All Forum Posts by: Alex S.

I have a condo unit on the end of a fourplex. We just purchased the unit a month ago and through the rehab, discovered there is a roach problem. We sprayed the unit multiple times and even had the adjacent condo (which is owned by someone else) sprayed once too.

The exterminator said that the adjacent unit that was sprayed is filthy and although we hit it once, the roaches will continue to come back until they become cleaner.

I have reached out to the condo association, but their interest in pursuing the matter isn't where I would like it to be.

Do I have any options from a legal perspective I can take to force the hand of the adjacent unit to clean up their act?

Understood. I guess the thing I wrestle with, is yes, I inspect a home and there is a leaky trap, that 30 minutes could save me a couple hundred bucks for a new cabinet. The truth though, is that I will have to probably do 15 walkthroughs to find each one of those issues. $200 repair < value of 15 hours of my time. Even if it is only a 15 minute walkthrough, I have take the time to go over there and do it. Its just a simple equation of what is my time worth.... Even the arguement of having someone else do it comes up short because lets say that $200 saved repair is still < $15 worker x 15 hours.

I want to bring up a question that may seem to be blasphemy to a lot of landlords.... Are rental property walkthroughs/inspections really worth it? The reason I ask is because I have been landlording for several years and do not make it a point to do walkthroughs. The logic is simple. As much as it pains me to admit it, once a tenant signs a lease and moves in, my hands are very much tied. What power do I really have to rectify a tenant who paints walls without my authorization, or even allows an unauthorized tenant to move in with them? I understand the argument that perhaps me checking in every couple months might give them the feeling that i am keeping an eye on things and therefore maybe they treat the house better. But in large, you don't really have the power to change anything through walkthroughs, so why do them? It is a much more effective use of my time to drive the things I can change versus those I can't. Can someone weigh in?

My apologies, I misread. I don't think I want to lend money out, as I make better money investing the capital myself, and I also don't think I have the experience in the lending space to feel good about putting those types of deals together. Alex

Those terms seem pretty rough.... I am not sure if it would make sense to do a long term deal with those terms since I am buying and holding.

I have a portfolio of 15 cash flowing doors. These are mostly SFH but I also have 3 duplexes. The average value per door is $75k. These all are owned without a mortgage, and I would like to get my money working harder for me by introducing some leverage into the portfolio. What is the most effective way to get financing in this situation and use that money to buy additional properties?

I am looking into finishing out my real estate license, and starting a property management company underneath a broker. Any idea of what a reasonable expectation would be in terms of new properties under management year one? I am in Columbus OH.

Doesn't this Master Lease open me up to some significant cash flow exposure if I have many tenants that aren't paying their rent on time or at all?

I am interested in getting my real estate sales person license, and I wanted to see if anyone had a good recommendation for an online ONLY school to get the required classes to sit for the Ohio exam.

I am interested in getting my real estate sales person license, and I wanted to see if anyone had a good recommendation for an online ONLY school to get the required classes to sit for the Ohio exam.