All Forum Posts by: Robert Sarno

Thanks all for your inputs.  Much appreciated!!

Here is our situation.  We have what was a great tenant (husband, wife and son) for 16 months.   We were just contacted by the wife that due to domestic battery against her, the husband is in jail.   She is fearful of her life and wants to move far away quickly.  She also indicated to us that her husband will not be able to afford the monthly rent without her income.  Since the initial 12-month lease converted to a monthly lease in December, 2015, we are wondering what obligations we have to the husband in this case.  She has filed a no contact order against him.  We asked her to write us a letter explaining the situation, requesting immediate lease termination and that her husband is unable to sign the letter since he is in jail.  She is planning on removing all their personal items from the home including his property for us and will do the normal move-out walk through with us.  Is there something more we need to do to deal with the husband when he gets out of jail...not sure if he can afford the bond.  Any advice would be greatly appreciated!!!  Thanks,  Bob 

Thank you for the reply, I did post a few days earlier but could not find it anywhere to check on responses, therefore I posted it again. I will check through those blogs, thanks for your opinion on this matter. As I said, I do feel we are potentially missing out on good opportunities due to this concern.

We are buy and hold investors on the west coast of Florida (Pasco County). As with many areas in the country there are sink hole problems throughout different areas. Does anyone have advice as to how far away to stay from specific addresses that signify past permits to fix sinkhole, or potential ground settlement, issues. I know the insurance industry stopped the sink hole claims around 2011 (at least in Florida) due to an abuse of the repair privilege. As far as I can tell the "abuse" took place from 2007-2011. So homes that had permits pulled during this time may be only "cracks in driveways". We find good investment homes and when I search the permits in the vicinity I often find homes nearby that have current or past permits for ground settlement. So far, I have ruled out the home but was wondering if I'm missing out on good investment homes. How close should I be concerned? Thanks for your inputs.

Thanks everyone. Old post or not, it's always a concern and I appreciate the inputs. We recently paid a trash company to come and haul some trash away from a neighboring house (next to our rental) and the offending house was happy to have us help. It all worked out in the end.

We are buy and hold investors on the west coast of Florida (Pasco County). As with many areas in the country there are sink hole problems throughout different areas. Does anyone have advice as to how far away to stay from specific addresses that signify past permits to fix sinkhole, or potential ground settlement, issues. I know the insurance industry stopped the sink hole claims around 2011 (at least in Florida) due to an abuse of the repair privilege. As far as I can tell the "abuse" took place from 2007-2011. So homes that had permits pulled during this time may be only "cracks in driveways". We find good investment homes and when I search the permits in the vicinity I often find homes nearby that have current or past permits for ground settlement. So far, I have ruled out the home but was wondering if I'm missing out on good investment homes. How close should I be concerned? Thanks for your inputs.

Confirmed what I thought. Thanks so much for the quick reply.

Found a good house to flip but the house next door is in bad shape (vacant) and the house next to that is a Rental and the current tenants have a lot of junk in the driveway and on the side of the house. The rest of the neighborhood is good though. I am concerned these 2 houses will make it hard to sell and will result in a lower ARV. We are new and this would be our first flip. We are currently not considering this but want to know if we are being too conservative. Thoughts?