All Forum Posts by: Carol Bloom

There is a car wash association you should check into. I did a marketing presentation to the group in S. CA.

Freddie Mac has a small balance loan program for 5+ units. Talk with @Conor Freeman for more information. 

@Ned J. I'm at the point of moving on as you suggest thanks to everyone's feedback.  Lesson learned: add flooring not carpeting.

Any investors from AZ-Scottsdale area that can chime in about what a judge will accept like what @jon Holdman is suggesting?

@Teri Feeney Styers I like the logic !

@Russell Brazil

@Peter B.

@Erik W.

@Colleen F.

Thank you all for sharing your experiences, it helped me a lot. I guess I did ok if the IRS depreciation schedule is 5 years for carpet. I like Peter's method of charging a per dollar fee for the pet on top of the rent. Is that per pet or multiple?

The tenants cleaned the carpet 3x a year at their expense, so much cleaning that the carpet doesn't look good anymore. I agree to move away from carpeting to flooring. 

Erik, I like how you position that pet pee is not normal wear and tear but it's damage. I am going to implement your "handyman" theory to check on the maintenance of the house. I can't agree with you more about water leaks just paid $1,000 to a plumber last week but it was such a fluck thing the actual connection of the pipes got disconnected. The property is in CA the ground moves and it caused a leak from the bathroom to the ceiling in the garage, however my home warranty covered it.    

@Sam Shueh I agree with your assumption of the value of the carpet was 50% is that what you are suggesting to charge the tenant for cost replacement?

I usually don't like to allow pets either but 5 years ago the marketplace was very different, I was happy to get a qualified tenant who paid on time and took good care of the house.

Hello BP community!

I'm Carol I need your help how do you calculate how much to charge for "normal wear and tear" on carpeting. I have a tenant moving out, they have been with me for 5 years the carpet was not new when they moved in but they have a dog paid $250 pet deposit. When I went to visit the house with the realtor because I'm going to sell it, I noticed lots of pee spots and dirt spots. The tenant said they will have the carpet cleaned before they move out but of course they are in denial of how the spots got there. I will be replacing the carpet but I'd like to get a formula to calculate what's normal vs what's the tenant expense if any to pay?

Thanks!

@Karen Schimpf what a great idea to use a note company! Thank you for explaining the benefit as I have no experience working with notes.   

Remember direct mail has a 99% failure rate, what other marketing are you doing?