All Forum Posts by: Lokesh W.

I am in this situation now. One of the duplex unit will be rented. The tenant agreed to maintain the lawn and take of snow removal in snow season for $100 a month. The Lawn is small. I wanted to make them pay me regular rent and then pay them for lawn and snow care. I could claim the $100 as expenses.

Is there a disadvantage in doing this? Which one is better – Having lawn care part of the rental agreement OR making the tenant regular rent and then paying them for lawn/ snow care??

Kelly N., Yes, those are my thoughts too.

David Barlow, I hope my duplex basement does not become a community laundry room :)

Great ideas! Thanks!

Good question. Maybe I will watch this for few months and will decide if I should get a coin operated or not.

Kelly N.,

Laundry hook ups are in the basement not in each unit. Yes, they pay utilities.

Hi All,
Thanks for your responses. I think I will NOT put the coin operated laundry in this duplex. Factoring that into the rents makes more sense. I want the tenants to be happy about living there. Saving them from a trip to Laundromat is great benefit especially in Wisconsin winters.

Some people here told me that college students sometimes might do laundry of their friends who don’t live in my property and utilities will be higher. What if one of the tenants brought in more friends’ laundry? This could be an issue so a coin operated laundry will help resolve this issue. Anyways, having read all the suggestions, I have decided not to put coin operated laundry.

Personally, I would not put a coin operated laundry for a Single Family – I think it makes the landlord look cheap…

Hello,

I will be closing on a duplex purchase next month. Everything looks good so far. I am making a list of things to do after closing.

There are 2 washers and 1 dryer that will come with the purchase. I wanted to convert these machines into coin operated. Very likely, I will have students living as tenants in this building. Is it a good idea to do this or not? I am concerned that coin operated machines break more often and can be frustrating for the tenants.

Any suggestions are greatly appreciated.

Thanks

Tracy Coats, Sorry Peter Conti's training did not work out for you... As I have mentioned in another post of mine at BP - I have unsubscribed from Peter Conti’s email list. I had joined his list because I was impressed by his books on Pre-foreclosure investment and also commercial real estate. But all his emails offers and trainings seem to be too good to be true.

I have unsubscribed from Peter Conti’s email list. I had joined his list because I was impressed by his books on Pre-foreclosure investment and also commercial real estate. But all his emails offers and trainings seem to be too good to be true.

My attorney’s assistant asked me to speak with the seller’s attorney and negotiate myself first and if it does not work out, involve my attorney.

I spoke to the seller’s attorney and he agreed to $300 payment; that’s amount I would have paid for the property inspection on this 3/3 duplex. He appreciated my honesty is telling them the real reason for backing out from the deal (because I found a better deal) and NOT finding some weasel clause in the contract like the property inspection. I was surprised that the seller’s attorney was nice.

If I had gotten out without paying anything, then I would have felt bad so $300 is not bad for me. I’ve sent this check to the realtor. Once he receives the money, he will write a mutual cancellation contract. Let’s see how this turns out in the end.

I thought I got some great suggestions on this topic. I read through the entire discussion again.

I hope I don’t have any more issues with this deal because I want to put this behind and move on. I’ll keep you posted here on BP…