Real Estate Investing Forum

This forum is for discussing real estate investments, real estate investing, creative real estate techniques, and all other real estate investing related subjects. Your Hosts: Jim Ingersoll and Marko Rubel

Jim Ingersoll is a successful author, entrepreneur, real estate coach, and active real estate investor who has bought and sold hundreds of houses. Jim’s passion is investing in real estate without bank financing, putting together creative real estate transactions, speaking, and coaching others. He is the author of:

  • Investing Now: An Insiders Guide to Flipping Houses For Income Today

  • Cash Flow Now: How To Create Multiple Streams of Real Estate Income
  • Jim is also HEAD COACH at our coaching site:

    Marko Rubel is a leading authority on creative real estate investing, specializing in pre-foreclosures. He is known for creating automated systems that enable investors to skyrocket their profitability quickly.

    He is an active, full-time investor who has bought and sold more than 300 properties, earning profits exceeding $1,000,000 in a single year, while working only a few hours per deal. He is the is the author of several excellent real estate investing courses:

    Topics include Foreclosures. Subject To, Short Sales, and Lease Options.


    Closed Thread
     
    Thread Tools Search this Thread Display Modes
      #1  
    Old 10-08-2008, 04:56 PM
    import's Avatar
    import import is offline
    Banned
     
    Join Date: Jun 2008
    Posts: 0
    Default Having tenant confirm their utility information - Posted by Wendy

    Posted by Wendy on October 08, 2008 at 16:56:08:

    I wanted to know if there was anything illegal about making sure that tenants have their utilities in their own names (particularly their water). This is in compliance with their lease.

    I wanted them to provide the name the account is in and the account number so that I can verify it.


      #2  
    Old 10-08-2008, 09:34 PM
    import's Avatar
    import import is offline
    Banned
     
    Join Date: Jun 2008
    Posts: 0
    Default I always call and put in a disconnect order - Posted by Rich-CA

    Posted by Rich-CA on October 08, 2008 at 21:34:54:

    to take effect shortly after they move in (or even the day they move in) and I inform the tenant they need to call to turn on utilities effective their first day. If they forget - no utilities. Its their problem not mine. I also don't have to verify anything with the utility company until I transfer utilities back.

    Since you did not do this in advance, call the tenant and tell them the date your disconnect order will take effect and let them know they need to have their connect order in before the disconnect takes effect.


      #3  
    Old 10-10-2008, 09:11 PM
    import's Avatar
    import import is offline
    Banned
     
    Join Date: Jun 2008
    Posts: 0
    Default Re: I always call and put in a disconnect order - Posted by Wendy

    Posted by Wendy on October 10, 2008 at 21:11:58:

    That is such great information. Thank you very much for the info. Can you do that to the water bill as well?


      #4  
    Old 10-11-2008, 10:15 AM
    import's Avatar
    import import is offline
    Banned
     
    Join Date: Jun 2008
    Posts: 0
    Default It depends - Posted by Rich-CA

    Posted by Rich-CA on October 11, 2008 at 10:15:25:

    Each utility handles things differently. The disconnect order is pretty much a given for all utilities and services, and you can set the date in the future but how far will depend on the specific company/service. Some utilities have a great feature, like Colorado Springs, where if they have to "disconnect" a tenant's utilities for non payment, it automatically reverts back to the owner. That way the pipes don't freeze and burst in the winter for lack of heat.


    Closed Thread

    Thread Tools Search this Thread
    Search this Thread:

    Advanced Search
    Display Modes

    Posting Rules
    You may not post new threads
    You may not post replies
    You may not post attachments
    You may not edit your posts

    BB code is On
    Smilies are Off
    [IMG] code is On
    HTML code is Off

    Forum Jump


    All times are GMT -7. The time now is 05:17 PM.