All Forum Posts by: Tony Salemi

Walk away.....insurance this year is $3000.....how much will it be in 5 years?  or 10 years.  i avoid all flood plain properties.  Even if it's insured, flooded rentals are a major hassle.

Lesson learned on writing the lease info into my offers.  And I received permission to talk with the tenant after my offer was accepted along with my realtor being present.  I have done this before.  I don't think there are any laws against it, but maybe I'm breaking protocol.  Either way, I'll just add it to my offers in the future.

Thanks for the advice.

 I have no legal right to market the property.  But when it shows up on the internet for rent, I'll bet I get a response from the agent!!

I would either need to add a clause to the lease regarding closing (like a contingency) or not sign the lease until closing.  But that's only 2 weeks from today, so by the time I get a few phone calls and take a few applications, we'll be closed anyway.

Maybe I wasn't clear.  I'd love to keep the tenant in unit 1.  The place is in exceptional condition.  Tenant is quiet and soft spoken.  But she wants to move closer to her new job which is an hour commute.  The problem is that the listing agent originally told us the tenant wanted to stay long term.  Listing agent lied.  That is who i have an issue with. 

We are getting ready to close on a duplex at the end of January.  Originally the listing agent told us the tenant in unit 1 wants to stay long term and they had an excellent prospective tenant for unit 2 that wants to move in Feb 1.  None of this influenced my decision to purchase the property, but at least I'm cash flowing on day 1.

When I met the tenant in unit 1, she was already asking me if she could break her lease which ends in May.  Strike 2 (strike 1 was another half truth from the realtor for another thread some day)

Late in December I see unit 2 listed on Craigslist.  Sooo.... they don't have a tenant? Strike 3.

I personally called the listing agent to ask if I could just market unit 2 myself.  (especially sine they're doing a poor job)  Tells me about how she's been very sick.  (which I'm sorry to hear but has no bearing what so ever on the situation).  I asked her to check if they have a commitment from the prospective tenant and if not, I would begin marketing the rental.  That was 3 days ago.  Haven't heard anything.

Should I go ahead with the marketing?  I have no real way of getting into the property to show it unless they allow us in for a few hours or something.  Should I keep pestering the listing agent?  I believe she just won't take my calls t this point.  Any Ideas.  Thanks in advance for any and all suggestions.

 I don't want this to sound bad, but (some) tenants break all kinds rules set forth in leases.  I don't see how any language prevents that. 

 ....and this what BP is all about.  Investors helping each other.  What an awesome offer!

 The right deal on the right property is more important than the language barrier.  Do they have kids?  Many times the children are bi-lingual.  Other than that, I'd look into their rental history.  If that is good, you could always find a college kid looking to make a few bucks as a translator.  Or you could hire a professional.  You could even use google translator and send text messages or even voice.

@Anna M. Winter renting sucks.  I like your idea of a 16 month term.

I close on a duplex at the end of January with one unit vacant and dreading trying to find a tenant at that time of the year.  Seller's agent was promising that they had someone interested for Jan move in, but now I see they have the rental listed on CL......  So I'm right here with you.

Good luck and let us know how it turns out.

Anybody have issues where tenants take it upon themselves to change locks to prevent landlord or PM access?