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All Forum Posts by: Jason Zeiner

Jason Zeiner has started 2 posts and replied 16 times.

Post: Wholesale friendly title company

Jason ZeinerPosted
  • Bethlehem, PA
  • Posts 16
  • Votes 9

I guess I'm a bit late to this but I have also used Legacy for title work on a wholesale deal and I would be happy to work with them again in the future. 

Post: Luxury Vinyl Plank or Refinished Hardwood Floors?

Jason ZeinerPosted
  • Bethlehem, PA
  • Posts 16
  • Votes 9

Against the good advice of @Account Closed I ended up going with glue down vinyl plank. 

From all the advice here and the research I did it sounds like there are some tradeoffs for each option. Hardwood floors look great but run the risk of being damaged by tenants (not an option for me, the planks were too far apart). Interlocking LVP is sturdy and easy to install but problematic when it comes to repair and runs the risk of cupping if something heavy is slid over it. Glue down vinyl is also sturdy but can be an even bigger pain to repair but it eliminates the cupping issue.

Honestly I don't know what will happen with it in the future but I will be paying attention to how it holds up over the years and between tenants.

I'd like to throw SlateHouse Property Management on to the list. I've been using them for the last six months and have been happy with their service.

They are pretty upfront about their rates. It's all listed on their website but it's 7% monthly and 1/2 month's rent for placement. There's also a 9 month guarantee. If they place a bad tenant they'll evict and place a new one at no additional cost. 

Post: Need some information on Hard Money lenders

Jason ZeinerPosted
  • Bethlehem, PA
  • Posts 16
  • Votes 9

I know I'm replying 4 months later but right now I'm in the middle of project using LendingHome for a hard money loan. After talking to several other lenders they worked out the best in my situation. They were willing to give me more LTV and better rates than I was finding elsewhere. I had a lot of questions about the process too and they answered all my questions and walked me through the process. I get the impression that each lender has a similar but different process so I feel like this is something you'd have to go through with each lender used.

Post: Luxury Vinyl Plank or Refinished Hardwood Floors?

Jason ZeinerPosted
  • Bethlehem, PA
  • Posts 16
  • Votes 9
Originally posted by @Account Closed:
Originally posted by @Jason Zeiner:

I asked the contractor about refinishing the floors. He says the gaps between the boards is too large. I think for the sake of simplicity and speed I'll be going with LVP on this project. I'd like to get this place cash flowing as soon as possible and I don't want to source and schedule another contractor who's work might interrupt or delay all the other work going on.

Thank you all for your input. I will keep it in mind for the next project.

 Lots of differing opinions right??? 

That's because all flooring has pros and cons, and no perfect flooring exists.

I love floating systems. The floor will need to be flat, some products are more forgiving on that score than others. Hardwood floors often make for a fantastic underlay. Your pine subfloor will probably be great, just look for any warped boards or nails popping up. I've been using Lifeproof from HD and like it's thickness, flexibility and soft feel when you walk on it. There are lots of options out there. The thinner and stiffer options need a really flat floor. The great thing about floating systems is how easy they go in AND how easy they come out. That makes a great option for landlords who replace flooring much more often than they care to. NEVER NEVER NEVER GLUE ANYTHING IF YOU CAN AVOID IT.

As far as hardwood, refinishing it for a rental is a treacherous endeavor. I would only advise that after it is truly too far gone and only in markets that demand it. Marginal floors are often best left alone, just tell the renter to get a damn throw rug and call it a day - a little lemon oil works wonders too. Nothing wrong with a buff/spot stain and poly either. However, by accident/experiment, I've learned that it is ridiculously easy to give a horrible hardwood floor with a million coats of old finish on it a quick scuff sand and a paint. Then apply a couple good coats of poly and presto, the floor looks like new and will be just as durable as anything else (it's the poly that protects). I think this option is fantastic for many rental markets. After refinishing a duplex of floors myself, I will NEVER refinish a floor myself again. Sure, it turned out fantastic on my first try thank you very much, but I lost 20 pounds doing it - no joke - worst experience of my life and I actually enjoy physical labor (it's the damn edging sanders). Best to leave that task to the guys that do it everyday. Finally, bravo to those that have pointed out a pine sub-floor can be turned into a beautiful finished floor. 

Sounds like I am late to the party, but maybe this helps for the next time or, maybe it helps make you feel better about the decision you've made.

Happy rehabbing!

Hi Merritt,

Why do you not recommend gluing down the vinyl plank? Would that be because it's harder to replace pieces of it when damaged? 

Post: Water Leak, big bills...

Jason ZeinerPosted
  • Bethlehem, PA
  • Posts 16
  • Votes 9

I know it's not one of the usual suspects but have you checked the hot water heaters?

