All Forum Posts by: Account Closed

Dents in a garage can be a pretty serious thing especially if they have to replace that door, and I didn't see where you denied causing that damage.

As far as the things you state you told the rental company about when you moved in. You should have documented them, because even if you were to go to court now it would be your word against theirs.

Here are a few things I would suggest when renting a place.

• Fill out a walk through form; if they don’t provide one make your own.
• Once filled out sign it and have it notarized (this will help validate the time frame in which you filled out the form from the date you moved in.)
• Make two copies and do two things 1) take one to the management company and hand it to them, and 2) send a copy certified mail and once the return slip comes back file it with your original walk through form (this proves someone in that office signed for that letter).
• Take pictures of any problems in the rental, with date and timestamp. Do this when you move in and when you move out.
• And of course when they do give you the final walk through form of theirs compare it and keep it on file. Make your disputes if it doesn’t work small claims court is always there and you have a nice file to show the judge.
• And clean some people don’t read their rental agreement thoroughly and will miss things like the fact that you will get charged X amount of dollars for every trash bag that is used and that amount can be expensive I’ve seen them be as much as $100.00 a trash bag, or that no matter what your going to be charged a redecorating fee even if you do clean.

Some people will tell you that some of these things are overkill; I think it is just smart business. Just like my job is to make money on my rentals, it should be yours to protect yourself from unscrupulous people.

I'll do it

what they actually hide in the trees, damn. when i was a kid they told me they lived in the high grass no wonder I never caught any.

rich colleague request sent

I'm in agreement with everyone that says take the time and go visit. If he is important enough for you to ask on a public forum what you should do then it sounds like you have some type of personal as well as professional relationship with this person.

And as an employee its says much more about the person I work for.

I worked for a restaurant in my home town, the owner was known for being their for his employees, when needed. In an industry that usually has anywhere from a 60 - 70% turnover rate his restaurant's rate stayed consistently at 30 to 35% which if you've ever known the industry you know that says a lot..

it's at the bottom of a person's post like my signature says something like. "and now you you have it" if you see that then you see my signature

as long as you have a garnishment order you might could. i don't know the laws regarding student loans and garnishments.

with that being said you would have to determine the lender that is issuing the check to garnish, and that could be hard since even the student doesn't always know the end lender that is doing their loan, they get the award letter sign the promissory note and move on.

your best bet would be determining where he banks and getting an order on those accounts.

I am not an attorney so don't take my advise as legal advise.

So I take it that your profile is wrong when it says you live in Denver.

Do the numbers work? Are their better deals to be made closer to you? How well do you know the market in Fresno? Is this property already rented, and if so what is the occupancy at so far? Is there any need for renovation on this property?

These are just some of the questions you should ask yourself. As far as property management you need to do as much due diligence to find one of those as you put into buying the property. Don't know anything about the area but do know there are plenty of people on BP from California they may be able to help with property management companies in your are.

I think it comes down to how comfortable you feel investing that far away. Are you going to have time to periodically check on your property, or is it going to be one that you never go to. There are some individuals on this forum that own property all over the country hell all over the world so they will have some good advise about investing far away.

I would definitely get what I put into it out at least. If he wants to be a baby about the situation then just let him buy you out at what your comfortable with but I wouldn't want to lose any money on this deal.

I would find the best way to explain to him that he is more than welcome to bring his attorneys into the equation but I would surely indicate that by the time he pays for their fees he would have paid much more than if he would just buy you out.

Ultimately you should do what you need to get out of this partnership since it sounds horrible. And let it be a lesson learned.

As I understand it. You currently receive no income from this property due to the fact that he put up all the cash and the money goes to pay your part of the purchase he loaned you, am I correct in this?

If so why not just take the money you have out of pocket invested add 5 - 10k to it; present it to him as an offer to buy you out of the property so that he won't have to worry about any problems in the future giving it to his son. Present it as well you can't really give your son the property if I own part of it, if you pay me x now I will be happy as opposed to paying me half of the worth of the property in 16 yrs.

Because even if you were to sell it today the majority of your money is going to him anyway to pay off your loan you took from him for your half of the property.