All Forum Posts by: Mal K.

Thank you for your advice!

I currently, own MHP and RV (campground, glamping) in WNY. It is located 20 minutes from Ellicottville, NY (36 acres). There are 6 mobile homes on the property (with total 13 pads). I have architeture plans from a previous owner to expanded to 25 pads, but there is room for at least 50.  I'm was planing to run it as a glamping resort. There is water, electric, bathouse, pavililons, a various structures to operate as a glamping or RV campground resport. There are many different options to develop the space. I was planning to do it on my own, but it is too big of the project for one person. I'm intrested to either find a hands on partner or sell it.

The Child was tested multiple times after it was discovered elevated lead levels in his system and currently (last year) everything went back to normal. I definitely didn’t take any short cuts in remediating the situation. The quickest, but most expensive way was to replace everything that was tested with a higher level of lead base paint. All the work was done immediately once we had a report and after the meeting with the Inspectors that tested the apartment (that was one of the requirements that none of the work could be done before the official meeting). Our tenants are still living there and are happy we took the action. The work that is left it will be cover by the grant LHRD that recently was awarded to our county. Since, our house was already tested and my tenants qualify for the assistance (income based) we are scheduled on the list to have the work done.

I’m looking to invest in Jamestown, NY. I did a lot of research regarding the area by looking up the employment, crime, real estate taxes, economic growth (or lack of) and connect with real estate investors. I don’t have any luck making any real connections. I have been reading about investing in small towns and the risks of owning investment properties in this type of area, but I prefer connect/talk to someone that has real life experience investing in small towns. 

Some facts about Jamestown, NY 

Population just under 30k

Median household income 31k

Major employer manufacturing, retail, health care 

Unemployment a little higher than national average

I ended up renting the apartment ~ 30 days later. I contacted previous tenants and told them I rented the unit, but there is an outstanding balance due to (unit being vacant) between them moving out and new tenant moving in. It took few months (I told them we would go to small claims court if the balance was not paid), but they paid money owed.

I originally started a rehab on my own (by lead certified contractor) to remove lead based paint out of the areas that were contaminated .I started with the inside of the unit first (replacing windows, window sills, door and door frames). Once my funds for the renovation ran out I asked for extension. At the end of last year my and surrounded counties were awarded a grant for LEAD HAZARD REDUCTION DEMONSTRATION PROGRAM (LHRD) funded by HUD. I applied for the grant and was awarded. All the work that was left to do was outside. Due to the harsh winters in my area it was postponed to Spring. In the Spring we had Covid-19 and work was postponed once again. I'm on the waiting list to get it done.

Recently, I received Commercial Property Survey “Property inventory information” from the Assessment Equity Improvement Project 2022 and Real Estate Appraisers and consultant. where my six-unit is located? 

The survey is asking for apartment information, monthly rent/expenses, what utilities are included in the rent. 
Does that mean my taxes will go up?
Has anyone encountered this type of request? 
Thank you, Mal

We owned the house for 2 years and we had no knowledge of lead based paint. The original owner passed away after living there for over 60 years and the house was an estate sale. @Pat L.

My tenant said she took her 2 years old son for an annual check up and they tested him for lead poisoning. The lead levels were elevated and the doctor called Health Department that came to the house and tested her apartment. I received a letter in the mail stating the areas the lead paint was detected and that I have 14 days to respond to the letter and submit an action plan. I called Health Department today but I think they were closed due to a holiday. @Matthew Irish-Jones 

Unfortunately, I did not give her the brochure. I know HUD provides a Broucher for their recipients, but I'm not sure if Social Service does the same thing in NY (she is receiving assistance). @Pat L.

I received a notice from a Health Department that one of our units has a Lead Paint. The apartment was tested and it seems the doors, door jambs, windows, window trims, porch and back staircase are all painted and have lead paint. The house is over 100 years old. Currently, the apartment is rented to a tenant with little kids where one of the kids tested high for lead paint. Tenants lease expired 2 months ago. It seems it will take some time to replace majority of the windows, doors, porch and other sections. We were thinking to give a tenant 30 days notice since now they are month to month and do the renovations. Any thoughts? Thanks, Mal