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bearishgurl
Participant…And of the nation’s 300,000 homeowners’ associations, more than 50 percent now face “serious financial problems,” according to a September survey by the Community Association Institute. An October survey found that 65 percent of homeowners’ associations have delinquency rates higher than 5 percent, up from 19 percent of associations in 2005…
Very enlightening article, jp. I’ve long suspected this phenomenon.
Participant…And of the nation’s 300,000 homeowners’ associations, more than 50 percent now face “serious financial problems,” according to a September survey by the Community Association Institute. An October survey found that 65 percent of homeowners’ associations have delinquency rates higher than 5 percent, up from 19 percent of associations in 2005…
Very enlightening article, jp. I’ve long suspected this phenomenon.
ParticipantCube, if I were you, I would shy away from first time/accidental landlords. These are “landlords” who really don’t want to be landlords but have to move and can’t sell and get out clean. They think they’ll “manage” their house themselves because they can’t afford to hire a mgmt co. Many haven’t a clue what they’re doing and are at a high risk of hypothecating your damage deposit and last months rent, if applicable, for their own use, as well as defaulting on their mortgage(s) during your tenancy. It is always better to deal with a mgmt co when renting a SFR. Or a “landlord” who owns several investment properties and has for many years. These types of landlords are unemotional and treat their tenants professionally. Your tenancy will be strictly business to them. They typically know all the landlord/tenant laws and make sure everything works in their rentals and that their units are clean, habitable and meet all safety criteria before placing tenants in them.
I wouldn’t hand over a large damage deposit/last months rent directly to a first-time involuntary “landlord,” especially a young one with minor children at home, IMO. These types of owners are most at risk of not delivering to you a clean and vacant unit after collecting your deposit, absconding with your deposit(s) and/or defaulting on on or more trust deeds during your tenancy.
Checking on whether a property is in default (or ever has been in default under the present ownership) before turning in your rental application is a good idea under the economic climate existing today.
A property manager with a CA “CPM” designation must abide by the current landlord/tenant laws and ethical standards when deciding whether or not to handle mgmt of a property. Many will refuse to handle mgmt of SFR’s which have previously been in default by a current owner seeking to turn the property into a rental.
ParticipantCube, if I were you, I would shy away from first time/accidental landlords. These are “landlords” who really don’t want to be landlords but have to move and can’t sell and get out clean. They think they’ll “manage” their house themselves because they can’t afford to hire a mgmt co. Many haven’t a clue what they’re doing and are at a high risk of hypothecating your damage deposit and last months rent, if applicable, for their own use, as well as defaulting on their mortgage(s) during your tenancy. It is always better to deal with a mgmt co when renting a SFR. Or a “landlord” who owns several investment properties and has for many years. These types of landlords are unemotional and treat their tenants professionally. Your tenancy will be strictly business to them. They typically know all the landlord/tenant laws and make sure everything works in their rentals and that their units are clean, habitable and meet all safety criteria before placing tenants in them.
I wouldn’t hand over a large damage deposit/last months rent directly to a first-time involuntary “landlord,” especially a young one with minor children at home, IMO. These types of owners are most at risk of not delivering to you a clean and vacant unit after collecting your deposit, absconding with your deposit(s) and/or defaulting on on or more trust deeds during your tenancy.
Checking on whether a property is in default (or ever has been in default under the present ownership) before turning in your rental application is a good idea under the economic climate existing today.
A property manager with a CA “CPM” designation must abide by the current landlord/tenant laws and ethical standards when deciding whether or not to handle mgmt of a property. Many will refuse to handle mgmt of SFR’s which have previously been in default by a current owner seeking to turn the property into a rental.
ParticipantCube, if I were you, I would shy away from first time/accidental landlords. These are “landlords” who really don’t want to be landlords but have to move and can’t sell and get out clean. They think they’ll “manage” their house themselves because they can’t afford to hire a mgmt co. Many haven’t a clue what they’re doing and are at a high risk of hypothecating your damage deposit and last months rent, if applicable, for their own use, as well as defaulting on their mortgage(s) during your tenancy. It is always better to deal with a mgmt co when renting a SFR. Or a “landlord” who owns several investment properties and has for many years. These types of landlords are unemotional and treat their tenants professionally. Your tenancy will be strictly business to them. They typically know all the landlord/tenant laws and make sure everything works in their rentals and that their units are clean, habitable and meet all safety criteria before placing tenants in them.
