All Forum Posts by: Melissa McGuire

Hello Dann,

I don't know if I'm out of step here but I'd like to throw our hat in to the lending ring. We are a commercial lender in northern California.  We represent high end investors. Our president has over 30 years of lending under his belt. And we pride ourselves on having a one on one relationship with our clients. In case you find some interested parties please keep us In mind for lending services. I'd love the chance to show you how the best in the industry does it. Hoping you are successful in all your future endevors . Thank You for your time

Sincerley

Melissa McGuire

missie@vanderbilt-lending.com

Hi Curtis,

 I know you were looking for owner financing offering, but I think we might be able to offer some very interesting loan programs. We have several that can have funds to you in about 2 weeks with great rates. We are a small commercial lending company but have more than 30 year of lending experience.  Just a thought. Please keep us in mind. Hope to hear from you in the near future

Sincerely

Melissa McGuire

[email protected]

 Hi,

I am offering financial options should you find a buyer in need of a lender who can get the funds to them in about 2 weeks. We have great rates and pride ourselves on one on one customer service.

We would love to speak with you. Please contact us at the email below

Sincerely

Melissa McGuire

[email protected]

Hi

My name is Melissa and I'm with Vanderbilt Commercial Lending. Our president has over 30 years in high end investing. We are a small but mighty lender who prides itself on one on one service. I believe we could help fund any offering you have now or in the future. Could you email me at the address below so that we may talk. I'm looking forward to hearing from you.'

Sincerely

Melissa McGuire

[email protected]

Hi we can help. Please send me your infor so we can get you started on your project. We offer great rates and can have funding in 2 weeks. my email address is below Thank You hope to hear from you soon

Sincereley

Melissa McGuire

[email protected]

I'm pretty sure theres and fha loan program that allows you to live in one of the units and do the work yourself. I'm not sure what the title of the loan is called. But if you call the national information clearing house in DC they know just about everything there is to know and if they don't by gosh they sure know who to send you to. Also I'm not sure if theres a  rural part of Buffalo but if there is you can also speak to rural housing authority. They have a lot of low interest loans available as well. I'll look over some of my notes and see if I can find the number of the loan I was talking about.

theres a loan program for multifamily offering that super cheap as long as one unit is occupied by the owner.  You mentioned that theres quite a bit of rehab needed. If you lived a unit while rehabbing it you would qualify for the fha loan. Just a thought

Instead of charging a late fee perhaps word it like this. Rent is 750.00 and is due by the 10th of each month. If rent is paid  in full by the 5 th of the month a 25.00 credit will be given towards the next month rent.  I know it seems silly but if you are charging say 700.00 a month anyway you wont be losing anything but it gives the tenant an incentive.  It's just a thought.  This way if rent isn't paid by the 5 th the late fee is already built in. If on the 11 th rent is still not paid the post the 3 day pay or quit or whatever you have in the state your in. Best of luck

You should absolutely go to the section 8 office in person.  It may due you some good to even contact the main office in DC.  Section 8 is a wonderful program that helps low income people obtain decent rentals at a price they can afford.  In return for renting to a section 8 participant you are give certain considerations.  I know that if you include utility's you will be able to charge the max amount of the rental.  As for the lawn, it's in your best interest to keep up the  lawn, like someone said look into a lawn service to do the mowing and add that to the rent. When you get a new tenant  in the rental, offer a small stipend to the new tenant if you don't want to hire a lawn care service. 30 dollars is a lot of money to a lot of people. Of course these are only suggestions, but I know landlords who would give there eye teeth to fill there rentals with section 8 tenants.  It's just a matter of screening and what kind of tenant your looking for. If you find a tenant that's a good fit for the rental and the rent is guaranteed what more could you ask. Just one persons thoughts'. Best of luck to you. 

In California there is a civil law called the Implied Warranty of Habitability. ( California Civil Code 1941.1) In part it states that a rental must be free of pest have heat running water plumbing windows doors etc all in good working order.  The tenant could take you to court for a breach  of that law.  It's my understanding that in Canada the courts side with the tenant a lot of the time. If there's any kind of law on the books in your neck of the woods TREAD VERY CAREFULLY FRIEND, God forbid the tenant takes you to court and on the morning of your hearing the judge and Mrs. judge have a knock down drag out over her dead beat brother and unfortunately YOUR A DEAD RINGER FOR THE DEAD BEAT BROTHER. Hey don't laugh it happens a lot more than you'd think. In which case you could be ordered to pay for her moving cost or whatever the judge comes up with.  If there are pest in the rental, take care of it which you  have, THEN explain that you will try to get another renter in and whatever time in June they occupy the unit you'll refund her. I think it's not unheard of that if you rent a unit you can pretty much expect to be there a minimum of 2 months first and last months rent.  She looked at the unit before moving in and didn't see signs of pest. AS for the other complaints she has, Take note and do your best to get her out and on her way without any big issues. It will probably be cheaper in the long run,Best of luck