landlord issues

[sky_blue]

One benefit to not being in a med state is that growers aren't something landlords have on their radar. These days every rental on the west coast is on the lookout for growers, probably colorado is the same way. Oklahoma, indiana, new york etc. . . Probably not something that even crosses their mind unless you have dreads, a bob marley shirt and bloodsht eyes when you show up. I would think the main thing you want is distance. Between the property and where your landlord lives. If they're within an hour away you're going to be seeing them more often compared to further away. Second, or maybe tied for first actually is religious nuts. You definitely don't want Jesus freaks controlling your life in any way like the place you live. They will make your life hell in the mistake belief they are trying to save you. Third, neighbors. If I were in a non legal state I wouldn't want to be within sight of any neighbors I'd be way out in the country on a farm with some animals to be my cover. Set up some beehives and sell honey and goat milk on the side or something. I would be sketched out renting from someone who seems like they are in on their own game, whether they look like stoners or cokeheads. If they are into drugs or anything they will eventually want a cut of what you have as a thank you for letting you rent their place. Too many stories I heard in the triangle of landlords thinking they were entitled to an extra thousand a month, 20% of harvests or more when the shit wasn't even illegal. If it's illegal they can blackmail you hardcore, definitely I wouldn't risk that.

___________________________
I have had several landlords who "change the agreement" after things are going well and 1/2 way done (and too late to stop).
Demand money and steal from harvests. It is tough. Go 100% stealth which I don't know how to do correctly, or get a cool landlord who doesn't smoke.
If your landlord smokes, he may want quite a bit. Oh, and don't live with an MMA fighter who doesn't smoke.

 

[fractal]

There's something about a ripening garden that makes people do a complete 180 from what they thought when you started the crop. They see buds and instantly think they are entitled to it for what I don't know. Cuz the are roommates? Sorry bud you didn't want any part of the garden project when i brought it up before.Cuz they are landlords? Sorry moron I pay you rent, which is what you agreed was fair compensation for your property. Would landlords want part of your salary bonus check if they found out you got one from a normal job? It's just fucked when people see green and get envious and greedy. Check out the latest installment of "Humboldt Tales" on tokofthetown.com. . . It's based on fact, in this one it talks about people who rent from a humboldt landlord who owns like 8 properties and rents them "by the pound" actually demanding payment that varies based on how much you harvest. I wouldn't want that kind of pressure, or put up with that kind of asshole-ness. Landlord would pretty quickly be the landlord of a small shallow residence out in the woods somewhere if you get my drift!

 

[ImNorml]

I made sure my landlord was cool before I moved. Turns out he was a patient too. House had a grow set up out back, still has the holes from it haha.

 

[sky high]

Not followin ya here, boom. How is a "Land" contract different than any other contractual agreement to buy a house and what advantages are there going that route over a traditional purchase? Or..is it the same thing?

Do you own a house/houses this way?

 

[sky high]

I'm guessing I'm a bit ahead of ya on the house thing.... I have a couple of the damn things... for now. (I'm about ready to cash in on 30 years of hard work/investments..LOL)

Thanks for clarifying what you were speaking of.

I think ya may have it a bit askew on the whole "forfieture/seizure" thing though. If yer growing illegally and get tangled up with "the Feds" to the point they are looking into what ya "owe" and what you truly "own"...my understanding of it all is that you don't get to pick/choose what the Gov't can sieze....nor can you hide it. (property records and stuff follow land purchases/condo purchases/etc.) Sad to say...if they think you are worth pursuing...they will take it all because ANY assets you have will be looked upon as drug profit. (example..you buy a yacht with drug money...just cus you didn't grow pot on it doesn't mean you get to keep it)

But hey....it all works until ya get caught...as always....

be safe out there, folks

 

[fractal]

Sounds like you are talking about Rent To Own, is it the same thing?

 

[squiggly]

No not really rent to own, or lease with option to buy. Both would involve the land lord in shit. A lot has to do with the contract two. There are to s of these houses on Craigslist and other sites people are selling. It's basically people selling houses but acting like a bank for the loan

That's essentially lease to own, but without a bank getting involved.

