All Forum Posts by: Brandon S.

@Joe Homs It would be for my personal residence that I will likely be looking to flip/rent out in the future. 

Hi all, 

Would love competitively priced and quality contractors that can "do it all." 

More specifically, we're looking to remodel the kitchen (e.g., countertops, backsplash) as well as flooring (probably a mix of laminate, carpet and/or tile) for the entire unit (~1000 sq ft).  

Appreciate any referrals that you can push my way!

Thanks everyone for the replies! Lots of good thoughts to think about on how I can optimize expenses here and there. 

Also @Matt R. - I'd love to hear more about your thoughts on taking the long term view! 

In a nutshell... 

I purchased a rental property recently and I'm losing money everything month. Not an obscene amount but I would say close to ~$100 a month just due to the market I am currently in (Orange County). This was my first venture into real estate which is why I wanted it to be local.

What would you do in my situation? Would you cut your losses and start looking elsewhere? 

Also, any tips on how investing out of state? 

Thanks!

Hi folks, 

Thought I'd give this a try. 

I'm looking to install new flooring (either laminate or luxury vinyl tile) to a second story condo with that is about ~1000 square feet. Also, I'm looking to re-paint most of the walls and kitchen cabinetry as the previous owner chose some colors that I don't necessarily agree with :). With that said, do you know of any good flooring and/or painting professionals that are of good quality and doesn't break the bank? I'm not looking for the most pristine quality in the world but I do want something that will hold up but something that is still moderately priced!

tl;dr: Know of any good flooring and/or painting professionals that are of good quality and doesn't break the bank? 

@Account Closed - GREAT POINTS! Totally agree with what you're saying. Need to find that right balance based on the pool of applicants I receive.

@Joel Owens Thanks for the tips!

@Joe Fairless Going to try ending in $9! What a slick marketing trick :)

Everyone, thank you for the overwhelming amount of responses! A lot to chew on and think about.

But I'm going to keep the long term in mind and just go below market to get quality tenants that hopefully will NEVER leave! ;)

Thanks again everyone, your inputs are greatly appreciated! :D

Thanks for all the quick feedback all! I think it make sense to price "it right" instead of my aggressive approach. Thanks all! :)

Just throwing this out there to get some advice/ideas. Here's the situation:

Have a rental property that we priced "somewhat" high. Due to this price, we didn't get many applications. The one application we got has individuals with bad credit so I am a the crossroads of the following option:

1. Do I rent to those individuals with bad credit BUT require a larger deposit?

------ OR -----

2. Lower the rent and put it on the market again and see how it goes?

Just FYI, I am at the point now where the previous tenant had just moved out and I'm at the point now where the positive cash flow I received from them is being erased each day I hold out. Thanks for any help/advice!

@Eric Belgau - apologies for the late reply! Been totally busy.

But just wanted to thank you for your detailed answer! Super helpful details in there. Thank you very much!!!