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Posts Tagged ‘building’

Lewiston: Nice 2 BR Apt in Secure Building on Bus-line, Near Shopping



$750 per month, 2 bedrooms, 1 full baths,
0 half baths, 0 square feet

John Snyder | On the Spot Rental Management | (207) 713-0674
719 Lisbon St Apt 4, Lewiston, ME
This is a nice 2 bedroom apt on the 2nd floor of a secure building at 719 Lisbon Street, Lewiston... plenty of parking.
2BR/1BA Apartment
$750/month
Bedrooms 2
Bathrooms 1 full, 0 partial
Sq Footage Unspecified
Parking 1 dedicated
Pet Policy Cats
Deposit $750

DESCRIPTION

Property Type: 6 unit, 3 story apartment building.
Number of Rooms: Four (4). Spacious kitchen with eat-in dining area, living room, 2 bedrooms and bath.
Amenities: Has a back porch with separate storage shed.
Number of Bedrooms/Bathrooms: 2 bedrooms, 1 bath.
Utilities: Heat is provided as part of your rent; you pay your own electricity and hot water.
Vehicle Storage: Private driveway and parking out back. Driveway and parking lot newly re-tarred.
Neighborhood: This apartment is located in a very convenient Lisbon St location: it's on the bus-line, or you can walk if you prefer, since it is within just a couple of blocks to banks, grocery stores, restaurants and other shopping.
The landlord is attentive and has worked diligently to keep this building in great shape. There are all new windows throughout and the exterior was recently painted, as was this apartment. The appliances even look like new. It's all in great shape.
Lewiston
see additional photos below
RENTAL FEATURES

- Living room - Storage space - Refrigerator
- Stove/Oven - Porch - Controlled access
- Secured entry - Off-street parking - Hardwood floor

LEASE TERMS

Monthly Rental: $750.00 excluding electricity and natural gas for your hot water (not a separate tank).
Length of Lease: Minimum of 1 year.
Security Deposit: $750 (the equivalent of one month's rent).
Other Upfront Costs: 1st month's rent.
When Available: Immediately.

This is a quiet, secure building with an on-site building manager. No smoking inside the building. A maximum of two cats are allowed for a monthly pet fee (non-refundable) of $10 per cat. Sorry, no dogs.

ADDITIONAL PHOTOS


Kitchen

Kitchen 2

Kitchen Cupboards

Kitchen Windows

Kitchen Windows

Bathroom

Bedroom & Closet

Exterior of Building

Woodwork
Contact info:
John Snyder
On the Spot Rental Management
(207) 713-0674

Posted: Jun 3, 2013, 3:25pm PDT

Getting a Divorce? Consider a Neutral Interim Third Party to Manage that Real Estate…

February 19, 2013 Leave a comment

Divorces stink. No way around it, and no matter how cordial everyone’s trying to be. The easiest divorces are usually those where there are no kids, no wealth and no real estate involved.

Add any – or all – of those three into the mix, and it suddenly gets very complicated. No matter how well you used to communicate, or how much you once trusted the other person, questions can start popping up….

A divorce when real estate is involved can get nasty really fast. Who’s in charge of the day to day management? Who collects the rents? Who pays the bills? Who’s pocketing money or squandering it on personal – not business – expenses? Is the property for sale – and if so, who’s hiring the broker, and who’s agreeing to the listing price? Are the lawns being mowed? Are the furnaces being maintained? Are the units being filled? Are those bills really being paid?

We know of several situations in which a divorce dragged on and on not because of arguments over the kids or someone’s affair or who gets the house… but because of the real estate. Even when it’s in one partner’s name, fights over real estate can get very messy, and keep a divorce in the courts for far longer than is good for anyone (except the lawyers).
Image - Broken Heart Line Drawing
If you own real estate and are thinking of getting a divorce – or are already in the midst of one – you might want to consider hiring an interim property manager to handle the finances and day to day management of the property. (Or you could ask the court to appoint someone, in which case both you and your spouse will be asked to provide the names of 2-3 property management companies along with their fee structures.)

Yes, you’ll pay around 10-11% of the rental income to the property manager (some of which might have ended up going to the legal guys anyway), but you’ll rest easier knowing exactly what’s going on with that real estate.