I wouldn’t hand over a large damage deposit/last months rent directly to a first-time involuntary “landlord,” especially a young one with minor children at home, IMO. These types of owners are most at risk of not delivering to you a clean and vacant unit after collecting your deposit, absconding with your deposit(s) and/or defaulting on on or more trust deeds during your tenancy.
Checking on whether a property is in default (or ever has been in default under the present ownership) before turning in your rental application is a good idea under the economic climate existing today.
A property manager with a CA “CPM” designation must abide by the current landlord/tenant laws and ethical standards when deciding whether or not to handle mgmt of a property. Many will refuse to handle mgmt of SFR’s which have previously been in default by a current owner seeking to turn the property into a rental.
ParticipantCube, if I were you, I would shy away from first time/accidental landlords. These are “landlords” who really don’t want to be landlords but have to move and can’t sell and get out clean. They think they’ll “manage” their house themselves because they can’t afford to hire a mgmt co. Many haven’t a clue what they’re doing and are at a high risk of hypothecating your damage deposit and last months rent, if applicable, for their own use, as well as defaulting on their mortgage(s) during your tenancy. It is always better to deal with a mgmt co when renting a SFR. Or a “landlord” who owns several investment properties and has for many years. These types of landlords are unemotional and treat their tenants professionally. Your tenancy will be strictly business to them. They typically know all the landlord/tenant laws and make sure everything works in their rentals and that their units are clean, habitable and meet all safety criteria before placing tenants in them.
I wouldn’t hand over a large damage deposit/last months rent directly to a first-time involuntary “landlord,” especially a young one with minor children at home, IMO. These types of owners are most at risk of not delivering to you a clean and vacant unit after collecting your deposit, absconding with your deposit(s) and/or defaulting on on or more trust deeds during your tenancy.
Checking on whether a property is in default (or ever has been in default under the present ownership) before turning in your rental application is a good idea under the economic climate existing today.
A property manager with a CA “CPM” designation must abide by the current landlord/tenant laws and ethical standards when deciding whether or not to handle mgmt of a property. Many will refuse to handle mgmt of SFR’s which have previously been in default by a current owner seeking to turn the property into a rental.
ParticipantCube, if I were you, I would shy away from first time/accidental landlords. These are “landlords” who really don’t want to be landlords but have to move and can’t sell and get out clean. They think they’ll “manage” their house themselves because they can’t afford to hire a mgmt co. Many haven’t a clue what they’re doing and are at a high risk of hypothecating your damage deposit and last months rent, if applicable, for their own use, as well as defaulting on their mortgage(s) during your tenancy. It is always better to deal with a mgmt co when renting a SFR. Or a “landlord” who owns several investment properties and has for many years. These types of landlords are unemotional and treat their tenants professionally. Your tenancy will be strictly business to them. They typically know all the landlord/tenant laws and make sure everything works in their rentals and that their units are clean, habitable and meet all safety criteria before placing tenants in them.
I wouldn’t hand over a large damage deposit/last months rent directly to a first-time involuntary “landlord,” especially a young one with minor children at home, IMO. These types of owners are most at risk of not delivering to you a clean and vacant unit after collecting your deposit, absconding with your deposit(s) and/or defaulting on on or more trust deeds during your tenancy.
Checking on whether a property is in default (or ever has been in default under the present ownership) before turning in your rental application is a good idea under the economic climate existing today.
A property manager with a CA “CPM” designation must abide by the current landlord/tenant laws and ethical standards when deciding whether or not to handle mgmt of a property. Many will refuse to handle mgmt of SFR’s which have previously been in default by a current owner seeking to turn the property into a rental.
Participant[quote=briansd1]I don’t get to ski much anymore, but I’m jealous.
BG must be on one of her roadtrips in her old, but well-maintained, and extremely reliable Lexus.[/quote]
In fact, brian, I just returned Sunday after nearly 3 weeks on the road and have been swamped in an out of the courthouse(s) the last two days! Just now checking into Pigg to see what’s going on :=]
We put almost 5000 miles on “old reliable” in six states with no car trouble at all! We drove consistently in 108 degree heat and on roads up to nearly 12,000 feet high and it only used 1/3 quart of oil and about 1/4 cup of transmission fluid in the whole trip. It hauled a$$ in the mtns and floated like a boat in the “flats” . . . and the oil is still clean :=)
jstoesz, I know you’ll have a GREAT time cross-country “skiing” in the sierras this summer!
Hey, aren’t you already living in the “high country?”
Participant[quote=briansd1]I don’t get to ski much anymore, but I’m jealous.
