All Forum Posts by: Krishnan T.

@Josh Nigh You jump directly to a being like human , thats a whole new level which will come sci fi movies or not ! .Take for example customer Service reps, you dont need as much when you have chat bots. Maybe you dont consider bots as AI ...Financial advisers and stock traders ,just 15 years ago they were required, not the case any more. Of course these people can adapt and work ,but work as what?,where?...can everyone take a 40k loan and go back to college to learn AI skills? Get into Stem fields? This is the current state of AI , imagine the state of AI and its effects 30 years into the near future,lets talk then.

Whose money was used in the 2007-2008 TARP Bank bailout?? For all that say that they are going to leave US if we have social programs ...12 years after TARP you and I are still here! .The same people who are taking about etc didnt say much then about hard work to the banks.

For those who think real estate or any investment in its current form is forever, We are looking at a future maybe not too distant where the number of jobs available is going to drastically reduce due to AI and tech. EVERY job is under threat, and if you think investing is the way to hedge,think again...who will be able to pay rent for them? Companies basically consider human workers as a drag because they have needs and limitations (health care,motivation, rent,sleep,hunger etc). The job scenario will change in the next 30-40 years with AI and it might redefine jobs and who are required.Yes people always need a place to live,but they just might not be able to afford much .I hope that day comes after I am dead, or if it arrives earlier..I hope I have the strength and knowledge to get up and work in the new environment.

You could try to take the middle ground here between folks saying you do not need mentors etc and folks saying mentor ships are useful. Research on BP and maybe pay for mentorship that is affordable for you and at the same time join a REI ...so if the mentor ship did not impress you ,you would not regret the money paid cuz u paid only what you could afford to lose.

If there are 2 properties in the same neighborhood and same build quality ,lets say in a B- neighborhood where property A is valued at 150k and property B is valued at 250 K ; and the median price in that neighborhood  is 270k  ... do both properties appreciate at the same rate or does being close to the median have an affect on the appreciation ?

Save and live below your means and what you can afford to lose..invest and take a chance. Take care of your health and your relationships as much as possible because if you have 10 million net worth and for example you become diabetic because of your life choice, you are basically poorer. Lot of people would be happier being broke than diabetic ...

Make a movement around this concept and it becomes FIRE...start a successful financial show/training   around this concept and you get a Dave Ramsey show..write a successful blog around this and you get Mr Money Mustache. 

@Sam Hopkins Its from a pipe that burst above her apt, she says the management took care of it last time and it seems to have happened again .

@Jennifer Rysdam I got more details since the posting, it was a pipe that burst above her apt, she says the management took care of it last time and it seems to have happened again this time. 

@Frank Geiger Thanks, will look up the laws

Hi BP members, My sis lives in a rental in Novi Michigan and the apartment she rents has flooded the 2nd time  now. Is there anything that she can do like complain with someone or the City  ? She has a 3 year old kid and has a 2 months old baby..this water situation definitely cant be healthy for any of them .  Is there anyone she can complain with so that this does not happen again?

thanks, 

@Mike Ishaq I have a SFH property that is being managed with R.R and I thought they were doing fine ,but reading your and the reviews on this thread,I am beginning to doubt them. What I found unusual is that in the last 3-4 months they have been coming up with things to repair and also simultaneously we have been working on the lead mitigation which I began 6 months ago. I receive a ticket from the City just last week about the lead and I asked R.R.why they diverted my fund and attention to issues that could wait for a couple of weeks vs the lead mitigation that had a cut off date by the state. Another weird thing I found is they way they do accounting..the rent money they give me always changes every month even thought when they ask me for funding for repairs I always pay them. The do this wierd kind of accounting where they first adjust it against the rent , and then if there is excess left they will send you the balance later etc. For example assume the rent I should receive is $650 after they take their 10%, and in that month there is a agreed $200 repair task and I fully fund that expense...what they do is pay me 450 and then sometime later when the accounting catches up , they return me the 200 . Not sure why they do this and if this is a result of how their accounting is done. So if I pull up from their portal the rents received,it can vary all over the place. Do all P.M companies operate this way with their accounting?