All Forum Posts by: Larry Flanagan

Most of the professional landlords I know wire for disposals, but do not install them.  And yes they remove them if they buy a house with a disposal.

I could live in a house my entire life without clogging a disposal, tearing a screen, breaking an ice maker, warping a ceiling fan, etc but some reason most tenants can't live in a place for more than a month before having issues with these sort of amenities.

I have been using Click2mail for ages.  I mail about 3000 cards per month. 4.25 x 6" piece, yellow card stock, black ink.  Costs me $0.17 for production and $0.28 for postage.  Just wondering if there is a significantly better option...

What I am primarily concerned about is a $100,000/yr commercial lease and a $500,000 bank note.

I have been talking to a guy who is looking for equity investors to start a business. He plans on structuring the company as an LLC with each investor owning a % based on their contribution. I am interested, but I dont want to be liable for losses that exceed my initial investment such as leases and loans. Is this possible?

I'm not sold on the merits on buy & hold.  The local guys I know with lots of units (100+ houses) work like dogs.  They may not swing a hammer or show units anymore, but they still have to keep their employees (and we are talking 5-8 employees typically) on task and make tons of financial decisions (like buying carpet by the container load).  If you met the biggest operator in my town with over 200 units, you'd think he was a homeless person.

They'll tell you its all for the future, but what will they have in the future - a bunch of run down, worn out houses that will only be able to be sold to other investors looking for a steal, and probably at prices near what they were purchased for 20-30 years earlier.

I recently had hardwood floors installed in my residence.  I am experiencing some pretty significant buckling in places.  In the worst spot, I cant even open my back door because the new floor has expanded and raised up so much.  I think I may have a moisture problem at the back door so I am planning on replacing the door.  My floor guy said to run a dehumidifier in the basement for a month and then he will come back and fix the boards.  I really dont think the basement is my problem.  I have a finished walkout and its drier down there than it is upstairs. But I had a dehumidifier sitting around so I have it running now and set at 50% RH. My main level is probably 70-80% RH. The portion of the room with the biggest problem extends out from the house so there is no basement underneath.  Its about 3' x 5'. What can I do to that part of the floor to keep the moisture level from getting excessive?  Some sort of vapor barrier and/or insulation?  I should do something in that space when the door and floor are ripped out.  Any comments would be appreciated on how to remedy this situation.

What sort of perks should my corp be providing me?  My 9 to 5 gives me health insurance.  But i'm wondering if my corp could provide a car, country club, fitness membership, "business" trips, etc.

I know of a house where the owner recently died in the home and the neighbor found him a few weeks later.  Apparently the deceased has no close family, maybe some cousins out of state.  What will most likely happen to his house in this case?  Assume there is no mortgage to foreclose.  In my state it takes 3+ years to get a tax deed.  What will happen in the meantime?  Any way to buy a house like this?

Funny how I keep getting an annual check up on this. Nothing to report unfortunately. I can't believe its been two years since I posted this... 

I try to get them to collect best price, what is owed, reason for selling, etc, but it is spotty. I think it depends on who answers the phone.  I'm satisfied with it though.