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Showing posts with label Investment Property. Show all posts
Showing posts with label Investment Property. Show all posts

Monday, December 19, 2011

Thinking about buying cash flowing investment properties? Read these common tenant complaints sent to landlords

I received these emails from a Boston real estate landlord/Boston Real Estate blog reader:
From: David Thorne
Date: Thursday 21 May 2009 10.16am
To: Helen Bailey
Subject: Pets in the building
Dear Helen,
Thankyou for your letter concerning pets in my apartment. I understand that having dogs in the apartment is a violation of the agreement due to the comfort and wellbeing of my neighbours and I am currently soundproofing my apartment with egg cartons as I realise my dogs can cause quite a bit of noise. Especially during feeding time when I release live rabbits.
Regards,
David.
—–
From: Helen Bailey
Date: Thursday 21 May 2009 11.18am
To: David Thorne
Subject: Re: Pets in the building
Hello David:
I have received your email and wish to remind you that the strata agreement states that no animals are allowed in the building regardless of if your apartment is soundproof. How many dogs do you have at the premises?
Helen
—–
From: David Thorne
Date: Thursday 21 May 2009 1.52pm
To: Helen Bailey
Subject: Re: Re: Pets in the building
Dear Helen,
Currently I only have eight dogs but one is expecting puppies and I am very excited by this. I am hoping for a litter of at least ten as this is the number required to participate in the Portland, Maine, dog sled racing.
I have read every Jack London novel in preparation and have constructed my own sled from timber I borrowed from the construction site across the road during the night. I have devised a plan which I feel will ensure me taking first place in the next national dog sled championships.
For the first year of the puppies life I intend to say the word “mush” then chase them violently around the apartment while yelling and hitting saucepan lids together.
I have estimated that the soundproofing of my apartment should block out at least sixty percent of the noise and the dogs will learn to associate the word mush with great fear so when I yell it on race day, the panic and released adrenaline will spur them on to being winners. I am so confident of this being a foolproof plan that I intend to sell all my furniture the day before the race and bet the proceeds on coming first place.
Regards,
David.
—–
From: Helen Bailey
Date: Friday 22 May 2009 9.43am
To: David Thorne
Subject: Re: Re: Re: Pets in the building
David, I am unsure what to make of your email. Do you have pets in the apartment or not?
Helen.
—–
From: David Thorne
Date: Friday 22 May 2009 11.27am
To: Helen Bailey
Subject: Re: Re: Re: Re: Pets in the building
Dear Helen,
No. I have a goldfish but due to the air conditioner in my apartment being stuck on a constant two degrees celcius, the water in its bowl is iced over and he has not moved for a while so I do not think he is capable of disturbing the neighbours. The ducks in the bathroom are not mine. They may have flown in when I left the batroom window open.
The noise which my neighbours possibly mistook for a dog in the apartment is just the looping tape I have of dogs barking which I play at high volume while I am at work to deter potential burglars from breaking in and stealing my tupperware. I need it to keep food fresh. Once I ate leftover chinese that had been kept in an unsealed container and I experienced complete awareness. The next night I tried eating it again but only experienced chest pains and diarrhoea.
Regards,
David.
—–
From: Helen Bailey
Date: Friday 22 May 2009 1.46pm
To: David Thorne
Subject: Re: Re: Re: Re: Re: Pets in the building
Hello David,
You cannot play sounds of dogs or any noise at a volume that disturbs others. I am sure you can appreciate that these rules are for the benefit of all residents of the building. Fish are fine. You cannot have ducks in the apartment though. If it was small birds that would be ok.
Helen
—–
From: David Thorne
Date: Friday 22 May 2009 2.18pm
To: Helen Bailey
Subject: Re: Re: Re: Re: Re: Re: Pets in the building
Dear Helen,
They are very small ducks.
Regards,
David.
—–
From: Helen Bailey
Date: Friday 22 May 2009 4.06pm
To: David Thorne
Subject: Re: Re: Re: Re: Re: Re: Re: Pets in the building
David, under section 4 of the strata residency agreement it states that you cannot have pets. You agreed to these rules when you signed the forms. These rules are set out to benefit everyone in the building including yourself. Do you have a telephone number I can call you on to discuss?
Helen.
—–
From: David Thorne
Date: Friday 22 May 2009 5.02pm
To: Helen Bailey
Subject: Re: Re: Re: Re: Re: Re: Re: Re: Pets in the building
Dear Helen,
The ducks will no doubt be flying south for the winter soon so it will not be an issue. It is probably for the best as they are not getting along very well with my seventeen cats anyway.
Regards,
David.
—–
From: Helen Bailey
Date: Monday 25 May 2009 9.22am
To: David Thorne
Subject: Re: Re: Re: Re: Re: Re: Re: Re: Re: Pets in the building
David,
I am just going to write on the forms that we have investigated and you do not have any pets.
Helen
—–
A few more classic Boston landlord complaints

The toilet is blocked and we cannot bathe the children until it is cleared.

