All Forum Posts by: Maria S.

I would go with B. A is judgment proof, and have a foreclosure. No skin in the game as far as I can see.

You can see if you can offer a credit for longer-term tenants (I am using the example above): mos 1-6 rent is $3500, mos 7-12 rent is $2500 ($3,500 - $1,000 credit per month for 6 mos of on-time payments), mos 12-24 rent is $2000 ($3,500 - $1500 credit per month for 12-24 on-time payments). Those will average out to the amounts Jon Reed mentioned above and you will get the higher rent if the tenant signs a long term lease and breaks it early.

Thanks, guys. This is a fairly new listing, so we will wait. We've dealt with stink before but never on that level. 

Long-time lurker, first-time poster.

We're looking at a bank-owned foreclosure. The issue is that even though the property looks to have been "cleaned" it stinks. Think litter box abandoned for weeks/needing a respirator to walk through all rooms stench.

The floors are laminate/vinyl throughout and will need to be replaced. The laminate has moisture damage in the middle of each floor. Looks like someone/something did their business in the middle of each room and left it to sit. The question is will the drywall need to be stripped or would an Ozonator deal with it? If yes, any tips or suggestions?

Also, in your experience, how likely are the banks to budge from the price they have listed it at?