All Forum Posts by: Phil Earley

Hi Athol, 90% of our clients only own one single family investment property.  Our largest investor has 8 single family homes.   We focus mainly in the northern suburbs of Atlanta.   We are here if you need us.  Thanks. 

Ask current manager for the owner and tenant ledgers 

Contact current tenants to gauge their temperature and to see if they need anything. 

People will always need food and shelter.   The buy and hold business model is a pretty safe place to invest in if done right. 

Put yourself in her shoes.  How would you like to be treated and go that route.  It will work out best for everyone that way.      

Legally you can do both.  You will need to find a Broker that will allow you to do both.....which should not be difficult.  

A good place to start your search is narpm.org  The National Association of Residential Property Managers.  

Walking into their offices and meeting the staff  is the best way to gauge if they are a good fit or not before you hand over the keys to a huge investment. 

Whenever a tenant crosses the line with a threat like this, you immediately release them from the lease in writing so that they can move out immediately for their own protection.  Find out how fast they can leave.  This will either call their bluff or protect you in the court room.   If they don't vacate for whatever reason, they must sign a hold harmless addendum for the "asbestos poisoning" and agree they waived the option you gave them to move out no harm no foul.   Go on the offensive in a professional way.   

I think the agent listened to the seller and priced it too high. 

In my opinion, the Broker brought an applicant that was approved by your screening process. The Broker procured a ready, willing and able tenant that took possession. They earned their commission.

The court system will rule in your favor assuming the tenant isn't breaking the lease because the landlord is not fulfilling their obligations outlined in the lease and/or landlord tenant law.   The court system is there to protect all of us.    

Prorated warranties are customary for full service property management agreements representing the landlord, I haven't seen a warranty from a Broker representing a tenant.   

You may ask the Broker to relist the property at a reduced fee to show good faith.  Add in the courts judgement, you should come out fine, less the headache.  

In my experience, the court system in Georgia would not uphold this clause for a landlord in a residential situation.  

Tenants need to screen the landlord also.  This would be an automatic denial if I were a tenant.