Bell Katrina A from Miller Alexis, 500 Basin St NW, $135,000.
Blanke Robert from Sole Patrick, 6000 Beth Ave SW Lot #13, $1,500.
Bossler Ryan D from 6535 Blough Ave LLC, 6495 Blough Ave SW, $169,000.
Gantzler Timothy A & Susan M from Wallace Guy S & Tormasi Wallace Victoria, 6070 Kemary Ave SW, $165,000.
Healey Drouin S from Stewart Mark A & Thomas Christina A Trus, 943 S Canal St, $174,000.
Simpson Harry Brian & Michelle Lee from Classic Custom Homes and Remodeling LLC, 2294 Summer Evening Dr, $262,000.
Aldridge Tammy L Hupp from Cassidy Sherrie L, 7264 Raleigh St NW, $201,000.
Byrd Amy M from Ford Stephen C & Lori L, 5593 Choctaw St NW, $195,000.
Labeau Colin & Danielle from Maringo Gerald J & Paulette D, 6680 Culpepper St NW, $484,900.
Lancashire Linda L from Murphy Theresa L, 4703 Hills and Dales Rd NW, $100,000.
Mcclure Randall L & Lynn M from Sutton Jim G, 4195 Wales Ave NW, $125,000.
Nitowski Raymond from Johnson Thomas E & Jennifer B, 6637 Groton St NW, $255,000.
Pantzer Mark D from Pantzer Mark D Trustee, 8692 Milmont St NW, $140,000.
Pizzino Roseanna from Vesy Nicole R TTEE/NICOLE R Vesy Revocab, 8354 Yorkshire St NW, $472,100.
Pursley Kimberly L from Barkett James L & Phyllis I, 5762 East BLVD NW, $338,500.
Quezada Jesus Aldair Mireles & from Milavickas Darlene M Trustee / Lebeau Fa, 6205 Lake O Springs Ave NW, $164,900.
Schlechte Justin Robert & Colleen Marie from Lehman Lester J & Melissa R, 6743 Militia Hill St NW, $435,000.
Sobie Daniel K & Jillian E from Millimen-Tola Amy, 5917 Pawnee St NW, $520,000.
167 Group LLC from Henry M & Associates LLC, 167 Lincoln Way E, $175,000.
Austin Claudia A from Habitat for Humanity, 1621 13th St SE, $130,000.
Baisden Robert Lee III from Hartleben Melodie, 1625 Jolynn St NE, $161,000.
Battle David M from Patterson Shane W & Robin L Trustees / P, 954 Lincoln Way W, $105,000.
Bocoi Enterprises from Bourquin Nichole, 142 Penn Ave SE, $17,500.
Border William L III & Lunsford Candy J from Schindler Ryan, 2142 Mayflower Ave NW, $137,000.
Huntington National Bank from Martin Linda S, 411 Korman Ave NE, $78,500.
Jordan Kelly Ann from Stewart Mara & Swink Alicia, 882 Wales Rd NE, $145,000.
K S Yoak Enertprises LLC from Bennett Carl E III, 105 9th St SW, $26,000.
Mclaughlin Clayton Jon from Crabtree Christopher Michael & Disbennet, 917 North Ave NE, $93,000.
Reese Jonathan W from Bushman Samantha L, 704 11th St NE, $125,000.
US Bank Nat’l Association from Stewart Harry O & Jean A, 823 12th St SW, $40,000.
Wallace Elfrida from Habitat for Humanity East Central Ohio, 1719 Tremont Ave SW, $93,900.
Evanich Rudy W & Judith A Ttees from Minerva Banking Co, parcel 4201590 West St, $125,000.
Evanich Rudy W & Judith A Ttees from Minerva Banking Company, 108 N Main St, $125,000.
Oana Eli F from Blanchard Nancy J, 309 E Lincoln Way, $42,350.
Squire Roger & Fishel Denise from Hardesty Katherine S, 2038 Union Ave NE, $275,000.
