Rhode Island Real Estate, Buyers Agents, Paul Silver

This post is a follow up to the previous post I made regarding some property management issues between an owner and their tenants. We have met teh tenants, and it does seem some of the issue is simply a lack of communication between the owners and the tenants, and a confrontational approach by both parties when dealing with each other.

It would seem that some repairs have been requested back since March, but that the repairs have not been made properly, although the owner have sent guys to do the repairs, and they did do some.

There might be light in the window after all.

It would also seem that the rent is indeed late every month, and this month is no exception: I went there yesterday to collect it, and they said that htey would ahve it Saturday...

We shall see.

As for the repairs, some are definitely needed, like a leak in the roof that is damaging the ceilings of one bedroom and the living room below that. I am on that as well, and will get this straight...

But it does seem that simply having a thrid party in the middle will rectify much of the conflict... but then, we shall Saturday when I go to collect the rent.

Rental Opportunities Available For Immediate Occupacy! Great locations and properties!

We have several fabulous rental opportunities available for immediate occupancy in Fall River MA, Cranston RI, and West Greenwich RI.

1) Holburn Ave in Cranston RI: ~ 1000 sq ft, 2 beds, $1400 + utilities, Cape Style... newly updated appliances, kitchen, furnace and hot water heater... very energy efficient!

2) Madison Street in Fall River's Highlands area: Brick Victorian, very spacious @ 4200 sq ft, 4 beds, 2 full baths, 3 half baths, 2 fireplaces, swimming pool... $2400 + utilities

3) Whispering Pines Terrace in West Greenwich RI: Ranch style @ 2500 sq ft, home w/ fireplace, garage, 3 beds, 2 full baths, on 2 + acres wooded lot... $2200 + utilities

For more information, call Paul Silver, 401-293-0631 or email us with our contact form.

Interestingly, we signed up a new property management client recently, who then notified their tenants in writing and verbally that we were taking over the management of the property. We also notified the tenants in writing and verbally. Somehow these tenants, from Nigeria, feel that they can intimidate us, like they had the owners (who live 1000 miles away) and tell us that they do not have to pay the rent, or listen us at all. Either these folks like pretending reality has no impact on them, or they like hitting a brick wall...

Some background: these tenants have been paying the rent late (no sooner than the 20th of the month for the entire tenancy to date. They agree to have contractors come to make needed repairs and then are not at home, and the owner gets the bill for the plumber, carpenter, electrician, etc. for having shown up but not having gained access to the property. The tenants also yell at the owners, and now at my staff, for their lack of professionalism in wanting to collect the rent on time. Today I received the calls from two of them, all family, saying they need not work with us, and have no intention of paying the rent at this time.

They are now on a month to month tenancy, with the year lease having reverted to that as of October 31.

Seems I have to go there tomorrow, enter the premises for an announced and expected inspection, and wait until I collect the rent. Of course, I will have assistance with me, and that assistance will double as witnesses.

Fortunately for our client, we are not so easily intimidated... if we do not get the rent on time, seems we may be serving up notice for vacating the premises unless these people get real...

What are your thoughts?

Today, one of our agents was showing a foreclosed multifamily investment property to a potential buyer... it was listed with a brokerage that handles a good many foreclosed properties in that area...

When they arrived to view the property, which was being handled with a lock box, a van had just pulled up in front of the house, and the crew was banging open the rear door to get in... they were intending to remove all the copper from the house, from what the agent overheard. That would include the pipes, furnace liners, hot water boilers, and heating radiators, among other things...

The agent called the listing brokerage, and then the police. Police came nearly immediately, while agents from the other firm showed up almost as quickly... and soon, the owner of the other agency came to the place.

What happened after that, only time will tell, as the police are still, as we speak, interviewing the agents, and the culprits. I will post what happened after that as soon as we have word...

Amazing what goes on these days... theft, vandalism, etc.

Check back for an update.

It seems personalities always end up in the middle of business, with some people. On eof my agents has a pending sale with a particular broker. That sale is a short sale, and the listing broker had offered up 2% to the buyer agent, but was collecting 4% for themselves... when the bank found that out, they forced the broker to downsize the comission, but left our agent with the same 2%... the broker obviously was annoyed, and now does not return calls to our agent, denies access to others of his listings, and is in general rude to our agent...

I am tempted to let the seller know that this is the case, and to also alert the local and State boards of this activity, but have nto yet determined to do so.

This guy is a used car salesman, in the worst way... when working the pending sale, all he wanted to was to "make a deal" fast furious... and then the short sale takes months to move forward.

I am truly tempted to out this guy...I would mention his name here, but I have some decorum left, despite this fellow.

In any event, if you are listing your home for sale, make sure you have an agent that is willing to cooperate with other agents, show the house on demand, and is looking out for your best interest rather than their own.

You will be surprised how often some agents act solely in their own interest, and how often these very agents pretend to be on your side. Be careful people. Your house could have sold for more money, with better terms for you, if you had the right agent.