Our kitchen floor is very damp, we have two children and would like a third, so will you please send someone to do something about it.

I want some repairs done to my stove as it has backfires and burnt my knob off.

This is to let you know that there is a smell coming from the man next door.

The toilet seat is cracked: where do I stand?

I am writing on behalf of my sink, which is running away from the wall.

Our lavatory seat is broken in half and is now in three pieces.

Will you please send someone to mend our cracked sidewalk? Yesterday my wife tripped on it and is now pregnant.

Will you please send a man to look at my bath water? It is a funny color and not fit to drink.

Would you please send a man to repair my downspout? I am an old-age pensioner and need it straight away.

Could you please send someone to fix our bath tap? My wife got her toe stuck in it and it is very uncomfortable for us.

When the workmen were here, they put their tools in my wife’s new drawers and made a mess. Please send men with clean tools to finish the job and keep my wife happy.

So after reading this you still want to become a landlord, lets talk. We have some great cash flowing properties.



RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty 

Comments are appreciated! Go ahead and add your 2 cents . . .
We have 3 easy steps to find you the perfect home . Click here to get started, today!

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Tuesday, December 6, 2011

Decreased Access to Credit and Fewer "Move-In Condition" Homes is Being Blamed for Lower Owner-Occupied Investor REO Buyers.

Decreased Access to Credit and Fewer "Move-In Condition"  Homes is Being Blamed for Lower Owner-Occupied Investor REO Buyers.


The percentage of owner-occupied REO buyers has dropped 20% during the past 2 years. In 2009, around 80% of REO buyers were owner-occupants. That number now hovers around 60 percent and is still on the decline. 


Analysts blame decreased access to credit and a failure to repair foreclosed properties to “move-in condition.” Some experts blame investor acquisition of these properties for “reversing the years of community development progress that nonprofits.




RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty 

Comments are appreciated! Go ahead and add your 2 cents . . .
We have 3 easy steps to find you the perfect home . Click here to get started, today!

kansas city real estate network - dowell taggart team
Short sales, foreclosures, luxury homes, investor homes, first time home buyer homes, land, investment properties and move up buyers.

Gardner, Olathe, Overland Park, Leawood, Lenexa, Shawnee, Mission, Merriam, Prairie Village, Basehor, Tonganoxie, Lansing, Leavenworth, Spring Hill
Eudora, De Soto, Edgerton, Platte City, Smithville, Gladstone, Liberty, Riverside, Independence, Lee's Summit, Pleasant Hill, Raymore, Belton, Grandview,
Raytown, Waldo and the surrounding Kansas City communities.


start kansas city home real estate search, find kansas city real estate house why use kansas city real estate network kansas city home evaluation, house appraisal, kansas city home value

Friday, July 15, 2011

Olathe, KS. 4-Plex Investment Property for sale - Owner Financing Possible


Details Photo Gallery View Rooms
66061-Olathe (Lakehurst) FOR SALE
$189,000

RE/MAX Premier Realty
Dowell Taggart TeamEmail Dowell Taggart


Work: 913-712-9313
Business: 913-712-9313
Cell: 913-980-5809
Fax: 913-279-9035
More Photos(5)

Quick Links
Virtual Tour Request More Info Email Listing More Photos(5)
1) Units are Updated with new paint and flooring
2) Updated kitchens
3) Each unit has a washer and dryer
4) Each unit has either a private deck or patio
5) Cap Rate is 9.390% with a 14.66% Cash on Cash Return
6) Monthly gross rent is $2100
7) Owner will carry a 2nd mortgage or finance entire property (email for details)

Details
Address: 616 LAKEHURST Drive Type: Multifamily Style: Single Story Suite: No Living Area: Year Built: 1983
More Details
Description
Terrific cash-flow opportunity! Fourplex, all units are separately metered for all utilities, in all-electric building. Owner willing to work with financing options for the right offer. All units are currently rented
More Description
If you're interested in buying investment properties, We can help. We have over 20 years of experience helping investors find the right properties. Contact us at (913) 712-9204
Brokered and Advertised by RE/MAX Premier Realty - Overland Park, Olathe, Gardner, Lenexa, Leawood, Shawnee & Kansas City LID 1003954911
Our client expect facts, not fiction. Despite advertising claims to the contrary, the Internet is NOT an experienced Real Estate Professional. It cannot consult, counsel, advise and have knowledge of market conditions and laws. Furthermore, data by itself can be very misleading. To obtain an accurate interpretation of any information you're receiving on line, please contact the Dowell Taggart Team


RE/MAX sells more homes than any other real estate company.
For a reason...should we talk?

Blog post written by the Dowell Taggart Team of RE/MAX Premier Realty

Comments are appreciated! Go ahead and add your 2 cents . . .
We have 3 easy steps to find you the perfect home . Click here to get started, today!

Dowell Taggart Team Kansas City Real Estate Network