All Forum Posts by: Joshua Garcia

Bill!

thanks, yea, it sounds like the repair was reasonable. What doesnt seem reasonable is the price. I flip houses in Los Angeles and that price wouldnt fly out here for a house double the size for the work they did. My pm did respond with our plumber but work was already in progress so my PM was surprised. What my PM should've done is stopped everything and get quotes on the job. He didnt. Either way, it seems like an unethical practice to run up a bill and Suprise the owner with it after the job is done.  Im going to get some quotes. My guess is that the tenant panicked and didn't care about the cost and just asked anyone to handle the job thinking that it would be the Landlords responsibility to pay. There really is no way to detect if there was a leak. I mean, I cant think of a way to verify if the job was even completed since i live out of state. I guess i can ask for pictures. 

 Thank Payton! Yes, from what i can gather, my property manager sent our guy out there but the guy showed up to an already started job. We responded the day that she notified us but she notified us after work seemed to have already started. She smelled gas and took action. I dont mind paying something if it helps the property and if i was already going to have to make a repair, it should seems wild to charge this much without my consent. Thanks for the suggestion regarding quotes. Im in the process of contacting a couple of local companies. I'm I haven't talked to the plumbing company that did the work. I plan to talk to them directly once i have the quotes.

Hey guys ! I have a question for how I should handle a situation. I live in CA . I have a PM for 4 units in TX. rents are not much but for the last 5 years PM has done a great job. No real problems at all. We have agree that he has to call me for anything over $400 in repairs to discuss. Rents gross are only $2300 a month between all 4.

I got a call out of the blue this Monday about a gas line that was leaking the week prior at one of the units. He said that the tenant called the gas company to shut off gas. Tenant then called PM and Licensed plumber to come figure out problem and repair (instead of allowing pm to handle). Over the span of 3 days, plumber completed job with permits and all.

I had no idea any of this was happening and my PM seemed like he had no idea of all of the work involved either. A bill for the work came in at $4800! approx. $3800 of that is Labour. seems crazy high. Any ideas on how to proceed?

Hey all!

Long time Land lord first time subdivision and new construct.

In Escrow on a property (standard 3/2 ~1200sq ft) with a garage. Property is 12200 sq ft. Off Market deal for a decent price but the deal makes it great. City has already approved for subdivision! Huge space in back. Lots on left and right have units in back. Im planning on building a House on the new subdivided lot with a Jr ADU and add a Jr Adu in the front. (total of four living units). Any Advice at all

on things to be careful with ?

on hidden costs?

on ways to proceed or exit strategies (flip/brr/hold) ?

on Financing new builds or even financing friends that do adu's

really looking for advice and tips on executing this long term plan. Looking to complete this venture in approximately 18- months. (permits are a time issue)

buying for 700. (ARV with simple 20k remodel is 775) - with jr ADU is 850

new cost for new build is approx 300k - jr adu is 75k

I have questions regarding hard money loans. I have 30 doors. Buy and holds. Never flipped before out of fear of the cost of hard money. Can I give someone a 5 minute call for advice ! Lol 

@Katie Lepore thanks much. In researching today, I did find the feb change. Might be in our favor that we decided this now

@Eamonn McElroy

Agreed on that one- see above response

@Tyler Hungerford

Thanks. To be clear, the fully in intend to have me as the owner before they die. It’s not solely a matter of death.

Hey guys ! I have a small scenario here. I appreciate any help I can get on this one.

My parents are getting older and want to ensure that their house that’s free and clear stays in the family. My little brother is Autistic and they would like to ensure he’s taken care of to their best ability.

We live in Los Angeles County.

What is the best option for us as they intend to Gift me the property ? I’m looking to avoid tax issues on all fronts.

@Calvin Ozanick yes. Laying everything out is crucial. Considering my situation I would be okay with a 60-40 split in financial investment and I make up the other 10% with my finding and working the deal.