All Forum Posts by: Sandy Uhlmann

I recently acquired a mobile home on land in Muncie, IN via a note gone bad that I was forced to foreclose on. There are currently tenants in the place that paid rent for one month based on the previous landlord rate then stopped paying.  I have no lease with them. They received pay or quit then later just a 30 day notice to vacate.  They say they are in the process of moving this weekend.  (I will believe it when I see it) meanwhile, I get a delinquent water bill sent to me threatening to take me to collections.  I am making the assumption that tenant has been paying this in the past at least at some point as they were in the property for a few years.  It is a pay or be disconnected notice.  Is this bill my responsibility?  Also, if the water gets disconnected and they still have not vacated, can I get in trouble for this as in a tenant-landlord situation, I don't believe I could just have someone's water turned off?  I have emailed the tenant the bill and told her this is her responsibility.  

What should I do?

BTW:  Anyone interested in a mobile home on land in Muncie IN?  HaHa!

I would like some feedback about EVOLVE also. Seems like they do everything turnkey as long as the place is set up for a STR. I read their contract. Pretty stiff fees if you have to cancel bookings. I can understand this if you have to do this out of convenience but what if something major happens to your house where it is not livable-it appears that I still have to pay them twice their booking fees or $250. Can add up quick for something that may be out of my control? I need to check into this further.

Please join us for our November meeting for Jefferson City Real Estate Investors! Nick Pantaleo of Capital Investment Realty will speak about hot topics in property management including disparate impact in housing and emotional support animals. As always, there will be time to networks with other local real estate investors as well as time to share properties you have for sale or discuss what you are looking for; properties, funding, ect... We are here to meet each others needs!  

We hope to see you there!

Join other like minded real estate investors/entrepreneurs on Thursday, November 14th from 6 pm-7 pm at Keller William Real Estate Office. Nick Pantaleo, property manager at Capital Investment Realty, LLC will be discussing disparate impact in house and emotional support animals. This is a very hot topic that every landlord needs to be up to date on.

Also, be prepared to network and pitch your deals and wants/needs to the group!  The group is here to support each other and to help each other attain wealth through various real estate vehicles.

Join other local real estate investors as we network and learn from each other.  No matter if you are new or experienced, if you invest in Single Family, Multifamily, Commercial, Notes, Tax liens or Private Lending or anything in between, this meeting is for you.  We meet the second Thursday of Every month from  6 pm-7pm.   We usually have a brief educational presentation (no real pitching of products, just informational)  This Thursday, Ron Lacy will be speaking about evaluating investment properties for organic contamination.  Anything from mold to meth and how to proceed.
Learn why Ron Lacy thinks local RE investors should buy any mold infested properties that they can get their hands on!

Network with other Real Estate Investors and service providers in the Mid-Missouri Area who can help you better manage and care for your properties. If you have properties that you want to sell, properties you want to buy or deals you need funding for this is the time to pitch your needs to the group.
Whether you are a newbie or a seasoned investor, JC REI can help you learn how to grow your wealth through real estate.
Group meets the second Thursday of each month from 6-7 pm at the Keller Williams Real Estate office at 2418 Hyde Park Rd. Jefferson City, MO. The event is FREE!
Join us October 10 from 6-7 pm.

Ron Lacy from Mid-America Restoration and Remediation Services will be discussing the evaluation of investment property for organic contamination. Topics covered will be mold, water, sewer, odor, meth contamination and bat and pest issues and some inexpensive but useful tools you might want to invest in.  Learn why Ron thinks investors should buy every mold infested property on the market!

Jefferson City REI meets the second Thursday of every month from 6-7 pm.
Join Us!

I need to find someone that does mobile home repairs in Muncie IN.  I have called/left messages for all the park managers in/around the area asking for recommendations.  No responses.  If anyone can connect me with someone that is skilled in repairing mobile homes in Muncie, it would be much appreciated.  Requires the normal stuff: Repair of soft floors, replace doors, caulking around windows, ect....

@Chaston Farris @Jane Beetem @Jonathan Sumner @Brian Simmons

Thanks for chiming in! Jane, the rehabbing older home group sounds great too! Just to let you guys know, that we will be having a REIA every second Thursday of the month at 6pm at the local Keller Williams. It is FREE. Short presentation that is of value to investors, intros, ect. Hope you can make the one this week!

I recently acquired a mobile home on land in Muncie, Indiana.  I had a purchased a note from the now defunct American Note Warehouse and all was good for several years until borrower stopped paying and I was forced to foreclose and ended up taking back the property at a sheriff's sale.   It currently has renters in it that have been there for several years and would like to stay.  The Mobile home has some issues (mostly soft floors, ect....) that previous landlords had promised to fix but never did.  The current lease is month to month.  

I am not quite sure what I am going to do about this property.  I guess my exit strategies can be to fix it and continue to rent it, sell it outright or owner finance to current renters who have expressed interest in doing so.  In any case, I am going to need to find someone who is local to the area that can fix mobile home issues.  If anyone knows of a cost-effective, honest handyman that repairs mobile homes, that would be fantastic and would be much appreciated.

Thanks in advance for the help!

Sandy

@Jeff S. Thanks for the feedback. Yes, I do understand that there can not be any prohibited parties involved and all returns will be returning to our IRA accounts. My IRA provider kept insisting that everything had to be divided in the percentage of the amount invested-period. I finally got to speak to a rep from my IRA company that did confirm that the interest and points can be divided based on the JV agreement.