Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Tracey Marzich

Tracey Marzich has started 8 posts and replied 52 times.

Post: Why won't the banks "deal"?

Tracey MarzichPosted
  • Columbus, OH
  • Posts 52
  • Votes 2

Last week I submitted an offer on a foreclosure listing. The bank bought back the house for $34,000 at sheriff's auction and listed it for $48,000. It's been on the market for 60 days. I made a cash offer for $35,000 and they countered at $47,000. I walked. 5 days later they lowered the listing price to $43,200. I'm resubmitting my $35,000 offer but I can't help but have a bad attitude about this process.  Most likely they will counter at $42,200 and I'll say no again. The house will sit for another 30 days, they'll lower it to $36,900 and I'll buy at $35,900.  Why does the process work like this? Is it even worth it to a ask this question?

Post: Problem Tenant

Tracey MarzichPosted
  • Columbus, OH
  • Posts 52
  • Votes 2

@Marcia Maynard I just got off the phone with my attorney who said the same exact thing as you did.  Thank you!

Post: Problem Tenant

Tracey MarzichPosted
  • Columbus, OH
  • Posts 52
  • Votes 2

@Marcia Maynard technically the utilities never changed.  He said he switched the power to his name but when i called about it the power company said he didn't switch them.  Everything is still in my name.

I will use the techniques you have outlined here.  We aren't accessing the unit now since the work is done and I did give him proper notice, I called him and let him know when we'll be there and when we'll be done.  I know his things are in there because I can see them through the window.  I have been contacted by his attorney and they are claiming that he was not able to take possession of the property and they want a full refund.  Meanwhile his things are there and we can't do anything with the unit until this is all resolved.

Ok thanks.  

Anyone with Ohio Law knowledge can you answer if a tenant takes possession if he moves in his stuff but doesn't sleep there?  Thanks.

Post: Great GC in Columbus, Ohio

Tracey MarzichPosted
  • Columbus, OH
  • Posts 52
  • Votes 2

What is your work scope?

Post: Problem Tenant

Tracey MarzichPosted
  • Columbus, OH
  • Posts 52
  • Votes 2

He has access to it until August 12th based on what he's paid, yes.  We have already switched the utilities back into my name.  I will fill out a form and send it to him since I have not heard from him and his stuff is there.  

Post: Problem Tenant

Tracey MarzichPosted
  • Columbus, OH
  • Posts 52
  • Votes 2

Thanks to everyone!  I want to give an update-I did call previous landlord (it was the manager of the mobile home place where he rented and she said he was wonderful and always very timely with his rent (his credit score was VERY high).  This was his previous address.

I have asked him to write a statement explaining that he wants out of the lease (up to this point he has only told me verbally.)  I told him I need this to track the history of the situation and he told me more than a week ago he would mail that to me notarized (I didn't ask for the notary but he volunteered that.)  I have not received this, I still have his money and he still has a few odds and ends in the house.  I will be calling him soon to check on the status of his written document.  I do not have a new tenant but have had the carpet replaced and am going to start showing it.

Post: Problem Tenant

Tracey MarzichPosted
  • Columbus, OH
  • Posts 52
  • Votes 2

@Jean Bolger that's exactly right. He doesn't want some young woman calling the shots.  He was thinking he could move back from FL and live with his aunt (they are both about 65) and I think she threw him out. I am following all the advice. Some of his stuff is still in the apartment so he'll get his money back when he gets it out of there and gives the keys back.

Post: Problem Tenant

Tracey MarzichPosted
  • Columbus, OH
  • Posts 52
  • Votes 2

I did the background check-got his application Thursday.  I was able to talk to his references both Thursday and Friday.

You are right-I do feel like a desperate Landlord @Aly W. Ugh everyone has a sob story and I am a sucker.