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All Forum Posts by: Gwen Fyfe

Gwen Fyfe has started 11 posts and replied 220 times.

Post: Interpreting News Stories

Gwen FyfePosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 227
  • Votes 287

@Antoine Martel That one is going to be in Euclid. I haven't seen actual wage figures quoted anywhere, but Amazon don't pay their warehouse workers well. As @Tom Ott said, though, there's going to be another one too, in North Randall! So at least it's more jobs than I thought.

I have to say though, I actually haven't seen a lot of problems with unemployment in the Cleveland area. Maybe I'm just blind to it. But I'm in accounting and get interviews very quickly, my friends in tech, social services and even the arts get jobs pretty quickly too, pretty much all of my tenants are in service professions and they have no problem picking up work. I know our unemployment rate is higher than the Ohio average but I don't think it's at a problematic level.

Post: Interpreting News Stories

Gwen FyfePosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 227
  • Votes 287
Originally posted by @Tom Ott:
Originally posted by @Gwen Fyfe:
Originally posted by @Antoine Martel:

Depends on the kind of company that is moving in and what kind of jobs are created. If Amazon moves into Cleveland and hires 50,000 people and pays them $100k each. Then yeah that will have a very large impact. If Nike opens a warehouse where they ship out product, and they hire 50,000 people and pay them $10/hr. Then that won't make much of a different. Make sense? 

 Amazon has actually just said they're opening up a warehouse here in Cleveland... but it looks like it's going to be 1,000 people making $10 an hour. :)

Did you also see that Amazon announced a second distribution center? Now there will be one in Euclid and North Randall. It will bring about 4,000 jobs to the area!

 Oh, nice! I had only heard about the one in Euclid.

That's awesome, right near my Bedford properties. :)

Post: Interpreting News Stories

Gwen FyfePosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 227
  • Votes 287
Originally posted by @Antoine Martel:

Depends on the kind of company that is moving in and what kind of jobs are created. If Amazon moves into Cleveland and hires 50,000 people and pays them $100k each. Then yeah that will have a very large impact. If Nike opens a warehouse where they ship out product, and they hire 50,000 people and pay them $10/hr. Then that won't make much of a different. Make sense? 

 Amazon has actually just said they're opening up a warehouse here in Cleveland... but it looks like it's going to be 1,000 people making $10 an hour. :)

Post: (Current) Tenants say the dumbest things, too...

Gwen FyfePosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 227
  • Votes 287

Inherited tenant hasn't paid any rent since I got the property 6 weeks ago. Slumlord seller had no agreement to give me but the one thing she and the tenant agree on is it's just a month-to-month agreement. Of course, the tenant has been dodging me whenever I've shown up with a new lease to sign. She also refused cash for keys. So, I put up a pay or quit and also a termination letter on her door.

She texted me. She doesn't think I can terminate a lease that doesn't exist, so I can never legally get her out of my property. She'll be talking to her uncle who's a lawyer "to see wat my opinion are".

Okay lady.

Post: Tenant Applicants say the dumbest things

Gwen FyfePosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 227
  • Votes 287

Ahhhhhh. :)

Post: Tenant Applicants say the dumbest things

Gwen FyfePosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 227
  • Votes 287
Originally posted by @Steve Babiak:
Originally posted by @Gwen Fyfe:
Originally posted by @Steve Babiak:
Originally posted by @Jeremy Hua:

It's simply fascinating how 3/4 of this country lives. There is no doubt that we are outnumbered, and the wild things we hear, are actually more common than not. 

There's always some sort of drama llama of why rent isn't paid, always. If I could find a way to collect rent through a MetroPCS, Cricket, or pay as you go mobile company, I would. The mobile phone bill always gets paid, always. 

Hmmm ... maybe you add to your tenant screening criteria that applicants using those mobile phone services will have some sort of adverse action. Maybe you can just exclude them since your history with tenants using those services shows that rent payments become spotty; if excluding them means you won't get many applicants, then maybe there is some other adverse action more suitable, like a guarantor or co-signer required, bigger security deposit, etc.

 I think Jeremy was just saying these tenants care more about paying their phone bill than their housing bill?... 

Sure, but I was suggesting that if that behavior bothered him enough, he could screen for that characteristic and thus have less of that behavior.

Hm. I'm not sure you can realistically screen for that.

Post: Does installing central air add value in lyndhurst Ohio

Gwen FyfePosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 227
  • Votes 287

Yes, I definitely would do it. The type of tenant you want, wants AC. I think you'll struggle to get good tenants paying good rents without it - especially if you're putting it up soon, it's 90 degrees out there!

Post: Super Excited in Asheville NC

Gwen FyfePosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 227
  • Votes 287

Welcome, Jennifer! I hope it works for you.

I love Asheville. It seems like it could be a good city for AirBnB.

Post: FHA Loan Question - Need guidance!

Gwen FyfePosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 227
  • Votes 287

Nope. There's no way to do that legally.

If you are asking "How will I get caught?", well, I'm not sure. But it's really not something you should mess with, and I'm sure you understand why it would be irresponsible to ask people on this forum how to best commit a crime.

Post: Tenant Applicants say the dumbest things

Gwen FyfePosted
  • Rental Property Investor
  • Cleveland, OH
  • Posts 227
  • Votes 287
Originally posted by @Steve Babiak:
Originally posted by @Jeremy Hua:

It's simply fascinating how 3/4 of this country lives. There is no doubt that we are outnumbered, and the wild things we hear, are actually more common than not. 

There's always some sort of drama llama of why rent isn't paid, always. If I could find a way to collect rent through a MetroPCS, Cricket, or pay as you go mobile company, I would. The mobile phone bill always gets paid, always. 

Hmmm ... maybe you add to your tenant screening criteria that applicants using those mobile phone services will have some sort of adverse action. Maybe you can just exclude them since your history with tenants using those services shows that rent payments become spotty; if excluding them means you won't get many applicants, then maybe there is some other adverse action more suitable, like a guarantor or co-signer required, bigger security deposit, etc.

 I think Jeremy was just saying these tenants care more about paying their phone bill than their housing bill?...