Airgas USA LLC from TJ Investments Am LLC & TJ Investments, 4664 Faircrest St SW, $1,040,000.
Becher Lisa M from Pidgeon Brock, 2868 Alex Neal Cir SW, $289,900.
Campbell Raymond L & Mick-Campbell from Vincent Richard D, 1422 Woodlawn Ave NW, $157,900.
Crues Justin G from Vanvalien Melissa A, 234 Manor Ave NW, $145,000.
Cunningham Bianca J from Lang James, 5208 4th St NW, $182,000.
Dash Residential LLC from Brown Gary T, 1144 Southview Cir NW, $134,900.
Davis Scott & Misty from NVR Inc D/B/A Ryan Homes, 6041 Lavenham Rd SW, $357,640.
Ivanic Anthony & Amber from Vespar LLC, 244 Pershing Ave NW, $175,000.
Ketterman Jordan Patrick & Micki Ellyn from Hogan Vickie L Aka Vickie Lee, 4516 15th St NW, $196,900.
Kincaid Christina D from Nussbaum Kristopher, 7277 Gauntlet St SW, $315,000.
Machamer Matthew & Mallory from Bennett Austin T & Mackenzie B, 5215 Nave St SW, $221,000.
Mcadams Macy J from Sugar Bay Properties LLC, 303 Pershing Ave NW, $142,000.
Montgomery Debra R from Amazon Enterprises LLC, 1624 Sherwood Ave NW, $186,000.
Montgomery Street Homes LLC from Ajsj LLC, 1451 Saratoga Ave SW, $113,000.
Montgomery Street Homes LLC from Ajsj LLC, parcel 4306091 15th St SW, $113,000.
NVR Inc., A Virginia Corporation, DBA from Dehoff Agency Inc, parcel 10013302 Lavenham Rd SW, $60,000.
Phillips Brock P & Aaliyah A from Andreotti Michael v Tia L, 2592 Brooklyn Ave SW, $167,000.
Reinhart Brian C & Ashley N from Mcmahan Cindy J, 1740 Perry Dr NW, $265,000.
SFR3-040 LLC from Burns Joseph F, 123 Saratoga Ave SW, $80,000.
Stevenson Kelly M & Aegerter Samuel C from Degasperis Christopher, 117 Cayuga Ave NW, $130,000.
the Spring Electric Co from the Spring Electric Co, 4676 Faircrest St SW, $144,150.
Troxell Kayla Lee from Oakvale MGT LLC, 4898 Oakvale St SW, $130,000.
Watkins Donene from Mills Mark, 5616 Faircrest St SW, $411,400.
Wolford Keelyn & Milnes Tyler from Ah & S Family Trust, 300 Rohr Ave NW, $110,000.
Big D Real Estate LLC & LK1 Investments from Baum Gerald E, 100 Dartmouth St SE, $116,600.
JB Yoder Enterprises LLC from White Charles C, 324 6th Ave NW, $3,000.
Schlabach Matthias A from Shamp Clifford J III & Mclaughlin, 13133 Mount Eaton St SW, $154,000.
Cowan Stacey & Eric D from Gardner Jack L & Cynthia L, 12133 Lincoln Way NW, $100,000.
Cowan Stacey & Eric D from Gardner Jack L & Cynthia L, parcel 7400012 Lincoln St W, $100,000.
Geiser Jeffrey R & Ada D from Bolender Kenneth W, 3003 Manchester Ave SW, $455,000.
Green Lynnette from Tilton Sandee, 14482 Lincoln Way W, $7,100.
Canadian home sales up 0.2% in December
The national average selling price was C$713,500 ($569,161) in December, up 17.7% from a year earlier, the industry group said.
($1 = 1.2536 Canadian dollars)
(Reporting by Julie Gordon in Ottawa)
New analytics tool helps companies take the guesswork out of their real estate needs – Business in Vancouver
Impaired Aging Parents Managing Real Estate – Forbes
Who’s Minding the Store?
