All Forum Posts by: Calum Bressington

Looking for a good contractor I can call for big and small projects in the Cleveland area. Its hard to find decent people that do good work but hopefully someones on here!

-Calum B

Thanks for all your insight, I am going to take these strategies and do pros and cons for them but I know I need to do some increase soon without kicking them out.

Thanks!

Hello,

I recently bought a property in Cleveland and inherited the tenant.  The tenant is amazing and has been there for a long time, she says she has no plans on leaving.  The property is rented at 850 a month with market rent average at 1300 and she covers all utilities and yardwork.  I don't want to be greedy but also that is a humongous gap. Should I just raise it a little per year to get it closer? How much is fair?

Thanks so much for your input.

-Calum B

Hello!

I am in the Cleveland area but would love to connect with you! I have two rentals and a flip project coming soon. I fell in love with this area as an investor and am moving there soon!

-Calum B

Hello, I had a contractor quote me $1800 to do tuck pointing on the chimney.  The chimney is barely holding on and the mortar is missing in some areas.  He said its so much because its a delicate job but I have a hard time with that price.  But again I am not totally sure, does it seem reasonable to you guys? This is in the Cleveland area.

Thanks so much

My general experience is seller financing it is the best when you are looking for the income from the buyer.  You work out terms for the contract and the buyer pays you over time for the house so you don't get all the money upfront.  The terms however are usually a lot shorter and sometimes a ballon payment.

Hope this helps on the general side.

Wondering if anyone has converted their multimember LLC down to a sole member LLC and what the process is, all I have found on it is to fill out form 8832. Also, I won't do any buisness this year through my LLC so will I still have to file? Thanks for everything!

-Calum

I recently bought a new rental and the previous property management told me I need to get a lead paint inspection every two years in Cleveland, does anyone know anything about this?

Thanks