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All Forum Posts by: Adah N.

Adah N. has started 29 posts and replied 284 times.

Post: buying duplex in Atlanta area

Adah N.Posted
  • Investor
  • Atlanta, GA
  • Posts 293
  • Votes 141
Quote from @Doug Davis:
Quote from @Adah N.:
Quote from @Doug Davis:
Quote from @Michael Dumler:

@Doug Davis, here's an example we're all referring to, link. Talk about a sweet house hack deal. 


Ok thanks.  I see it says this: "Basement has 2 separate apartments; one studio and one 2 bedroom"

To make sure I understand, does this mean that this has three units?  The main one and two in the basement?  

I'm not sure if I would know how to look for something like this.  A Realtor may know, but I would like to be able to find them myself as well.


 Be careful with "basement apartments". It will be a hard sell for quality renters if the "bedrooms" and living area do not have windows, walls are too low or it overall feels dingy. Also, different counties and cities have different rules for house hacking. For example in Dekalb you must live in one of the units. Others have regulation and limits on how many people can live in it. 


 Ok thanks.  So, in Dekalb, if the owner moves out, there's no way to legally rent both units separately?

- Doug

That is correct. If it is zoned for single family you cannot legally rent both units in Dekalb county. You must live in one of the units. 

You can in Cobb county, however they have other occupancy rules. 

Post: buying duplex in Atlanta area

Adah N.Posted
  • Investor
  • Atlanta, GA
  • Posts 293
  • Votes 141
Quote from @Doug Davis:
Quote from @Adah N.:
Quote from @Doug Davis:
Quote from @Michael Dumler:

@Doug Davis, here's an example we're all referring to, link. Talk about a sweet house hack deal. 


Ok thanks.  I see it says this: "Basement has 2 separate apartments; one studio and one 2 bedroom"

To make sure I understand, does this mean that this has three units?  The main one and two in the basement?  

I'm not sure if I would know how to look for something like this.  A Realtor may know, but I would like to be able to find them myself as well.


 Be careful with "basement apartments". It will be a hard sell for quality renters if the "bedrooms" and living area do not have windows, walls are too low or it overall feels dingy. Also, different counties and cities have different rules for house hacking. For example in Dekalb you must live in one of the units. Others have regulation and limits on how many people can live in it. 


 Ok thanks.  So, in Dekalb, if the owner moves out, there's no way to legally rent both units separately?

- Doug


Post: Rental Windows Replacement Cost in Atlanta Area?

Adah N.Posted
  • Investor
  • Atlanta, GA
  • Posts 293
  • Votes 141
Quote from @Jenny Scott:

Anyone has recommendations on windows replacement company, or installer in north Atlanta area? 

My rental windows get pretty old and the bottoms are rotted, so I am thinking about replace some of them, with the vinyl type so they won't rot. The quote I got so far is standard size, about $500 - $650 per window installed. I think that might be little high? What do you guys think? Or have any suggestions?

Thanks
Jen..


 Who did you end up using? Looking for window replacement in Atlanta area.

Post: Section 8 Rentals

Adah N.Posted
  • Investor
  • Atlanta, GA
  • Posts 293
  • Votes 141
Quote from @James Wise:
Quote from @Jake Minyen:

I am considering acquiring properties to be rented under the section 8 program. My thought is, buying between 50-90k livable (or less than 10k rehab) and being able to rent for 2% or at least close to it trumps the cashflow of typical market rentals since HUD establishes max payable amounts depending on number of bedrooms, and is usually higher than market rent rates.

My question(s) are, who has experience in this and what are some good markets to consider? I know it needs to be landlord friendly state but does anybody have specific markets that have performed well with section 8? Markets that have great need for affordable housing. What are some caveats of this? Don't bash me with the standard "they will trash your place". The potential tenants will be screened thoroughly just as I would with a standard market tenant. That is always going to be a risk.

Typically, tenants are only required to pay up to 30% of the rent while the gov pays the remainder. My thought is, as long as what the government pays covers the property expenses and provides some cashflow, the tenant portion is just a bonus.

Anybody with experience in this please share your opinion!


 I've made millions investing in Section 8 properties. Biggest thing you need to understand though is it's not "easy money." The majority of these people are absolute animals and they will treat your property as such. Doesn't really matter which city you are in, if you've got $50k-$90k houses with Section 8 tenants in there, your tenant base is made up of total savages. I've seen it in Cleveland, Columbus, Detroit, KC, Indy, Cincinnati, Youngstown, Akron, Canton, Pittsburgh, Memphis and elsewhere.


