All Forum Posts by: Clayton Boyle

With a sewer smell in the house, any halfway competent plumber should have checked that the vent stack was clear, which would have shown that it wasn't properly vented through the roof. It sounds like this guy charged you for a bunch of unrelated work, pissed off your tenants, and landed you in hot water. 

I would find a new plumber and apologize to the tenants. 

It seems like it could have the potential to run counter to the arms length affidavits that they must have signed, since this is a separate business arrangement with the agent and the agent now has a financial stake in all of these properties. The guy also has incentivized himself to go as slowly as possible and reject offers early on in the process to keep getting rents. 

Would this rental scheme be something that would have to be disclosed during the waterfall process prior to kicking it over to a short sale?

He can make all the demands he wants to the owner of the property regarding his tenants, but until he owns it himself he cannot give a tenant '10-14' days to vacate. He has no relationship with and no written or oral lease with this woman. All he has is a contract to purchase the property as some point in the future from the owner, who also happens to be the landlord. He is free to make his purchase contingent upon the house being vacant at closing, but there is no scenario where this woman would be subject to eviction by someone who doesn't own the property, have the rights to lease the property out, or has ever had any sort of agreement with her. 

Think about if we were to look at it from a different point of view. Does this guy have any obligations to the tenant during the contract period? If the furnace explodes and injures the tenant, is the prospective buyer liable for those damages? No - that problem lies with the owner/landlord/person in charge of the property. You say he's selling his own property, but it's not his property unless he actually closes on it. 

She has showed no signs of getting ready to move out even though I’ve told her she’s got 10-14 days to vacate.

What am I missing here? I don't understand how someone who does not own the property can tell a tenant to vacate, regardless of her relationship to the home owner. That seems wildly inappropriate and not within the authority of merely being under contract to buy a property. This would be responsibility of who ever owns the property, whether that's her dad, your eventual buyer after they close, or the bank after they foreclose. 

The click-lock floating LVP planks cannot just be removed from the middle of a room. If a piece breaks and you want to replace it, you need to work your way back from a parallel wall to get to that one plank. The thing is, if installed over a properly prepared subfloor, and the LVP product is of a high enough quality, it will last a very long time and is very durable. It's not hard to install correctly and in my experience is nearly indestructible when done right. 

There is some great info and also some terrible advice in this thread. Listen to the people from Mass and Maine, and take their suggestions seriously.

Sand down the peaks, edges, etc and any hardware sticking out of the pine subfloor, clean it and then install LVP over that. You should be able to get the subfloor pretty close to level and able to install something over it. 

Hi David - I don't have any suggestions for app based calcs, but if you are familiar/satisfied with the web based desktop version we have here, it should be mobile friendly to use within your phone's web browser. If you navigate to www.biggerpockets.com/real-estate-investment-calculator while logged into the site on your mobile browser you will see the various calculators available there. This has the added benefit of staying within the BP ecosystem, keeping all your reports in one account/location.

If for any reason it doesn't render properly for you mobile browser, drop a note back in this thread and I'll take a look at it. 

Thanks for the feedback!

Buy a Gen 1 Dakota for dirt cheap and do your own maintenance on it. I got a 93 extended cab, 4x4 Dakota with a V8 in it for a couple thousand, and have used it regularly for the last two years. It's a mid-size, so it's not a pain to drive in the city, but it has the towing capacity and cargo capacity of a larger vehicle. Insuring this truck costs me almost nothing on my policy, and the times I've needed it I've really appreciated having it in my driveway. Fuel consumption on these older small block V8s is astronomical, but I don't really commute in it so I'm ok with that. 

For laptops, I prefer Macs. Their build quality is considerably better than other manufacturers. I do prefer the 2015 Macbooks to the more recent models though, due to the magsafe power connector, better keyboard, display ports and older style USB ports. If you really need to run windows, you have the option of running Windows 10 on any relatively modern Macbook using software called Parallels, which is an amazing program. I seamlessly switch between my Mac and Windows desktops all the time, and really consider it the best of both worlds.