All Forum Posts by: David Georgeson

Also I will note, they did say it was due to changing the class from a class 3 to a class 2 property. Which I think is residential to I guess essentially commercial or for profit.

So I created an LLC which is 100% owned by me for putting my investment property in. I kind of figured it might bump my property tax up a little bit but is it expected to see them double from what they were. When it was under my name, they were approximately $1300 a year but now they know it's in an LLC they have gone up to $2600 a year. Should I question that or is that to be expected?

I am looking at purchasing a house that my realtor says is part of an estate.  I generally know what that means but I don't know if there are any potential cons with this situation.  

The property is off a "main road" that goes through town and it is not a city owned street.  There are 4 to 5 houses on this private drive way which is paved like a street but is not maintained by the city and most if not all of these houses belong to family members in the estate.

I have to concerns about buying this property and please fill me in on your thoughts and opinions.  

1.  I might potentially purchase this house to be an investment property and rent it out.  It has me concerned of what the other family members in this estate will think or do if they know I am looking at it as an investment.

2. I dont believe there is any kind of HOA or ruling organization for these group of houses but it has me concerned that if one day they all decide they want to repave the driveway or add lighting or something along those lines, they would try and make everyone chip in and pay their fair share. Im affraid if they hypethetically want to make an inprovement I dont agree with, could they potentially put a lean on my house if I dont pay in to their projects?

Thanks,  Appreciate all the feedback.

The entire left side of the house is also lined with tall trees so taking these trees down would not hardly effect the amount of shade being cast on the home.  Im currently waiting for estimates on both cutting down the trees and just trimming them.  

Im guessing its going to be upwards of about 1500 to 2000 to cut them both down but if I dont do it now, they are just going to get bigger and more expensive to cut down.

And yes, in front of the tree on the right side is the power line coming in from the street so there is that to deal with also.

So I have a rental property with two fairly mature trees directly in front of it.  Its gotten to the point where I either need to trim them or just cut them down completely to the ground.  I am debating about this because I know most people like mature trees but in this particular case, they almost completely cover up the front of the house.  My thinking is that if I remove them completely it might bring back a little more curb appeal to the property and make it more inviting to potential renters.  I'm afraid if I just trim them I am just kicking the can down the road and will have to keep trimming them every few years.   They are both healthy and don't appear to be doing any damage to the house other than maybe dropping leaves and twigs every now and then.  Thoughts?

So I have a rental property that I am paying a management company to maintain and rent out.  It is currently vacant but on the market to be rented out.  The property management company just informed me they had to pull the property off the market because they found a squatter had broken into the home and was living there.  I do not know what the extent of any damages caused by the squatter are yet, but, my question would be, who should be responsible for paying for any damages caused by this said squatter?  Is it to be expected that since I am hiring a property manager to look over my property, they should have kept a better watch on the place and should be responsible for fixing the damages, or is that just par for the course and I as the investor will end up having to pay for any damages done?  I have skimmed over the management agreement and it doesn't really say anything specific in regards to who is financially responsible in the case of a squatter breaking in.