Neighboring condo rental unit suspicions | TigerDroppings.com
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Redfin
LSU Fan
Member since May 2011
134 posts

Neighboring condo rental unit suspicions

Not sure if this is the right board but I assume some of y'all with investment properties have run into this situation...

A few units down from my rental unit in a nice gated condo community on brightside, a condo went into foreclosure after sitting vacant for a year. Now it has 3 new tenants, with 2 people in their 20s and 1 in their 50s. Their 2 cars have been wrecked and almost all of the cars windows are duct taped or Saran wrapped and have mismatched rims. I am worried about the image this will give when it comes time to re-rent my unit.
I am not trying to be judgemental, just trying to stay on top of my investment.
Would it be improper if I called the condo association to make sure it is not section 8 housing or anything like that? Is there a website that displays this type of information?



boosiebadazz
Member since Feb 2008
49350 posts

re: Neighboring condo rental unit suspicions
Check the tax assessor's website and see who owns the property. Most sites will give you a number of the public record by which they got the information. If you really are that worried, go down the the courhouse and pull the record and see who owns it and what they paid for it.
This post was edited on 9/17 at 1:08 pm


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LSURussian
LSU Fan
Member since Feb 2005
85145 posts

re: Neighboring condo rental unit suspicions
Possible squatters??? The owner (or, the bank if bank-owned) may not know their property is being occupied.

I would definitely check it out.


AngryBeavers
LSU Fan
Member since Jun 2012
4554 posts

re: Neighboring condo rental unit suspicions
quote:

Possible squatters???


This was my first thought.


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I Love Bama
Alabama Fan
Alabama
Member since Nov 2007
33818 posts
Online

re: Neighboring condo rental unit suspicions
Sounds like an investor bought it cheap and has section 8 rats in there.

I'd be surprised if squatters were in a gated community.
This post was edited on 9/17 at 2:01 pm


LSURussian
LSU Fan
Member since Feb 2005
85145 posts

re: Neighboring condo rental unit suspicions
quote:

I'd be surprised if squatters were in a gated community.
Why? It happens frequently in condo developments. A yard man, let's call him Pedro, is told the gate code, he tells his buddy Fernando and........


Jwodie
LSU Fan
New Orleans
Member since Sep 2009
5869 posts

re: Neighboring condo rental unit suspicions
quote:

Pedro


thugPOS


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AUFanInSoCal
Auburn Fan
The Hotel California
Member since Nov 2007
930 posts

re: Neighboring condo rental unit suspicions
quote:

Their 2 cars have been wrecked and almost all of the cars windows are duct taped or Saran wrapped and have mismatched rims.


Check the condo assn CC&R's against unsightly vehicles on property. Do the cars run?


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PlanoPrivateer
LSU Fan
Frisco, TX
Member since Jan 2004
1459 posts

re: Neighboring condo rental unit suspicions
You must have a very weak or no condo association. I know some condo owners bitch about this them but mine won’t put up with anything like that. Do you have a management firm? If so, contact them in writing and copy the president of the condo assn.


BayouBengal
LSU Fan
München
Member since Nov 2003
26768 posts

re: Neighboring condo rental unit suspicions
quote:

You must have a very weak or no condo association.


No kidding. I got a certified letter because I left my garbage can out too long.


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