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All Forum Posts by: Ryan Logsdon

Ryan Logsdon has started 0 posts and replied 117 times.

Post: likelyhood of actually receiving rent; via court

Ryan LogsdonPosted
  • SFR Investor
  • Los Angeles, CA
  • Posts 134
  • Votes 16
Originally posted by Dawn A.:
So that person will have a harder time trying to rent somewhere else, which is what they deserve if they stiffed you.

Dawn, I agree with you. But having gone through this, myself, I really only agree in principal these days. It's just not worth the time you have to give up to pursue the verdict. If only the system was streamlined.

Post: likelyhood of actually receiving rent; via court

Ryan LogsdonPosted
  • SFR Investor
  • Los Angeles, CA
  • Posts 134
  • Votes 16

I've only been successful in court in CA because the defendant had assets I was able to attach the judgement to. As Tom Goans mentions, that took another mountain of paperwork, and that paperwork had its own associated fees. Without that luck, it'd really be a worthless endeavor -- at least in CA. If you want to spend your time to make a permanent note on the tenant's history, go for it, but a favorable judgement is unfortunately no guarantee of payment.

CO sounds even easier than CA. If the defendant is a no-show in CA, you still don't win. The judge will reset the date once. Now if they show and you don't, you lose!

Post: Getting a house ready to be rented

Ryan LogsdonPosted
  • SFR Investor
  • Los Angeles, CA
  • Posts 134
  • Votes 16

Before you rent, photograph every surface in good lighting and high detail.

Post: stuck?,

Ryan LogsdonPosted
  • SFR Investor
  • Los Angeles, CA
  • Posts 134
  • Votes 16

Jonathan Perez, the decrease of $17k is only 16%. That's not much of a drop for someone who's stuck without many options.

Post: my first investment property

Ryan LogsdonPosted
  • SFR Investor
  • Los Angeles, CA
  • Posts 134
  • Votes 16

Miles Daileader you're starting down a great path.

The single most important lesson I learned when I was in your position was this: work with an agent who has a great deal of experience in the exact type of property you're buying (multi-fam 4-units and under; investment properties) and in the loan you'll be using. It's equally important to have a lender who knows FHA inside out if you take that route.

Good luck.

Post: Rent to Someone who is Breaking another Lease?

Ryan LogsdonPosted
  • SFR Investor
  • Los Angeles, CA
  • Posts 134
  • Votes 16
Originally posted by Tracy Price:
double deposits for sure

Depending on the location, this may be illegal.

It's time for a new coach.

Also, it doesn't sound like you're following your current coach's advice. From your story, you're not working with the homeowners, you're working with agents. You're still one step removed. And no agents have called you back simply because you don't offer them a smooth path to a sale.

Find a new coach, and figure out what you can bring to a deal.

Post: Laminate vs Engineered Hardwood

Ryan LogsdonPosted
  • SFR Investor
  • Los Angeles, CA
  • Posts 134
  • Votes 16

I think Joe is spot on.

And as a rule of thumb, investing with pennies will return you pennies. And that's all laminate will bring in return.

Laminate is cheap and anyone expecting their money to go towards a quality property will (or should) expect quality in return.

Post: Trademark question

Ryan LogsdonPosted
  • SFR Investor
  • Los Angeles, CA
  • Posts 134
  • Votes 16

Hector Perez one of the things I learned a long time ago when I was registering a TM is that you have to actively protect it. Also, there's a big difference between having a registered TM and having a TM. If theirs isn't registered, you basically have a little dog barking at you and a tall fence standing in between.

Post: Trademark question

Ryan LogsdonPosted
  • SFR Investor
  • Los Angeles, CA
  • Posts 134
  • Votes 16

Stephanie Dupuis thanks for the avvo link!