Landlord Withholding Security Deposit in Bad Faith? Real Estate |
- Landlord Withholding Security Deposit in Bad Faith?
- Triplex is zoned as single family [AZ]
- Cannot Find Duplexes in my Area to Buy
- Why do so many listings have horrible photos?
- Opportunity for a piece of land with a mobile home on it.
- Worth it to form a corporation as new agent
- What is the most % you’d pay over a house’s appraised value?
- As a buyer, is it out of the question to request compensation for a problem discovered after closing?
- Are the estimates on Zillow worth looking at?
- [California] Is it a smart move to negotiate the sale price of a property by using the county assessor's net assessed value?
- I've heard people submit cover letters when buying a home. Can you post some anonymized high quality ones you've received or made that helped seal the deal?
- [CA] Question about when a seller can back out
- 203k loan - Southern NJ
- Landlords: How do you pay those who help with tenant turn over and maintenance appts?
- Appraisal question
- [PA] Insurance for water/gas/power line for investment properties
- How do I find a good realtor?
- When sale of my condo do I get funds by wire or check?
- Selling a house after just a year of ownership ?
- Need Tips on finding a good real estate agent
- 15 vs 30yr - Fixed or Variable
| Landlord Withholding Security Deposit in Bad Faith? Posted: 31 Dec 2018 07:53 PM PST My former landlord of 4.5 years is withholding my entire security deposit of $3000 for claims of property damages totaling $4400. She has deducted $1000 to replace laminate wood flooring which she claims was damaged from a plumbing leak which she stated I took 21 days to report. I advised her that she is mistakenly assuming my move out date (based on a typo in a prior text communication). I advised her that I could furnish evidence showing I was still occupying the property (i.e. utilities were still connected, my children where still enrolled at the local school, receipt of professional movers, etc.) and that she was notified of the leak within 24 hours of discovery, yet she continues to charge me for this. She is also charging me $1600 for denying her access to the home for marketing purposes. When she initially requested access to the interior of the home for photographs, I advised her via email that the property was in disarray because of packing and requested 3 weeks to finalize this and get the home in order. I inquired if this time-frame would work for her, however, she never responded after almost 6 weeks. 2 days prior to the end of the lease term/ returning the keys, she sent me an email inquiring if I was still moving and claiming she had not heard back from me since her email. After furnishing her proof that I responded to her initial inquiry for access, she later claimed that she and I had back and forth dialogue via email surrounding me denying her access and that in one of these back and forth emails, she advised me that according to the lease she could charge me $1600 for this, but I continued to refuse her access. We never had any such back and forth email correspondence and I never received any such emails. When I requested she show me proof of these back and forth emails, she took 2 days to finally forward me an email which included the usual "To-From-Date-Subject" section and body of the email. I advised her that I needed to see a screen shot of her "sent" folder or a server receipt (since I do not trust her) and informed her that what she sent me could have easily been fabricated (i even gave her an example by editing the date and time on her own forwarded message to show how this might have been done). I even provided her screenshots of my sent folder showing my response to her inquiry to photograph the home within 1 day of her request, and showed her both my deleted and span folder, noting no received or deleted email from her on the date she claimed we had back and forth. She never responded. She is charging me $800 to repaint the walls, claiming more than normal wear and tear. I have photo evidence that the walls were left in pristine condition. She is charging $400 for scratched paint on the surface of an old stove. She says the stove is damaged and she will have to replace it (with a white stove) however all features of the stove are working fine and she has re-leased the property with the same stove simply painted over (as noted on the MLS listing). She is also charging me 50% of the cost to replace all of the carpeting in the home due to stains and fraying. However, the carpet in the master was already fraying and damaged (iron burn mark) at the time of move in (which she acknowledged) and the remaining carpet had met the IRS time-frame for full depreciation and end of