All Forum Posts by: Jesse Tsai

Hotpoint charges 8%, but offers discounts depending on the number of properties you have with them.

I believe Jackie charges around 8% as well, but I'm not 100% sure. You'll have to ask her.

Hotpoint Realty (REMOVED) is great. They manage several hundred properties, yet, they get properties occupied fast, and have their own maintenance staff, so the repair costs with them are really reasonable.

Disclaimer: I do have a very close working relationship with Hotpoint, but they really are great.

A few of my friends use Jackie Lueman (REMOVED. Ive never worked with her, but my friends say good things about her.

Going high end or not depends on a few factors.

First depends on who the buyer will be. If its a starter home, they probably will be happy just getting a clean property. On the other end of the spectrum, if its going to a buyer moving up, they may want the granite countertops, nicer fixtures, and stone flooring.

I also look which houses Im going to be competing against. If all the other homes in the area are highly appointed, then you can bet that mine will be too. However, if there isnt much competition on the market, or they're all low end, then I can choose to go low end as well, or go a little higher end, and shoot for a higher price

One of my rentals had really extensive fire damage. Long story short, the cigarette fire caused about 170k in damage.

To reduce the smoke smell, all the drywall in the home was replaced, all the studs that were salvageable we're sprayed with kilz, the ducts were all replaced, all insulation was replaced, and all the carpet was replaced as well.

I noticed the website for the summit mentioning a happy hour on the day before the event.

Does anyone have the details on it? I'm trying to decide if its worth changing my flight for it.

I use Affinity, and have about 2 dozen properties with them now.

In my experience they're really easy to work with. We simply fill out a web form for each property as we acquire and dispose of them. They offer various options for coverage limits, and most of the time, they'll provide an evidence of insurance (underwritten through Lloyds of London from what I understand) the same day the web form is submitted.

The biggest downside with them is that the cost is a bit on the high side. $100K renovation policy in Las Vegas runs about $65 a month, vs $300 / year for a normal homeowners insurance policy.

Hope this helps

Most inspirational book I've read is The Last Lecture by Randy Pausch.

He describes living life and childhood dreams from the terminally ill cancer patient's point of view.

Pausch also gave the lecture, which the book is based off of a few years ago. A video of it is on Youtube, and in my opinion, is very moving.

http://www.youtube.com/watch?v=ji5_MqicxSo