Відео

Thanks for watching my video. Feel free to contact me at 240-793-7495 to answer any questions for you, or to help out.

At least they roll away, this stays in one spot. Glad I am not near one.

Thanks for watching my video. You're 100% right it was in for about 15 years. LOL....to flippers still love it!! 😂😂

Hey....thank so much for checking out my video. Let me know if I can help in the future.

@@KevinGrolig maybe I'll see you at a Compass Retreat one of these days! I'd love to talk UA-cam with you.

💯....thanks for watching my video.

Hey thanks for watching my video. I did have that experience 20 years ago, where the owner held over for nearly 3-4 months. Because of the hoarder situation, me and my clients were leery that he would be able to move in time however so we negotiated the rent would be tripled for the first 30 days after the expiration, then some ungodly amount days 31-60, and so on and so on. Long story short, my client had no problem with it whatsoever since he was making so much money during the seller holdover period. Fortunately in this case we were prepared ahead of time, and had written terms into the rent back agreement that more than protected him. He also had a home he was living in that he planned to rent out after he moved into the new one. You bring a valid point. It certainly can happen. I would avoid rent backs whenever possible however sometimes they are necessary.

@@KevinGrolig any suggestions or videos about what buyers can do to protect themselves if they have to do a rent back?

I am hoping you're not in this situation right now. If so, I would speak to a local real estate attorney. I think the best way a buyer can protect themselves is by not agreeing to a rent back in the first place. This may mean missing out on a home where the seller requires it, but that's where one needs to balance risk vs reward. I would definitely say, you lessen your odds of a problem when you can clearly see the home sellers keep their home in immaculate condition and have a very clear and concise date and address they are moving to. If the home sellers are hoarders, or let's say the home is in disrepair, that's a red flag. If the home sellers are unclear about the date and location they are moving to, that can be a concern as well.

@@KevinGrolig thanks. Currently looking to buy but it’s such a sellers market right now, it’s seeming less and less likely we’ll ever get anything. It’s like the buyer needs to assume all the risk and the seller has no risk. High home price. High interest rate. Wave the inspection. 2 months rent back for free. It’s just impossible for first time homebuyers.

@@Kopaka-ep7ug yeah...it's not easy being any buyer, let alone a first time homebuyer. Are you living in the DC area? If so, the market has softened greatly over the last 2-3 months. The last few sales I've had there's been no competition, buyers have been able to negotiate some as well as getting home inspection and appraisal contingencies. Let me know if I can help you in any way. Feel free to hit me up by text at 240-793-7495 📲📲

Also, that second home provides more room to store stuff.

@dq7143 good point, but are you looking at that as a plus or minus??

@@KevinGrolig, For me it’s an absolute plus. I live in two different states. I absolutely Hate CA. but I have family and business reasons I must stay for now. My home in Arizona has been a lifesaver for my sanity over the years. I have many rental properties that have done very well but they are business not security. My homes definitely reflect mine and my wife’s personalities and humans need a home for comfort and security.

Thanks for checking out my video. All the best!!

Baltimore and the county have the light rail, also run and built by MDOT; that serves less people through a lower populated area. Where else would be build dedicated rail transit, Kent island?

That's awesome, and certainly tempting!! Where do you live full-time. Thanks for watching my video 🎥🎥

@@KevinGrolig I live half the year in NYC and half the year in FL. I actually prefer living in FL; however, I cannot tolerate the summer heat/humidity, so I will never live there full time.

Having a 2nd home is not for weak heart but for folks who don't mind being uncomfortable. Yes it does require attention and painful to manage if you have tenants but it can also work in your favor if you have decent rainy day fund to handle last minute surprises. If you prefer sured returns invest in CDs. All the points you have in there Kevin are on point.

You are very welcome. Thanks for watching my video, and let me know if I can be of any future help. 👍

@@KevinGrolig In your opinion, what is the most dangerous part of Montgomery County MD?

lol...they're thick as thieves in all parts of the county. We're also seeing more fox in MoCo than ever before, and hell a black bear was chilling out earlier this year in DC. No joke! 🤦‍♂️🤦‍♂️

@@KevinGrolig Wait, so you're telling me that there is a very high chance I can spot deer in Bethesda and Silver Spring?

@@TheLegion-l7x 100%

@@KevinGrolig But were not talking about the District of Columbia. And I have seen deer in Montgomery County MD, just not in the southern parts of Montgomery County such as Bethesda, Silver Spring, Friendship Heights Village, and even Chevy Chase. Now I have seen deer in the more rural parts up north in Montgomery County like North Potomac, Germantown, Hyattstown, and Damascus.

