All Forum Posts by: Nancy P.

I just wanted to add the importance of sleep.  About ten years ago I noticed everyone I know with mental health problems tends to be up all night and not sleep well.  Was going through a personal crisis and was up a lot at night myself.  Began forcing myself to go to bed by midnight ( working back in 30-60 minute increments from the 3 a.m. I was doing)....the difference in my thought process is astounding,  plus I am more likely to eat right and exercise if I wasn't up half the night.  Admitting that the Internet was as much an issue for me as it was for my teenagers was empowering.

 While I could certainly price it into the rent,  my insurance agent says the tenant himself has to apply and sign for it...again,  after the lease is signed.  Most of my leases are signed a week or so before move in,  so I guess that's when they could get the insurance.

I have three questions:

1.  My Illinois agent said they had to have signed the lease before they can buy insurance.  So how do you enforce since they will have already signed the lease?  Predicate the getting the keys on proof of insurance?

2.  If you require it but they don't get it because you didn't follow up,  does that protect you in any way in case of the fire or whatever?  Can it prevent them from coming after you because they failed to follow something required in the lease?  ( I realize a reason for wanting it is protecting your own policy such as a dog bite case,  I'm thinking more of the fire scenario where their own things are destroyed.)

3.  If you have several properties and decide to require it going forward,  but didn't go back and require it of current tenants (how could you if it isn't in the lease?),  could a tenant use that to claim discrimination?  Unlikely but I worry about that sort of thing.

Given the "support animal" situation mentioned above, I'm leaning toward requiring it in future.

Yep...which is why I only play if it's $250 million or more (and I notice that fact.)  Because if I win,  it has to be enough money to change our very unusual last name,  buy an island,  and hide from the hordes.  LOL

Currently living in Germany and we get (about once a quarter) a 3-page letter encouraging us to play the lottery. But a huge prize here is !000 Euros a month for ten years.  My German teacher says the biggest lottery here ever was under 2 million.  Interesting differences.

My husband  agreed to renew a tenant whom I wanted out,  for six more months, prepaid rent,  while I was out of town.  It was CASH $7800.  She was all kinds of crazy,  there was a BENTLEY in the garage at one point. (Worth about 3 times the value of the condo).  I raised all kinds of hell, the renewal hadn't been signed yet,  gave her the money back and videotaped her taking it as well as signing a receipt,  the police had to get involved to get her to move on her last day,  we gave her all of her deposit back despite about $250 in damages.  Money well spent.  Guess who got arrested for running a car buying fraud service?   Yep.  Crazy *****.  The more unusual they act,  the more leery I am.  No background check is a bye-bye from me.

Exactly. 

We put an offer on a duplex over the summer,  our agent said "warning,  seller's agent is a giant jerk".  And he was.  Waiting a long time to respond to us,  screaming mad if we didn't respond immediately,  despite the fact that it was known we are in a time zone seven hours later.  He actually texted my Realtor that my H and I were being *****.  That was the end of the negotiation.  I wrote a letter to the seller FROM GERMANY and told him why the deal fell through,  as I'm sure this jerk didn't tell him the truth.  I won't even look at anything this guy is selling now, no matter how good the deal.  Life's too short to choose to deal with trash like him.

The other benefit is a quick close,  which matters a great deal to some sellers and can lower the price.  We snagged a property on July 22 and closed on it July 3st.  He took 6% less than another offer with a September 15 close,  saving us $7000.

Well,  it's a federal/county governmental shared type project.  I don't think someone can just decide to have one of these types of projects,  it requires governmental involvement/approval/tons of paperwork.  I tried to search Section 8 projects here on BP and didn't get much.  I'm not sure in this political climate you'd be very likely to get more funds for the poor.  Here's the link of a person who has not had good luck and also no responses to HER post.  But maybe contact her and ask her how she got started?  https://www.biggerpockets.com/forums/52/topics/11394-nc-section-8-project-funding-shortfall

OK, when Googling "Connersville Section 8 housing" I saw a FCHA site that said that there are 5 "Project Based Section 8 complexes" there. So it's some kind of hybrid of the two things I discussed above. I think you'd need to contact HUD and your city council about getting permission to build or buy another one. It would depend on tax money available and need...are the waiting lists long?

https://www.housinglink.org/SubsidizedHousing/ProjectBased

Good luck.