All Forum Posts by: Ethan Griffel

@Jonathan R McLaughlin yes the example in the book says that they just find their own installer, not that they do it themselves. Definitely don't think I'd let them do it themselves! But I still agree, it just seems to me it leaves too much to chance and as a landlord I'm not sure that's control I want to give up on a property?

@Joe Splitrock thanks for your response! How do you determine when to do a cost share and do you have tenants ever question that? It seems to me that most tenants are going to expect the landlord to foot the bill for most repairs unless obviously caused by the tenant.

@Scott M. Agreed, that sounds like a very tenuous prospect at best. My biggest concern was cost management as well. Thanks for the input!

@Bob Okenwa I have to admit that was absolutely my first reaction when reading that as well! Thanks for the response!

I just started reading 'Landlording in Autopilot' and just read about having great tenants take over cosmetic projects such as replacing carpet. In the book the author states this allows tenant to take ownership in their home and just creates a better relationship between tenant and landlord. He explains he has the tenant find the carpet they want and the installer and then give the bill to the landlord to write the check. I'm just curious if you more experienced landlords have ever tried this and what were the results? I'm on my first house and this concept makes me a little nervous! Thanks!

@Evan Polaski awesome tha is for the input. Would something like that be overkill with only one property you think?

@Rick Baggenstoss I'll do that! Thank you!

@Daniel Hyman thank you! I appreciate the offer, I'll do that!

@Will Fraser awesome I will look into seeing if I can find a course! I have stessa but don't feel I understand the mechanics of it all as well as I'd like!

Hi all! Can anyone recommend any good resources for accounting basics for LTR. I just want to make sure I am tracking and recording the right things and in the most helpful way. I have met with my CPA and been given advice on what he'll want but I'm also looking for things like P/L statements and balance sheets for my own information. I only have one property at the moment but want to learn the basics before gaining more.