My first rental property (a 2 unit) had a slow leak coming from the overflow valve on one of the unit's hot water heater. Before I bought it I had the owners fix it. When I called the water department they said the month before closing they had used 50,000 gallons. Because the basement is a dirt floor the slow drip just disappeared and no one paid any attention to it.

Post: Luxury Vinyl Plank or Refinished Hardwood Floors?

Jason ZeinerPosted
  • Bethlehem, PA
  • Posts 16
  • Votes 9

I asked the contractor about refinishing the floors. He says the gaps between the boards is too large. I think for the sake of simplicity and speed I'll be going with LVP on this project. I'd like to get this place cash flowing as soon as possible and I don't want to source and schedule another contractor who's work might interrupt or delay all the other work going on.

Thank you all for your input. I will keep it in mind for the next project.

Post: Luxury Vinyl Plank or Refinished Hardwood Floors?

Jason ZeinerPosted
  • Bethlehem, PA
  • Posts 16
  • Votes 9
Originally posted by @Aaron Taylor:

Having done both, this is what I would say:

Both scratch (at least the high end Home Depot stuff does), and they're both going to be decently expensive to install compared to carpet.  If you have any sort of water issues, LVP is the worst to pull up.  Water will sit on hardwood (or soak in some), soak into carpet, but will seap underneath LVP so you have to pull it up (which is awful).

I've put some LVP in bathrooms, kitchens, etc.  It was a mistake, I should have done tile.  Not that I've had issues there yet, but tile would have been cheaper, more durable, and more easily repairable.

If I had to do some of them again, I would do (in this order):

Tile

Carpet

Hardwood

LVP

Tile is more durable/repairable and costs the same about (maybe cheaper), carpet can be dirt cheap and install is cheap/fast, hardwood can be refinished and lasts a long time.  LVP is more of grey area right now as far as long term results.

I actually used LVP on the advice of this forum.  In hindsight, it would have been far better for me to do more tile/carpet and use LVP sparingly.  Tile will outlast LVP and carpet's like 1/2 the cost installed, so it's hard for me to make a compelling LVP argument.  Like if the faucet in the kitchen breaks and leaks all over the floor, you'd be ok with tile or hardwood...LVP you're probably going to have to pull up unless the supposedly waterproof joints work.

I guess my advice is, LVP is great unless you have an issue with it (broken plank, water).  Then it's a nightmare, at least for the click joint stuff.

 I am a bit surprised by this. Everything I've heard about LVP is how durable and easy to repair it is. If a plank is damaged just pull it out and pop a new one in. I know that many modern LVP products are marketed as waterproof. Personally I would expect them to be more water resistant than actually waterproof. In the LVP you used, did it claim to be waterproof?

Post: Luxury Vinyl Plank or Refinished Hardwood Floors?

Jason ZeinerPosted
  • Bethlehem, PA
  • Posts 16
  • Votes 9
Originally posted by @David Kelly:

@Jason Seiner

These are old subfloors. Just get them natural and put new coats one between tenants. By far the cheapest and highest quality way of doing this. 

 Those floors look amazing. Though I am leaning towards LVP I will ask my contractor if he can handle refinishing the pine boards and what the price difference would be.

Post: Luxury Vinyl Plank or Refinished Hardwood Floors?

Jason ZeinerPosted
  • Bethlehem, PA
  • Posts 16
  • Votes 9
Originally posted by @Joe P.:

I'm surprised people have said hardwoods, especially for a rental. Even if they're weren't old pine as described, I'd probably still put LVP down.

Hardwoods might net you some extra money for renting, but where you'll REALLY see the return is if you were selling.

Hardwoods would prevent you from renting to people with pets -- pets will destroy hardwood especially if its weak. As will moving around furniture and general wear and tear.

If its my property and its a buy-and-hold, I'm putting down the vinyl and getting 20+ years out of it while its rented. Then if I want to sell, I'm ripping it up (for free, not hard to do on your own), and having a professional refinish.

We're not talking astronomical differences in rents for hardwoods versus LVP -- its not like people pay $200 more a month because of a difference in flooring. I've seen LVP as durable and almost as nice as hardwoods these days, so most people don't even know the difference unless you specialize in high-end rentals. The market (for 90%+ of rentals) will dictate your rent, e.g. 1 bedroom nets $500, 2 bedroom nets $1000, etc. You adding hardwoods is not going to make those numbers 700 and 1200. 550 and 1050? Maybe. But refinishing them just to get ruined in 5 years by people who don't care about it...and it would be considered wear and tear...is not worth it.

I am also surprised that I didn't see other comments mentioning this. Considering the rental market in this area, it isn't going to be a high end rental that needs hardwood floors. I think I'm landing on the side of LVP for this project.