Landlord locked me out, charging me $50 to get me back in Real Estate |
- Landlord locked me out, charging me $50 to get me back in
- Closing scheduled for Tuesday tenant will not move out
- Closing on my first home next week. What should I do as a new homeowner once I get the keys?
- Found outside electrical panel open for the 2nd time.
- HOA proposing to limit rental options
- Landlord sending us bill for repairs
- Refinance win
- Hypothetically, how much would it cost me to buy lake superior?
- When is a manufactured home considered "real property "?[CO]
- Under contract and buyer wants to bring samples to match tile
- Dealing With Debt Collector
- First time home buyers question *Getting a loan*
- Redistricting
- What is wrong with motel/ hotel conversions to condos?
- (IL)Vivint Solar. State fund is willing to install solar panels for “free” advice requested
- FHA loan in only 1 persons name vs joint?
- Buying my Parent's Rental
- Commercial Real Estate- why so many empty storefronts?
- Taking Possession - Smart Home
- Did anybody else think buying a point on a mortgage meant....
- Title work delaying closing - tips please!
- Denied by underwriting 5 days before closing. What are my options?
- Too late to renegotiate mortgage rate?
- Solar Panel Advice
- Are Long-Term Residential Leases Common?
| Landlord locked me out, charging me $50 to get me back in Posted: 30 Aug 2020 06:21 PM PDT I live in a building that houses primarily students (it's not student res but right off campus). We have key fobs to get into our apartments. My key fob wasn't working today so I had to call management to get me into my apartment. They came after half an hour-which was a relief because I've seen the same thing happen to a few people on my floor and some waited all day to get their units unlocked. They said they're charging me $50 extra with my rent because it says in the lease that we're charged for anytime we get locked out. However, I had my keyfob on me and it wasn't my fault for getting locked out. They said that the key fobs are expiring and we got an email about it saying that we needed to go to the front desk to get our fobs changed. I didn't get an email and their reaponse to that was that I had opted out of August emails... but I didn't and I was getting emails from them this month, just not the one about expires fobs. I don't want to pay the $50 and I feel it's a scheme to exploit tenants who are primarily young students. What can I do about this? [link] [comments]  |
| Closing scheduled for Tuesday tenant will not move out Posted: 30 Aug 2020 03:54 PM PDT After eight weeks of notice, Plus 4 weeks of a listing being up to sale my rental. Now the renter will not move out. I feel screwed because I can't make him move and now I'm liable for some expenses of the buyer. Any ideas to help get this resolved? [link] [comments]  |
| Closing on my first home next week. What should I do as a new homeowner once I get the keys? Posted: 30 Aug 2020 03:53 PM PDT Other than moving in of course ;) I've been reading up and making a list of all the things we need to do. Obviously, we'll need to get utilities and Internet set up, call USPS to get our mail forwarded, and change the locks. Anything else I'm missing? This is our first time owning a home and we're moving across the country so would love advice from others who have been through this process! [link] [comments]  |
| Found outside electrical panel open for the 2nd time. Posted: 30 Aug 2020 04:34 PM PDT So we are currently renovating a house, and no one is living there at the moment. I have cameras around the outside and ADT security, but my one side gate I don't always lock (Mostly for pool guy, lawn guys, etc) For the second time in the last couple weeks I have come to the house and seen the electrical panel on the outside as well as the panel that holds the pool timer open. The first time I didn't think anything of it, but when it happened a second time I thought it was strange. So yesterday I put locks on both of the panel's, added one more security camera to that corner of the house, and locked the other gate. But for the life of me I can't imagine what someone could even accomplish with getting into those panels other than messing around. The yard is fenced, but on one side it's only about a 4-foot chain link so if someone really wanted to get in they could. Any thoughts? [link] [comments]  |
| HOA proposing to limit rental options Posted: 30 Aug 2020 03:53 PM PDT I live in a town-home community and our HOA is proposing to cap the number of units that can be rental units (non-owner occupied) to 25% of units and mandate that the primary owners occupy the unit for three years before they can be rented out. We will be voting on the amendments later this year. My first inclination is to vote no on this proposal. I'm not thinking of renting out unit, but I can't think of any good reason to limit homeowners like this. Does anyone have strong options one way or the other? Are home values ever diminished if a community is majority rented out? That seems silly to me. Thanks! [link] [comments]  |