BG must be on one of her roadtrips in her old, but well-maintained, and extremely reliable Lexus.[/quote]
In fact, brian, I just returned Sunday after nearly 3 weeks on the road and have been swamped in an out of the courthouse(s) the last two days! Just now checking into Pigg to see what’s going on :=]
We put almost 5000 miles on “old reliable” in six states with no car trouble at all! We drove consistently in 108 degree heat and on roads up to nearly 12,000 feet high and it only used 1/3 quart of oil and about 1/4 cup of transmission fluid in the whole trip. It hauled a$$ in the mtns and floated like a boat in the “flats” . . . and the oil is still clean :=)
jstoesz, I know you’ll have a GREAT time cross-country “skiing” in the sierras this summer!
Hey, aren’t you already living in the “high country?”
Participant[quote=briansd1]I don’t get to ski much anymore, but I’m jealous.
BG must be on one of her roadtrips in her old, but well-maintained, and extremely reliable Lexus.[/quote]
In fact, brian, I just returned Sunday after nearly 3 weeks on the road and have been swamped in an out of the courthouse(s) the last two days! Just now checking into Pigg to see what’s going on :=]
We put almost 5000 miles on “old reliable” in six states with no car trouble at all! We drove consistently in 108 degree heat and on roads up to nearly 12,000 feet high and it only used 1/3 quart of oil and about 1/4 cup of transmission fluid in the whole trip. It hauled a$$ in the mtns and floated like a boat in the “flats” . . . and the oil is still clean :=)
jstoesz, I know you’ll have a GREAT time cross-country “skiing” in the sierras this summer!
Hey, aren’t you already living in the “high country?”
Participant[quote=briansd1]I don’t get to ski much anymore, but I’m jealous.
BG must be on one of her roadtrips in her old, but well-maintained, and extremely reliable Lexus.[/quote]
In fact, brian, I just returned Sunday after nearly 3 weeks on the road and have been swamped in an out of the courthouse(s) the last two days! Just now checking into Pigg to see what’s going on :=]
We put almost 5000 miles on “old reliable” in six states with no car trouble at all! We drove consistently in 108 degree heat and on roads up to nearly 12,000 feet high and it only used 1/3 quart of oil and about 1/4 cup of transmission fluid in the whole trip. It hauled a$$ in the mtns and floated like a boat in the “flats” . . . and the oil is still clean :=)
jstoesz, I know you’ll have a GREAT time cross-country “skiing” in the sierras this summer!
Hey, aren’t you already living in the “high country?”
Participant[quote=briansd1]I don’t get to ski much anymore, but I’m jealous.
BG must be on one of her roadtrips in her old, but well-maintained, and extremely reliable Lexus.[/quote]
In fact, brian, I just returned Sunday after nearly 3 weeks on the road and have been swamped in an out of the courthouse(s) the last two days! Just now checking into Pigg to see what’s going on :=]
We put almost 5000 miles on “old reliable” in six states with no car trouble at all! We drove consistently in 108 degree heat and on roads up to nearly 12,000 feet high and it only used 1/3 quart of oil and about 1/4 cup of transmission fluid in the whole trip. It hauled a$$ in the mtns and floated like a boat in the “flats” . . . and the oil is still clean :=)
jstoesz, I know you’ll have a GREAT time cross-country “skiing” in the sierras this summer!
Hey, aren’t you already living in the “high country?”
Participant[quote=Ricechex]BG–South Park is okay, also 92102 but this is truly Golden Hill and in the hood—per your post, we agree!
Of course that is what explains the 99K list price![/quote]Ricechex, birmingplumb’s son will use a Section 8 voucher for rental assistance and thus very likely will not be able to rent in South Park – 92102 (mostly situated in 92104). This leaves Golden Hill, Sherman, Juniper near the cyn, area around Gompers Secondary, and Southcrest (with the “Victorian” in disrepair on a notoriously inferior corner) :={
Participant[quote=Ricechex]BG–South Park is okay, also 92102 but this is truly Golden Hill and in the hood—per your post, we agree!
Of course that is what explains the 99K list price![/quote]Ricechex, birmingplumb’s son will use a Section 8 voucher for rental assistance and thus very likely will not be able to rent in South Park – 92102 (mostly situated in 92104). This leaves Golden Hill, Sherman, Juniper near the cyn, area around Gompers Secondary, and Southcrest (with the “Victorian” in disrepair on a notoriously inferior corner) :={
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