All Forum Posts by: Roger S.

@Dan H.. I use a smaller Capex number than is generally advocated here. Here's why. I have 10 SFR's, mostly 1100 square feet or less. I do my own maintenance and repairs, so that's an immediate large cost savings. 4 of my houses have vinyl siding, so there is no painting in the future. 2 of them have window units, so no big AC repairs. I can handle any repair not involving Freon. A water heater? Usually lasts about 10 years, cost 450 bucks for a capex of $3.75 a month when installing it myself. New roofs? Where I live we get hailstorms about every 5-10 years. Last storm we got 2 new roofs paid by insurance and the installer rebated me 500 bucks per house, in cash. Early on in our rental business I had to call a plumber to snake a drain. almost 500 bucks. I bought a power drain auger for 380 dollars and have used it twice and will never pay that 500 bucks again.

  Every landlords situation is different.  I do have a reserve fund of about 30k and we put 1k a month into this fund for repairs and maintenance and capex and we feel comfortable with that.

A 20 dollar paint brush and a steady hand will always look better than any other method.   

Being an A$$ is not a protected class.   He has no standing for any legal action against the landlord.

I'd tell him, in about half a second to take a flying &%#$.   You're in no danger of any kind of legal action.

vinyl. Every time.   Home Depot stuff is great

You might try asking for what I got from my one of my lenders, they offered a 15 year note on a 5 year ARM with a cap of a 3% rise in rates. I asked for a 2% cap and they agreed. Since if they activated the rate rise, it start over on the new principal amount, raising it 2% instead of 3% still guarantees my payments go down instead of up.

My other lender is a local credit union and they offer 15 year fixed notes.

I don't see any way that posting actual peer reviewed medical studies showing that pit bulls kill more and seriously injure more people than all other breeds combined, is childish.   If you have any FACTS to the contrary,  by all means, let us see them. 

An inheritance wouldn't affect SS or SSDI   Only earned income MIGHT affect those  payments.  Inherited funds are not earned income.    SSI could be affected,  depending on the amount. 

Home depot vinyl planks.  We use the Stoney Oak Grey in all houses, including our own.  Easy to put down yourself, costs under 2.50 a foot.

I provide.  Usually off of craigslist for under 200 bucks.