All Forum Posts by: Courtney Duong

Me too.

 What is your email?  I can't connect with you since it says your account is closed.  We are investors and do lease back all the time.  If you are interested then let's connect.

I don't know how much it cost.  Sellers put it in before listing the house to us last year.

Yes, my contractor also said water already seep through the joints into the sub-floor.  That's why we had to pull the vinyl planks out and throw them away and put new floor in.  And he showed me how the top and bottom layers are waterproof but the sides/edges are not (carboard kind of material).  I don't know if you can mop the vinyl with the same cloth mop or not since this is in a rental.

Laminate is not waterproof.  People think vinyl is waterproof that's why they go for it.  But if it is not then what's the point?  That's why I am going back with laminate.  Cost for material and labor are about the same for laminate and vinyl.  But to me laminate does look a little better than vinyl.

 Not at all!  I am dealing with it now so I know.   Remember we had that snow/freeze here in Texas last month?  Pipes busted and water and ceiling was coming down in dining room in a rental which has vinyl.  Tenants started moping/cleaning the floor right away but still, in just 2 hours later (yes, just 2 hours, not even a day) all vinyl planks started to warp/separate.  So I looked at them and looks like the top and bottom layers are waterproof, but the sides are still made of carboard kind material!  We are now having to replace all the vinyl planks.  I am going back to laminate now.  Turns out all the contractors/realtors I talked to the last couple weeks already know vinyl are NOT waterproof.  

Thanks for the report.

 Thanks Joel.  Right now we also have a Farmers agent who expresses interest in this same space.  She is waiting for Farmers on approval of our location.  If our building is approved then for sure I will go with Farmers agent.  She is also our tenant from residential who moves here from OK and will open up her agency here.  Only if this location is not approved by Farmers then I will reconsider the cigar shop guy and will check with a local commercial attorney to make sure there is no conflict.  And just like you said, I have concerns not only with the conflict but also if this will be a good fit for our strip, and the smell getting into filtration.  All our current tenants are good and stable so right now we are very being very selective with who we want to bring in as new tenants.

Oh, we did sign a lease with Cricket Wireless back in January (with a 40 locations operator and he personally guarantees the lease) so I have been feeling good about that deal.

Great input/advise as always.  Thanks.  I really appreciate it!

 : )

We bought this strip in 2019.  All the lease already came with this landlord prohibited uses list so now we are stuck with it.

 Yup.

 Thanks so much Frank.  We will ask them to confirm that it will be strictly selling cigars only.