All Forum Posts by: Kevin Auyong

The question is why should they help. All they would do is create competition for themselves. Now if you can offer something in return like work for them for free or bring a good deal, then both sides benefit, not just one.

Why the age requirement?

Thanks !

I have a tenant on a one year lease expiring on Dec 31st. The lease reverts to month to month on Jan 1st. . Once it goes to month to month does the one year rule apply here in Ga where it is not a 30 day notice, but a 60 day notice?

If I decide to raise her rent for February I would need to give notice now and thus fall under the 30 day notice bacause I am stil under the 1 year lease? Or would I need a 60 day notice?

Hi Stephen, short answer as I can't type. I think you could house hack in east marietta and do well. I saw a house for $250K in the Lassiter High district which I think may be ranked higher than schools in the areas you mentioned. Running rough numbers with 20% down I think you could have PITI covered by the renter and maybe even more. The key is to get a house with a walk out basement you can turn into a rental unit. I looked at a few before and I think it will work. I myself bought a much bigger house, 5200 sq ft, and the renter in the basement covers just a bit more than half my mortgage. The basement is a fully set up in law which realistically I could live in as a single and I could rent out the house for enough that I could live for free. PM me about a monthly meetup that exists.

If you can get properties in the price range you mention I would stick to your area. Out of state is manageable if you have some knowlege which is something you lack now. Remeber roi is a paper number. Out of state can have more vacancy that you don't account for because the higher returns are often is less desirable areas.

If you go out of state and have a property manager you can trust, then you may not need an LLC. Having the property in an LLC in Fl gives it no legal rights in the other state but I think th eproperty manager will allow you to get arounf this. Check with a lawyer.

I have used SUV and in my long history of unsatisfactory property managers have been happy with them . I used to split my investments in two cities but moved almost everything to SUV because they have performed well for me, better than the other  property manager in the other city. I have 20 rentals with SUV and will be adding a few more.

 Scott, what about the alter ego thing with LLCs?  I hear stories of judges piercing LLCs based on that.

I hope I never encounter those. I found this

http://entnemdept.ufl.edu/creatures/aquatic/biting...

"

Applications of insecticides targeting the adult stage are not efficient. While this type of application may kill biting midges active on a given night, they are continually dispersing from the larval habitat and entering areas of human activity. It would require insecticide applications on a daily basis in some areas, and this is not efficient or environmentally sound. Many government agencies that provide mosquito control services receive complaint calls about biting midges. However, most of the programs are not mandated or allowed to respond by providing control measures.

On a large scale, removal trapping is conducted using CO2 as an attractant to lure the biting midges to an insecticide-treated target where they are killed. Research from the the University of Florida, Institute of Food and Agricultural Sciences Florida Medical Entomology Laboratory showed that biting midge populations were reduced in test areas of Vero Beach and Boynton Beach, FL, and Castaway Cay, Bahamas. This method of control is more appropriate for islands and specific inland areas where pest control personnel can make a long term commitment to this technique.

Homeowners can install proper screening for windows and patios to prevent no-see-ums from entering residences and outdoor areas used for leisure and entertaining. Most biting midges can pass through 16-mesh insect wire screen and netting, so a smaller mesh size is required. The small mesh size does limit air flow through the screens. Additionally, because no-see-ums are so small and are weak fliers, ceiling and window fans can be used at high speeds to keep no-see-ums out of small areas.

Repellents containing DEET (N,N-diethyl-meta-toluamide) typically used as mosquito repellents are also labeled for use against no-see-ums and can be applied prior to exposure to the biting midges. It is important that the directions for application that are printed on the label are followed for any product used as a repellent."

Water and sewer seem quite costly. Bear in mind that bill stays with the property. So if a tenant runs up an 800 bill while it's in their name, but decide to skip on you, you will be stuck with the bill.  Even if they pay, it would be wise to monitor their payments to make sure they don't fall behind and if they do serve a 5 day notice to,pay that bill.