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All Forum Posts by: Benjamin Timmins

Benjamin Timmins has started 13 posts and replied 186 times.

Post: What areas of Chicago are seeing gentrification?

Benjamin TimminsPosted
  • Landlord
  • Utica, MI
  • Posts 190
  • Votes 99

How about Edgewater? Or is that too far out of town to be gentrified?

Post: Keep as Restaurant or Convert to another use?

Benjamin TimminsPosted
  • Landlord
  • Utica, MI
  • Posts 190
  • Votes 99

Restaurants are the toughest businesses out there. The vast majority of them fail. Which means if you keep it as a restaurant, your chances of frequent tenant turn over is really high.

Post: Best real estate school Pittsburgh PA

Benjamin TimminsPosted
  • Landlord
  • Utica, MI
  • Posts 190
  • Votes 99

In my opinion, there is no school worth the money it costs to go to it. Best teacher is experience.

Trying to figure out how he has @brandon beat....

Post: timeline on offer to buy

Benjamin TimminsPosted
  • Landlord
  • Utica, MI
  • Posts 190
  • Votes 99

You get a hard date inspection period usually 7 to 10 days, after that unless you stipulate due to mortgage approval (if the seller is willing to accept without pre approval) your on the hook.

A lot of it depends on the seller, if your dealing with a property out of state a lot of the times  the seller will conditionally accept an offer with a subject to inspection clause. But thats not unlimited either, but its longer than the usual 7 to 10 days.

Post: Buying multi unit with single heating unit

Benjamin TimminsPosted
  • Landlord
  • Utica, MI
  • Posts 190
  • Votes 99

That can be expensive, but also manageable. Check with state and city laws. They most likely have dates when you are actually required to turn on the radiators and when you can turn them off. When I lived in chicago, i lived in a building in radiators, and man was i upset about that law, but it was what it was and was told if i wanted heat before the day they were required to turn it on, I would have to provide my own source of heat.

Post: Bed bugs

Benjamin TimminsPosted
  • Landlord
  • Utica, MI
  • Posts 190
  • Votes 99

If you have em in a building, believe me, your tenants will let you know. If you want to check for em between tenants, they like corners, like where your window sill meets the wall, and they tend to favor bedrooms since thats where people tend to spend most their time when they are at home.

Post: Bed bugs

Benjamin TimminsPosted
  • Landlord
  • Utica, MI
  • Posts 190
  • Votes 99
Originally posted by @Dale Stevens:

Agreed, they will spread and quickly. So treat it, IMMEDIATELY. Do not delay, because they spread.

I was told a single bug can lay up to 5 eggs each day for weeks. So they multiply quickly.

Most states feel it is the responsibility of the landlord as there is no real way to prove where the bugs came from. But act quickly and decisively to end the infestation quickly.

 They also only need to eat once a week, so they come feed, then go hide for a week before they come out to feed again. So your exterminator happens to come the day after they feed, so thats 5 more days before the bug will come out of hiding to hopefully come in contact with the kill spray.

I lived in apartment building in Chicago, where a woman moved in that had bed bugs, within 2 weeks all 8 floors of the building were infested, and eventually i moved out cause they were unable to kill em off. I left with just the clothes on my back, and my computer. Still managed to bring em with me to the next house, which became infested and took over a year to get em all gone.

Dont mess around when it comes to bed bugs.

Post: Bed bugs

Benjamin TimminsPosted
  • Landlord
  • Utica, MI
  • Posts 190
  • Votes 99

Oh geez, regardless of whether you state or lease says its your responsibility, take care of it immediately. The longer they are there, the more apartments they will infest and the harder it will be to get rid of them. The minute you hear the word bed bug, call an exterminator. Took over a year to get rid of em in one of my homes. They are extremely difficult to get rid of once they get a real foothold in a place.

Post: Renting to multiple college students

Benjamin TimminsPosted
  • Landlord
  • Utica, MI
  • Posts 190
  • Votes 99

Im not sure such an ordinance could survive a lawsuit.