22 March 2020 | 10 replies
So due to such unforeseen circumstances, we are requesting a closing extension date from the Seller to allow us to obtain financing to get the deal done.
20 March 2020 | 8 replies
But due to the health crisis, I will let it default to M2M until the crisis is over, and crisis is over when the eviction suspension is lifted.during the M2M extension period they still have to pay rent, and if rent is short you will start applying the double deposit to the rent until the deposit is depleted.Hopefully by then the situation is better where they can move out and part way amicably.I don't think I would do showings at this time, and this is a most likely a moot point as more and more states are heading to close all non-essential businesses.
21 March 2020 | 6 replies
They're all sitting home anyway collecting paychecks from our tax dollars
8 July 2020 | 23 replies
I just wanted to point out, unless the deal is off the table I would stay in touch with the seller or consider asking them for an extension on the contract.
22 March 2020 | 9 replies
I had to go file a deed in person last week in Durham county and now on another transaction the seller I'm buying from is having to go to the courthouse to collect the data the attorney needs to close our transaction.
20 March 2020 | 6 replies
To determine whether the property qualifies for protection under the “grandfather” provision would require more extensive research of the historical zoning maps and more information about the past use(s) of the property.It sounds like the particular lender you mentioned is going to require you to take some action with local government before they approve the loan (whether obtaining written confirmation that the property is grandfathered, confirmation of re-zoning, or perhaps even simply a letter from Knox County stating that they are not going to seek to strictly enforce zoning with respect to the property might suffice).
21 March 2020 | 4 replies
I collect rents off the city lot...
21 March 2020 | 6 replies
Not replacing would likely make you in violation of any warranty of habitability and could negatively affect your ability to evict and/or pursuing collections in the future.
19 March 2020 | 3 replies
There seem to be two camps for landlords/PM strategy:Camp A: Proactively reach out to tenants with new policies and procedures to include eliminating late fees or payment plans, etc.Camp B: Collect more information as things are changing.
18 March 2020 | 3 replies
The real estate management company collects all rent, manages the online listings, and writes checks for repairs.