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All Forum Posts by: Joe Jor

Joe Jor has started 9 posts and replied 108 times.

Might just the be bank trying to gouge you.  I had a similar situation; after calling most major banks/lenders, and getting "no actuary will every approve that," I was able to work it out with a local Credit Union.  They were much more flexible.

Post: I just got a $30k quote for a new roof! LOL

Joe JorPosted
  • Westchester, NY
  • Posts 111
  • Votes 49

Complete tear-off and replacement of asphalt shingles in the NY area (just north of the Bronx) ran 17k.  33k is WAY too high.  Roughly 1325 sq ft.  Also, probably a more expensive market than TX.

Joe

Post: Solar Landlord Survey

Joe JorPosted
  • Westchester, NY
  • Posts 111
  • Votes 49

When it takes 6 - 10 years to recoup the costs, in my opinion, it isn't a great investment.  That capital can be put towards a new deal that is providing immediate returns.  

Philosophically, if not for the Federal and/or State incentives, Solar would not be a viable option for anyone,

Post: Collect rent with Venmo?

Joe JorPosted
  • Westchester, NY
  • Posts 111
  • Votes 49

I use Zelle too.

Post: Zelle - 2 Emails to 2 separate accounts at same bank

Joe JorPosted
  • Westchester, NY
  • Posts 111
  • Votes 49

@Drew Gedemer thanks for the feedback.  I currently use chase in the configuration you suggest. 

I'll probably just open an account at a bank across the street and have one email go to Chase and the other route to the new bank.

Joe

Post: Running out of hot water after 2-3 showers

Joe JorPosted
  • Westchester, NY
  • Posts 111
  • Votes 49

What size is your waterheater?  What is its configuration?

I had a similar issue in a 4-plex I bought last year.  Root cause was a single tankless system that wasn't sized right to suply the house; maybe there are no tankless for that size ...  The solution was to install a standared water heater (~40 gal) downstream from the tankless as a holding vessel.  No issues now.

It degrades the hot water efficiency (read: more $$), but it is probably more efficient that having a 80 gal monster.

Joe

Post: Zelle - 2 Emails to 2 separate accounts at same bank

Joe JorPosted
  • Westchester, NY
  • Posts 111
  • Votes 49

Hello All,

A question on routing incoming rent payments with Zelle.  Have any of you used 2 email addresses and had the incoming funds routed to 2 separate accounts at a bank?  

BuildingA at Example.com => Bank Account A

BuildingB at Example.com => Bank Account B

I've checked with some of the major players and they seem to only be able to route to a single account.  Including:

  • Chase
  • BOA
  • Wells Fargo
  • Capital One

If anyone else has this configuration, I'd love to hear your bank recommendations.

Best Regards, 

Joe

Post: Tenant Complaining About Strength of Wi-Fi Network

Joe JorPosted
  • Westchester, NY
  • Posts 111
  • Votes 49

As many others have noted, the lease states you provide internet, not the strength, speed or throughput.  I don't think you have a problem.

As an IT guy, I live north of NYC; there are dozens of networks all interfering with each other.  Even microwaves can interfere with older wifi network bands.  The further you get from the router the slower the speed is; it doesn't matter if you are paying for 1,000,000 MB; if you are out of range of the wifi, you get 0.

Rather than putting on your IT hat, I suggest you buy a 100ft CAT 5 cable (computer network cable) and she can drag it out and plug into it, whenever she needs the higher speeds.  Hard wiring will not be impacted by the multitude of wifi networks.  This is the suggestion Ryan Edwards and Russel S also make.

In my place (3 family home), I also provide internet.  Due to the surrounding networks, the 3rd floor did not get access.  I ran a hard line (CAT5) to a spare router on the 3rd floor which acted as an access point.  This would be more of a PIA and probably something that takes a bit more networking expertise.  This is another variation of what Ryan Evans and Daniel Chow allude to when mentioning "running coax;" this solution only requires a standard network cable from any IT shop.

An excellent response to ChopperDad.

Joe