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All Forum Posts by: Jon Sanborn

Jon Sanborn has started 4 posts and replied 178 times.

Post: Investing in high cash flowing areas

Jon SanbornPosted
  • Real Estate Agent
  • Philadelphia, PA
  • Posts 180
  • Votes 69

 what's the reason for looking into Scranton/Wilkes Barre all the way from Cali? @Scott Taylor Cheap entry? Higher cash on cash return? The reason I ask is because I occasionally think about pulling the trigger on buy and hold properties in Scranton also. I went to high school there and know the area fairly well. 

Post: Landlords and billing tenants in CT

Jon SanbornPosted
  • Real Estate Agent
  • Philadelphia, PA
  • Posts 180
  • Votes 69

@George Paiva I would submeter everything out too

@Daniel Raposo That is some of the information I'd love to find out! Any idea where I could find out more about this? 

Post: Landlords and billing tenants in CT

Jon SanbornPosted
  • Real Estate Agent
  • Philadelphia, PA
  • Posts 180
  • Votes 69

@Kelly Levinson That is very frustrating, but keep trying! If it sits on the market long enough they may consider your offer. 

Post: Landlords and billing tenants in CT

Jon SanbornPosted
  • Real Estate Agent
  • Philadelphia, PA
  • Posts 180
  • Votes 69

@Michael Noto Yes only $300, which I agree isn't bad. Yep it's heated by gas, so this next bill is going to be huge, since it incorporates all the winter months.

So there aren't any rules regarding timing and billing tenants that you know of? 

Post: Landlords and billing tenants in CT

Jon SanbornPosted
  • Real Estate Agent
  • Philadelphia, PA
  • Posts 180
  • Votes 69

Hey BP!

To keep a long story short, I’m currently a renter in Connecticut, (looking to invest in buy and hold properties soon) and have a question regarding landlords and how they bill tenants.

Background: I currently live in a duplex with only one gas meter. So, my landlord has it set up where I pay a third, the other unit pays a third, and he pays a third of the gas bill, which is under my landlord’s name. The lease states this, and I am ok with this.

About 6 months after moving in and not receiving a gas bill from my landlord, he shows up one day and hands me a $300 gas bill from the last 6 months. I pay the $300 in full.

Current: That was back in November, it’s now June and I have not received a gas bill from him the past 6 months, however, I know he’ll do the same thing and give it to me all at once again.

Question: I’m not looking for a month to month solution (I know I could just request a bill from him every month to solve the problem), but what I am asking is...Is this legal/ok for him to give me a huge bill all at once from previous months? (December-Now) Or are there any rules stating that landlords must bill their tenants by a certain date?

I am by no means a ‘professional tenant’ I am just curious on the matter.

Thanks in advance! 

-Jon 

Post: investor in Scranton Pa

Jon SanbornPosted
  • Real Estate Agent
  • Philadelphia, PA
  • Posts 180
  • Votes 69

@Glenn Patti true, maybe one day it'll happen. With that I'm sure Scranton/Pocono's population would boom. Good luck with your current and future investments! 

Post: investor in Scranton Pa

Jon SanbornPosted
  • Real Estate Agent
  • Philadelphia, PA
  • Posts 180
  • Votes 69
Glenn Patti they flip in Mt. Pocono and the surrounding areas. Are there any updates on the train from nepa to Hoboken/NYC? I know that's been the talk for a while but nothing has actually happened

Post: investor in Scranton Pa

Jon SanbornPosted
  • Real Estate Agent
  • Philadelphia, PA
  • Posts 180
  • Votes 69
Hi Glenn, I am fairly new to investing (looking to pull the trigger on my first investment property in a year or so once I save up some funds) but my parents have had a successful run at flipping a few houses in the Poconos in the last few years. What are your goals? Are you in need of financing or sweat equity? Also, what part of Scranton are your properties? I went to high school there.