life. The carpeting throughout the house was exactly identical, so I am not sure if I can use this as an argument for the fraying carpet (right at the entrance of the door) in another bedroom (which I promise was like that at move in, but for one reason or another, I did not photograph this). My kids did a number with staining 2 of the other bedrooms, but again, I had rented the property for nearly 5 years, so she would have needed to replace the carpeting anyways. Do I have a case? Using the Bad Faith law, could I sue her for $12,100 (my security deposit + $100 + 3 times the security deposit) or is it only $9,100 ($100 + 3 times the security deposit)? This may seem extreme, but I am in utter shock at her malicious intentions. I was an excellent tenant, never paid late, gave her more than a 30 day notice and paid professional cleaners at move out, yet this is what she does! Renting from her have been extremely painful, with constant rent hikes, and her reservations/ blame when it came time to repair normal maintenance things (i.e. claiming I poured cooking oil down the drains and caused clogging in a 20 year old home). Also does Texas court acknowledge the IRS rule on carpet depreciation? [link] [comments]  |
| Triplex is zoned as single family [AZ] Posted: 01 Jan 2019 12:00 AM PST I'm looking at a beater of a triplex (3 separate houses on one lot) and property records show the lot is zoned single family. I'm wondering about the implications of this. Relevant facts: deal and rehab would be done in cash, so no external finance required. Can the city force a tear down of two structures if they notice a lot of work being done on them? Or are they grandfathered and "safe?" If I want to sell the triplex down the road, would the single family designation affect its resale value? [link] [comments]  |
| Cannot Find Duplexes in my Area to Buy Posted: 31 Dec 2018 09:39 PM PST I typically search on Zillow to see what's available on the market, but it doesn't seem to have a filter option for single-lot, multi-family homes like duplexes. Are there better real estate websites suited for these kind of investment homes? I would be a first-time home owner, and my intention was to live in one unit while the other unit would essentially pay for my mortgage. [link] [comments]  |
| Why do so many listings have horrible photos? Posted: 31 Dec 2018 08:36 AM PST I'm trying to buy a house. It's not my first house but the last time I bought it was before there were online photos. I am shocked and mostly disgusted by what I see in people's homes. There are some things like dirty laundry and air freshener cans in the bathroom that I just don't want to see. Most of the times I could have taken better photos at night with my old 1980s camera with one finger over the lens! Don't agents understand that good photos would sell the home quicker? [link] [comments]  |
| Opportunity for a piece of land with a mobile home on it. Posted: 31 Dec 2018 10:28 PM PST Still early in the process, but evaluating a deal for land with a manufacture home on it. Look to be getting the land for half of what it is worth. Owners were lease optioning the land to a tenant with a mobile home on the land. Tenant is way behind on the option payments, and the manufactured home is not in any kind of retainable condition. The owners of the land are investors who are short on cash and just want to move on so selling at steep discount. Land is worth about $40K, and I would be buying for $23K. Owner/investor says I can foreclose and demolition the dilapidated home, build a new duplex/multi-units on it and sell to investors as rental property for around $180K. (Not in great location for SFR) This is a new one on me. I am aware of the difference between manufactured homes that are "attached" and those that are considered personnel property (chattel). I have never done one that wasnt attached to the land though. I doubt the tenant can pay for removal. Are there other things I should be evaluating in this deal? Cost of removal? Is there a legal process other than foreclosure on the land/purchase option to get the manufactured home demolished/removed? (And Happy New Year!) [link] [comments]  |
| Worth it to form a corporation as new agent Posted: 31 Dec 2018 04:25 PM PST Is it worth it to form a corporation as a new agent versus being a sole proprietor ? I've read mixed things but they were older comments prior to the recent tax bill . I had read something about a change for agents with the new tax bill . [link] [comments]  |
| What is the most % you’d pay over a house’s appraised value? Posted: 31 Dec 2018 09:19 PM PST I'm a first time home buyer in contract with a pending appraisal, worried that my bank MAY approve a loan on my offer for 211K without trying to have it lowered to the house's likely value of 200K. I have 10% down payment at the moment. Anyone care to share thoughts? Seller's market in this town for sure. Thanks [link] [comments]  |
