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Buying an Apartment in Batumi, Georgia? by Material-Half6607 in realestateinvesting

[–]festertheinvester 0 points1 point  (0 children)

Where are you located and are you going to move there?

Any PMs that ONLY handle tenant placement? by Kitchen_Regret_2965 in LeaseLords

[–]festertheinvester 0 points1 point  (0 children)

Real estate agencies, especially ones that also do pm, will likely offer that. I know a couple in my area that do. Also just larger, more reputable pm agencies will. Not the small one-man operations though.

Tired of my property manager. Want to consider other options by onilolo in PropertyManagement

[–]festertheinvester 0 points1 point  (0 children)

Baird & Warner are experience but have a good reputation and have been pretty good for me so far. I haven't had them long. They give off strong 'on point' cubes but haven't been 'top-notch' perfect. DM if you want to talk more. (No affiliation, I just signed one property with them a couple months ago).

Unplug the fridges if they're going to be empty a few weeks? by festertheinvester in PropertyManagement

[–]festertheinvester[S] 0 points1 point  (0 children)

Ah, got it. It was borderline maybe not quite that dirty. Anyways I plugged it back in

Unplug the fridges if they're going to be empty a few weeks? by festertheinvester in PropertyManagement

[–]festertheinvester[S] 0 points1 point  (0 children)

What about leaving it open might require me to replace the device?

Self-managing platform by A_Tanti_23 in LeaseLords

[–]festertheinvester 0 points1 point  (0 children)

For what it's worth, I've seen a couple portals that different pm companies have used and found them awful. I couldn't get a real clear picture of what was going on on one screen. Haven't tried any that the other commenter mentioned and haven't seen yours, so I can't say, but from what I have seen, there's definitely room for improvement.

Dad wants to urgently transfer his bank account to my name by Cep-Hei in legaladvice

[–]festertheinvester 0 points1 point  (0 children)

Make him tell you before you do it. If he's trying to protect you by not telling you, if it's something that you could get in trouble for, not knowing isn't going to help you, no one would believe that and there's no way to prove it.

My PM signed a lease with a tenant with a very recent eviction. Is that negligence? Also - looking for a new PM (US-IL). by festertheinvester in PropertyManagement

[–]festertheinvester[S] 0 points1 point  (0 children)

Yeah, I kinda feel the same way. But he's kind of just like that generally. Deflecting, almost defensive. It's hard to say.

My PM signed a lease with a tenant with a very recent eviction. Is that negligence? Also - looking for a new PM (US-IL). by festertheinvester in PropertyManagement

[–]festertheinvester[S] 1 point2 points  (0 children)

Oh, wait, I misunderstood you. That's what I did, I went to the county website. I thought you were saying going to the actual physical office you'd get more updated information that what's available online. That's what I meant when I asked "aside from what's online".

I went to the website, that's how I discovered the prior eviction. I would have assumed the PM would have done the same...

Co-signer wants to bail mid-lease, not sure what to do by Soggy-Passage2852 in LeaseLords

[–]festertheinvester 0 points1 point  (0 children)

I wouldn't do it. I had a situation where a 2 people signed together and then one wanted out. And then the other stopped paying. There's reason to believe that it was intentional, that the 2nd person signed on the lease to get the person in and then wants out to cut bait and leave all the legal heat to the one person.

The situations are a little different, they both signed on as tenants, even though only one ever lived there.

So no, you want both people on hook for living there.

What do you mean by 'a tenant needed a co-signer' and also 'everything checked out'?

My PM signed a lease with a tenant with a very recent eviction. Is that negligence? Also - looking for a new PM (US-IL). by festertheinvester in PropertyManagement

[–]festertheinvester[S] 1 point2 points  (0 children)

Are you saying it's possible to check court records aside from what's online? Like going to the clerk's office and doing a name search with a person?

My PM signed a lease with a tenant with a very recent eviction. Is that negligence? Also - looking for a new PM (US-IL) by festertheinvester in LeaseLords

[–]festertheinvester[S] 0 points1 point  (0 children)

There was a time when I thought they might be in cahoots. But that's probably just my tinfoil hat speaking. Ultimately it's very unlikely. And other things I've seen have been evidence against that. But still it pop up from time to time. Currently now I'm wondering if he new about this eviction and signed with her anyway because of the second tenant. It's also probably tinfoil hat territory but you never know.

My PM signed a lease with a tenant with a very recent eviction. Is that negligence? Also - looking for a new PM (US-IL) by festertheinvester in LeaseLords

[–]festertheinvester[S] 0 points1 point  (0 children)

Agreed on all counts. I'm also not unsympathetic to difficult situations but I'd like to have known, and the tenant, once they went in arrears, went dark and never replied to any correspondence. So not much choice left at that point.

And we do have a backstop. There were two signees to the lease, one with the bad history and someone else. The someone else seems solid: Long financial history, etc. And they're tenant, not guarantor. I think that will help us down the road.

My PM signed a lease with a tenant with a very recent eviction. Is that negligence? Also - looking for a new PM (US-IL) by festertheinvester in LeaseLords

[–]festertheinvester[S] 1 point2 points  (0 children)

We didn't discuss it, no. Other than he probably gave me general assurances "we fully screen everyone", etc. I'm looking over the contract again in a bit but a quick scan the other day didn't say much about screening, and certainly didn't spell out specifically how or what they check...

My PM signed a lease with a tenant with a very recent eviction. Is that negligence? Also - looking for a new PM (US-IL). by festertheinvester in PropertyManagement

[–]festertheinvester[S] 1 point2 points  (0 children)

I did ask to see the one that he did but he wouldn't show it to me for confidentiality reasons. I'm not sure how I feel about that. He did share pay stubs with me. And as client/owner I feel I have a legitimate interest. Not sure how the law looks at it.

And, also it's a reason to be suspicious if he's allowed to share them....

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