I have generations of deer that come to my yard and I like them. We are seeing less than we used to and now they want to put yet more apartments in here and drive what little wildlife is left out and crowd out the homeowners. You won't see them in downtown SS,, but they struggle to survive in the urban forests.

Agreed.

LOL....Many of them are. Hang in there sparky. Let me know if you need help selling your HOA home. 😏

LOL...That's awesome. I assume you sold the condo...right?

@@KevinGrolig I sold it to the first person I let through the door. I told four or five people on the phone that it didn't sound like they were ready or it wasn't for them and one guy knocked on the door and had a big frown on his face when I opened it so I wouldn't let him in.

Congratulations on that. I'm going to do a follow up video on Never buy a condo. While HOA's can be difficult condos are worse. Since the Surfside incident a few years back, there has been a lot of changes that can make it insufferable for condo unit owners. Thanks for watching my video. 🎥

lol....not sure why you were recommended my video, but feel free to share it with the rents!! 👍👍

lol....thanks so much for watching my video. I hear you. It sounds like you've had some issues with them in the past or present?

Thanks for checking out my video. If you rent in an HOA, you still need to abide by the community rules and regulations. In the end, you and your landlord don't make the call as to what's approved and not approved. If you're renting outside of an HOA, of course that's different. We could always argue the rent vs buy scenario. That's certainly a personal decision where there are no rights or wrongs. I rented for nearly 10 years after I was divorced. At first it was simple economics but later I continued to rent because I needed to buy time while I determined what the second half of my life was going to look like. Purchasing a home gives you stability. There is no worries about the landlord raising the rent or selling the house. Owning a home builds equity along with tax advantages. Thanks again for checking out my video.

Thanks for watching my video. You are correct, the HOA does have the ability to foreclose on your property but I wouldn't consider it a con when a buyer agrees in writing to abide by the covenants, bylaws, rules and restrictions as well as pay the monthly fees prior to purchasing the property. Ultimately the HOA fees are just the same as your mortgage and your taxes. If you pay, you stay. If you don't, you won't!

Glad to hear you're having a positive experience with your HOA! The right set of rules can really help maintain the neighborhood and keep things running smoothly. Thanks for sharing your perspective!

@@KevinGrolig They are strict rules and we love that.

Thanks for checking out my video. I'm good with the rules in mine as well.

Sounds like you had quite the experience in your co-op! Board overreach can definitely be frustrating, and you're right, fees rarely go down. It’s a tough balance between maintaining property value and not feeling micromanaged. Thanks for sharing your story!

Maintenance costs and taxes never go down and it makes no difference whether you're in an HOA or not. Condos aren't for everyone, but people that shriek over fees talk like costs don't rise for single family residences. But of course they do just as fast.

Thanks for watching my video. You're right, don't expect HOA fees to go down. HOA fees just like housing and consumer goods are only going up. I think the biggest question or concern about an HOA is being self aware enough to know whether or not, you look at the rules and restrictions as a "net positive" for the whole community or an infringement upon your personal homeownership rights. I think if you can self evaluate yourself first, you've most likely made it 95% of the way to determining whether an HOA is or is not a good fit.

@@KevinGrolig 100%. Know thyself. It also seems to me you pick your HOA board when you pick your neighborhood. The place I used to live I'd never buy a condo, for the simple fact that though it was safe and everything, the demographic was such that there would be excessive infighting. Moved to a nearby more exclusive town in a nice neighborhood, and voila. People are chill, and the HOA board is chill. For the same reason colleges that effectively screen out the lower income have better students. I also made sure no units above us and only 1 shared wall to minimize issues. People buy without thinking ahead, and then complain about things that are entirely predictable.

Thanks for sharing your experience! You make some really good points, especially about the balance between protecting community property and maintaining personal freedom. It's true, in multi-dwelling units like townhomes, HOAs play a bigger role due to shared spaces. The satellite dish example is a great one - it’s more about protecting the property than micromanaging. For single-family homes, I agree, the need for an HOA can feel less critical unless there are specific amenities like a golf course. It’s definitely not a one-size-fits-all solution.

I would only live in a small complex. Mine is 42 units and like the author I'm about 85% satisfied.

Absolutely spot on! The protection of property values and the sense of community are definitely big pros. But yeah, when the board or management overreaches, it can quickly become frustrating. Have you ever had an experience where the HOA took things too far?

Great question! It would be ideal, right? Unfortunately, most HOAs bundle property maintenance with rules and restrictions to maintain uniformity and protect property values. Some communities may offer maintenance services without strict rules, but they can be harder to find. It's all about balancing convenience with the level of control you're comfortable with!

Because there are always owners who will do their own thing, violate the rules, causing the board to overreact and then everyone suffers.

Awesome!

Glad it was helpful!