| Landlord sending us bill for repairs Posted: 30 Aug 2020 06:55 AM PDT Our fridge has been broken for about 5 days at this point and we have taken all the steps the landlord has recommended. It is probably time to get a repair man, but the landlord has told us that if there is nothing wrong with the fridge according to his repair person, it will be our responsibility to pay for the repair visit/pay for a new fridge. This is not in our lease and I can't seem to find anything in the Boston tenant/lessor rights. Can he do that ? [link] [comments]  |
| Posted: 30 Aug 2020 01:03 PM PDT Thought about selling my investment home at the end of June. Decided to hold on for 1 more year until we know where our next move will be. Was approached by our old mortgage company that we had before refinancing our primary home. They paid for all fees minus VA funding & locked us into a 2.25 from a 3.25, saving $225 a month, bringing the rental proceeds over $600 AFTER management fees which will more than help recoup the $$ we just put out for improvements. This market is absolutely insane. I wasn't even going to refinance because I thought 3.25 was already pretty low and didn't want to pay all the fees again. [link] [comments]  |
| Hypothetically, how much would it cost me to buy lake superior? Posted: 30 Aug 2020 09:31 PM PDT In a debate with my friends with what i would do with 100 billion dollars, and I wanted to buy lake superior. How much would that cost? [link] [comments]  |
| When is a manufactured home considered "real property "?[CO] Posted: 30 Aug 2020 02:13 PM PDT Hello! Me and my roommate are thinking of moving from Arkansas to Colorado. We've lived here all our lives(22 years) and have been renting since its relatively cheap and we knew we were gonna leave within a few years of graduating. Anyway, things are not so cheap where we want to move, within an hour of Denver or Boulder, so we were thinking of actually buying a home. Keep in mind, we wont be permanently living in Colorado. We'd stay there between 5-10 years, although probably closer to 10, then sell it and move on. Listen, I know next to nothing about this stuff, so if anything about our plan sounds dumb please let me know. Anyway, i was looking at homes under 100k and, surprise surprise, they're almost all manufactured homes. I did some mild googling and discovered its apparently a bad idea to buy one since they're considered personal property like a car, and depreciate. But, I'm a little confused, because these homes don't appear to be mobile. I mean, the one I'm looking at favorably has a garage and a deck attached to it and what appears to be a basement. So, idk, does that make it real property or personal? Is my plan garbage? Pls help [link] [comments]  |
| Under contract and buyer wants to bring samples to match tile Posted: 30 Aug 2020 12:36 PM PDT As the title says we're under contract and the buyer wants to stop by to match some tile samples to the existing floor. We are past the inspection period and he has been here 3 times since we accepted his offer - took measurements when the Radon guy was here setting up equipment, 3 hours for the inspection and again to bring a contractor to look at the windows. I normally wouldn't care much because he is obviously trying to get ready to move in and did give us a 90 day close but this man is incredibly invasive and loud and I can't stand him. For example, I'm working from home and during the inspection he made himself at home, taking LOUD personal calls on his cell while I'm trying to work, sprawling out on my sofa and helping himself to some oranges on the counter. What do I tell his agent? [link] [comments]  |
| Posted: 30 Aug 2020 11:49 PM PDT I own some land and rented it to someone who put a manufactured home on it. The person had a mortgage on the home but could not pay it, so the home (not the land) went to the debt collect. This happened over the last year, and now I would like to get the title of the manufactured home. What would the steps be? [link] [comments]  |
| First time home buyers question *Getting a loan* Posted: 30 Aug 2020 01:36 PM PDT Hello all! I have a fairly simple question that I would love to get an answer too. Back story - In 2018 I made 70K. In 2019 I made about 105K. In 2020 i have made only about 30K (I am a union electrician, got laid off in April due to Covid and haven't had a job since). My fiancee has a stable job and has made about 50k/year the last few years. Me and my fiancee currently live in my parents house (they live out of the country) and pay them only a combined $500/month (very lucky!). Anyways, I am intereseted in buying a rental house (330K-400K, will rent for around $1800-$2400/month) in the near future, specifically because I know my parents will likely end up selling the house we are currently living in at some point in the future (2-5 years), and home prices will potentially continue to rise dramatically (we live in the Pacific Northwest). I just want to have my foot in the door if this the case. I know there is no way me and my fiancee will get a home loan, specifically because I have not had an income for the last 5+ months. HOWEVER, my dad is fairly wealthy and willing to cosign a loan for us. So, I guess my question is, if my father (NW 3+ million, no debt, 180K income) were to cosign a loan with me and my fiancee, would it be possible to purchase a house for say 350K? [link] [comments]  |
