All Forum Posts by: Sam Zawatsky

@Nathan Gesner

In your experience, do inherited tenants always refuse new lease terms and cause problems? I imagine I would just give them a chance to comply with the property manager's requirements of renters insurance, credit score, etc. If they don't meet any of the criteria then I think eviction would be used. The reason why I am hesitant to evict right away is that they might get angry and damage stuff. How does an eviction generally work? Do the people leave once ordered to, or are police usually called to remove them? Do attorneys handle all this? Also, would I coordinate the same day with a locksmith to change locks and put a lock box on the door? 

@Arnie Abramson   The property is in Florida

Hello, I purchased a property from the tax deed sale auctions this morning and am looking to begin the leasing process for residents that have been living at the house. I am unsure of their status as paying tenants, but need to figure it out so that I can either collect rent from them or evict / eject and get new tenants. I have had zero contact with them so far, and I am unable to contact the previous owner due to them being in prison. Below is my very basic draft of the initial contact letter that I am thinking of sending. What do you think?  

Hello,

My name is Sam Zawatsky and I have recently purchased this property from auction. I am looking to communicate with you regarding your current status as tenants, status and details of current lease agreements, etc. Please reach out to me via text or call at (XXX)XXX-XXXX. I work with a team of professional property managers and would like to discuss options regarding residency with you.

I am looking into getting liability insurance, as a property manager in Illinois that I am looking to work with requires it from owners. Is this usually a requirement that property managers require in certain area, or is it just this property manager? Also, what is the usual price range for liability insurance? Any recommendations?

Hello, I am looking into purchasing properties from tax sales in Florida, and want to be able to search for liens, etc for free on the internet. Are there any good resources for this? Also, in the info below )found from the tax deed sale website), what does the USA -FHA mean as a lien holder? Would this lien get wiped out when someone wins the property at auction? Lastly, who would the applicant be? just the person who recently has the highest bid on the online auction? Or is it something else?

@Ned Carey@Arnie Abramson  I am investing in Florida

I am looking into purchasing properties from tax deed sales, and was wondering if you are able to cash out refinance these properties in a timely manner. Do you need to do a quiet title action lawsuit to be able to cash out refinance?

@Ned Carey So I should just research eviction laws in the state and county I am looking in?

I am new to tax deed sales and was wondering; how do you physically get the keys or access to the property once you win the auction, pay all payments to the county, and receive the tax deed in the mail? Do you generally have to get a locksmith to make you keys to the house? then place the keys in a combination lockbox on the door like a realtor would do? I do have friends or family in the areas I am looking to purchase in, as I am planning on doing this from out of state. Any knowledge or advice on this subject is greatly appreciated.

@Chris Mason My current rental property that I own was originally purchased with a homeowner loan. I lived in it for 2.5 years and then had to move so I rented it out. Could this be an issue, or no because I lived in it for at least a year?