All Forum Posts by: Bjorn Ahlblad

I don't have anymore Ca properties but the Santa Clara Farmer's office underwrites an apartment building in coastal wa. I got a letter jacking up my rate considerably and it went on to state that I would not be renewed for 2025. The property was close to the ocean and a forested area, so flood and fire hazard, they said.

So I went looking for a new company with no success. I then located the property with GPS and was able to demonstrate that the flood and fire risk was not valid. They said the building would need to be updated for plumbing and electrical as it was 65 years old. 

They gave me a punch list of items which we completed and agreed to an inspection which only took place on paper. 

Long story short, my rate was knocked back to 2023 and policy will be renewed. They never reviewed any plumbing issues, the electrical fixes were very sane and affected safety. All for fixing safety!

We spent 5-6k total. Key was getting them to the table and providing us a list of todos. 

We are with Farmers, but I don't think that matters. All the best!

Can't really say, I don't focus on things I hate. Ask me what I love; easy-it is the money.

If you have a PM stay out of it. Tenant should not even know you exist. If your PM can't handle that get a new one. All the best!

The most important part is not the hardest. Just stick to the process, if you are not committed to diligently screening your tenants, and not allowing exceptions you will not succeed or be happy. Treat your deserving tenants with respect and you may get some back!

No idea about perks or fees. My daughter was leaving for Spain and needed a card, I gave her mine.

FDIC for a credit card means nothing to you. Your relationship with a CC means nothing to a bank except credit score-very different businesses.

My daughter uses her Wells card in Barcelona daily! Yes there is a Foreign Transaction fee but it is miniscule. 

I can check on her whereabouts faster with the CC than a GPS! 🤓 OK that was a joke but true. 

Can't say I have studied cards very much, please make sure you, or someone pays off the balance every month!! All the best!!

I bought a 12 unit building a few years ago in a town/city of 16,000. It is a better than average property and is netting 70k year and growing. Small city tenants are a breath of fresh air. They are grateful, they accept responsibility and there are far fewer free loaders!

Happened to me mid 1990's. Had a family to feed and bills to pay............not much to think about really, just went out and found another job. 

I have units where we provide washers and dryers. Those we repair and replace as needed. We have others where a tenant provides machines and either leaves them or takes them and they do not belong to the units and we bear no responsibility towards them.

In your case if the current tenant wants a working washer and dryer she should provide them-you said you would not replace them. When she moves out you can take it up with the next tenant. Having said all that an 8 year tenant is a pretty good asset and I would give her what she wants if it keeps her in place. Probably sounds a bit wishy washy? 🤓

If there is a tub already there you could do it for a few hundred dollars. Otherwise thousands-lots of them! All the best!