Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Mike Franco

Mike Franco has started 41 posts and replied 547 times.

Post: Porcelain tiles vs vinyl

Mike FrancoPosted
  • Los Angeles, CA
  • Posts 555
  • Votes 261

porcelain is cheaper in material cost, but vinyl is easier and faster to install.

porcelain, when thinset is applied properly, is pretty much crack proof. 

I recently removed porcelain tile I installed a few years ago, and whacked it hard with a hammer multiple times, and it would not crack.  I had to hit it with a chisel from underneath in order to break the tile.

Post: does vinyl plank really stand against abuse?

Mike FrancoPosted
  • Los Angeles, CA
  • Posts 555
  • Votes 261

i'm talking about the general 12mil wear layer kind.

I just saw this rental listing on zillow, and its hardwood floor is scratched to hell >>  

so I question whether LVP can even hold up.

Post: R22 (Freon) AC unit Replacement Plan of Action

Mike FrancoPosted
  • Los Angeles, CA
  • Posts 555
  • Votes 261

what's the average cost to suck out all the old r22 and replace with synthetic?

I have a 40 year old central ac unit still running.

Post: Whats the trend for Bathroom Tiles (wall & floor)

Mike FrancoPosted
  • Los Angeles, CA
  • Posts 555
  • Votes 261

try to imagine what is timeless.

Large format tile is the future. Don't go too beige or gray. White marble-looking porcelain would be good.

Bathrooms should have light colored floors and walls to make them seem airy. Dark colors make them look small and gloomy.

how much is your security deposit?

worst case scenario, you wait till the end and do smoke remediation and bill her the whole thing.

if other tenants are complaining about smoke, and they are certain she is smoking, she's violating the lease contract.

Maybe ask the other tenants if they can take a photo catching her in the act. Then evict.

i doubt the water company guy checked anything besides the meter. "very bad leak" is a lazy response.

OP, is there a shut off valve between the house and the meter?

Go look at the meter yourself. It probably has spinning dials. Shut off all your water, and see if the dials are still spinning.

Post: Home Warranties does anyone use them? Or a scam?

Mike FrancoPosted
  • Los Angeles, CA
  • Posts 555
  • Votes 261
Originally posted by @Tanisha Thompson:

Julie Verardi,

I've had American Home Shields for about 10 years now and believe that it's worth it.  I use it for 3 different properties and haven't had any issues with them.  They've replaced furnace, washer, dryer, AC refrigerant and refrigerator.  I say you'd have to know exactly what would and wouldn't be beneficial to you and what will work best for you.

 How much is your total yearly premium for the 3 properties?

Furnace is ~$2000. Washer dryer $800. Fridge $1000

5 copays $250-350?

In 10 years, have you paid well over $4000 in premiums?

if so, how is it worth it if it costs less paying out of pocket for all the appliances ?

Post: Tenant Wants to Replace Appliance

Mike FrancoPosted
  • Los Angeles, CA
  • Posts 555
  • Votes 261
Originally posted by @Brooks Rembert:

Young, naive, newbie landlord Brooks once had a tenant who offered to buy a new stove. All he wanted was a $50 a month a month reduction on his 12 month lease.

"$600, but a new stove and no installation costs... sure why not."

Guess how the story ends... 

Tenant trashes the house while never paying rent on time.

Oh... and no new stove.

My advice? Do it yourself, under your terms.

He rented the place with the current dishwasher.

Tell him to live with it until YOU decide to replace it.

 it could have been worse. 

He could have installed the stove... improperly, and burned your whole house down.

Post: California Rent Control

Mike FrancoPosted
  • Los Angeles, CA
  • Posts 555
  • Votes 261
Originally posted by @Account Closed:
tenants have no loyalty to nice landlords. These new rent control laws have only galvanized me.

I

exactly. And they're only loyal because you're paying them to be loyal, through steep discounts.

Also, why stay $400 under market? Bump that up to $100-150 below market.

Post: Home Warranties does anyone use them? Or a scam?

Mike FrancoPosted
  • Los Angeles, CA
  • Posts 555
  • Votes 261
Originally posted by @Noel Serrano:

@Julie Verardi- I use American Home Shield for my primary residence and it is worth it. Last year, I got a brand new refrigerator after 3 repair work , the brand new refrigerator is worth $2500( I bought it for $1000 during Black Friday 2010). Then this year our washer and drier finally stopped working. I also got a brand new model worth $2500 for both( I bought it for $1200 during Black Friday 2010) after the repair company can’t find a parts or can’t do the repair. I am paying $34 per month with $125 call per service . Paid $250 dollars and got $5000 worth of appliances and so far I paid only for 3 years worth of monthly fee( more or less $1200). I came up ahead .

 You're the exception, not the rule.

I used to have AHS, and they denied EVERYTHING. All I got were bandaid fixes.

Somehow, the technicians had no incentive to request replacements, because the dirty secret is, the more claims that contractors push through, the more AHS penalizes them by giving them fewer and fewer referrals. AHS incentivizes contractors to do the minimum amount of work.

This is the LA area, where contractor competition is fierce. They're fighting for every AHS referral. I assume you live in an area where there is hardly any competition, so contractors are more likely to be generous.

With the money I saved by not paying AHS, I came out ahead. The premium used to be $600 per year. 

Since cancellation, I've spent $1200 on a water heater, $300 on a plumbing issue. The old toilet used to clog sometimes, and I got tired of wasting repeated $75 service charges, so I spent $100 to put in a new toilet, and no more clogs.

Things don't break as much as you might think.