All Forum Posts by: Susan H.

 Thanks!

 I'd be fine paying the commission. Appreciate the insight!

 Good to know. Thanks!

The conversation was actually just a casual mention of a possible sale, but your point is well taken. Thanks!

(Cross-posted to local RE forum)

I've been communicating informally with a person who lives in my neighborhood. She's a Realtor and co-owns (with son) a rental close to one of my own. She's thinking of selling (not yet on MLS) and said she'd give me a selling price after running comps (reasonable). Her quoted price was right in line with comps and I told her I'd like to schedule a time to see property with my agent. She then said she was not going to pay any Realtor fees and would go FSBO. Said if I wanted to involve an agent she would quote a different price.

Is this a normal practice?

I've been communicating informally with a person who lives in my neighborhood. She's a Realtor and co-owns (with son) a rental close to one of my own. She's thinking of selling (not yet on MLS) and said she'd give me a selling price after running comps (reasonable). Her quoted price was right in line with comps and I told her I'd like to schedule a time to see property with my agent. She then said she was not going to pay any Realtor fees and would go FSBO. Said if I wanted to involve an agent she would quote a different price.

Is this a common practice? 

Some might find this latest news article interesting. Quoting a few bits here:

"...Due to the irregularities noticed by the Check Commerce, it suspended eCheckit’s ability to submit further transactions.

It also notified eCheckit merchants of its decision to hold onto the existing $4 million, which it stated it had the right to do under the terms of the merchants’ contracts with eCheckit.

....

The company's bankruptcy filing by eCheckit, also known as CC Operations LLC, sheds little light on the source of the company's woes.

The court-appointed trustee in the bankruptcy case, Michael Wheatley, is working to parse the bankruptcy filing, which contains an unusual lack of information, Wheatley’s attorney Peter M. Gannott said.

“We are working diligently to try and find out all we can from (the filing) and are waiting to hear from the debtor’s attorney to set up meetings,” Gannott said.

He added that when a company works with a high volume of financial transactions, it can take a considerable amount of time to sort through the information."

There's more. You can read the entire article at http://www.eastvalleytribune.com/news/tempe-firm-s-m-dispute-sticks-landlords-nationwide/article_1efca9cc-bb6a-11e7-82e9-9b4f5df82688.html

This appears to  support ERP's previous (albeit delayed) explanations. It also sounds as though those rent payments are in limbo due to Check Commerce's freeze.  Will be interesting to see if the November rents are processed in a timely manner via the new bank. 

I just checked my rental accounts and see that the October rents were processed on 10/5 and the transaction fees were processed on 10/13.  My bank confirms they received the October funds on 10/5.  Now I'm curious why my payments were processed while others have apparently not been processed. 

I live in a university town with the same "no more than three unrelated persons" restriction on single family homes.  Multi-family and mixed-use zoned parcels, however, can go to four.  We're required to include this in our leases. See http://www.fayetteville-ar.gov/documentcenter/view... and http://www.fayetteville-ar.gov/documentcenter/view... for the exact wording.   Any chance the property can qualify as mixed-use?

Ironically, the current tenants in one of my homes is there because his old neighborhood was turning from homeowner-occupied to rentals and the landlords were renting to 4 or more students despite the ordinance. The result, inevitably, was that the majority of homes routinely had 6+ cars and residents. 

 Just learned that Rentalutions is accepting Bitcoin (see https://www.rentalutions.com/bitcoin).  Also found this: https://www.coinbase.com/merchants?locale=en-US and am now wondering if I should amend my leases to say "no Bitcoin or similar crypto-currency accepted."