All Forum Posts by: Amber G.

yeah, I've used the cash flow to replace my income while I did the sahm thing and it worked well for that but at this point the ROE is dim. That ROE is actually including what I'm paying on the loan principle so it's not even real cash flow, just money I'll get back when I sell. Cash is more like 3. I started out more like 18% ROE but equity and time have done their thing. Long term tho, if interest rates ever come back down, might I miss a relatively easy 3-4%? I've had my head outside the investing space for a decade and it's a very different landscape now. I don't want to do something rash while I'm irritated at the world and regret the lost cash flow if things get back to what I had thought was normal for decades.

Considering selling a half dozen single family homes that cash flow well. Maybe $330-450k capital gains if I don't 1031. None of the passive 1031 things look terribly reliable to me (DSTs). What should I be thinking about doing with a half dozen chunks of money if I would like to replace the cash flow with different cash flow that won't urgently call me at 9pm Friday about something that's been broken all week? Current return on equity about 4.4%.

We've had terrible, terrible luck with new fridges. Warranty work is horrible, have to get so many call outs to get to just replace one that's a lemon. The old ones with old refrigerant systems fail practically never. That said it's hard to find an attractive one. But some of my houses I would if I could. Def buy used otr microwaves all the time. Bought a used stove recently bc the tenant's kid kept breaking the plastic handle on hers and the metal handle ones are way more expensive. 

#1 Tenant called saying toilet wouldn't work. Went to house and re-attached chain to handle lever. She had a five year old who got into everything including the toilet.

#2 Tenant called saying AC won't cool, crazy nonsensical symptoms. Three AC techs later (all confirmed the old unit worked fine) and after much research on my own about the thermostat her engineer brother had installed, figured out that it cut itself off (condenser but not the fan) after running awhile bc engineer brother didn't know how to wire new fangled thermostats and the onboard battery when discharged would issue an emergency cutoff call to the condenser. But the fan would still run. Mimicking every failing unit ever known to man, except the unit was fine. Third AC tech attached the right wire (that engineer brother had carefully coiled unused behind the thermostat) and it runs fine to this day.

Lease ends July 2020 but tenant asked to move out early. I told her we'd talk, and that we should come talk to her about details, and she dodged/wasn't available until finally trying to give me 30 days notice via text on the 17th. Never talked to her, everything on text and email. I sent her my notice of intent to vacate form and she filled it out wrong but we got it kinda half fixed, with the date she intended to be out on it and acknowledgement that the lease is not ended or month to month. I've not agreed to terminate the lease early for her or even to the one month optional buy out my lease allows.

She gave written notice of intent to vacate for March 17 and just texted me and said the new landlord bumped her move in to March 20. We had advertised for late March availability (March 20 actually) but had already figured out she's got more painting and floor damage so we were a bit prepared for a later move in next tenant but this does make our lives harder. I'm sure I need her to re-do or fix the notice form fixed or supplement it, and I'm tempted to ride over to the house and have her do it tonight but it's getting late. I'm trying to think of what I can do to nail this down better. If the lease were month to month or expiring I'd send her my own 30 day notice. Does anyone have a confirmation form they use for this situation, or would a confirmatory letter setting out what has happened suffice, or what would you do to firm up this move out date and avoid some sort of situation where she decides she's not breaking the lease after all? I don't really want to "accept" her breaking the lease as if I'm giving up my contractual rights upon breach. In fact although I'll usually "accept" a notice of intent to vacate in writing, I didn't do it in this instance b/c it felt like it was accepting the request to modify the lease. We just had another tenant leave a lease early and the house sat a month without tenant in January. But can I give her notice since there's a lease? Has she actually breached by giving notice of intent to vacate? I've looked over the lease and can't figure anything obvious that I could tag other than her giving me notice of intent to vacate. And while I can't image the house sitting more than a month, I'd rather not terminate myself and reduce the potential breach responsibility on her part. I'm just kind of spinning without coming up with a good idea how to nail this down.