All Forum Posts by: Kyle Hipp

why do you need an actual receipt? The tenant's security deposit is not for reimbursement of landlords costs, it is for covering damage done and charges incurred by the the tenant. If a tenant takes a baseball bat to the $200 ceiling fan I installed a week prior, I am charging them for the $200 ceiling fan regardless of whether I install a $25 light fixture or $500 ceiling fan because the broke what was there not what I put in after they broke it...

You can always upgrade the unit with them in place while raising the rent as well. Regardless of your choice communication will be paramount.

A steel entry door is going to be your most cost effective option unless you have very expensive trim. Another option would be to install a 36" entry door with side lights to use the entire space. 

As far as doors go, i recommend fiberglass entry doors as they are more energy efficient.

if it was adult kids, sure. Minor kids, no. At lease renewal sure. Think about it, if my tenants have twins, can I increase their rent mid lease? No

@Ben Silone, The problem in Europe is that they formed a monetary union without a fiscal union. Before the Greek currency was valued less than the German currency and that balanced things out. Now that they share a common currency, neither nation is any longer monetarily sovereign. In the US the state's all use the same currency and none of the state's are monetarily sovereign. However a weak state like Alabama, received more money back from the Federal government that the state send in whereas as strong states like California gets less than it Paul is in. So in the US the federal government performs fiscal transfer to correct imbalances. The imbalances in Europe can not mathematically go away without intervention. A trade deficit nation such as Greece cannot overcome the currency outflow being related to a currency users status since they gave up their monetary sovereignty 

Brent, not a Keynesian. Most of them also fail to understand that the federal government is monetarily sovereign as well. When the US economy has a trade deficit that is Dollars out of the economy. The private sector can only take on so much debt as we learned (should have) again with the great recession being a balance sheet recession focused on the household sector of the private sector. The public sector is the only entity able to fill the void in the US economy via deficit spending. Of course foolish spending is not beneficial but I have a hard time seeing how you could infer that my example of infrastructure spending would be unwise. 

Would you make the argument that the US economy would somehow be stronger with $5 trillion less in it as I suggested above, how about only $2 trillion. 

I addressed inflation, again after years of folks saying that this nation's reckless spending we are guaranteed hyperinflation or at least high inflation and it never comes, not even close. Heck deflation has been a greater risk over the last decade than inflation by far. 

I did not touch much on monetary policy and have not supported all their moves. Many folks again fail to understand the key point that the federal government is monetarily sovereign when related to monetary policy and believe that the debt for some reason bucking nearly all US history in that the debt should be paid down and or that the FED needs to unwind its investments. Through all this concern the US Dollar remains extremely strong in the global market

Erin, The value of the US Dollar is backed by the productive capacity of the US economy. Mathematically the federal government must run a deficit at least equivalent to the trade deficit in order for the private sector to achieve sustainable growth. Do you think the lives of Americans would be better today if the amount of US Treasuries (national debt) had only gotten up to $15 trillion? That would mean that there was $5 trillion less in the US economy. I do not see how anybody could make a case for that being better especially considering how weak of a recovery we have had since the "great recession". 

The biggest problem facing our nation's future is not the federal government lacking the funds to spend and meet its obligations but rather having the assets for the economy to function on. What is a bigger problem, there being more US treasuries in the global economy or our nation's infrastructure continuing to fall behind because of lack of government investment. 

When one understands the operational realities of our monetary system then it is apparent that monetary and fiscal policy should be focused on increasing the productive capacity of the US economy with inflation as a hedge. Inflation is still a minor risk with literally decades of folks predicting imminent hyperinflation whereas since the recession we can't even hit 2%. 

ken, the US Federal government is the monopoly supplier of the US economy, i.e. a currency issuer, whereas you and I, states and businesses are currency users. The federal government is monetarily sovereign and NEVER CAPITAL constrained. This is a huge flaw in your worry about the $20 trillion in national debt and "unfunded" liabilities. 

Brian, the cities charge this for sewer and street work as well as sidewalks in many cities in wisconsin. One of ours had one a couple years back for both and it was just under $5,000. You can pay it all at once or they add it to the tax bill at 9% interest over 5 years ( I believe it was a sliding scale of like 2-10 years depending on the amount). However our city recently passed a $20 per vehicle registered in the city as a wheel tax to eliminate future tax assessments for these projects 

You deserve to get sued if you are trying to keep rent from your old tenants when you had them move out early (doesn't matter that it wasn't your idea). You cannot charge someone when you moved them out and moved someone else in. Does not matter I'd you charge the new tenant or not. 

It does not matter that it hurts your feelings or makes you feel bad that your old tenants were compensated for their inconvenience. Let them know their check is in the mail