All Forum Posts by: DL Martin

Hi Kevin;

I'm curious, How much do you plan on spending per unit to fetch that $200 per door? I'm assuming that is $200 after all expenses including mortgage?

I'm a former Californian.

DL

• Do you live in California?                                         NO                                                      
• Have you lived in California in the past 5 years   YES
• If so, where?                                                               SoCal (LA/OC)
• Will you be staying or leaving?                                Split to Cincinnati in 2015
• Why?                                                                            Couldn't Compete with The Best and The Brightest. I'm a Low IQ Loser. 
• What is your full time income producing job?     I'm a Rich CALPERS Millionaire Retiree. but I own a 39 unit apartment complex "hobby" which I spend about 2 hours per week keeping track of. I blow every single dollar that that sucker brings in every month. MAGA!

***Rent control***, state wide, is coming to California, courtesy of Progressive Politics, Diversity and Tolerance. I am delighted when I read the news everyday and see how California is leading the way on every single progressive issue!!!!

I am very sad that I am no longer living there so that I can witness the progress being made on a daily basis. I look forward to newer, fresher, more progressive ideas from the incoming leadership, Governor-Elect Gavin Newsom!!!

Fortunately, my wife's entire family is in the OC, and I have almost three decades of SoCal based friendships, so we get out there a couple of times per year to "recharge our internal solar batteries". My chest swells with pride when I view what California has become over the last 30 years! 

Essentially, we moved out to make room for more incoming millionaires!  

DL

Incorrect on all counts. The GPS tracking in police and fire vehicles (and many other city vehicles) is real time. In black and whites, that Information includes speed, direction of travel and a live feed forward of the vehicle (what the fixed video camera sees ahead), a live feed of the driver officer (if activated) and a live feed of the rear seat (prisoner) area. 

 DL

The level of  violent crime  in Chicago was very difficult to achieve and literally billions of tax dollars have been deployed over decades and decades and generations upon generations,  in order to achieve this level of ongoing success. This did not happen overnight. 

How you "outsiders" can  look with disdain on what  the full power and force of government has attained in Chicago is troubling, and your line of thinking is, as my dear cousin the psychologist would say,.."problematic". 

To those of us whom have worked in government for nearly three decades, this is recognized as "progress." If you were "progressive" you would be able to understand what "progress" looks like. If you are unable to recognize progress, then you are obviously not progressive. 

..If only we had $10mm Federal Grant to study "failure of financially successful real estate business guys to embrace realness, diversness, toleranceness and wokeness in the urban environment".... 

"Attention: paging Rahm, B&M, or anyone working at the Clinton Foundation" 

DL

: )    I only have .55 acre, flat as a pancake, and I have a little entry level 42" zero turn. 18 minutes for the back yard and 12 minutes for the front yard. 

In CA we paid to have our yard mowed/edged. In my defense,  I had a 40-60 hour a week "job" and some rentals... Now I'm "retired" and more or less a "hobby" landlord. 

I really enjoy riding that stupid zero turn... Whoduh thunk????

DL

Roger, I get what you are saying, but... stuff is expensive.   Health insurance alone is $1,000 per month. Vehicle insurance. Life insurance. property insurance. If you don't have a large pension or large 401k to draw on, then add in long term disability insurance. 

Federal, state and local taxes.

Vehicle registrations. 

I don't know about that $40k annual income number...

DL

Joe, you obviously don't own a Zero Turn.  : )

DL

 https://www.alpinehomeair.com

2 Ton, 14 SEER Self-Contained Packaged Air Conditioner, Dedicated Horizontal

$1,834.00

The 2.5 ton is $1871

The 3 ton is $1886

I used to buy these when I lived in California. The company is outside of Chicago and they ship free and do not charge sales tax. 

Further, they don't care if you are "licensed" HVAC guy. You pay, they ship it right to your house or wherever. A crane should cost you $300 to take the old one off and place the new one on the roof. The guy I used was $300 for a 4 hour minimum. It took him 15 minutes. Just have the one on the roof completely disconnected when he arrives.

Get a referral for an HVAC tech to do the job on a Saturday. The units come pre-loaded with freon so dont let anyone charge you extra for that. That includes the freon in several feet of line. 

This stuff is easy.

DL

Hi John;

I'm assuming the 64 units is in the midwest somewhere. Your profile mentions winding down your primary business. I'm going to assume that you sold it, and are consulting for a short period while the new owner gets his/her legs under her. 

I would highly recommend buying a small, cheap, used RV, driving to your investment city, and living on the property 24/7 for 6 months. Get those units profitable. No reason why 64 units in the midwest shouldn't be netting you $11k-$13k per month. 

DL

Cincinnati Coin has 4 washers and 4 dryers in my laundry rooms. My monthly check is right at $500 per month. I think that the split is "50/50"... I have never signed a contract with them and the machines were in my complex when I bought it 2.5 years ago. 

As others have said, a $4,000 investment in my own machines (4 washers/4 dryers) would break even in 4 months, if you assume that I would take the full $1,000 per month instead of the $500 that I receive now... And if I added Coke Machines in the laundry rooms, that would probably bump me another $200 bucks per month... 

which would make the $1,199 per month lease payment on the 2018 Porsche 911 I've been looking at.

DL