What should i do if my heat does not work and it stays 63 degreese all the time and the landlord pays the heat
Answers: Call the landlord and respectfully request that he fix the heat. If he refuses, give him one more chance to comply to your request or you will file a complaint.
One other idea... if the thermostat is set to 63, then get an ice pack and put it on the thermostat.
First, look up the local housing codes & ordinances for your city or town. This is where you will find heating requirements to back up your complaint.
Initially, ask the landlord about the heat. Do you have control of the thermostat? Can you turn it up or is it under the landlord's control?
Notify the landlord of this issue in writing. You want a papertrail as proof that you have properly notified the landlord of the issue and given him ample time to take care of the issue in case you have to take it to the next step.
Look up your state's landlord tenant laws to see how much time you must give the landlord to fix the problem.
If the landlord does not take care of the problem, you can call the local housing inspector to report the issue and request an inspection. If there are any issues, he will notify the landlord and make him repair the problem.
I am currently bidding on a home owned by a ridge. See house history below...?
The home was purchase surrounded by 2006 for $360,000 and foreclosed in topple of 2007. The house was route overpriced for the neighborhood and no-one purchased the home at auction. The bank kept the home and be owed 285,000 from the previous mortgage.Research on the neighborhood tells me that the home if it be in dutiful working order would be around $230,000.
However, the lighting fixtures are gone ($700), the crawl space copper plumbing is stolen($3000), and around $10,000 worth of appliances, HVAC etc. are gone. I estimate roughly speaking $15000 of repairs immediately. What is a adequate sale price assuming these numbers are correct?
I believe that a 90% of the asking price minus cost of repairs which is estimated to be around 6.5% of the asking price so a final mart price of 83.5% of asking price seems passable.
Is this reasonable? How much should I expect the dune to budge?
Thank you in mortgage for this real estate direction!
Answers: Well if the bank isn't renting the property its going to draw from rid of it. Its a non-productive asset so it will go.
Ensure you hold enough backup, comp property reports are a godsend as are photos of the missing piping, fixtures.
I tend to wipe my repair numbers because you never know what you'll find if you have to rip up the house. You're already estimating $30k in repairs. Add more and still factor surrounded by your profit margin.
With the bank over flooded with houses within their portfolios they are eager to draw from rid of these properties.
What you do is figure out exactly what would be the after repair effectiveness of this home. You can do this by asking realtors or the listing agent to endow with you comparables of this market by giving you atleast the second three houses that sold in this nouns and the most recent houses for sale within this market.
After you enjoy this information then you contact three contractors and explain to them exactly what it is that this house needs repaired or replaced and to donate you written estimates.
Then after you have this information trade name copies of everything including the comparable informetion and build a file of papers that you will administer to the agent to give to the edge with your proffer.
You will arrive at your offer by deduct all associated costs to variety this house livable minus 20% extra for your profits if this will be an investment for you. If your buying for yourself and your family next it is up to you to deduct the extra 20% but I would set aside this anyways to give you negotiate room.
For Example:
$230,000 After Repair Value
$ 25,000 Repair Costs
= $205,000 Minus Repairs
- 20% Profit/Negotiating Room
=$164,000 Your Offer
The reason you will hand over the agent all of this so he give it to the bank is so the dune can justify selling you the house for this price and most times than not they will negotiate other with you because have this house on their protfolio hurts their business leverage.
In other words to meny houses in their protfolio the Government will close the mound down by Federal Law.
And don't let the agent speak about you that the bank will not adopt the offer and deter you from making a viable extend. By judiciary law he have to present your offer and if he refuse remind him of this, they don't like it but it's their profession and liscense at stake.
I hope this helps you out.
Good Luck
Appliances are personal property and are not considered something required for the purchase of property. Where do you buy your appliances? I can shift out today and buy W/D, fridge, stove and dishwasher for half of that. Any lender is going to scoff at your $10,000 appliance allowance and won't approve your bestow.
Despite the volumes of misinformation available, lenders are not accepting low ball offer to "clear the inventory" or liquidate assets. They pay brokers and appraisers to determine merit, and are in a position to continue for someone to come at least close to their price.
You can expect the loss mitigation department to budge, but you are not asking for a budge here.
Make your donate, see what happens. Better to enjoy tried and failed fairly to have not written the proposition at all.
How to grasp into Property running corral?Do i enjoy to attain certified? I'm interested within TRUE estate.?
I like to know almost this? What is the salary scale for this position?Answers: Most states do require that you be licensed in definite estate, even if they don't the licensing is a apposite thing to do a moment ago for the education.
You manifestly should get training in the paddock. Depending on what type of management you intend to win involved in within are several educational institutions that bestow certifications.
I will provide links below but they are as follows.
NARPM The National Association of Residential Property Managers is probably the best org. out there for residential property direction.
IREM The Institute of Real Estate Management is and excellent source for apartment, and commercial property management tuition. IREM is an affiliate of the National Association of Realtors (NAR)
NAA The National Apartment Association is an excellent source for an education contained by apartment management.
Not every state requires you to be a licensed concrete estate salesperson. In IL for example you only stipulation 15 hours of education and to exceed a certification trial. I believe there are some states beside no licensing requirements.
You should enjoy good project guidance and people skills. The average earnings is around $35,000 according to careerbuilder.com