All Forum Posts by: Raymond Yan

@Drew Sygit In my previous post, I noted that the PMC is also the wholesaler from whom I purchased the property.

I feel like I’ve been managing the property on my own until problems arise. It's at that point that the PMC steps in to connect me with someone who can address the issue.

I was going to sell the property back to the wholesaler a few weeks ago, but he backed out because of the tenant who wasn't paying rent. The PMC is aware of my intention to sell, so there's a possibility they may become less inclined to provide assistance since it doesn't benefit them in any way.

The PMC was supposed to link me with one of their eviction attorneys, but after our conversation two days ago, I haven’t heard anything from him. I ended up finding an attorney on my own and hired them today.

You're right about #3. I self-manage a property in California and have never worked with a PMC before, so I'm uncertain about what my responsibilities are compared to those of the property manager.

Thanks for the replies everything.

I'm new to the eviction process so I found an eviction guide for Michigan (https://www.biggerpockets.com/forums/697/topics/518334-michi...)

Since I'm not located in Michigan, should I hire an eviction attorney to manage the entire process for me or should I have the property management company issue the 30-day notice to quit?

 Thanks for replying.

1. Blight tickets: I doubt the tenant will pay since they're having trouble making the rent payments already. 

2. Eviction: PMC and I has been going back and forth about evicting the tenant. We wanted to give the tenant some more time since they recently lost their job, but I don't understand why the tenant is dodging the PMC's request to take photos of the interior. The tenants allowed the lead inspector and building inspector in at different times last month.

3. Certificate of Compliance:
- What do you mean making it more and more difficult on owners that do not get a CofC? You mean for eviction?

4. They were month to month when I bought the property, but I never increased the rent since they were good tenants in the beginning.

I already paid for a lead inspection and building inspection for the property via the city of detroit's website, so I know what the condition of the property is in and what repairs are needed in order to get it certified.

The wholesaler I bought the property from sent me the rent payment ledger and a notorized tenant affidavit of residence signed by the tenant. The wholesaler also has an internal property management team that I'm using.

I recently purchased a property in the Warrendale neighborhood of Detroit, Michigan about a year ago. The property currently has a tenant who is paying below market rent at $850 per month. While the tenant had a good payment history before my purchase, I'm unsure about their timeliness.

Lately, I've encountered several issues with this tenant. They have received two blight violations for failing to store trash containers properly, resulting in costs of around $400. Additionally, they have been late with their rent payments and did not pay for July. I learned that they lost their job but have secured a new position that started on the 29th.

The property management company has advised me to get the property certified as a rental, but it failed inspection. Given these factors, I am considering a few options:

1. Selling the property, ideally without the non-paying tenants.
2. Offering a cash-for-keys arrangement (what would be a reasonable amount? I believe market rent is between $1000 and $1,200).
3. Evicting the tenants and moving in to perform repairs myself while I explore Detroit, as I have never been there before, but this process might take a long time.

I would appreciate any advice or insights on how to proceed.