| Posted: 31 Dec 2018 08:07 PM PST I would think the answer is generally no. However, in my case, I have reason to believe the seller or seller's realtor intentionally hid damages I'm requesting compensation for. While inspecting the home prior to purchase, the agent had an alarm system with a keypad that had a grip that stuck on one of the windows. After closing, the realtor removed their alarm and upon moving in, I found a BB pellet hole behind it that was not caught in the inspection. Am I able to take any action to get compensation from the listing agent? [link] [comments]  |
| Are the estimates on Zillow worth looking at? Posted: 31 Dec 2018 05:57 PM PST I've looked around in this sub for a bit and it seems like every time this question comes up, it gets varying responses one way or another. My husband and I are looking to buy in the Omaha NE area. We are both military and want to use our VA loan. Ideally, we would like to have our mortgage (with taxes/insurance all included) come out to $1400 or below. We've been looking on zillow and have gotten a quote from a lender in the area and just want to make sure things we're looking at all the info correctly. I see that zillow auto enters the 20% down and all that, so we change that to 0 since the VA requires nothing down. There are no HOA fees in Omaha so that stays 0. The PMI and include taxes/insurance are selected (even though I think PMI isn't necessary with a VA loan?). So my question is, how accurate is everything once you edit the info? [link] [comments]  |
| Posted: 31 Dec 2018 05:11 PM PST I'm looking at a certain property and the seller is asking for $730K+, but the county assessor's site shows the property's value at ~$440K. Is it typically a good idea to try to negotiate the sale price down based on this information (as well as what they bought the property for originally)? It seems like good info to have, but I don't want to turn the seller away from me by doing so. [link] [comments]  |
| Posted: 31 Dec 2018 08:14 PM PST |
| [CA] Question about when a seller can back out Posted: 31 Dec 2018 10:01 AM PST Background info: I'm advising my brother on the purchase of a condo in California. We have a signed contract as of Saturday afternoon, they are depositing the earnest money check sometime this morning, and we have the inspection this afternoon. There is an inspection contingency, an appraisal contingency and a loan contingency. I'm not anticipating any issues with any of these because 1) the place is a fairly new condo that has been well maintained 2) we got a good price for the place 3) we've already worked with the mortgage broker to get preapproved for the loan. I bought a condo in the same complex about 6 months ago and used this broker for my loan, so I feel confident in his preapproval (but we still have the loan contingency just in case). I do not have a good opinion of the sellers agent. Through the negotiation process it was very clear that he does not know what he's selling, and was making unreasonable demands (like asking to close in 20 days - does he not realize that Jan 1st is a holiday and people are on vacation?). He also has not marked the listing as pending yet, even though he was asked to do so yesterday morning and said he would. Question: I am concerned that the seller's agent is still trying to shop around to get them a better price. This place was on the market for 4 months, and we're getting it at $75k less than the original listing price. If we have a signed contract, is there anyway that the seller can back out of the deal? The situation that I am particularly worried about is that we want to negotiate down a little bit due to issues that we find with the home inspection. If we start those negotiations, does the seller have the right to walk away from the whole thing at that point, or do they just have the right to say that they will not fix/adjust the price because of anything found and leave it up to the buyers to decide if that means they're walking away? I will also be asking their real estate agent these questions, but I always like to get multiple sources of information in situations where I am unfamiliar. Thanks! [link] [comments]  |
| Posted: 31 Dec 2018 03:48 PM PST Trying to find a lender that originates 203k loans in the area, used the HUD list and nothing came up. Any recommendations? Thanks! [link] [comments]  |
