All Forum Posts by: Gary Thao

Thank you all for the advice. I will followup on it.

Landlord.

My water bill this month was 3x the cost of what it usually is. I thought there was a leak somewhere. I found a hose running to a tenants unit upon further investigation. I also saw a small AC unit which I believe the hose is connected to ( No AC in these units). I am responsible for payment of the water per the lease agreement. What can be done to stop this without getting into legal issues.

Great ideas guys/gals. Thanks!

To those whom are currently collecting their own rents and not using a property manager. Let's say you collect on the 1st of the month. What do you do when you are on vacation/out of town?

You are correct Carlos.

I hope to post more of my experience as this progresses Aaron.

Carlos, I am still working on the deal. I believe timing is everything with "investment properties". If you have time to wait for a "better" deal as most investors, then great. If not, this may be your opportunity, but just make sure you will be able to handle the consequences.

Agreed. Sam has a great letter and advice

Thank you guys/gals for the great ideas.