All Forum Posts by: Keane Schmidt

Hi, @Scott M.:

Thank you for the feedback!—It sounds like I’m on the right track: Heat is currently off, a contractor is stopping out this morning to evaluate, and I have conveyed to the tenant that heat must be kept above 55 degrees, at minimum, per lease terms.

If any other tips, please feel free to send them my way. Otherwise, thank you for your time!

Hello, BP community!

Reaching out for advice on how to handle the following situation: My tenant turned off his heat for the weekend—temperatures are in the low 50s nowadays, as low as high 20s at night—while away on vacation. Before doing so, the heating unit, while old (30 years), was functioning fine and often—he kept the house in the 70s without issue.

When he got back, he turned the heat on, and it worked for a couple days before he relayed that there wasn’t any warm air coming through the vents and thought he smelled natural gas.

My questions: How would you proceed, if you were in this situation? (I.e., from corresponding with the tenant to having someone evaluate the heating unit, etc.)

My main concern isn’t the heating unit but rather the pipes, as we move into frigid season, and any adjacent damage caused by one bursting. (Perhaps that’s a non-concern to more experienced landlords, however!)

Any insights are welcome! Thank you!!

Fantastic! Thank you so much,@Tim Brosius! Completing the course this evening, in fact. Couldn't find any information on the website itself, and was worried it wouldn't give me the proof I needed! Happy holidays!!

@Tim Brosius, did you ever figure this out? Also have my first deal under contract, financing through Wells Fargo. Similarly, they sent me a list of HUD-approved agencies, and like you said, no one has a clue what I'm talking about. I also spent a couple hours combing through websites to no avail.

They sent me to LandlordCert.org. However, since it took me some effort to track this thread down, I'm wondering why this is a requirement and why no seems to know what we're talking about.

Thanks for the sanity check. Hope your first deal has treated you well!

Thank you, @Account Closed! I'd enjoy connecting--while we both may be new, one of us might have resources or answers to questions for the other! Best wishes to you also--looking forward to connecting!

@Scott Van Straten, thank you for the thoughts and encouragement! One of the thoughts I've been plagued with recently is: are my criteria too stringent? I'm working on (1) patience and persistence and (2) making, rather than finding, a deal. I appreciate your insights!

@Scott Van Straten, thank you for the warm welcome! The next book on my reading list is David Greene's BRRRR book. Would love to connect and discuss the approach afterward, given the current circumstances! Ultimately, I'd want to refine a set of questions and ensure I'm respecting your time and generous offer!

Thank you again for the welcome, and best wishes to you on streamlining your processes and expanding your portfolio into double digits!

@Matthew Meunier, I wonder if our paths have crossed before!--I know a few individuals from the Kiel area. I would love to connect--looking into the exact strategy you mentioned: FHA house-hack of residential multifamily (ideally, a fourplex) for my first deal. I'd greatly appreciate your time! I'll shoot you a message, and we can determine a time that's convenient for you! Thank you for the warm welcome!

@Andrew Syrios, thank you for the well wishes and for contributing to the community! I've read some of your thoughts on the forums! Your episode on the BiggerPockets podcast is queued up next--and in searching for it, I found a few golden episodes as well. (I've taken this weird approach where I've listened to nearly all of the episodes except for those in the middle.) Wishing you well and much success!

Thank you for the welcome and for passing along resources, @Dmitriy Fomichenko--I'll check them out! Wishing you well, also!