| Posted: 30 Aug 2020 07:37 PM PDT Hi, I had a quick question about buying a home in the edge of a good school district. How often do redistricts happen. If we were bumped to the other school district I'm afraid it would have a really negative effect on the property value. Can districts really just kick you out just on a whim? [link] [comments]  |
| What is wrong with motel/ hotel conversions to condos? Posted: 30 Aug 2020 07:25 PM PDT I've seen quite a few condos that used to be motels listed at the NJ shore and they're relatively inexpensive. I assume these are far less desirable than a purpose built condo. As a vacation home user, what are the negatives with these kind of properties? [link] [comments]  |
| (IL)Vivint Solar. State fund is willing to install solar panels for “free” advice requested Posted: 30 Aug 2020 12:48 PM PDT I have three questions.
Thank you in advance to any that took the time to share. [link] [comments]  |
| FHA loan in only 1 persons name vs joint? Posted: 30 Aug 2020 04:54 PM PDT Hi, My wife and I looking at getting the FHA loan for a multi family property, and living in the property for the required 1 year. I remember hearing somewhere that there are advantages to getting the mortgage / title in only one of our names, rather than both? Can anyone explain why? Is the main benefit that after 1 year, if we wanted to do another FHA loan, we could just put it in the others person name? Or are there other tax advantages etc? Many thanks! [link] [comments]  |
| Posted: 30 Aug 2020 02:40 PM PDT In Nebraska. My parents are extraordinarily generous. I've been living in their rental house rent free for years. I've graduated and am now making good money and in this time I've realized I love this house. It's become my home, and they would be okay to sell it to me. It was an old rental and they've both retired and can't really keep up with property anymore, so I would likely be their last renter. I'm not exactly sure how to approach this. I've never purchased property before. Do I still need a real estate agent? Are there any weird nuances with buying their house? I want an actual mortgage to them at market value. My parents will try to undersell and I want to make sure they get their money's worth for this house. I also want to set up a proper mortgage so they can't refuse my money. They will try because, again, they're extremely generous which is normally very kind, but this is way too much money at this stage in their life to discount. [link] [comments]  |
| Commercial Real Estate- why so many empty storefronts? Posted: 30 Aug 2020 02:39 PM PDT Total non-real-estate person here, wondering of those involved in commercial real estate: What is the rationalization/ reason that so many strip malls and commercial properties hold their rental price high enough to stay vacant? I see many empty storefronts in nice plazas (I'm in suburban Phoenix, AZ) that I bet there would be renters to fill, if the rents were lower. Is there a financial advantage that the owner gains by holding it vacant at a high rental price, for months or even years? Genuinely curious and I know nothing about commercial real estate ins and outs. [link] [comments]  |
| Taking Possession - Smart Home Posted: 30 Aug 2020 01:25 PM PDT Hello! Does anyone have information on smart devices within a home? I am taking possession of my home in about an hour. It has ring doorbell, nest thermostat, smart appliances, etc. I've googled some and it seems I don't really know how to state the question. Unless the answer really is a factory reset. What did you do when you moved into a new house that had smart devices from the previous owner? [link] [comments]  |
| Did anybody else think buying a point on a mortgage meant.... Posted: 30 Aug 2020 09:41 AM PDT Did anybody else think buying a point (1% of the loan) on a mortgage meant you were getting a point (1% interest) off the interest rate? I always just assumed that and recently found out some of my clients are buying points (1% of the loan) for like .25% to .5% off the interest rate. This is not particular to any one lender either. Did it use to be different? As in point for point. Can this also be negotiated? [link] [comments]  |