We’re seeing it more and more now at AgingParents.com: elders as landlords who can’t do the management job any longer. Sometimes it’s the adult children who bring the issue to our attention. They see Dad failing maintain those rental houses he has had for decades. If tenants complain, he does not do anything. They see Mom fail to collect rents from her commercial enterprise, a small shopping center. They realize that rentable spaces are vacant and have been for some time. No effort to lease them is underway. The kids are alarmed. It may be a single rental home, a commercial building, a vast portfolio or anything the elder owns. Cognitive decline was not anticipated. No one was paying attention and things go wrong.
Financially successful people often invest in real estate, but for those who manage the properties themselves, we see a lack of planning about how to ease out of the management role. The same problem can occur when a property owner has a long time management company which is not held accountable for its work due to the cognitive impairment of the owner. Again, no one is watching management. It is a perfect opportunity for theft from the owner.
Real Life Examples
In one case a wealthy man owned a rental apartment next to his house. The long time tenant took ruthless advantage of the 85 year old owner and simply stopped paying rent. He lived for free and manipulated the owner into thinking the tenant was giving him help in exchange for use of the apartment when no such exchange actually took place.
In another case the 87 year old owner of an office building with long-term tenants in it did not take steps to terminate a very problematic tenant who had been there for 20 years. The landlord hated her but failed to exercise his rights to simply not renew her lease. Instead he waited for her to give notice that she was going to vacate. He had another person interested in the space, willing to lease it but he seemed confused about what to do to secure that new lease. He managed the property by himself.
Both of those elders who were landlords had adult children who could have stepped up. In the first matter, the rental apartment, the elder resisted the son’s attempts to intervene. The elder did have dementia but functioned rather well in other things. He angrily fought his son’s attempts to take over his financial affairs. He had previously appointed his son to do this very thing. The freeloading tenant manipulated the elder into signing an agreement to give the tenant free rent for five years.
In the office building matter, the daughter of the 87 year old was clearly not close to her father and was not paying attention to his confusion. She may have been stopped from getting involved by her father, who was stubborn and unwilling to admit that he was having trouble with managing the investment. In both cases, the only way to prevent abuse and manipulation was for someone appointed earlier to step in and assume responsibility for property management. That works smoothly when the elder is cooperative. It creates a legal mess when the elder resists.
Cognitive Decline and Money Management
Research tells us that even in the earliest stages of dementia or other cognitive impairment, financial judgment is impaired. It is, in a way, the first ability to decline and it is hard to see at first. The older person with impairment for financial judgment can carry on a normal conversation, sound and look okay. But if you asked them about the bookkeeping or accounting, they likely can’t keep it straight. Decline is subtle at the beginning and gets worse over time. Something is amiss before any family member may notice it. Sometimes this leads to loss of value in the property as well as lost income.
What family members can do is to be aware that as a person ages, their sharpness for financial management of property (and other matters too) can slide downhill. If you are aware of aging parents’ real estate investments, it is helpful to educate yourself about them, and to offer to help “in case of any emergency”. Ask your aging parent to teach you about them, even if you know plenty already. This approach can appeal to one’s ego: asking for advice. Do this before you see any sign of a problem and you are likely to be successful in preventing loss of income and value of any real estate they own.
If you simply assume that if Mom or Dad has been managing the family real estate investments for decades and it’s all just fine, you are taking too much chance that it will stay fine. Aging takes its toll. Most of us need some sort of help as we age, especially as we reach 85. By that time, one in three people will have Alzheimer’s disease. If you don’t like those odds, make your best effort to get involved in the real estate they have before the investment loses its value for lack of attention. Fraud is all too common. Predatory real estate brokers, crooked management companies and dishonest tenants can take ruthless advantage of vulnerable elders. Don’t let it happen in your family. If you see your aging parent declining in ability to manage real estate and they fight you on stepping in, it is time to seek legal advice so you can learn what options you have.
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