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All Forum Posts by: Arthur Bailey

Arthur Bailey has started 3 posts and replied 10 times.

@Diana Dorantes message sent. Thank you.

@Diana Dorantes what banks do you use in Chicago?

I am buying my first house hack on the Southside

Post: Any feedback on Roofstack

Arthur BaileyPosted
  • Posts 10
  • Votes 9

Does anyone have any feedback on Roofstack? Have you used it to buy a property? What do you think about their business model?

@Ahmad Nassar this is why I am purchasing my first property in the Englewood neighborhood in Chicago. There are good people who are out there. And a lack of good landlords.

John the filter was pretty dirty. And the hallway has the kitchen adjacent to it as well. About 4 ft away is the stove

So during the home inspection, the tenant asked if I was the potential buyer. I didn't want to lie and say I wasn't then they have to deal with me later so I said I was. This tenant has been in the property for 4 years. Is a Section 8 voucher holder.

I used this opportunity to talk to the tenant about what they like and dislike about the property. Their only 2 complaints was that it get extremely cold in the winter and the heat doesn't stay on. I believe this is due to the thermostat being placed in the hallway on the wall where the heater and return is.

secomd complaint is that it is extremely hot in the summer.( There is no central ac but does have forced heat)

My question:

1. Thermostat: install a wireless thermostat and move the sensor to the living room? This is away from the hallway and would be a better source to warm the home.

2. Provide a portable AC unit? A decent one will run about $400. The tenant has their own unit in their bedroom window, but doesn't want to install one in the living room due to the threat of theft. They are gone the majority of the day 6 am until 6pm. 

So as the new landlord, would you provide these items for your tenant? Their living space was well kept so I think that it is a good tenant to try and keep and keep happy.

I have my 1st duplex under contract with the VA loan. I want to plan for my next purchase even though it most likely will be a year away. What is the best route to take? House hack again?