All Forum Posts by: Dewain J.

@Chris K.

Thanks for the VERY detailed response lol. It's definitely appreciated!

Thanks all for all of the great feedback. Think I'll store it for a little bit. 

Hello all, 

Anyone know what the legal specifications are (I'm in PA specifically), of what I am responsible for in regards to things left in a unit by a tenant who passed away. I don't have any contact info for family members. And the stuff is just sitting there. Can I discard it (hate to sound callous)...

Thanks, that's where I'm starting. I know fighting mice is tough going. especially if behavior encourages it. @JD Martin

I own a six unit building, in which I had a filthy tenant on the top floor. This tenant recently moved out and left the place in a deplorable condition. They  specifically had a terrible mice problem. Now that they are gone, the tenants throughout the place are having terrible times with mice. So much so that I've allowed several of them to get cats to help combat it. 

There are two who don't want cats and thus it hasn't helped them. Part of the problem is that some of the tenants are just dirty and leave food and trash out. Now that the other tenant is gone the mice has moved on to new sources of food in this new place. 

I'm looking for any kind of strategic approach to educating these tenants for one, and then also making a big dent in the rodent infestation. Any help would be appreciated. 

This was found in the recently vacated unit: https://youtu.be/lU1n3OJ6Omg

@Anthony G @Mike Creswell

I'm going to complain to the water company regardless to see if I can fight it. But I don't know how far I'll get. can't hurt. But not going to bother going back to the title company at this point since so much time has past. 

@Ethan Giller Thanks for the quick and thorough reply. I figured as much. Sounds like I'm taking the hit on this one. Lesson learned. Thanks!

So apparently the water meter in a property I purchased was frozen and wasn't measuring usage. So the Philadelphia Water Dept came out and did what they had to do apparently replacing it. And they back billed me for the usage that should have been coming through I guess based on estimate. Nothing outrageous so fine whatever. 

But now I just got a bill for $200 for the replacement of the meter. I find that to be baffling. It's their equipment used to bill me. I don't get to take it with me when/if I sell the place. I don't why I'm expected to pay it. Anybody else ever have this problem. Did you pay it or dispute?

Thanks @Yvette M. & @James Mc Ree

I like those ideas. Going to incorporate what I can. 

@Paul Ferrara 

Sure. My first property was a single family home. Got it for 18k. I put in about 20k for Rehab. Rented out for 1k a month. Appraised for 80k. Refinanced took the equity out. Then I used that towards my next property.

My second property was  a a 6 unit commercial building. I used a combination of my cash and hard money to finance that one. Same deal rehabbed it, rented it out, and refinanced out. 

I've been using that approach which is common on here repeatedly. I've been emphasizing buying the property right so that after rehab I get the benefits of great cash flow and equity I could pull out for further investing. 

All of my loans are through a credit union right now, and I'm getting 80% LTV for single family, and 75% LTV for commercial.

I've been pulling out as much equity as possible now, I may lessen that in the future once I have a good amount of capital available to me to keep investing.