All Forum Posts by: Chinmay J.

Everybody's a critic. Maybe this one in more in line with what you're saying:

"Give a man health and a course to steer, and he'll never stop to trouble about whether he's happy or not."

--George Bernard Shaw

Or then again:

From childhood’s hour I have not been
As others were—I have not seen
As others saw—I could not bring
My passions from a common spring—
From the same source I have not taken
My sorrow—I could not awaken
My heart to joy at the same tone—
And all I loved—I loved alone—
Then—in my childhood—in the dawn
Of a most stormy life—was drawn
From every depth of good and ill
The mystery which binds me still—
From the torrent, or the fountain—
From the red cliff of the mountain—
From the sun that round me rolled
In its autumn tint of gold—
From the lightning in the sky
As it passed me flying by—
From the thunder, and the storm—
And the cloud that took the form
(When the rest of Heaven was blue)
Of a demon in my view—

-- Edgar Allan Poe

Or still:

"So many of our dreams at first seem impossible, then they seem improbable, and then, when we summon the will, they soon become inevitable."

Christopher Reeve

Why don't you put something out that is original than quote other people..

1 Vote

Happiness is a choice.. Real Estate has nothing to do with it per se. Personally, when I am learning, growing, reaching new heights I am happier. Real Estate can be a great vehicle to learn and grow, so can other things..

1 Vote

@Abhijit Trivedi - Dude that was awesome ! I was very close to reaching out to Spartan to book property that they recently sent me.. With my demanding 9-5 job, I am unable to do out of state investing w/o support system, and I was under the impression until this point that Spartan provides a superior support system. I have had several calls with Danny Cole, and even got preapproved from their preferred lender..

It seems that Spartan puts lot of restrictions on you like:

a) you have to use their preferred lender or have EMD of $5000 instead of $2500..

b) Absolutely no say in the tenants they place.

c) $500 renewal fee.. Danny Cole told me that most of their tenants renew for 3-4 yrs.. They gave me the impression that tenant turnover should be the least of my worries..

BTW - I am not new to real estate.. I own and self manage 4 properties in Northern VA, and used to be a realtor too. In 2021 I put my license i referral status as my job has become my primary focus. Considering various OOS markets for buy and hold better cash flowing properties, and I thought.. that Spartan fit the bill

*** CJ OUT ****

0 Votes

Originally posted by @George Munoz:

happy to help in florida!! it will work where ever you find that #s work ;) ..

I sent you a connection request to connect re: Florida Market. I am mostly interested in exploring JAX, and have never seen Fort Lauderdale even mentioned. I take anything close to Miami is going to be pretty hot.

1 Vote

Why hasn't anyone said anything about Jacksonville, FL ?

2 Votes

Thanks for all your responses and support.. I have dropped the idea or STR in the Miami area.. Sounds very appealing, but not really doable at the price point that I was looking for..

0 Votes

I would go w/landlord history with potential tenants. Their Income to Debt Ratio, not just credit score.. Yes, 700 seems to be a bit on the higher side.. My sweet spot is 650. A lot of people may miss out on CC payment (which can affect their credit score), but pay rent on time

0 Votes

Originally posted by @Mark S.:

Originally posted by @Isaiah Williams:

@Mark S. How hard would it be to move a new tenant in? Depending on how easily this could be done, I would have have tenant sign a mutual early termination agreement and let him move out. Keep a portion of his deposit as an inconvenience fee and make sure the property is turn key spotless. So long as it is, have the home ready to be moved right back in within a day or 2. If this guy just moved in and already giving you problems like this, he will continue to be a headache for the entire length of the lease. If its an easy to fill unit, there are easier tenants out there to rent to without the headache. 3 plumbers! I can't believe that you are much better than I am! If the first plumber said there was no smell I would have contacted the tenant and told him there's no issue reported and to either get over it or get out with the above mentioned conditions.

I can move a tenant in easy. I already told my property manager, if he calls again with another odor complaint, then allow him to move out at the end of the month, because I'm not paying to send a fourth plumber.

Why would you pay for even 1 plumber? The lease that I use stipulates that if I send someone and it's a non-issue then I can collect the charge from the client. Now, I haven't had to do it yet as none of my current tenants have reported "non issues", and if someone reports something that turns out to be a false alarm, I wouldn't even charge them, as long as it was done in good faith.

However, in your case looks like the dude wants a way out. You might want to go ahead and let him go.. Don't return his deposit though. Hope you have a strong lease.

0 Votes

Would like to pick brains of any locals in Ft. Lauderdale / Miami area to see if they have an opinion whether these beach front condos can make for a good AIR BNB investment? I am personally not interested in these at this time, but solely asking for some of my friends. What do the overall numbers look like on a pro-forma income statements.. Would investor financing be available for these? What are some of the legal, regulatory pitfalls to watch out for?

Ft Lauderdale Condos

1 Vote

Originally posted by @Joseph Cacciapaglia:

I thought this was a post about networking while at the Department of Motor Vehicles (DMV)... Seemed pretty niche, but I was intrigued.

When I moved to Northern VA from PA, I found it pretty idiotic myself. Over the years I got used to it... I tell people I live in the DMV, they ask me if I am homeless. Then I remind them again..... "I live IN DMV..not AT DMV".. LOL

1 Vote

All Forum Posts by: Chinmay J.

Chinmay J. has started 50 posts and replied 1178 times.

Post: Can real estate create happiness

Post: Can real estate create happiness

Post: Spartan Invest & Alabama Rental Property Mgmt Review

Post: Where to invest in 2021 as an out of state

Post: Where to invest in 2021 as an out of state

Post: Ft Lauderdale / Miami Area Air BnB options

Post: Credit score for Florida

Post: Tenant Claims Bad Bathroom Odor, Should I Just Let Him Go?

Post: Ft Lauderdale / Miami Area Air BnB options

Post: Networking in the DMV