The difference probably has mostly to do with equity and how that's accruing. It sounds to me like your equity is on the line (and not regulated) if you're allowing an individual to be the guarantor on your mortgage. If they are a cool person, this could work out really exceedingly well (for everyone).

If they are an uncool person, everyone could end up fucked. There's a reason why there's such a huge establishment as it regards the real estate industry in this country.

 

[sky high]

You have to be REALLY careful now with that "owner financing" tag...especially (on CRAIGSLIST!) with lotsa folks upside down/in possible jeopardy with the lender/bank/etc. who actually holds the (first) note. What you don't know can truly fuck you up. If it looks too good....it probably is. You don't get money back when you fuck up in this game....

Always get an attorney. If you can't afford one/thnk you can do the deal on yer own/with a handshake/verbally "to stay under the radar", you are in WAYYYYY over yer head on the entire gig.

And always remember.."contracts' are only enforceable if you have the $$ to do so in court...and even then there's no guarantees.

 

[ghost79]

yeah i see where you're going..

wish i could be of more help bro!

best of luck, but too many variables i cant give you opinions on shit that is sketch. LOL.

whatever

 

[ghost79]

You have to be REALLY careful now with that "owner financing" tag...especially (on CRAIGSLIST!) with lotsa folks upside down/in possible jeopardy with the lender/bank/etc. who actually holds the (first) note. What you don't know can truly fuck you up. If it looks too good....it probably is. You don't get money back when you fuck up in this game....

Always get an attorney. If you can't afford one/thnk you can do the deal on yer own/with a handshake/verbally "to stay under the radar", you are in WAYYYYY over yer head on the entire gig.

And always remember.."contracts' are only enforceable if you have the $$ to do so in court...and even then there's no guarantees.

How am I way over my head on the entire gig, you don't even know me, so explain yourself please...

 

[sky high]

Just as I said...if you think you can seal the deal without an attorney or have any idea whatsoever that any of this is casual or different than buying a house anywhere else in a legal sense..... simply because it's an owner-sell.... think again. You can lose this land/house just as easily dealing with an individual as you can dealing with a bank. If >something< is askew/isn't in order in the paperwork/agreement, the entire deal could go south...even years into it.

Just advising you to proceed cautiously. You are STILL dealing with a landlord/owner...and he STILL owns the property until you pay it off....just as the bank owns their note/property til you pay them off "in full".

good luck

 

[fishwhistle]

I own a few houses and ive carried paper before and am carrying paper right now on 2 homes,I never use an attorney although ive consulted them before,sky is 100% correct that the owner in effect just becomes the bank and gets to approve/disapprove the deal.I use an escrow company that spells everything out for both parties,does title search etc etc,i just carried paper on a 60k mobilehome,5 year term,25% down,my interest rate is 7% to sweeten the deal for me not getting my money up front and we split closing/escrow costs,my share(1/2)was 3000.00,freaking escrow companies rape and pillage,lol.The buyer is very happy because in five years or sooner if he pays off early he will own the mobile and the property it sits on and all for the price of rent anyways+the down payment.Id rather not carry paper myself but sometimes you gotta get creative and with the right size down i feel more comfortable with it and one more thing i would not do a deal myself with someone who does not hold free and clear title to the property,in other words if he still has a mortgage through a lender/bank THEY are first lienholders and you are second,fuck that shit im first or im not in if it was me.

 

[ghost79]

Just as I said...if you think you can seal the deal without an attorney or have any idea whatsoever that any of this is casual or different than buying a house anywhere else in a legal sense..... simply because it's an owner-sell.... think again. You can lose this land/house just as easily dealing with an individual as you can dealing with a bank. If >something< is askew/isn't in order in the paperwork/agreement, the entire deal could go south...even years into it.

