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All Forum Posts by: Jim K.

Jim K. has started 76 posts and replied 5303 times.

Post: Why do people Buy Property in California

Jim K.#3 Investor Mindset ContributorPosted
  • Handyman
  • Pittsburgh, PA
  • Posts 5,450
  • Votes 13,747
Quote from @Ken M.:
Quote from @Jim K.:
Quote from @Ken M.:

I took the average $4,000,000 house in Pacific Palisades CA and it shows a monthly tax payment of $4,167 for a total of $50,004 a year. (That would buy two houses in Ohio). :-) 


Now, the average length of ownership is 7 years (for normal people) a longer time if you have no where else to go "UP". After 10, years they have paid $500,040 in just property taxes. 
And the city "forgets" to turn on the water to the hydrants?, during fire season?

Can somebody please explain how investing in the area makes sense? 
I am not smart enough to figure this one out.

Somebody mentioned they have access to the ocean. Well at 6 trips a year, that's $8,334 a trip. I can fly to Greece and enjoy the ocean there for less. And eat great food.

The Homeless are at the beach all day long - everyday, and don't have to pay property taxes. In fact, lunch is delivered to them.

"Oh, but we have easy access from Pacific Palisades", and the accompanying statement "yes, now we also have to hurdle over our neighbor's smoldering ruins to get there, but we still get to go to the beach."

Does nobody else see the irony, malfeasance?


So do you understand, read, speak, and write Greek? Have you ever worked on Greece? Dealt with Greek institutions, business practices, and customs? What do you know about homelessness as an institution in Greece? When the bus stops in traffic and the driver announces, <>, can you plug that right into Google Translate and get a good answer to what that means?

Sure, Greece has its moments, but spend a few years there and you might feel it's not quite the Valley of Shangri-La.

.

Nah was just talking about visiting, not living. Long live Baklava.

Ο Ιησούς Χριστός είναι ο αληθινός και ζωντανός Θεός. Η αγάπη Του σε σώζει από τον χωρισμό από Αυτόν, αν θα επιστρέψεις την αγάπη.



Wow. I feel so saved by the Precious Blood.

Post: Why do people Buy Property in California

Jim K.#3 Investor Mindset ContributorPosted
  • Handyman
  • Pittsburgh, PA
  • Posts 5,450
  • Votes 13,747
Quote from @Ken M.:

I took the average $4,000,000 house in Pacific Palisades CA and it shows a monthly tax payment of $4,167 for a total of $50,004 a year. (That would buy two houses in Ohio). :-) 


Now, the average length of ownership is 7 years (for normal people) a longer time if you have no where else to go "UP". After 10, years they have paid $500,040 in just property taxes. 
And the city "forgets" to turn on the water to the hydrants?, during fire season?

Can somebody please explain how investing in the area makes sense? 
I am not smart enough to figure this one out.

Somebody mentioned they have access to the ocean. Well at 6 trips a year, that's $8,334 a trip. I can fly to Greece and enjoy the ocean there for less. And eat great food.

The Homeless are at the beach all day long - everyday, and don't have to pay property taxes. In fact, lunch is delivered to them.

"Oh, but we have easy access from Pacific Palisades", and the accompanying statement "yes, now we also have to hurdle over our neighbor's smoldering ruins to get there, but we still get to go to the beach."

Does nobody else see the irony, malfeasance?


So do you understand, read, speak, and write Greek? Have you ever worked on Greece? Dealt with Greek institutions, business practices, and customs? What do you know about homelessness as an institution in Greece? When the bus stops in traffic and the driver announces, <<Tη βάψαμε>>, can you plug that right into Google Translate and get a good answer to what that means?

Sure, Greece has its moments, but spend a few years there and you might feel it's not quite the Valley of Shangri-La.

Post: Tenant breaking their lease

Jim K.#3 Investor Mindset ContributorPosted
  • Handyman
  • Pittsburgh, PA
  • Posts 5,450
  • Votes 13,747
Quote from @Michael Poloncic:

Three individuals signed a lease together, all friends, the lease is set up where each of them are expected to pay 1/3 of the rent. Two of them decided to move out in December without informing me. One of them accidentally paid for January rent because of auto pay and is now requesting it back. I informed them that their contract states they are expected to pay up until the end of the agreement regardless of living their or not. 

