All Forum Posts by: Patrick Britton
Patrick Britton has started 248 posts and replied 1405 times.
Post: Broker charging lease renewal fee for rental property

- Ann Arbor, MI
- Posts 1,509
- Votes 996
@Lindsey Clark don't forget to write a review of this agent on redfin, zillow, realtor.com, facebook, BBB, yelp, angie's list, etc., and then send the realtor a copy of these reviews. and dont forget to include this post some of the better replies like @Kyle J.
And don't forget to tell everyone on Facebook, Twitter and Instagram what this person is trying to get away with.
Unethical agents need to be weeded out.
Post: AMC asking for HUD waiver for septic tank distance

- Ann Arbor, MI
- Posts 1,509
- Votes 996
Post: DisHonest Property Management Company

- Ann Arbor, MI
- Posts 1,509
- Votes 996
@Kyle Smith dealing with a garbage PM is a lousy experience. Thanks for sharing. We need more posts like this so that we can all avoid mistakes, learn from one another and hopefully, put terrible businesses out of business.
Post: OUT OF STATE INVESTOR IN DETROIT

- Ann Arbor, MI
- Posts 1,509
- Votes 996
@Briyana Hawkins Hi! I'm afraid I know nothing about that area, but i might know someone who does. send me a PM and i'd be happy to put you in contact with a couple of people.
Post: OUT OF STATE INVESTOR IN DETROIT

- Ann Arbor, MI
- Posts 1,509
- Votes 996
@Desmond Dunn don't waste your money on an appraisal a this point, and only if you intend to refinance with a lender who will require it.
You'll be best served speaking with a number of agents/realtors. I would say at least 2, ideally 3 to 4.
Repetition is only good practice if you're repeating the correct moves. Repetition is useless (dangerous in fact) if you're failing to account for local customs, extra costs, restrictions or you're using now-baseless assumptions.
reach out to me and i'll put you in contact with a number of active, investor-minded agents in Detroit by tomorrow.
Post: Property Management: to outsource or not???

- Ann Arbor, MI
- Posts 1,509
- Votes 996
@Kenny McCray I would spend the time and energy trying to outsource the most time-consuming units. Sounds like your life is rather busy so time would be of greater value and importance than a few tax deductible expenses...
Post: Of all the places you lived, where would you move to right now

- Ann Arbor, MI
- Posts 1,509
- Votes 996
Freiburg, Germany.
Post: Looking for loan officer position with private/commercial lender

- Ann Arbor, MI
- Posts 1,509
- Votes 996
I am wondering if there are any private, commercial or hard money lenders who might be hiring.
Post: Seeking Property Manager

- Ann Arbor, MI
- Posts 1,509
- Votes 996
@Bassim Audi ask @markainley with GC Realty & Development.
Post: Why won't my investment property in Lincoln Park Chicago sell?

- Ann Arbor, MI
- Posts 1,509
- Votes 996
@Mike W. jeez...people here are excited to offer opinions, but I think there are far too few facts to provide a conclude the cause, or causes.
So let's ask some questions:
1. exactly how many showings have you gotten?
2. do they tend to spike after a price decrease?
3. what is the selling broker/agent commission?
4. how was the original list price arrived at? was there a CMA, what were the comps?
5. are your neighbors on your "side?" Neighbors can be your best friend or worse enemy. Maybe someone doesnt like you, or doesnt want you to sell?
6. what has been the feedback from other agents, specifically? no more, "it's the layout." you need details.
7. What do other agents think of the price?
8. is the condo FHA approved?
9. how long did the comps from the CMA take to sell and when did they sell?
10. any possible issues with financing?
11. ask the agents with buyers exactly WHEN the buyers decided against the property. that should provide a very good clue.
12. any special assessments you don't know about?
Sorry, those are all the questions I could think of in a few minute. I'm sure there are others. and the more questions we can ask, the more likely the culprit(s) will be found :)
BTW - it's never ALWAYS one thing and it's certainly never ALWAYS price.
Lastly, ask a lender if there's any complications with financing that property. You won't be able to sell it to someone using financing if they cannot get financing...