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All Forum Posts by: Ellie Hanson

Ellie Hanson has started 4 posts and replied 118 times.

Post: Tenant Neighbors from Hell

Ellie HansonPosted
  • Investor
  • Portland, OR
  • Posts 119
  • Votes 78
Keep calling the police and making noise and nuisance complaints. Idk about your state but in Oregon the state can eventually foreclose on your house for nuisance violations.

Post: Convert a basement into a separate rental unit?

Ellie HansonPosted
  • Investor
  • Portland, OR
  • Posts 119
  • Votes 78
We put a 2 bed / 1 bath apartment in the basement of our 100 year old house. Wasn't cheap but rents are very high here (Portland Oregon) and we are in it for the long term. I think as long as rents pay back the cost of construction within 6 years then it's a go.

Post: Portland, OR -- Multi-family, FHA Loan- HELP :)

Ellie HansonPosted
  • Investor
  • Portland, OR
  • Posts 119
  • Votes 78
Portland is hot hot hot as you know. We are in the middle of 3 flips right now. If you're talking buy and hold your best bet for affordability and appreciation are Milwaukie and Lents. Brentwood-Darlington is a distant 3rd choice. It's very "pocket-y" here as you know so go out and drive around. You might be unsure about living in your rental in these neighborhoods but it's your best bet. I'm assuming you're talking about Portland Oregon. Ha!

Post: Cigarette Smoke remediation

Ellie HansonPosted
  • Investor
  • Portland, OR
  • Posts 119
  • Votes 78
We're finishing up a flip right now that had super bad cigarette smoke and cat pee. Did TSP on the walls but ended up having to call one of those companies that you call after your house burns in a fire. Surprisingly affordable given the severity of the smoke.

Post: Right Time To Bring Contractor-Wholesale

Ellie HansonPosted
  • Investor
  • Portland, OR
  • Posts 119
  • Votes 78
Please be honest with your contractor that you are just looking for a bid and don't plan on having any work done. Bids are very time consuming when done right and it's unethical to use their time without paying them for it.

Post: Who is more unethical Realtors or used car salesmen?

Ellie HansonPosted
  • Investor
  • Portland, OR
  • Posts 119
  • Votes 78
I haven't found most realtors to be unethical but I've found them to clueless. It's super easy to become a realtor and you get to call yourself one after just taking a test. Haven't sold a single house? That's ok! You're a realtor! In my old profession (CPA) you needed to pass a very hard test (less than 10% pass all the test on the 1st try), work for 2 years apprenticing another CPA and prove 7 competencies to that mentor. Even the appearance of a conflict of interest is enough to get your license pulled. So perhaps I'm biased and expect more but that's my opinion. As far as being "highly religious" so therefore you have a higher moral code I'd beg to differ. It may apply to you but shouldn't be used as a blanket statement. No where else besides religion can a person be horrible, steal, kill, rape and just beg forgiveness (which they always seem to get) and go about their day all absolved. Secular people don't have that easy out and therefore have always proven themselves to be better people. Good without God.

Post: Chart of Accounts

Ellie HansonPosted
  • Investor
  • Portland, OR
  • Posts 119
  • Votes 78
You might consider adding an asset account to hold the money you hold back for long term repairs. For example, if you budget $15 a month for the next 20 years for a new roof.

Post: New member from Portland, OR

Ellie HansonPosted
  • Investor
  • Portland, OR
  • Posts 119
  • Votes 78

So cool to see how many of us from PDX and the surrounding suburbs.

Post: Bees - are they a landlord responsibility?

Ellie HansonPosted
  • Investor
  • Portland, OR
  • Posts 119
  • Votes 78
Please don't kill honey bees. America has a huge colony die off problem. There are services you can call to come and remove the bees for you.

Post: New member from Portland, OR

Ellie HansonPosted
  • Investor
  • Portland, OR
  • Posts 119
  • Votes 78
Hi. I'm in PDX too. Crazy fire day here today, huh?