All Forum Posts by: Barbara G.

Tell them they cn sue if they like or you will refund them $500.00 of their #1,000 deposit and get the whole thing ovr with

if they sue you just go into court with the information you have.  The court will send it to arbitration

 -------------------------------------------------------------------------------------

How thin is this ???

If the rent from these 2 duplexes is $4,400 a month (and going up)  and the expenses are $2,200 (with a $200 a month reserve for Maintanence and no PM)  How am I losing money??   The 2 duplexes cost $332,000.

I am renovating out of my positive cash flow.  In Feb of 2016 (5 more months) I will no longer be spending any more on renovation.   My renovations will be complete with all new Kitchens and new  Baths and 2  new roofs +.   I will be cash flowing $2,200 a month + Tax Saving and + pay down of Principal (now $4,000 a year).  In addition I will have a property with all new appliances, new roofs, new fronts and will have improved my property over $50,000.  

How am I losing money here?     Maybe $22,000  profit a year  (_+ tax savings and pay down of principal )  is too thin for you but  its not too thin for me.   

This sounds like a good time to remodel the apartment and upgrade your property and get more income from the apartment.  Good luck with the remodeling and the new tenant and a new deal

I would write your former tenant a letter wishing her Luck in her new apartment and tell her of your ongoing problems with the cat trying to get back in his old buildng.  Cats get attached to places.    I would ask for her assistance and ask her to try and monitor her cat and discorage him from going back into your building.  

The cat is old, he must be at least 12 years old and he does not have a lot of years ahead of him.

@Luka

Yes you  guessed  it.  

I do like Cats and I like Dogs and I like children

Hunts Point?

My Uncles had a Body and Fender bussiness there.  Its a nightmare there.  Around the Hunts Point Market prostitutes solicit in the streets. Drug dealers are on every corner.  The Drug dealer's customers down there looking for them are on every corner.   I had the misfortune of driving through there, getting lost in those streets there,  last year and I was scared to death.

Where exactly is Longwood and on what streets is Mott Haven?

-----------------------------------

Hi Luka

Very distressing to read about the .22.  I am sure you are joking but just the fact that you are joking about killing the cat is distressing.

We just bought a house and the previous tenant had let the cat use the bathroom vanity as her litter box.  It was mega work getting rid of the oder and my partner will not rent to anyone with a cat now.  It wasn't the cat's fault it was the owner of the cat's fault.  

It was also your fault for not monitoring what your tenant was doing with her 3 cats

This man had this cat on his property for 11 years and he did not say a word about it until the woman left his apartment and moved across the street.

I don't understand this either.  What was the situation on the repairs.  Did the Bank counter with $136,000 and nothing toward repairs?

Did you offer $129,000 and the property AS IS??  If you did offer $129,000 with nothing toward repairs from the bank wouldn't that make the bank offer $136,000??? (less $7,000) what you want to pay??? 

So if the agent said you would take it for $136.000 as long as they paid $7,000 toward repairs  that's the same as your offer of $129,000???

Join your area Real Estate Club and or Real Estate Meet Up Group.  Figure out what you can invest and go from there.  Network you might fall into something and you will certainly learn alot

 10 Years isn't too bad.  Where does Gentrification sort of stop in the city?  What street on the East Side and what street on the West side.

What about Washington Heights on the West side?? 

Where does East Harlem start o the East Side??

The cat is unhappy about being away from you and her old apartment.  How come she didn't create the same problem when she lived in your building?  She must have gone out then?

You have to be more vigilent about keeping her out of your building.  Aside from that there is not much you can do about it.

You can ask the old tenant to pick up after her cat and perhaps she will try to keep her in more.

It sounds like you are unhappy about your old tenant moving across the street and that is understandable.