 If the majority are such terrible humans and trash the property, how did you manage to make millions?

Post: Section 8 Rentals

Adah N.Posted
  • Investor
  • Atlanta, GA
  • Posts 293
  • Votes 141
Quote from @Matthew Paul:

The minute you walk into a house and you gag and actually throw up , what would you call those tenants ?   

Kitchen cabinets ripped off the wall

Human waste  on the carpet .

Toilets broken off at the base .

A house so vile you wear a tyvek suit , with the pants and arms taped shut , a rubber cap over your hair , and a dual filter   face mask .  One so vile you have to pay the help triple to do the clean out . Roaches crawling up your leg . 

So bad that you spray 50 GALLONS of bleach over the entire interior to try to sanitize it BEFORE you gut it down to studs . 

And when you are done working for the day you strip down to your birthday suit and throw away ALL your clothes including shoes , to avoid getting anything in your truck or home . 

Been there done that , for an landlord  . 

What would you call those tenants ?    

That was their first and last section 8 tenant 


 Could it be they moved out and simply wanted to punish the landlord? By trashing the property?

Post: Do you include lawn maintenance?

Adah N.Posted
  • Investor
  • Atlanta, GA
  • Posts 293
  • Votes 141

I think LL/owners should maintain it, SFH or MFH. Just account for it in the rent. Leave it to the tenants and it does not get done or not done properly and you quickly notice which property is likely the rental and which is owner occupied.

Post: Reducing rent to place a tenant?

Adah N.Posted
  • Investor
  • Atlanta, GA
  • Posts 293
  • Votes 141

Post: Reducing rent to place a tenant?

Adah N.Posted
  • Investor
  • Atlanta, GA
  • Posts 293
  • Votes 141
Quote from @Michele Velazquez:

I am relatively new to investing. I have 2 quadplexes in Atlanta being managed by a PM since I am in California.  I bought these units because the PM said the rent in the area was $1250 and they believe I could get between $1250-$1275 a month per unit. So I bought these units assuming these numbers as that would make me cashflow.  However, the unit has been on the market for one month and now they are saying to lower the rent $25 every week. My question is, how low do I go? Do I go down past $1200 where I won't cash flow every month but it's better than no tenant?  I would love to hear feedback from the seasoned investors.  Thank you.

 Message me, I have noticed an especially lousy PM who manages quite a few rentals in Conyers. No photos or bad photos, no description or lousy description. They would lower prices rather than post photos or better photos or even add a description. They did not answer when I called on 2 occasions and took 3 days to return my text message. If they are your PM... 

Post: Lease Language To Make Tenants Pay To Refresh Paint

Adah N.Posted
  • Investor
  • Atlanta, GA
  • Posts 293
  • Votes 141
Quote from @Gustavo Delgado:

The thing I have a question is, is that you are taking the previous owners word about it being freshly painted. Do you have pictures of the work prior to the tenant move in? What about the move in condition form? If you don't then it becomes your word against theirs. Now these tenants where already in place, as I understand it so I don't see how you can add any language to the lease now. Maybe on future tenants but you would need to give them a freshly painted unit. Also, you need to exprect normal wear and tear and after one year you may just need to do simple touch ups and not need to repaint the house

Thanks. My post is really for future tenants, not the one who already left. The one who already left is not complaining. Like I said walls were badly stained in multiple spaces. No one is going to court over these walls. 

Post: Lease Language To Make Tenants Pay To Refresh Paint

Adah N.Posted
  • Investor
  • Atlanta, GA
  • Posts 293
  • Votes 141
Quote from @Andrew B.:
Quote from @Adah N.:
Quote from @Nathan Gesner:

 "Even if it is normal wear and tear, I want them to pay half"

People like you are why the term "slumlord" exists.

What is so slumlord about making someone pay for their smears and stains on the wall? Especially if they’ve been there less than 4 years and the lease says they will pay for a portion? Did you even bother to read? Yes, I am adding even minor stains if you have stayed only a short time. Who wants to move into a unit with minor stains? Wouldn’t someone have to pay to clean or repaint it.

Are you looking to score cheap engagements points? There is Facebook and Twitter for that!