All Forum Posts by: Ralph Pena

The eviction will show as a judgement once the courts say so. And then report the debt to the credit beurus and maybe even a debt collection service. You may not get it, but if a future landlord screens them it will show.

tell them you'll terminate lease, but you won't return secuirity deposit. and they need to pay the last month's rent because technically you can sue for the rest of the term for the lease. Explain to them you'll be glad to help but they have a legally binding contract and if they don't want to do things your way and nice and smooth. You'll be forced to take legal matters which will effect their chances of finding a rentable place in the future not to mention blemish their credit report.

Hope this helps

i just jumped in the game. Bought a duplex via fha. got licensed. continued educating myself daily. and still hustling hard and staying active daily.

Now I'm curious as to how much you'll have to pay to not have a lien. And how can the subs come to you for payment when you had no direct relations with them.

Just stick with it if you're serious. there is money to be made out here. But it won't be given to you.

i see. watch some of the bp youtube videos. Yes start with those sites. they aren't as accurate, but they're close.

also try talking to the tenants individually try to work something out. Even if it involves you paying to get them out because you want to rehab their current residents.

usually i would tell you the lease goes with the land. but since it was purchased reo, that changes everything if i'm not mistaken. my opinion would be contact section 8 about have they been making payments or were. See who is and isn't. those who aren't get them out asap. those who are, try to get them to want to leave with a cash for keys offer or contact L and I on yourself, get them to shut down your home for inhability..... ( i prefer to keep the money coming in. but they may force everyone out.)

Contact property manage prior to closing and let them know if you close you plan to manage yourself. Mngmt is usually a month to month thing.

your local mls is the best. But if not just look at zillow and trulia