Anyone has experience with "We buy Ugly houses" guys? Please help

[webzter]

Originally Posted by rcsteiner

How do you rent a property out when you're out of town?

You find a reliable property manager. They will charge 8%-10% of rent in exchange for finding tenants, collecting rent, evicting problem renters, advising you of repairs that need to be done, and lining up repair persons.

Check into city ordinance before renting. Some cities require you to register as a rental and renew yearly (the fee is typically small). Some require professionals to do all repairs (you can't have your uncle bob come over to fix the broken railing). Most all will require a fire inspection.

There are some legal steps you may or may not want to pursue to protect yourself as well. Nolo has some excellent books on how to be a landlord that are worth the $30 for anyone that wants to pursue this.

[marmac]

speaking about renting a house out--------------I recieved a letter last week from my insurance company to all policy holders that state the insurance company will NOT cover a house that uses a wood stove or wood burning fireplace (inside the house )if the owner does not reside there.

I applaud their decision.

[Mumof3]

Good and bad is said about them. Homesvestors is the company and they will basically skin you to the bone. But why not approach them at least and get their offer? It will likely be extremely lowball?

Here's the skinny on them:
Who buys those ugly houses? - BusinessWeek

Is "We Buy Ugly Houses" also known as HomesVestors a legitimate business and worthwhile avenue to selling

[orange869]

I get a kick out of all the advise. Its not your agent-- its your price. Does anyone beleive an agent can sell a 200k house for 300K-- does anyone beleive an agent can sell a 200k house for 150k-- price it right and use an agent that tells you the truth and charges reasonable fees-- do not pay an extra amount to the buyers agent like some guy suggested. PRICE IT RIGHT AND IT WILL SELL

[Sarah Maske]

This is a very different market than it was a few years ago, for sure. I would be very interested in hearing what people are expecting from their realtors that they are not receiving. Any specific details would be interesting to learn about. (not trying to hijack thread, but perhaps we can learn from those answers and how they could apply or not apply to Homevestors).