One quick tip… Make sure the property management firm you choose is impartial. This doesn’t necessarily mean that you should choose someone you don’t know, but it definitely does mean you should choose someone who knows that his job is to manage the real estate to the best of his (or her) ability – and not to get involved with taking sides in the divorce.

As I said, divorce stinks. Take a bit of the pain away by letting someone else manage the headaches of the real estate for a while.

I Want to Find an Apartment for $350, Part 2.

February 8, 2011 Leave a comment
Part two.
 
In order to keep my previous blog reasonably short and readable (a prospective renter was looking for a $350 per month apartment in her town – a town where Fair Market Rents for FY 2010 were $705 per month, or twice what she was looking to pay), I didn’t go into some possibilities the prospective tenant could look into.
 
I’ll offer some thoughts here.
 
Note: the prospective renter did not explain why she only had a $350 per month budget.  It could have been that she and her fiance were choosing to save as much money as possible for some big event (such as getting married), or it could be that they just plain don’t have the money.
 
Either way, an apartment that fits the budget she’s offered will be hard to find.  There are options, though and I hope one of them works out for her.  Obviously she’s trying, since she posted her request on line.
 
a) The renter and her fiance could move into a larger apartment with some friends, and all could split the rent.  This has been happening more and more lately, as families and friends double up.  While some landlords don’t like it, others are okay since they believe they have a better chance of keeping the unit rented.
 
b) The renter and her fiance could consider moving in with a family member temporarily.
 
c) The renter and her fiance could go to General Assistance for short-term help or Section 8 (I know… there’s a waiting list).
 
d) The renter could try to find a family willing to rent out a room or two, even if it weren’t an actual apartment.  She might do well to post on church bulletin boards or meet with her pastor regarding her situation.
 
e) I’m presuming she wants to stay in her current small town for work or other reasons.  If not, then it might be worth moving to a less expensive town or county; again, it could just be temporary.
 
I suspect the prospective renter has considered all of these option, but wanted to throw them out anyway.

I’m Concerned My Apartment Building May Be For Sale

February 5, 2011 1 comment

A recent post on Trulia asked: “I’m concerned the building where I’m renting an apartment will be up for sale. Is it now? Can I be alerted if gets put on the market?”

One real estate agent out of the southwestern U.S. stated that the tenant would be able to tell because all Realtors will put a lockbox on the apartment building. Another Realtor more correctly responded that a Realtor may or may not put a lockbox on the building.

Here’s our response:

I agree with the last Realtor’s response that the lack of a lockbox doesn’t mean anything. The property could be for sale by owner, or the owner might choose not to have a lockbox on the building. Or it could be in foreclosure, or it could not be for sale at all.

In Maine a property can be searched by the general public by going to http://www.mainelistings.com. You’ll be able to find out if your building is currently for sale by inputting your address. However, this doesn’t necesssarily solve the poster’s question, if the property is for sale by owner, or if it’s in foreclosure.

The law states you must be given 24 hours notice for any kind of inspection, which includes allowing a potential buyer to look at your apartment. Unfortunately, it is entirely possible that a landlord would put a property on the market without telling the tenants until the first buyer showing is scheduled… and that could be when you first find out. It happened to a friend of mine.

I don’t know how many units your building contains but the reality is that the more there are, the less likely a potential buyer will want to see yours on a first showing. (Many multi-unit buyers don’t go through every single unit the first time through; they just want to get a sense of whether the property would be a good investment.) If you’re in a larger building and the tenants don’t talk to each other, it’s possible a potential buyer would go through one of their apartments and not yours.. and you’d never know.

Is there a reason why you’re worrying about this? Has the landlord been having difficulties paying for heat or other bills? Have “insurance companies” been around, taking pictures? Often that’s an indication that something is up… the so-called insurance company is actually an appraiser or Realtor.

If the building does go on the market to sell, your best bet is to make sure you are current with your rent, and that you’re keeping your apartment in excellent shape. A new landlord won’t usually want to lose a good tenant.

If there’s a possible foreclosure in the horizon, you’ll still want to stay current on your rent in order to have good references when it’s time to look for a new place to live.

If you find yourself in a difficult position and need a new rental, please give John “Johnny On the Spot” a call at 207.713.0674.

In the meantime, unless there are some things going on that you haven’t mentioned, it sounds like you’re okay – no sense in worrying about something that may not be an issue at all.