Now, this tenant is saying that they don't remember any agreement and thought they paid month to month and could leave whenever. I am now under the suspicion that their friend, the one who is still living at the property, is the one who created separate accounts for all three of them and did the signing for each individual who is under this lease agreement. 

I'm trying to prepare incase this is true. What is the recourse for the tenant who signed the lease under each individuals name? And, would that invalidate the contract? Or are the other two tenants still bound to the contract regardless?

Any additional input would be great. Thank you!


Michael, I regret that this is happening to you but I think you need to get past chasing rent for this month and realize that there's only one way this ends. Learn the eviction procedure for your area, perhaps contact a lawyer in the field to help you with this one, and get the fraudster you're currently housing out on the sidewalk to sleep in a cardboard box where they belong.

You're going to lose plenty of money here, but this will never happen to you again, and you can minimize your losses if you move as quickly as possible. In Pittsburgh, where I live and operate, this would be a two to three-month process in front of almost all out local district magistrates. I don't know the law or eviction procedures in Saint George, Utah. You're going to have to go learn about that yourself.

The faster you get rid of this bozo the better off the whole system will be. Good luck, Michael.

Post: advice on landlord threating to void clause in lease and raising rent

Jim K.#3 Investor Mindset ContributorPosted
  • Handyman
  • Pittsburgh, PA
  • Posts 5,450
  • Votes 13,747
Quote from @JD Martin:

@Sonia Vanegas

Going forward, what JD mentions here really is something you have to be completely aware of. Your landlord is both not too swift, and is also self-managing a $3000+/month rental. He's going to screw up like this again and again, and the way these things go, most of the burden of dealing with it is usually going to be on you.

As far as him ever taking you to court over this and winning -- this is not the sort of dispute between adults any sort of magistrate feels should ever end up in court. Your LL should be very wary of that avenue, not that it's impossible to win with this, but that it's trivial and the magistrate will not definitely appreciate being called upon to mediate something like this. Magistrates tend to have long memories and also tend to hold grudges against local incompetent landlords.

So if he wakes up and talks to someone with any brains and experience, this won't go to court, but he'll start looking for another excuse to get rid of you, something much easier to argue in court. And he will likely do that at the first opportunity, if you cross him on this paint thing.

There's not much winning here. Especially for you in your $3000/month rental. Can you find something cheaper and run by a competent property management company? As a self-managing landlord, I used to believe that almost everyone could learn the skill stack necessary to become a competent property manager. It's been a few years since I was cured of that delusion. The bulk of properties run by small private landlords are managed rather poorly by people who don't know what they're doing and really have little idea about how to get better at it. In the $3000/month range, you deserve a lot better than this.

Post: STR soap and toilet paper

Jim K.#3 Investor Mindset ContributorPosted
  • Handyman
  • Pittsburgh, PA
  • Posts 5,450
  • Votes 13,747
Quote from @Sarah Kensinger:
Quote from @JD Martin:
Quote from @Trent Reeve:
Quote from @JD Martin:

Whatever toilet paper you use make sure it breaks down fast and easy in the toilet. You might be shocked by the amount of toilet paper some people use for their "functions" and some of the fancier stuff does not disintegrate as easily.

Personally, I cannot remember a single place I've ever stayed in my life - STR, hotel, whatever - that I can remember liking or disliking the toilet paper. As long as it cleans my bum I don't really spend a lot of time thinking about it, and I suspect most of your guests won't either.


 I disagree. Especially if im paying a decent amount, i remember if they went cheap on the TP. maybe its just me.

It's just you. But you can run your own tests on this. Put in expensive toilet paper and see if you get comments on how nice and cushiony it is. Or put in cheaper paper and see if you get comments on how it feels like sandpaper. Since you're new to real estate (according to the title), you really don't have anything to base it on other than your own personal experiences staying elsewhere. It's entirely possible you have a super sensitive derriere that needs pampering. Most people are just happy if their hand doesn't break through the sheet. Hell, you could go all out and just install a bidet and forego the toilet paper altogether. 