| Landlords: How do you pay those who help with tenant turn over and maintenance appts? Posted: 31 Dec 2018 03:43 PM PST I have a rental property where I do the all marketing, tenant screening, contracts, and everything that doesn't require a local presence. I have moved away and I am currently deployed. But I have a local realtor (the realtor I bought the house with), who helps me anytime i need to have the house shown, or when tenant moves out/in. As well with meeting with any maintenance agencies that require someone to be present. Once I get tenants confirmed for move in, I set the tenant moving out and the ones moving in with her contact info, then she meets with them to collect keys, look over the house, and turn over keys to new tenants. How much do I pay someone for this type of work? should I set a fixed amount for each showing, move in, move out, and maintenance meetings, then just pay her based on how many of each she does? if so what is a reasonable rate for something like this? [link] [comments]  |
| Posted: 31 Dec 2018 06:34 AM PST Hi there, I'm currently under contract to sell my 2 year old town-home for $240,000. The buyer's appraiser come in over the weekend and ended up appraising the house at $230,000, so now the deal hinges on whether or not they can make up the difference. After receiving the report I immediately noticed that the "Contract Price" on the first page says $230,000, meaning the appraiser did everything thinking we were under contract for a lower amount. The comps he used were also odd in that they were 5 town-homes at $140/sqft, $140/sqft, $159, $158, $160 with mine coming in at $139/sqft. We've contacted the buying realtor but the only response from them is "Oh we were worried the appraisal would come back low due to the comps!" with no mention of their use of the WRONG contract price at the beginning. They are using Quicken Loans to buy the house. Has anyone had a similar issue, or know of any recourse we can take? Our home is in good condition and the inspection only came back with 2 issues (fix a patch of carpet on stairs, fix weatherstrip on patio door) Thank you! [link] [comments]  |
| [PA] Insurance for water/gas/power line for investment properties Posted: 31 Dec 2018 01:44 PM PST Hi all, I have a water line that broke in one of my investment properties, which sucks. It seems (from what my property manager told me) that it is not cover by the insurance. He told me that such insurance are often offered to homeowner but not for investment properties. Do you have a special insurance for your properties? If yes, which one? Do you recommend to take one? Thanks! [link] [comments]  |
| Posted: 31 Dec 2018 06:12 AM PST We want to sell our old house that we've been renting out. I wanted to sell by owner but I've been told that's a tough road. How do I find a good real estate agent to help us sell this house fast and for the best price we can get? Anything specific we should look for? [link] [comments]  |
| When sale of my condo do I get funds by wire or check? Posted: 31 Dec 2018 07:47 AM PST Sold it , it was paid off in cash. Wondering what method will I receive my funds [link] [comments]  |
| Selling a house after just a year of ownership ? Posted: 31 Dec 2018 11:22 AM PST I bought a house and am thinking of selling it after just a year of owning it, primarily due to not liking winter shoveling (brutal here in northern MN), go back to renting a nice apartment. I am wondering how it looks to potential buyers when they check Zillow/other and see the house was purchased just a year prior to it being on the market-- will that negatively affect the selling price? paid cash for the house so my closing costs were almost nothing, and I would sell the house FSBO, list on MLS, and pay a 3% commission to a buyer's agent. [link] [comments]  |
| Need Tips on finding a good real estate agent Posted: 31 Dec 2018 08:46 AM PST Hello All, First of Happy Holidays! My girl friend and I are looking to buy a house next year, just need tips on finding a good real estate agent to work with. Any and all feedback is welcomed. Thank you in advance. [link] [comments]  |
| 15 vs 30yr - Fixed or Variable Posted: 31 Dec 2018 04:56 AM PST Hi Everyone, I'm in a HCOL area. If I'm looking to buy in the next quarter, would you recommend a Fixed APR or a variable(or mixed ARM?)? Also, I am trying to figure out what option to go with between 15yr and 30yr term. I can pay 15yr (close to 33% of net income) mortgage with a lower worth asset or 30yr mortgage with higher worth asset. Or I can opt for 30yr on lower worth asset and contribute extra towards principal to pay off sooner than 30yr. I'm paying rent close to 23% as rent on an asset of slightly smaller size with less amenities (no assigned parking) How would you go about making such decisions? What factors do you consider? Thanks for any help. [link] [comments]  |
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