| Title work delaying closing - tips please! Posted: 30 Aug 2020 07:36 AM PDT We are purchasing a property in upstate New York, and due to the insane amount of transactions happening in the area, our attorney told us that the title work will not be ready for a month, at the earliest. Everything else is good to go - inspection, appraisal, loan...so this is the only thing preventing us from closing. I asked my realtor if this was normal, and he said it's because a) they are swamped and b)the county is only allowing limited # of people in to physically pull records. Is anyone else experiencing the same thing? Could my attorney to use an out of state or national title search company rather than a local one? Do they actually have to physically go search for documents?! Any tips to speed up the process is appreciated! [link] [comments]  |
| Denied by underwriting 5 days before closing. What are my options? Posted: 30 Aug 2020 10:01 AM PDT EDIT: I have not been outright denied. I just keep getting the run around. Called up LO and asked him pretty forcefully what's going on and he just gave me a vague story about he spoke with underwriter on Friday and it "did not look good". I could rant fifteen hours on how upset and annoyed I am with the LO and underwriter, but I'll save that for another post. I got denied by underwriter 5 days before closing. I'm pretty sure that this lender is just overwhelmed with work from refinances and my 1099 case file is too much effort and they frankly can make more money for their time on other clients. I suspect this, because about two weeks ago, they started responding very slowly, asking for duplicate documents, getting annoyed when I asked questions, asking for documents twice in a row, etc. etc. etc..... they just seem overworked and disorganized. I really got the feeling that my application was annoying them. For reference, I hit all the boxes - as far as I can tell. I'm pretty much a "full time 1099". Been at the same job for 4 years, making 90k, with a modest raise each year. Been employed in same industry for 12 years, never unemployed. Employer offers me W2 position but I choose to be 1099 so I'm not stuck with just 2 weeks vacation a year ( I can take 6 weeks as a 1099.... don't ask.... corporate America, yay) I have 20% down for a 250k house. I could come up with maybe another 30k if I raided my retirement stocks, but I'd really rather not as the capital gains will be severe. No debt, no expenses, no spouse, no dependents. Great credit (780+). No skeletons in the financial closet or anything remarkable about my finances. Work in a sector that has actually benefited from covid. Anyways, what are my options to try to save this deal? I waited five weeks for the appraisal (and another two while the AMC "reviewed" the report, but that's another story). Will other lenders use the appraisal report? I have it in my hand. Or will they require a new one? If we have to start the clock over on the appraisal, the seller will walk as they had multiple offers. Googling random reddit and forum posts tells me most lenders won't use an appraisal ordered by someone else, although it is possible..... wondering if anyone had any real life experience with this. I'm thinking about offering the sellers another 5-10k in earnest money if they give me three more weeks to close, and if I fail to close, they get to pocket some nice earnest money. If I find a lender who is OK using the existing appraisal, do you think I could realistically close in three weeks? After getting boned with false promises and half-assed pre-approvals/commitments, I'm pretty leery of taking what a random LO will promise me at face value, so thought I'd ask some internet strangers who can give me advice without being financially incentivized. I have all my documents neatly compiled, an appraisal report in my hand, steady income, all the "letters" written (employer, accountant, etc.). Is my plan a pipe dream? I'm totally OK taking a relatively crappy rate and just refinancing later. [link] [comments]  |
| Too late to renegotiate mortgage rate? Posted: 30 Aug 2020 04:47 PM PDT We were given a rate of 3.125, we are putting $345,000 down on a $519,000 house, credit scores are over 800. We're first time buyers and were days away from the birth of our 4th baby at the time we were given the rate so we just didn't think to negotiate, or shop around more. The appraisal was done last week, and I gather that means that we're close to having our mortgage. Is it too late for us to try and get a better rate from our lender? [link] [comments]  |
| Posted: 30 Aug 2020 06:43 PM PDT |
| Are Long-Term Residential Leases Common? Posted: 30 Aug 2020 10:22 PM PDT Instead of the typical 1-2 year leases on a rental home, do people also engage in 5-10 year leases where the renter might consider splitting costs of major renovations with the landlord as a joint investment...Similar to the commercial leasing model? If not, why does it not make financial sense for this to work in residential? [link] [comments]  |
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