Just advising you to proceed cautiously. You are STILL dealing with a landlord/owner...and he STILL owns the property until you pay it off....just as the bank owns their note/property til you pay them off "in full".

good luck

I don't believe I made a statement definitively that I am definitely going to buy a house with a landlord/owner situation. In fact, I'm a liscenced real estate salesperson agent, so believe me I'm well aware of that type of option to buy a house, and it's simply the wrong way to go about it. I completely agree with you that that's a very risky, unsafe way to go about it. The safest and smartest way to purchase real estate property is through the bank, so you have complete control over the property, and therefore you don't have to worry about the "landlord issue". In fact most of the people that do get busted is a direct or indirect result of renting out a house. Buying is the way to go if one has the money. However, if one owns a home and you get popped, there's always the risk of the FEDS seizing your house/property due to the forfeiture and seizure laws. that's why in some grow books, the author recommends you rent a house rather than buying it, because of this simple fact. However, I disagree with the author, I believe it was Ed Rosenthal that advised in one of his many books to rent rather than buy. Anyways, my idea is to move to a state with the least amount of jail time for cultivating/possession of MJ, and I believe after researching all the states in the country, Massachusets is by far the best state to do this in, besides Wyoming, and Alaska. Besides, I believe Mass is on the verge of successfully passing medical marijuana, or they might have already. I have to look into that further, which would help mitigate the consequences if things go south. I'm neighbors with MASS, so that makes it convenient too as well. And, believe me I am very patient and calculating, and am very careful and cautious on proceeding this matter. I'm also not new to this even though it may sound like that due to the original post I made regarding this issue. I just wanted to get some intelligent feedback from successful growers only to reassure what's the best choice to make when the op is indoors. I would appreciate your feedback on my approach that I stated to go about this. What do you think of my idea? Thanks bros for all your input. If you have any other input to add, please do so.....

 

[420Gator]

I use small realty companies with lots of properties. as long as rent is paid on time, every time I never hear from them. The only drawback is if something breaks I cant call them to fix it but who gives a shit

 

[ghost79]

I use small realty companies with lots of properties. as long as rent is paid on time, every time I never hear from them. The only drawback is if something breaks I cant call them to fix it but who gives a shit

So you pay the realty company and the landlord is not involved whatsoever?

 

[420Gator]

So you pay the realty company and the landlord is not involved whatsoever?

the reality company IS the landlord/owner so as long as you pay your rent they arent gonna go see what youre up to, they have better things to do than harass paying customers

 

[ghost79]

the reality company IS the landlord/owner so as long as you pay your rent they arent gonna go see what youre up to, they have better things to do than harass paying customers

How could they be the owner if it's a rental? So, you're saying the real estate companies own the rentals that they advertise? I thought that the landlord pay's the realty company money to have the realty co. rent it out for them?

 

[sky high]

RE companies often hold an inventory of properties...snatching the extremely good deals before they hit the open market/etc... and hanging on to them as investments/renting them out 'til the market is more favorable for resale. They also "manage" properties for other owners.

If you go this route....just make sure you check that lease thoroughly to ensure that it states that the house will not be listed "For Sale" or shown to prospective buyers @ any point during your lease. Otherwise, the house could be listed and shown at anytime...ending your gardening days >pronto<.

good luck

 

[420Gator]

How could they be the owner if it's a rental? So, you're saying the real estate companies own the rentals that they advertise? I thought that the landlord pay's the realty company money to have the realty co. rent it out for them?

someone else owning the house is possible but if they wanted a realty company to handle the property then they obviously dont wanna mess with it. bottom line is pay your rent and dont call them with problems about the house. change all the locks, and if u have a gate lock that too. if for some reason they wanna come check on the property tell them your busy with work and will meet them in a few days, at least thatll give u time to move/hide the grow

 

[midwestdensies]

From what I've seen renting through a realty company was the easiest and safest way. I've personally rented from landlords and they seemed always a little more interested on checking up on the homes status. The realty company never gave a fuck they just collect the money and you call them for any problems that arise. This is from personal experience in the midwest, renting for over 10 years and never staying in the house for more than a year. In short just be fucking careful and feel things out. There's nothing like intuition. MWD