How do I find houseing bargain as the mortage crisis loms?
foreclosures, tax sale etc... how do I find the best way to dipper up great deals within investmnent housesAnswers: 1) Call a realtor in your nouns. A lot of foreclosed properties are making it into the local multiple listing services ( MLS)
2) Go on string to http://www.realtytrac.com
3) Read the real estate division of the newpaper, especially the Public Notices.
Ask any Realtor
they will get out a big book of listings and smile at you
Can I sue my proprietor?
We live in a city contained by michigan where the rental houses are supposed to be inspected, ours hasn't be. Going down to our basement, the stairs are jerky and loose, and sideways. So, this past Monday, my husband be walking down the stairs and fell, he broke his foot. We were checking the stair that he fell from and it is loose and bending downward. So, can we sue our innkeeper? By the way, our rent is other paid in good time, this has nil to do with NOT paying rent. What liberal of advice do you own?Answers: Your landlord is supposed to hold insurance on the property which would cover injury to people injured because of a imperfection in the property.
Yes, I would sue.
Yes, the LL have insurance or is a fool. Just start the suit and see how fast that step get fixed.
The LL/owner carriers a mandatory fire & liability policy on the actual property for the lender and they had better get additional coverage to a million to cover other situations that arise.
stir for it
Yes, you can file suit.but keep hold of in mind that once you do this the "burden" is on you to provide proof..you are the plaintiff (one making the complaint)and your proprietor is the defendant (one defending himself against the plaintiff).
Do you have written documentation within your lease agreement clearly stating those facts about twelve-monthly inspections? Does it clearly state who is suppose to do the inspection?
Did you notify in writing to your proprietor about the condition of the staircase? If so, did you hold on to a copy of the notice?
How long have the staircase been surrounded by this condition...since you moved in or what?
The MORE WRITTEN documentation you can produce within your claim, the better your position will be in the court room.
Is in attendance a "history" of where you are living that have happened to other tenant who have have similiar incidents...like no inspection, problem w/unit, someone get hurt, landlord have been notify previously of condtion in writing and did nought about it. If so, catch their names as you may see a template about the tenant. All renters are protected by the "Landlord Tenant Act"..so you will need to review your state canon as it applies to you. You can do a G00GLE search for this..
IMO...you enjoy a case as long as you can fully support your claim and create a trail of other tenant who have have similiar incidents in skin you need to subpeona them to court contained by your behalf...Best of luck.It's time landlords are held accountable for their arrangements and if it means they spend most of their vivacity in court...so be it!
As a innkeeper of in MI for over 13 yrs, I involve to say that some cities dont enjoy inspections for landlords. Very few, but there are some. Make sure yours is not one of them in the past you act on that.
Now if the proprietor was aware of the problem (you notify him in writing) and he did nought, then he is at mistake. If you knew going on for it and never let him know roughly speaking it, then he cant really fix something he doesnt know give or take a few. So it depends on the situation. Since you said you looked at it afterwards and noticed it, after neither of you (you OR the landlord) knew within was a problem. Then you cant sue him for something he didnt know nearly. Has your house been inspected previously? (you didnt say how long you enjoy lived there) Then you know it gets inspected every 18 to 24 months, not every year. You may be surrounded by between inspections. Talk to the landlord and see what he have to say just about the situation. If you have be a good tenant and hes be a good manager, why would you want to sue him unless you dont have insurance? Then ask him to reimburse half of the medical bill. Half? Because NEITHER of you know about the problem. Although if you shift up and down the steps for laundry or such, you would notice if a step be loose or not.
Why did you move into a house that had not be inspected? You are as much at fault as your hotelier if you moved in lacking the inspection. Sorry, my vote goes to the hotelier on this one. You rented the property, you live there, you should hold known the steps be loose.
Yes, you can. If the PROPERTY injures you or a guest, the landlord is responsible.
I'm a hotelier and I would be mortified had I neglected something resembling that and it injured a tenant of mine.
Is there a difference between a Realtor & a Real Estate Egent..if there is, which is better?
Answers: A realtor is a real estate agent that has more training and certifications. Investopedia Says:
The term "realtor" is a registered trademark and encompasses agents, brokers and associates who are members of a real-estate firm associated with the NAR.
Realtors are trained and licensed to assist clients in the purchase and/or sale of their properties.
JTomin is partiallly correct. In fact there's no difference between a Licensed Realtor and a Licensed Real Estate Agent. They need to pass the same exams to become Licensed.
The primary difference is that the Realtor is a Member of the National Assocation of Realtors and thereby agrees to adhere to a strict code of ethics providing the buyer or seller greater protection from the unscrupous.
The NAR is the world's largest Trade Association with over 1.3M members.
That is correct. A Realtor must abide by a strict code of ethics. If you ever work with a Real Estate agent that is not a Realtor you must dig a little deeper. It would greatly worry me to work with someone who would not be a Realtor.
www.JoshMcleanHomes.com
I second PI on his explanation.he is exactly right.