All Forum Posts by: Vu Truong

Hey @Scott Mac, you’re right, and I guess if I’m going to go with the higher rent, might as well make everything look nice and etc. thanks for the response! 

@Daniel Wirth I did not know that, thank you for that information! 

@Tracy Streich this would be on the high end of rent. 

Thanks for the response and it does make sense, and I get it. I’m not opposed to it. I guess you can call it the frustrating steps of being a first time landlord with my first out of state rental property. 

Hey @Marshall Leipprandt thanks for the response and input! 

Yeah I asked them to give me an estimate but I think I’m just frustrated with the process. I have over 35 people on the wait list to rent my house, but she doesn’t want to open it up to be on the market until she thinks it’s ready. I just don’t want to have to pay the first few months of mortgage when my monthly rental income could’ve paid for it. 

So I spent probably about $7500 in cosmetic work and repairs on my rental, and my PM did a final inspection today and she said my house is not ready for rent due to the following reasons: 

1) Backyard needs grass seed
2) Sidewalk needs several repairs
3) All windows need screens

I don’t know the rental laws for Indiana, but I feel like these reasons are not a necessity. 

Am I wrong here or is the PM doing too much? Also, any other PMs in Indiana want to reach out to me so we can connect as well? 

Hey there,

I am going to close on a rental property soon and would like to browse around for repair estimates for my property. I have the inspection report to provide to you once we connect. 

Please message me so we can connect. 

Thanks!

Hey guys, can I get everyone’s opinion on my current situation? 

I made an offer on an investment property in Indianapolis, IN last week, and the seller (relocation company), counter offered back and I agreed to it. I even agreed to cut my inspection time down from 14 days to 7 days for them. 

It is now Tuesday and my lender told me he has not received the executive agreement from the seller yet. If they finished everything last week, I would’ve been able to lock up my rate at 4.85% ish with 25% down. My lender told me he even asked his manager to let me lock in the rate today before receiving the contract from the seller. My rate today would be 5%. 

A part of me is pissed and annoyed at how they’re doing business. They’re dragging their feet and I’m getting the short end here. You would think the seller would be motivated to sell. 

Are these red flags I should be aware of and just back out now? Or is this normal in real estate?