you are trying to accomplish--extinguish the mortgage lien/claim on title to the property.

Start by getting a title report on each property, then contact your real estate attorney to review the titles.  Probably best to have your attorney start Quiet Title actions.  Once those are completed, you'll have clear title and can do what you wish with the properties.

In our area, the virus has actually increased the pricing and heated up the market.  Of course, crazy low-interest rates really helped.  

Go ahead and challenge.  But remember, there are three possible outcomes:  decrease, no change, or increase.

Good luck.

I'd recommend against making them that offer.  It's nice of you, however, if they already said they made other arrangements, I'd let that stand.

Enough stuff happens with regular tenants.  Seller-turned-tenant, well, who knows?

Just read an article about rents decreasing in college towns/rentals because of a lot of virtual classes = less demand for housing.

We've managed undergrad rentals before and will not handle them again.  

On the other hand, post-grads already got their partying out of their systems and are serious about getting that masters or doctorate degree--that would be the way to go student-wise.

We work only with investors.  PM me to discuss.

It is possible that they recorded the deed under an entity name, or transferred the title into an entity before listing the property.  Or, perhaps the listing agent made a mistake on the input of the listing.

Congratulations on the transaction.  

I'd disclose to your broker of record what you are doing, but there should be no commission, transaction fee, or other payment to your broker if it's not on the MLS.

Rinse and repeat!