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All Forum Posts by: John Collins

John Collins has started 45 posts and replied 311 times.

Post: Newbie needs help picking the right tenant

John CollinsPosted
  • Investor
  • Tx, Ga
  • Posts 313
  • Votes 337
Originally posted by @Erik W.:

@John Collins, I've never rented to a nanny, but unless she's being paid thru an agency/employer service, she's getting cash/check directly from the person for whom she works.  Garnishment would be almost impossible, given that her remaining wages wouldn't be enough where a court would authorize a levy.  I do not rent to people who I cannot garnishee.

But if I'm wrong and she's garnisheable, then I'd consider her assuming she met my other criteria.  675 credit is good.

I think you're looking at it too technically. She's got great credit for the income level, does a humanity related job and has no baggage whatsoever. The only question is if she ends up moving in with a bf or husband later on, but as things stand, I think it's as good as you can hope for in this neighborhood. I can't agree with discriminating less than ideal candidates who don't have shining resumes and long winding corporate careers if they have shown financial prudence and no criminal or irresponsible activity. I think she's earned the right to stay in a slightly nicer place than whatever hardline rules you guys have for income levels. 

Post: Any long term rental flooring experience?

John CollinsPosted
  • Investor
  • Tx, Ga
  • Posts 313
  • Votes 337
Originally posted by @Ed Emmons:

I’ve tried many floor types over the last 25 yrs. I’m looking for anyone with long term experience in rentals with 10mm laminate versus vinyl planking.  If so what thickness planking are you using? I go through many pallets of material and am trying to determine if the double cost will be worth it long term. 

 LVP is measured by mil but I don't think it's the equivalent to mm. 20, 22 mil LVP holds up very well for mid tier rentals with lots of uncertainty + waterproof. Stay away from 12 mil. Laminate always has a cheap feel and is easier to dent than modern LVP.

Post: Newbie needs help picking the right tenant

John CollinsPosted
  • Investor
  • Tx, Ga
  • Posts 313
  • Votes 337
Originally posted by @Erik W.:

I'm not too thrilled by either of your applicants.  Insufficient, unstable, somewhat non-garnisheable income.  Bad credit.  Any references?

 What is so bad about the woman in her 40's? 

Post: That's Just Criminal

John CollinsPosted
  • Investor
  • Tx, Ga
  • Posts 313
  • Votes 337

What are everyone's best paid services or agencies for background checks that cross reference and provide you with details? 

Post: LVP or Carpet for upstairs bedroom area

John CollinsPosted
  • Investor
  • Tx, Ga
  • Posts 313
  • Votes 337
Originally posted by @Mindy Bowden:

Thanks for all the input! Any particular LVP brands you all like?

 I've just done a ton of testing and research on LVP brands. They are the go to option for B class rentals. Shaw LVP (wooden plank mimicks) are great, Mannington Adura is great, and Floor & Decor has a NuCore line that is very good with the underlayment (sound dampening attached). All at or under $4 sq ft. If you're handy, spend an hour watching youtube videos and do the install yourself with a helper. 

I'd also do uniform throughout - ditch the carpet altogether or only do it depending on the climate. Ask local realtors what their tenants in that price range prefer, because I haven't dealt with brutal cold for half the year in the south. 

For the stairs you can always put in wood and stain it to match if LVP bullnosing gets too tricky and there's nothing custom. They aren't going to be too picky if it looks good. 

Post: It’s MY MONEY and I want it NOW!

John CollinsPosted
  • Investor
  • Tx, Ga
  • Posts 313
  • Votes 337
Originally posted by @Ivan Loza:

Anybody here have any success stories retrieving money owed from previous tenants? 

One of my ex tenants left the house a mess, owes me a couple months of rent and a fee for breaking the lease early. We set up a repayment plan, but as of last week he begun ghosting me. I get sent straight to voicemail.

I’m leaning towards using a commission based collection agency. That or a straight gangsta..

Any tips? A guideline to follow perhaps?

My success on the $15k owed to me in damages and missed months was an email the length of a dissertation with a list of excuses including mold (nope, $800 of testing confirmed, they had a pet peeing on the carpet creating a bad smell) , _______'s cancer which came and went quickly, "having kids is hard", 1 of them starting college, and then an expected disappearance. I knew it was coming but prioritize being the bigger man in these blaringly obvous cases. I was annoyed for a minute, then renovated + rented out and it's history. Lesson was to serve eviction notices with multiple options for more affordable relocation. 

Post: That's Just Criminal

John CollinsPosted
  • Investor
  • Tx, Ga
  • Posts 313
  • Votes 337

A or B or C rentals be damned, savvy criminals know how to con and know how to work the system. They also know which excuses to use to appeal to your emotional core. 

If anyone has any underground connects on the darkweb who do a really thorough job of screening tenants, let me know.

Asking for a friend. 

Post: Best flooring for a rental?

John CollinsPosted
  • Investor
  • Tx, Ga
  • Posts 313
  • Votes 337
Originally posted by @Sarah Hertweck:

Happy that this thread is seeing a second renaissance. I and putting plank LVT on first floor and basement. The stairs that connect the two are wooden risers and asbestos tile tread with metal nosing. I want to safely cover the tile. 

The stairwell is pretty standard and the flooring guy at the business where I purchased the materials for the first floor said they have kits that match; nosing, tread and riser would be $1100. Is this insane?

I've read this thread, did some googling and it seems like covering stairs is expensive anyway that you go. Can anyone lead me in a direction for a reasonably priced tread/nose situation that will look nice and be glued to the top of the tile? I will likely paint the risers that exist.

What did you end up doing? I would just do the steps in oak or pine and stain them to match flooring. 

Want to put LVT (good shaw kind, $4 sq/ft( in a high end rental $3.5k+ a month since I don't have resale in mind. My wood floors scratch easily and can't be "buffed" out neatly... they aren't 1 inch planks from a tree i cut down in the backyard. Renters with younger kids (it's very much high quality schooling family area) aren't going to tread delicately. 

Post: Wood floors in rental?

John CollinsPosted
  • Investor
  • Tx, Ga
  • Posts 313
  • Votes 337

A level rentals in Texas... What say you about hardwood? I so want to do higher grade LVT on top of the existing floors (top of the line Shaw or Porcelanosa, which are $4-6 sq ft) but agent is saying engineered wood or hardwood is timeless. But this is for a rental, albeit high end, and I have seen how engineered looks after 10 years in RENTALS.

Post: Luxury vinyl plank or engineered hardwood?!

John CollinsPosted
  • Investor
  • Tx, Ga
  • Posts 313
  • Votes 337

To the people who have installed luxury vinyl plank - what have you used to cut it? How about against curved walls? Does the sound it makes when you walk on it (echo-ey) make it sound cheap for a high end residential home? I would be putting it over existing wood and tile.