All Forum Posts by: Matthew Lindsey

I'm offering on a property (SFH) that has a tenant on a verbal lease. I will need them to vacate in order to renovate and repair the home. Will getting the owner/landlord to give the tenant a notice to vacate form suffice instead of have them make the tenant sign a lease for a month then have to give them the notice to vacate form? I plan to have the owner make them fill out a estoppel already.

Thanks

@Nathan Gesner

Thank you for the reply. I appreciate your insight. 

@Henry T. and @Richard F.

I appreciate both of y’all’s input. Thank you for answering my question. 

Hi,

I have given my tenants the EPA Lead Paint Pamphlet and have had them sign the Lead Paint Disclosures previously. My question is when renewing a term lease for the same tenant, is it necessary to give them another pamphlet and make them sign another disclosure or will the one they previously signed the year before suffice? I keep records and still have the ones they signed before but I was curious to know how important it is to have them sign another one?

Thanks,

Matt

Hi, are there any lenders that offer cash out refinances on manufactured homes for investors, not owner occupied? If so what are some of the terms that you have seen and what are the manufactured home requirements?

Thanks

Hi,

Can someone point me in the right direction? I want to find the best type of attorney to help me structure my rental business as to help protect my personal assets the best. I have an LLC and an Umbrella policy that covers me personally and my LLC. I feel like I am not protected well enough to keep people from coming for my personal assets. I feel like I need a separate LLC for managing since I manage myself as well. I'm not sure what the attorney needs to specialize in, in order to help me out the best. Do asset protection attorneys and business formation attorneys go hand in hand? Also, maybe on a side note, better structuring may help me come tax time next year.

Thanks

Thanks @David Ramirez and @Ryan Lesley.

The property has only been on the market a few days and the bank will look at the offers in a day or two. I’m sure I will have to offer a little better than absolute worst case scenario if I have any chance of a winning offer. I have thought about contacting another agent other than the listing agent but I have done this in the past and got burnt by doing so. I have contacted an agent like this before which drew their attention to the listing and found out 6 months later that I lost the property to a investor that they often deal with. That’s the chance I take by going that route, unless I can find a new agent with very little clients/sells.  

Hi,

I’m interested in making a offer on a property out of state and can’t physically make it to the property in time to look at it myself. It’s a bank owned property that you can’t go inside of to inspect it. My question is for those that invest out of state, what are y’all’s strategies for looking at the property before placing a offer on it. No one can go inside of the property or is even supposed to walk on to the property. Basically sold as is like a foreclosure. Have you ever had a inspection company be willing to drive by or stop at the road and take updated pictures, possibly give an opinion based on exterior looks,  without entering onto the property? All I can see is what is shown on google maps/earth. Those aren’t the most up to date images. I like where the property is located but would like a little more insurance that property hasn’t since caught on fire or other. Im thinking about calling home inspectors to see if I could pay them to send me updated pictures and opinions? What do you do?

Hi, I’m starting to really look into buying foreclosures in my area in GA but I’m trying to run possible scenarios through my head on things that I might encounter. One question I have that I can’t quite find the answer to involves evicting. I’m familiar with the PTFA and having to allow a possible tenant with a lease stay for either 90 days or the remainder of their lease. I can tell a owner most likely lives in the foreclosure by looking at public records. 

My question is:

#1. What if  said owner creates a lease and leases the property to someone else living with them(if they are not family), would this still hold up and allow them to still occupy the unit?
#2. What if that lease they create, if it holds up, has a super ridiculously low monthly rent could anything be done about that?

Just trying to prepare. Hopefully I wouldn’t run up against this but I want to be ready. Also, I would not be trying to occupy the unit myself. Thanks

Thanks @Nicolas Biangel.  Do they actually pay what they claim on the schedule sheet or do they try to pay you less? I hear stories about having to try and get them to actually offer that amount to the landlord. Is HAD really picky on their inspections, and do they do one or two inspections per year? The way I read it they do two. If you have issues with your tenants does HAD actually help take care of resolving issues or could they care less once the tenant is in your property?  I’m just trying to figure out if our GA HAD is as bad as I read some other states are about helping the landlord take care of some problematic tenants. Or if the tenants start to tear up your place does that fall on us to evict? 

Thanks