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serrow

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About serrow

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  • Birthday March 13

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    TYROME.YAMAGUCHI@UHF.HAWAII.EDU
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    SERROW9

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  • Location
    HONOLULU, HI
  1. yes, i like the naked contracts but I've found that it's not that great when it comes to maintenance and repairs. I'll enclose the expert from our tenant landlord code. Looks like in my state, Hawaii, landlords are required to do maintenance. so t he MC contracts for me need some mods = = = = = = By law, the landlord is obligated to make repairs due to normal wear and tear or maintenance required as time goes by. In all repair cases, the landlord has a good faith requirement to start the repairs as soon as possible. However, Hawaii law also states that the tenant is responsible to repair any problem caused by his or her misuse. If emergency repairs are needed to maintain sanitary and habitable conditions, including the repair of major appliances and necessary facilities, the landlord must start repairs within three business days from the time of notification. If, for reasons beyond the landlord's control, repairs cannot begin within three business days, the landlord must inform the tenant of the reasons for the delay and give an expected date on which repairs will begin. If non-emergency repairs are needed, the tenant should notify the landlord in writing. The landlord should start repairs within twelve business days after receiving the written notice. If, for reasons beyond the landlord's control, the repairs cannot begin within twelve business days, the landlord should notify the tenant of the reasons for the delay and give an expected date on which repairs will begin. If the landlord cannot uphold the second date of starting emergency and non-emergency repairs, the tenant can do the repairs him or herself or hire a competent worker and, in either case deduct up to $500 from the next month's rent for the cost of repairs. The tenant must provide the landlord with copies of all repair receipts. When the tenant exercises his or her right to put the landlord on notice to make a repair, the tenant is also required to list every defective condition that the tenant knows or should know of. If the tenant fails to list a defective condition, the tenant must wait six months to use the notification procedures again. However, this six-month limitation does not affect conditions that arise after the notice was given to the landlord. If the landlord has been cited with a violation by the Building or Health Department, the landlord must start repairs within five business days after receiving the written citation. If, for reasons beyond the landlord's control, the repairs cannot be started within five business days, the landlord should notify the tenant of the reasons for the delay and give an expected date on which repairs will begin. If the landlord cannot uphold the second date, the tenant can perform the repairs and deduct up to $500 from the next month's rent. Otherwise, the tenant can get two estimates of companies who can correct the building or health code violation, and submit the estimates to the landlord. The landlord has the option to substitute workers and materials. If the landlord does not make a substitution of workers or materials, the tenant must hire the worker with the lower estimate and deduct up to $500 or one month's rent, from the amounts owed to the landlord, whichever is greater. The tenant must provide copies of repair receipts to the landlord.
  2. this agreement is given to any landlord for a buck a piece.
  3. I got my hands on our Honolulu BoR lease agreement and was wondering how many of you use a canned contract like this. It would in no way confuse any seller or buyer that it was a true lease (with option) but I'm afraid it may lack some of the clauses or innovation needed to do a good CA. I'd love to post it, but they limit who can download the electronic version. would anyone care to take a look? already seems like my city (Honolulu) requires landlords to do repairs so that one is out. please PM me if you'd like to see this thing.
  4. whirring away for sure. If I do not keep motivated and keep it in the front of mind, I am always afraid this learned knowledge will go the way of a hobbie... so, trying my best. Michael, you're killing my search abilities tho... normally in a forum, one reads the postings with 3, 4 ,10 replies. Your replies do such a good job wrapping up a topic that no one else needs to chime in. Lets just say there are A LOT of postings with only 1 reply. darn hard finding all the really hot topics - I'm complimenting you if you miss it. thanks for everything.
  5. Hi folks, have a question on the OPTION TO PURCHASE AGREEMENT for a CA specifically. here's what i know. 1C - full purchase price is listed here. This I believe will be the agreed upon price by the eventual T/B (rent credits and option consideration will bring this down to the seller's net price) 3 - option consideration to be listed here. i assume this is the option consideration that the eventual T/B would give to me. now..... assuming that the first step in the CA process is to secure the seller a CA residential lease and this OPTION TO PURCHASE, how in the world would i fill out these fields with a final price, and option consideration without a known T/B? My mind works best when i can walk through a real life scenario. hope my question makes sense... i tried good searching, but quoted searches do not always find the right postings. hope to get some great insite.
  6. Hi, I've been reading over at the creativeinvestor site and there is a naysayer of CAs over there. Here is a thread for example. http://www.thecreativeinvestor.com/ViewTopic63652-25.html what do you all think? I for one would certainly like to know which states assigning options are not allowed. I have yet to really find myself a good RE attorney and frankly, during my knowledge stage Ido not have a lot of moolah to dial one up all the time. Does anyone know the status of which states are not good for Cooperative assignments? Thanks
  7. CA Residential Lease Agreement CA Assignment of Agreement. Option to Purchase Agreement sorry... slowing it down again, but I always appreciate posts that go a little on the elementary side. I think I will play this one with a scenario. Let's assume for a moment I am the CA SPECIALIST CA Residential Lease Agreement - between me and t/b CA Assignment of Agreement. - between me and t/b Option to Purchase Agreement - between me and seller, passed to t/b after the assignment. so what document do I when I find a seller, and want to lock in leasing terms (knowing I aim for a CA)?
  8. THANKS! The manual was a quick read but the forms are where I am really spending most of my time. I'm working to build me a mental FAQ so i am sure i will send a lot of questions to the list.
  9. so for a straight CA one would not use the RESIDENTIAL LEASE WITH OPTION but rather just the option to purchase agreement residential lease assignment of agreement is this correct?
  10. I scanned through a few state landlord tenant codes and I saw a recurring theme of maintenance being the responsibility of the landlord unless it was due to damage caused by tenant. Here's a sample of my own state's law (hawaii). By law, the landlord is obligated to make repairs due to normal wear and tear or maintenance required as time goes by. In all repair cases, the landlord has a good faith requirement to start the repairs as soon as possible. However, Hawaii law also states that the tenant is responsible to repair any problem caused by his or her misuse. http://hawaii.gov/dcca/areas/ocp/landlord_...t_msg/7663.html This does tend to throw out the window of asking the tenant to cover repairs, or asking them to cover the first $X. I cannot imagine this does not come up in other states. what are you guys doing to overcome this?
  11. Hi folks Has anyone ever developed an excel formula or worksheet to qualify deals? I imagine that there is a little gut involved but numbers are numbers and always a great starting point. If there isn't one, i wouldnt mind taking a stab at it. It'd be sharable for all.
  12. Hi folks, I got my packet today. So far I am only through the first pages dealing the in the general issues, I am interested in delving into the more advanced topics. I put my feelers out there to a lot of folks throughout these message boards and did not have any negative comments, and a few of them had said it was key in helping with the deals they've made. I hope to keep you all up to date with my progress. I am a direct mailer and fundraiser by trade so I hope to use some of my expertise in this area to help me market my local area. will keep you all informed.
  13. Don't forget handsome and debonair, too. saWEET!!!! I'm pretty new at this but a voracious information soaker. did i miss the selling price? I was starting to feel like the board got quiet right after me finding it. My manual is on its way and I look forward to the same type pf message. I'm no walmart worker, but it would be great to have a hobby actually pay me for once.
  14. I'd be a little concerned with the lack of due diligence for #2 and #3. what happens when you sing the praises of rent to own only to hook up a buyer with a seller with liens on the property? i mean, i could be a real selling point to do those tests (costs passed to buyer of course) and really offer a bit more safety.
  15. aww shucks, i was really looking to read the outcome here.
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