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All Forum Posts by: Eric Mcginn

Eric Mcginn has started 37 posts and replied 221 times.

Post: Hire Contractor or Fix Myself?

Eric McginnPosted
  • Real Estate Investor
  • San Bernardino, CA
  • Posts 221
  • Votes 85

As long as it doesn't interfere with renting, do paint and floors yourself. Get extra flooring because you'll Mess up a few cuts. Congrats!

Post: How Much to Invest in Landscaping for Rental Property?

Eric McginnPosted
  • Real Estate Investor
  • San Bernardino, CA
  • Posts 221
  • Votes 85

Exactly, backyard landscape features will not really effect what you can ask for rent. I see you already have a porch, so there's your outdoor living space. Beyond that, grass is good, although looking at all the sand, grass won't be especially cheap either. 

I mean, you'll be there for a year so if you want a pergola and picnic table for yourself that's one thing, but doesn't add much value for a rental unless it's a vacation rental. 

I would literally just rake it and think of it as a Japanese garden

Post: How Much to Invest in Landscaping for Rental Property?

Eric McginnPosted
  • Real Estate Investor
  • San Bernardino, CA
  • Posts 221
  • Votes 85
Originally posted by @Matthew Paul:

@Kristine Groemping well with those pictures you are giong to spend the big bucks . If this is a rental and its going for $1200 a month , grade and plant grass , thats it . Tenants wont maintain an "outdoor living area" . You will NEVER recover your money in landscaping .   

Mr. Paul is right. This past fall I installed a a patio per the recommendation of one of my tenants in my triplex. I installed it with the tenants and my brothers help for about $1200 or so in materials over a couple days. I thought, I'm such a good landlord, they're gonna love their little patio. Saw it a few months later and I don't think anyone had stepped foot on it, all the sudden they all became too busy to even use the space that they wanted. 

Not a big loss, looks a bit better than before but literally no one has used it, they all already have porches!! 

So yea, grade and grass for the rental, especially if you're digging it up later for sewer you said? 

Post: How Much to Invest in Landscaping for Rental Property?

Eric McginnPosted
  • Real Estate Investor
  • San Bernardino, CA
  • Posts 221
  • Votes 85
Originally posted by @Matthew Paul:
Originally posted by @Eric Mcginn:

Start with some neighborhood kids and steel rakes. 

Thats funny , you are talking about hand tools and manual labor . If it doesnt have buttons and hook up to the net the "kids" are lost .

Lol very true, there are a few hard workers left out there though. I have a 14 year old girl who shovels my driveway lol, she came to me with the offer. 

Post: [Calc Review] Help me analyze this duplex deal

Eric McginnPosted
  • Real Estate Investor
  • San Bernardino, CA
  • Posts 221
  • Votes 85
Looks optimistic but a good deal none the less. I'd plan on cashflowing half of what these numbers project for the first few years at least. 



Originally posted by @Char Tovar:

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Post: How Much to Invest in Landscaping for Rental Property?

Eric McginnPosted
  • Real Estate Investor
  • San Bernardino, CA
  • Posts 221
  • Votes 85

Start with some neighborhood kids and steel rakes. 

Post: Gut or sell my SFR that has constant maintenance issues?

Eric McginnPosted
  • Real Estate Investor
  • San Bernardino, CA
  • Posts 221
  • Votes 85

Fix leak asap. Take time fixing other issues. Keep collecting rent. You've made it this far. If you really did finally find a good tenant than you can finally relax for a minute 

Post: Third floor fire egress

Eric McginnPosted
  • Real Estate Investor
  • San Bernardino, CA
  • Posts 221
  • Votes 85

I wonder what would be involved with putting a walkway on that roof. Ideally I could install a caged ladder from the 3rd floor window but none of this crap is clear. It's a big old cluster F of confusion. If they really wanted to save lives they'd let me just install a permanent ladder. I mean it's only 2' from being ok. Oy, I have to remember to measure the interior sill height, from the pictures it looks like less than 2' probably 23" lol

Did I mention I'm considering installing a 30" deck under the window to make it less than 20'.

But I would still have to deal with the other side. 

Post: Third floor fire egress

Eric McginnPosted
  • Real Estate Investor
  • San Bernardino, CA
  • Posts 221
  • Votes 85

Interesting, so I would still need a secondary egress somehow though. 

Post: Third floor fire egress

Eric McginnPosted
  • Real Estate Investor
  • San Bernardino, CA
  • Posts 221
  • Votes 85
Interesting, making the stairs fire rated... 
Hmmmm and then you didn't need a secondary egress? 
Unfortunately the fire marshal hasn't been especially responsive. 

I sent him a question about installing sprinklers in the whole house over a week ago. I've since learned it will be $40k for sprinklers so have changed directions but I still haven't heard back from him. 




Originally posted by @Ryan Tessier:

@Eric Mcginn

I’ve had this same problem at my first three family. Your best advice would be to ask the fire Marshall directly, mine was very resourceful in helping me get my building to code.

The fire codes are obviously different in our states but if I were to build a fire escape coming off the third floor It would need to extend 10 feet past those windows before descending if those windows aren’t fire rated. I’ve found a much cheaper option to be taking the existing stairwell inside the house and fire eating it instead. Double layer sheet rock, egress lighting and fire rated doors.