All Forum Posts by: Bernie Neyer

I don't want to share the management company's name. I'm not saying I have problems necessarily. There are issues of concern, but every company should be searching for the best value for its dollar.

There are charges that I believe should be included as part the management fees I already pay. Sometimes I feel they put someone in the place and never inspect the place after that.

I've come by when I get to town and find grass growing through a bicycle that was laying on the lawn. The tenants are supposed to keep the grass clear of personal items so it can be mowed. The mower never moved the item nor told the management company about it.

Charges are also inconsistently accrued. I don't get charged per month for say mowing or garbage. Two month's charges can show up on a single month. A mowing charge may show up well after the mowing season is over because they missed the charge. 

It becomes hard for me to tell what is a legitimate charge, what's not, or for that matter, if I'm being double billed.

The problem is in Wichita, there doesn't seem to be any competition between management companies. Some of their charges are outrageous, i. e., $20 to rekey a lock. I have combo locks on all my units, but they would charge me $40 to change the combo on the lock. 

My present company doesn't charge for that, but then charges me to inspect the unit to determine if the deposit should be returned and if now how much is kept. I believe that is what a management company is supposed to be doing as part of the present fees I already pay.

I suppose in the end it is all the same, but I can't help but think that a manager that competed for my dollar, would offer more for less.

I found an article on a Schlage wifi deadbolt lock I thought people might like to read.

https://www.engadget.com/amp/2019/01/07/schlage-wifi-deadbolt-lock/

Okay, so it's an AI robo call. I get these all the time and it doesn't sound personal at all. Most of the time the message is longer than the time allotted so it gets cropped, or my system sees it as a closed circuit not an actual air modulated voice, and hangs up.

Every political party out there uses them, or something very similar. Your not the first to try this, but why ask, try it yourself and see it it works. 

Be an innovator not a copy cat and reap the rewards, or endure the failures. Thomas Edison is famous for saying that he tried a thousand different processes and materials to create the light bulb, but insisted he didn't fail a thousand times, rather he DISCOVERED a thousand things that didn't work.

Oops! I'm writing this on my phone, so it's difficult to read everything people post. 

Also in reference to Monica above, do a Google or Amazon search. The card locks on hotels are often not hardwired, but wifi connected. There was an add on TV for one even. 

I don't personally do, what you asked about. I was trying to give you a solution to your problem. I personally show the properties I manage locally and for the ones I own at a distance, I hire management. I live closer to some of those than you do to the one you're talking about, and have management for them. For sanities sake, hire one.

And to the Trolls, yes they still put my preferred Schlage locks on them.

In reference to Monica above, read my post. I said to purchase a WiFi hot spot from a cell phone company. That provides the internet connection you need AND you take it with you when you rent the property. Okay?

First of all, you can't use a password manager on a combination lock. It's numbers, not words. Second, your birth date is actually used to lock your health records. Are you aware of that? Don't they ask your birth date when filling a prescription?

The entry code is 4 numbers. My birth date is April 12, 1956. I bet you can't gain entry to ANY of my locks, as you don't know which 4 numbers I'm using or in what order. After 3 failed attempts, it shuts down for 10 minutes. Oops!

Be that as it may, use any dang number the tenant wants. My entry codes I have on my locks to gain entry to every one of my places is unique to me in any case and only disclosed to my manager. The entry codes put on the locks for contractors are erased when their work is done. 

There are 10 numbers available for each of 4 entry positions. That means there are 10 x 10 x 10 x 10 or 100,000 different variations. For the God code, as I call them, there are 10 x 10 x 10 x 10 x 10 x 10 or 10 Million different variations.

You want to break in one of my places? Knock yourself out.

Not familiar with Wisconsin statutes, but "as is where is" means there is no recourse for monetary damages should you later find problems with the premises, and the seller will not repair any issues you find with your inspection.

For a normal sale, depending on the sales contract, there may be monetary limits for repairs the seller will endure in order to sell the property. In my sales I usually state the repairs will not exceed $1000. In some contracts it may be totally up to the seller to repair the issue or void the contract.

 The seller is suppose to disclose any "known" problems with the premises. If a problem is discovered by a previous buyer that then voided the contract, the seller is suppose to disclose the problem. It is always best to require a seller's disclosure of problems. If later you discover there is a problem they are aware of, but failed to disclose, even if the sale is "as is where is" you can seek damages.

In Kansas, unless the contract indicates otherwise, all sales are "as is where is." The reason for this is the state wants to stay out of civil litigation and not inadvertently cause more of it.

You're not even getting a 1% return on the investment. Your rent may be too light. In a college town you should be able to get higher rent I'd think. Try looking it up on www.rentometer.com You can use a basic search for free.

If the income isn't enough, or you don't like the hassle, then now may be the time to sell it. The IRS will recapture the depreciation, but if after expenses you make money, you never go broke making money.

If the lease document isn't copyrighted you can use it as you want. Some won't allow you to alter them though. Generic lease forms are so full of holes you may as well not use them.

Being that you live in California, it would be best to have a lawyer review the contract. You can however write you own if you want. I used a compilation from several different landlord books. The most comprehensive I've eve seen was in a book by Robert Shemin, "Million Dollar Landlord" and "Million Dollar Real Estate Investor." Shemin is actually an attorney and wrote the contract himself.  The contracts were long and not well received the rural area where I live. I did however draw on them extensively. The books are older and may be hard to come by though.

Let's see if we understand this . . . you are wanting a robo call a bunch of people to convince them to sell you their property?

They do this during elections don't they? Have you ever listened to a whole robo call? How does it work for getting your vote?