All Forum Posts by: Christopher Stewart

 And this is why politicians don't make a lot of sense. They only give a rebate/tax credit on primary homes not rentals. But it's the rentals that are the least incentivized to go efficient and primary homes that are most incentivized. Seems absolutely backwards of how the credits should be given...

Yeah. crazy pricing these days. gotta love inflation. But back to my earlier question, any advantage to going with the Platinum AC replacement as a "selling point" for future renters? Or go with the Silver level and save me some money...

I've got a 3100 foot SFH rental with two different Heat Pump AC units, I think a 3 and 4 ton units. One of the units is about 15 years old and now needs a 1200 repair. The other unit is working but it's 25 years old and I'm told by the AC tech that the air handler blower motor and assembly is starting to fail and will cost 2500$ to repair. So I'm already starting to consider impounding some money to save up for just replacing the whole unit. There are different price ranges for replacement of heat pump split units that range from 5k-12k. Of course the more you pay the more efficient the units are. Since I am not paying for utilities on the rental, is there any reason to replace with a higher efficiency unit. I can't imagine that's going to be a big enough selling point for a renter to justify the higher cost?

 Fair, it seems the median for 85257 is closer to 550-600k these days, there are some nice pockets in 85257. Glad you are hitting it well out there. But I've got a few friends living in 500k neighborhoods there and you wouldn't want to leave anything outside that isn't chained up. Because it is going to walk off and has. So when I say rough, I just mean comparatively speaking. 

 Well not all Scottsdale locations are the same. South Scottsdale is pretty rough. Probably could buy something there for 400k. But travel 20 miles north to near Troon and Pinnacle Peak and properties are 1-10 million dollars. I think they want to pretend they are part of the 0.5% or something. But really it's one spouse that has all the complaints and the other seems to be the one talking reasonably with the property managers. Not sure what's going on there but I told the property manager moving forward to try and only deal with the reasonable one...

And they do seem way in the deep end of the pool with home ownership. So maybe this is their test and realize they better move back to a "simpler" place than the edge of the desert...

 Yeah that's about the sum of it. IMO we have reached the realm of wishlists and not health and safety concerns anymore. I am already planning on mentally preparing to move on next summer once the lease is up. But will have a very strong heart to heart if they want to stay...

 2 months vacant. I was going to redo carpet with LVP once they moved out to make the place a bit more durable and remove the "carpet" smells issue. They certainly would struggle with the concept of THEM having to move their furniture or pay for it to be moved. 

@Colleen F. I have been going down the appease route already. REPLACED the dryer with a matching one with the washer instead of just repairing it, that way they would have a matching set. Initially had some cabinets painted because they didn't like the original color. on it goes. Problem is the appease route seems to enable them further to ask for more and more...

 Property is North Scottsdale. They aren't happy. They want the house "sealed". They want new carpet because it "smells". But nobody. I mean 6 different people can't smell anything. They didn't like the sound the dryer was making. etc etc etc. So I am trying to be reasonable but all these service requests etc are eating into the cash flow and I believe I have been enabling a "terrorist". Just trying to get a gauge on what others are doing for service on higher end rentals...

I have had a couple of typical 3 bdr/2bath suburban long term rentals over the years and generally the tenants are pretty realistic. I recently moved out of much more expensive home and renting it. It's 7k/month rent and the renters are both 1. totally incapable of living a life with typical home issues (occasional bug in the house, weird smell here or there) and 2. Feel the need to reach out weekly with a new "complaint". The range of complaints is that the threshold below the door is just open enough that an errant cricket or small bug gets into the house. (i pay for yearly termite service and they pay for quarterly pest control), to they can't swim in the pool because they found a dead mouse in there. Currently they are complaining that the refrigerator temperature is hard to micromanage and that the freezer door seal is a little "leaky". I've replaced many things that probably could have just been either repaired or left alone. i am unaccustomed to this higher maintenance renter at this price point. Does this go with the territory or should I tell my renters to pound sand for anything beyond health/safety?

 Actually home warranties FOR ANY PROPERTY are useless. I had a unit go out on a house in Phoenix that I lived in. Home warranty kept sending out a repair person and they would repair a small part at least 5 different times in the span of 5 weeks. The guy basically said " your home warranty will NEVER authorize what needs to happen. Replace the whole unit. instead they will replace this capacitor forever because it is much much much cheaper for them." Plan on repairing the unit on your own dime.