Quoting Michael Loo to Jim Weller <=-
if there were no tenants or bad tenants in arrears I
worked for free.
(so) careful choosing tenants too.
Makes sense. But what happens when you rent to
a deceptively cleancut and sober-looking tenant
who turns out to be a checkered demon in disguise?
Yellowknife adopted the Energuide 80 standard
construction costs go up 20% while utilities are reduced 50%.
What's the breakeven time?
On 05-24-19 23:04, Jim Weller <=-
spoke to Michael Loo about tenant problems <=-
using creative extra-legal methods. I knew guys who could make a
house go empty in 24 hours for a fee, who were tougher and meaner
than your average checkered demon. As well if they were dealing, the police would be happy to help but I'd probably have to buy a new
front door after they using a battering ram on the old one.
Quoting Dale Shipp to Jim Weller <=-
the company stopped paying his mortgage without informing him.
the company charged a hefty fee for painting
they had not painted the house
On 05-27-19 22:43, Jim Weller <=-
spoke to Dale Shipp about tenant problems <=-
Quoting Dale Shipp to Jim Weller <=-
the company stopped paying his mortgage without informing him.
And probably pocketed the money.
the company charged a hefty fee for painting
they had not painted the house
So not just poor management but out and out criminal fraud. And if
there are no assets to seize upon obtaining judgement there's no
point even suing.
Quoting Dale Shipp to Jim Weller <=-
the company stopped paying his mortgage without informing him.
And probably pocketed the money.
In this case, there was no money to pocket. The tenant was paying the rent to the agent, who was then supposed to pay the mortgage. The
tenant moved out and so the agent got no money with which to pay the mortgage. The real flaw was that they never told the owner (who was
living in England down the street from me). The owner only found out
when the mortgage company ask him why they had not received payment for two months.
The agent was a liscensed real estate broker. They were just more interested in selling properties than doing a proper job of managing rental properties.
I'd be pretty sure that they had ample assets.
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