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All Forum Posts by: Marci Stein

Marci Stein has started 206 posts and replied 927 times.

Post: A paying tenant turned into a non-paying tenant

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 942
  • Votes 501

She is a nonpaying tenant . start eviction process immediately

Post: Is raising rent with a long term tenant a good idea?

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 942
  • Votes 501

Raise the rent $30 each year. Everybody can afford that …this is your business.

Post: Is raising rent with a long term tenant a good idea?

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 942
  • Votes 501

Raise the rent $30 each year. Everybody can afford that …this is your business.

Post: Lease modifications after "interesting" mid-year inspection

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 942
  • Votes 501

They are in violation of your lease several times over . I would ask them to remedy the lease, and if they don’t , start eviction. 
unless it is a very difficult location to find good paying tenants, i would make them adhere to the lease on every account.

Post: Lease modifications after "interesting" mid-year inspection

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 942
  • Votes 501

They are in violation of your lease several times over . I would ask them to remedy the lease, and if they don’t , start eviction. 
unless it is a very difficult location to find good paying tenants, i would make them adhere to the lease on every account.

Post: Ok to change price right before contract?

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 942
  • Votes 501

So my house was listed at 219 k, and I agreed to sell at 205 , as is. 
called plumber to turn on heat and hot water for inspection , but the heat did not come on (after I paid him $1000 )

I would like to charge the buyer $1000 more . I now have to buy a new hot water heater.  contracts were sent to lawyers, but not yet signed. 

Has anyone ever done this ? not sure it is the right thing to do and if I lose this buyer, I am not concerned I will charge more for the next one. But the realtor, a friend will be upset.  
thx very much .

Post: Good investment property but price is not right

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 942
  • Votes 501

To me it’s a good investment property only if the price is right.  it has to make sense based on your goals so put in an offer that matches your goals

Post: Sewer line camera inspection and repair

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 942
  • Votes 501

I just had a pipe jetted by the plumber for $900

Post: Buying appliances for rehab cost

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 942
  • Votes 501

Looking to flip a house and need new stove and refrigerator . 
my realtor suggests I go stainless steel 700 each but I want simple white ones for $400 each . 
she says the investment will pay off . Its an average middle-class neighborhood. 
my first flip . usually I have long-term rentals . how high do people go with appliances when flipping? 

Post: Sewer line camera inspection and repair

Marci SteinPosted
  • Rental Property Investor
  • New York, NY
  • Posts 942
  • Votes 501

Jetting is Usually about $800-$1000      ..   that estimate seems excessive. I will get several more estimates