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All Forum Posts by: Richie Hutchinson

Richie Hutchinson has started 2 posts and replied 4 times.

Post: Getting Started Medium Term Rentals

Richie Hutchinson
Posted
  • Posts 4
  • Votes 1

Thanks for the input.  This is helpful. 

Post: Getting Started Medium Term Rentals

Richie Hutchinson
Posted
  • Posts 4
  • Votes 1

Hi Team,

I live in a community that has two major health systems, a strong banking industry, and several other strong sectors.  There appears to be good demand for mid-term rentals.  I have a home I currently own that I'd like to experiment with.  What do I need to consider to get started.

1. Best platform(s) are best to use to connect with renters

2. Tips for preparing the home

3. Other....

Post: Ideas For Structuring Financing

Richie Hutchinson
Posted
  • Posts 4
  • Votes 1

I am looking at a 5 unit property which should cashflow nicely.  

The purchase price is $400K.  The current owner still owns $175K on the property at a 4.2% interest rate.  What are a couple suggestions Y'all might have for structuring the financing?  

Post: Help? My Agent never gave me consumer notice, am I entitled to keep the commission?

Richie Hutchinson
Posted
  • Posts 4
  • Votes 1
Quote from @Douglas Gratz:

Hello friends,

Can you do this is one question.  Should you do this is another.  I am having a hard time understanding why you would not pay the agent their commission if they brought the buyer?  He ultimately provided the service you signed up for.  It seems to me that denying comission after the sale has been completed is not the most honorable of practices.  It may be legal, but it doesn't seem ethical.   

If the agent does not provide good service, quit using them, don't recommend them to others, and move on.  Ultimately it sounds like they provided the services you hired them for and in return should be compensated. fairly.

PS:  There may be many more details to this situation that I am not seeing in your question.  We all know these scenarios are complex.  

I am selling a piece of land, its under agreement and closing is in a few days. I have been wanted to fire my agent for a long while but I had no grounds, I just found out he never gave me the consumer notice when we signed out listing agreement.

Am I entitled to keep the commission?

If so how do I go about it? I am from PA

Thanks