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All Forum Posts by: Brian Mathews

Brian Mathews has started 2 posts and replied 744 times.

Post: Abandoned Motorcycle in Arizona Rental

Brian MathewsPosted
  • Contractor
  • Round Rock, TX
  • Posts 767
  • Votes 389

Push it to the street and call the cops about an abandoned bike  

Post: Replacing HVAC

Brian MathewsPosted
  • Contractor
  • Round Rock, TX
  • Posts 767
  • Votes 389

Refurbished units?  No such thing.  There is no way to refurbish them.   Maybe they slap a new contactor in them and wash them.   The main issue in a condenser is the compressor, which costs as much as a new unit to buy.  All brands have the same parts in them, as long as somebody competent installs them, they are all the same in terms of reliability.  Don't hire some guy off craigslist working for $10/hr.  

Post: Do you guys allow cats in your rentals?

Brian MathewsPosted
  • Contractor
  • Round Rock, TX
  • Posts 767
  • Votes 389
Originally posted by @Scott Schultz:
Originally posted by @Brian Mathews:
Originally posted by @Scott Schultz:

that is a preference thing, personally I dont mind, but we dont have carpet in our properties, well 1 of 8 does, we charge a little higher rent to off set the pets, yea they can do damage, but so can dogs, and smokers, and dirty people, its all part of the game, you will open up a huge number of potential renters if you allow animals. just my opinion

 No pets, no smokers and do quarterly inspections.   Its cheaper to take an extra month to find a person than have to spend thousands of dollars to get the smell of piss or smoke out of a house.  

 To each their own, different philosophies work for different people, neither are wrong, as long as the result is what was expected.   

 As hvac company owner and many years of experience doing service on people's homes.  I've been into literally thousands of them.    I would say there are about 10% of peoples homes that own cats that do not have some level of smell of cats.    I can usually tell if a person has a cat right as they open the front door.   I'd say around 40% of them have a heavy smell of cat piss.  We have a cat and our house doesn't wreak of it.    However, he does not use a litterbox, he's potty trained to go outside.  If he used a box, I'd get rid of him.  

Post: Do you guys allow cats in your rentals?

Brian MathewsPosted
  • Contractor
  • Round Rock, TX
  • Posts 767
  • Votes 389
Originally posted by @Scott Schultz:

that is a preference thing, personally I dont mind, but we dont have carpet in our properties, well 1 of 8 does, we charge a little higher rent to off set the pets, yea they can do damage, but so can dogs, and smokers, and dirty people, its all part of the game, you will open up a huge number of potential renters if you allow animals. just my opinion

 No pets, no smokers and do quarterly inspections.   Its cheaper to take an extra month to find a person than have to spend thousands of dollars to get the smell of piss or smoke out of a house.  

Post: Hiring Non-licensed Contractors

Brian MathewsPosted
  • Contractor
  • Round Rock, TX
  • Posts 767
  • Votes 389

I might look into hiring temporary labor from a company if the work is unskilled type carrying rocks.   They will have them covered on insurance and workmens comp in case they get hurt.   We even have some specializing in construction locally.   

Post: Austin Investing

Brian MathewsPosted
  • Contractor
  • Round Rock, TX
  • Posts 767
  • Votes 389

Look long and hard and have cash in hand.   A realtor in our networking group said houses in Round Rock are selling for $10-$20K more than asking price with multiple offers.  

Post: KEYS TO FINDING GOOD RELIABLE CONTRACTORS

Brian MathewsPosted
  • Contractor
  • Round Rock, TX
  • Posts 767
  • Votes 389

@Ray Slack  I don't know in other areas about Home Depot.   But as you said, that is the last place to go to get contractors.    In Austin that is where all the illegals hang out with no skills other than carrying rocks and digging ditches.   Good contractors are out working and don't need to beg for work.    Of course, that is the issue with a lot of investors, they want the cheapest work available.   Then can't figure out why they can't get a job completed by their contractors or it's a crappy quality of work.  I'm fairly particular about who I work for.    I try to avoid the bottom feeding investors.   I have a good group of investors I work with.     They value what I do and I take care of them in return.   

Post: KEYS TO FINDING GOOD RELIABLE CONTRACTORS

Brian MathewsPosted
  • Contractor
  • Round Rock, TX
  • Posts 767
  • Votes 389
Originally posted by @Angela DeBorja:

@Brian Mathews thanks for your input. A BP podcast rehabber had mentioned this approach because he had been burned waiting 10 hrs all day for contractors that did not show. I personally have been an Angie's List member for years for my own personal home use, and plan to use a combination of that and referrals/recommendations from other investors for our first rehab project. 

 There's a lot of good information on here, but like anything else on the internet, lots of bad advice.   There are probably only a few people on here I would take advice from in real estate and other matters associated with it.  You want quality contractors, never hire the cheapest guy as there is a reason why.   All bids should be pretty close in nature for any job.   If there are any that are way out there, those should be tossed.  

Post: KEYS TO FINDING GOOD RELIABLE CONTRACTORS

Brian MathewsPosted
  • Contractor
  • Round Rock, TX
  • Posts 767
  • Votes 389
Originally posted by @Angela DeBorja:

@Lawrence Smith I was listening to a podcast and another helpful tip I heard was that if you want to get several estimates for a job, say from craigslist or a combination of sources, one rehabber would schedule 10 contractors to come and meet him for estimates at the property for the same window of time.  That way, he would not be stuck waiting for contractors that did not show because at least maybe 5 of them would actual come for the appointment for estimates. His first mistake was scheduling 10 contractors, one for each hour of that day, and then only 2 showed up or something like that. Then, the contractors know they have competition for your business. Also, I definitely agree with @Lelith Walker. Licensed, bonded, and insured. Get a copy of those items prior to the work starting. When getting estimates, request a materials list separate from the labor costs so you can do a side by side comparison. This may be challenging to find contractors to do this, but if they are not willing to do this, consider passing on them. Just some tips I've heard along my learning journey!

 If I as a contractor found out somebody was getting 10 bids for a job, I'd politely decline to bid.   The people that do that are bottom feeders and their only concern is how cheap can I get it.   I don't play the price game.   I do quality work and guarantee what I do.   I'm not a chuck in a truck off craigslist.   If you want to find quality contractors,  you ask friends and family who they have used.   Then you do as somebody above recommended.   Do the Angieslist or Thumbtack route.   Stay away from Craigslist.   Those are free ads people can place and you never know what to expect.   That would be the last place I'd look for a contractor.   

Post: Should I borrow from 401K

Brian MathewsPosted
  • Contractor
  • Round Rock, TX
  • Posts 767
  • Votes 389
Originally posted by @Fe Kelly:

thanks everyone. I think I may leave the 401k alone and just use the down payment that we have saved. 

 That's the best thing to do.   People try to get overly sophisticated when investing.  Those people usually end up broke.   Take your time, save up some money and buy something.   Make sure you have a few thousand in reserves when something breaks.   I guarantee something will break such as a water heater, a furnace, the roof will leak, etc.....    As a tenant you never had to worry about that, as  a landlord, you will have to fix it just as quickly as you expected your landlord to fix for you.   Don't rush into anything  or you'll end  up worse off than you are now and take you years to climb out of .