All Forum Posts by: Dennis Huber

We have an application and the tenant is going to be getting housing assistance form catholic charities out of Wilmington DE.

I'm told it's kind of like section 8 assistance but I'm looking for opinions of people who have worked with catholic charities.

The good and the bad.

@Theresa Harris they are down but not even close to pre pandemic. Many other things are still having monthly and by monthly price Increases.

I priced an exterior door in July and went to order in sept. It went from $1700 to over $2300

We settle on our 3rd residential property in a few weeks and feel it's time to start collecting rent online or through an app. What do you all recommend? We are negotiating on a commercial property that would have potentially for 12-18 different units so we would need something that does both residential and commercial.

@Nicholas Landis when you say 48 hours is that printing time or is that printer shows up to printer gone time?

Here in Southern Delaware all the first floor walls can be put up in one day. Second story floor next day and second floor walls third day.

When you say structural walls are the none structural still framed?

I just don't see any savings in the printed homes yet. You complicate all the trades with nontraditional processes. This negates any time or labor savings.

@Nicholas Landis Is this really doing anything more then the walls? Everything I have researched 3d printing is just concrete walls. In my area the whole basement or foundation is formed poured and stripped in 3 days. I can't imagine the printer does it any faster.

@Luca Mastrangelo

I have had good luck with lvp flooring. Who ever you buy it from should be able to install. My experience with home depot and Lowes is they hire who ever is willing to do the work the cheapest. (I installed doors for home depot for a short bit when I first started my buisness).

Then if the tenent wants an area rug it is up to them. This way you remove idea in the tenets mind of the carpet problem. Having removed a ton of carpet it is crazy how much is stuck in it even in the cleanest of homes.

We have a renter who has a hard time controlling her emotions. She has been in the house for 10 months and her lease is up at the end of October. So naturally she is looking for a new place and put us down on the application as her current landlord. The new owner called us and started asking my wife questions and all we said is we wouldn't rent to her again.

The renter has now gone on Google and reviewed my remodeling buisness giving it 1 star and says I'm rude and don't care about customers.

Google will not take the review down even though she was never a customer of that buisness.

Do I just chalk it up to a learning experience and try to push more reviews to drown hers out?

 We get $675 a month now. We should be able to with a little remodeling be able to get 800-850 pretty easily. The seller wasn't going to sell it to us if we were kicking the current guy out. He is 90 and lives off of Social Security. He really couldn't afford to pay any more. It cash flows about 450-475 a month so I'm good with it for now. 

@Kyle Smith I like the idea of the mini splits. The tenant should be able to reduce utility cost by only running units in the rooms needed and not the whole house. These should be cheaper to install since they only need to run a lineset, a drain and a few wires. Not all the ductwork.

As far as size and unit choice you need an hvac contractor to figure that out for you. I have seen up to 4 heads ran off of a single outdoor unit. I have 3 heads in my shop and it has worked great.

Investment Info:

Single-family residence buy & hold investment in Laurel.

Purchase price: $36,000
Cash invested: $36,000

This is a small 1B 1B

What made you interested in investing in this type of deal?

I was a low risk for our first rental.

How did you find this deal and how did you negotiate it?

MLS

How did you finance this deal?

Paid Cash

How did you add value to the deal?

We haven't done anything yet. The current tenant had been in there for 9 years so we just kept him in place. We plan on doing improvements and raising rents once he moves on.