I think you'll find no one is going to care so long as it's not sandpaper or thin enough to read through. 
This is probably the most comical post I have yet to come across! :D

 Oh, stick around. We haven't gotten our annual what-should-I-do-with-my-haunted-house post yet. Come to think of it, what happened to the my-property-manager-is-shacking-up-with-my-tenant posts? Or the my-Airbnb-was-used-as-a-porn-studio posts? I have a special fondness for I-found-a-pile-of-gold-in-a-crapshack-basement-help-me-invest posts.

Post: STR soap and toilet paper

Jim K.#3 Investor Mindset ContributorPosted
  • Handyman
  • Pittsburgh, PA
  • Posts 5,450
  • Votes 13,747
Quote from @Collin Hays:

I've been working on an invention over the winter - an all-in-one toilet paper and toothbrush. Takes care of both ends.

 I want 5% if you use "The Two-Holey Wonder®" as the name.

Post: Satanic Rituals In This House!

Jim K.#3 Investor Mindset ContributorPosted
  • Handyman
  • Pittsburgh, PA
  • Posts 5,450
  • Votes 13,747
Quote from @Jay Hinrichs:
Quote from @JD Martin:
Quote from @Jay Hinrichs:
Quote from @JD Martin:

Shoot, that's nothing. You should see some of the houses I've rehabbed or walked.


ya thats maybe a 5 on a scale of 6.. the really bad ones you need a resperator to go into them.. and people worry about a little dab of mold these folks live in a petri dish.

I had a call this morning from a Homicide detective as suspected murder was holed up in one of our houses.. I beg them not to beat the **** out of the house.. they could do whatever they want to the suspect preferably send in a Canine unit

 Yeah, go into a house that's had someone decomposing in it for a few weeks and you find out what real putrid smells are! I once bought a house that was so terrible of cat piss that you virtually couldn't go in without a respirator and I thought I'd have to tear out the subfloors to fix. When my hardwood guys started sanding the smell was unbelievable, but we actually were able to seal the floors and get rid of the smell. 


we have all had the cat piss house.. UGH.. I had one were we did not get to it for a while 6 months or so it was just boarded up.. when i went to sell it wholesalers were going through it said it smelled bad.. one of them finally went down to the basement and found a corpse that had been for quite a while. scared the heck out of him.. WE figured homeless or someone Od.. called the cops they hauled the body out and that was the end of that.

Bottom line some people in America live in such filth its unimaginable to most folks.

U do this long enough you will see it all..

 LOL, you're just a dream-killer with these Debbie-Downer corpse stories, Jay!

Post: Satanic Rituals In This House!

Jim K.#3 Investor Mindset ContributorPosted
  • Handyman
  • Pittsburgh, PA
  • Posts 5,450
  • Votes 13,747
Quote from @Joe S.:

Maybe there’s something satanic you know about that you didn’t share. According to the pictures it looks like extra trashy place. Trash cleans you know. 

You give me rockstar deal we will clean the house out and even if there were satanic activities going on, we will pray for that house and dedicated it to Jesus.

"Pecunia non olet"

Post: Satanic Rituals In This House!

Jim K.#3 Investor Mindset ContributorPosted
  • Handyman
  • Pittsburgh, PA
  • Posts 5,450
  • Votes 13,747

@Corey Goldstein 

Aw, come on. Where are the protection pentacles? The summoning ring? The cages for the sacrifices? The blood spatter on the walls and floor? Satanic, my foot.

This just looks like the result of run-of-the-mill substance abuse and mental illness issues.

Post: STR soap and toilet paper

Jim K.#3 Investor Mindset ContributorPosted
  • Handyman
  • Pittsburgh, PA
  • Posts 5,450
  • Votes 13,747

One of the few times when I feel I have to disagree with @JD Martin.

Older, heavier people with incontinence issues like elongated toilet bowls and good toilet paper. I suspect that I get substantially more multigeneration reunion-type bookings than most people in my Airbnb. This WAS commented on (thankfully privately) when I stocked Aldi toilet paper. I now stock Charmin UltraStrong.

Nothing wrong with bulk toilet paper per se. But single economy rolls from Aldi didn't cut it for us that one time.