All Forum Posts by: Bob B.

If it's in that bad of shape is it worth insuring?  Why would you be insuring it?  

Did they inherit the house?  Stepped up basis?

You need to have a frank discussion with her about how an eviction will affect her ability to obtain a nice home in the future will moving on her own will not.  Your first loss is your least lost.  Get a paying tenant in the property asap.

Ask them how they feel about free college tuition and health care.  Their answer will answer the question you just posted. 

@James Sun What does your lease state as a penalty for breaking the lease early.  Mine states they are to give me 30 days notice and pay 2 months penalty.  In any event you are required to attempted to mitigate your losses by renting the property ASAP and you should be able to sue for loss rent, past due rent and damages.  I just received a judgment in December under similar circumstances and will get my money.  Note that Georgia is a LL friendly state and you can collect on a judgment via garnishment, attaching a bank account or filing a Fifa in the real estate records.   It might take awhile but you can get your money if they stay in GA and don't go BK. Most magistrate courts are helpful.  You might talk to a local Attorney, especially if your lease allows Attorney fees.  Make sure you send the deposit disposition letter out in timely manor and send it certified with return receipt (check with the PO for exactly what to use).  You will be able to find their new address. 

You don't need an agent.  Use the simple form and add the inspection clause.  Close with your attorney and have the closing attorney hold the earnest money.  You can do a quick (free) title check to get comfortable with the ownership before going very far.  The title info is on the county tax accessors website and the seller should be able to provide loan and or tax records.  The attorney will do everything including provide title insurance.  I'll be glad to share the purchase agreement I use and you can add the inspection-due diligence clause.

Dose hIs his name start with a M and end in a s?

Never too old.  I'm 67, bidding on an auction house today for another rental and waiting on an eviction to close on a flip.  I'd rather work on a flip than go to the gym. 

My houses do not know there is an election ( I don't let them listen to CNN) and the rents will still be paid.