All Forum Posts by: Lance Thibault

Thanks @Nathan Gesner

That's about what I figured.  I've personally been looking at adding solar to my own home since last fall.  I've gotten 8 quotes and had sit downs with each company providing the quote.  So I've learned a lot in the last 8 months or so regarding the costs and options.  I'm not yet convinced it's for us yet, and I'm continually pointing out the payback periods advertised by the companies selling solar are way off base.  But I was curious if landlords found that there was a demand out there for solar panels on homes that they could make a profit from by essentially raising the rent beyond the cost of what their monthly bill is for paying back the costs to purchase/install the panels (just like they charge more for rent then the cost of the mortgage.)  Even if it was marginal, I was just curious to hear.  No way would I include battery back up at this point, but I would be interested in hearing if EV charging was also part of any landlord story.  

Has anyone ever added solar to rental home and found it to be a profitable add?

@Saunya Wenger thank you, but I'm out of state and looking for company management of the house.  I've reached out to a couple of them in the area, I didn't know if anyone had some insight.  

If anyone has had good or bad experiences with property managers in Knoxville, TN, please let me know.

I'm closing on a house the end of this month and I'm looking for property manager.

@Ken Dillard thank you for the inspector referral, I will follow up with a PM.  Where did you buy your condo?  Do you feel the HOAs have been worth their cost?  Have you used the condo just for your kids while they are going to school?  If so, I'm guessing no property manager.

@Christopher B. thanks for the heads up about the East side condos, do you know where I can see a listing for them?  I'll take an online look at anything and then send the realtor out for his thoughts if it seems like it might work.

Hears 48+27

Thinks 48+20 = 68 + 7 = 75

Also just for fun, I tried hearing 27+48 (reversed the order of the numbers presented) still thought 
48+20 =68 + 7 = 75

Not sure if that was because I was already predisposed or if it's just because adding 20 to 48 then 7 occurs to me first because it's quicker or easier then adding 40 to 27 then 8.  

Fun conversation though.

Hello BP community.  

I've used the realtor I'm currently working with to get a list of inspectors and also reached out using Angies List for inspectors. But the more time I spend looking at that market of SFH, and Condo's within 10 minutes of the UT Knoxville campus, I'm finding that there is a good chance I'm going to need a GC. As an out of state person looking to buy something for my daughter that will be attending Law School there this fall (acceptance pending), I want to put her somewhere close, safe, clean, & comfortable that I can then hold and use as a rental after she moves out a couple years down the road.

Assuming her acceptance comes in before the end of March, I'm looking to close on a property in March, April, or May.  Assuming it will need some GC work, that gives us about 2-3 months to complete the work before she moves in in July.

Please let me know if you know any good GCs and inspectors in the area. I'm using a HELOC to fund the purchase and any potential repairs. The HELOC was approved last month, I'm only waiting on the UT School of Law acceptance. I've analyzed close to 50 properties (MLS) in the last month or so (and will continue to do so) and the ones I thought were good deals have indeed sold fast. Several of the ones I thought were over priced are still sitting there.

I'm primarily looking within the 640 corridor, in west and north (not so much east) and maybe south of the river if the house or condo is close. The Condo HOA's are killing me because most of them are not adding much other then cost to the equation. Having said that, there are a few condo complex's I would still consider buying into, but most of what I've seen make sense is in the small SFH market.

Please let me know if you know reliable GC that would be willing to talk with me or if you think there is anything else I should know/consider regarding this out of state adventure I'm about to dive into.  

Just for context I currently own 1 rental home in Colorado Springs (where I live).

@Account Closed If fully means 100%, no I'm not fully confident in anything I do, including the things I'm really good at.  Do I think I can find what I'm looking for without an agent, yes.  Do I think I'll be able to get the property under contract without forfeiting my EM?  I think I can.  No doubt this would all be a learning process for me.  I thought it might be worth it.  I don't use an agent when buying a car or anything else for that matter and the car dealers certainly don't have me best interest in mind but we get to the finish line. 

Because this is an out of state purchase, the odds are in favor of me using an agent; but not 100%.  If I was making a local purchase, I'd probably just go for it myself.  

I still think the selling agent can be an honest broker taking both sides of the commission while keeping the sellers best interest in mind.  We'll see if I feel this way down the road.

@Kevin Kohler what do you mean you would pick the FHA with an agent over cash without. Are you saying you as a seller? It's my understanding that you as an agent have to present all offers to the seller. Am I wrong?

Either way...why the offer with an FHA (I'm assuming pre-approved and not contingent on approval) and an agent over cash and no agent all other things being equal?