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All Forum Posts by: Lauren B.

Lauren B. has started 9 posts and replied 159 times.

Post: What's that smell?!?

Lauren B.Posted
  • Asheville, NC
  • Posts 170
  • Votes 242

I flipped a cat pee house. The ozone machine did little for cat pee. Get a black light. And the enzyme cleaner. Prime subfloors and walls with oil kilz. Rip out all carpet. The black light was nuts actually, really helpful.

I also self manage with an assistant. I get the control thing - no one will be as motivated for good tenants as I am, and no one will care about my properties like I do. BUT you can eliminate a lot of BS with an assistant. Mine is fantastic. She’s paid hourly and wants to learn real estate and she has the perfect balance of knowing when to make insignificant decisions herself and when to consult me. It’s hard to find someone like this but entirely worth it. She runs the open house ,collects pre-applications, meets contractors for estimates and repairs and I get to make all the fun decisions.

@Tony F. This might go over better elsewhere - in CA I’d imagine it could get messy. In NC, when two or more parties own property You can file what’s called a petition to partition. I understand it’s about $15,000 in North Carolina. However if one party wants out cheap, you could potentially have a deal.

In particular there is one investor here who will buy a non-owner occupied interest, usually an out of town inheritor where there are others who have inherited, mortgage it to full value and then File a partition suit. It goes to auction to courthouse steps and no one else bids on it because its sold subject-to the mortgage. He gets it cheap. Other party gets screwed.

It could backfire for you in a few ways. First a title search would be necessary. I assume don’t know what debts are going to need to be paid out of the estate or how RE is handled in probate when it must be sold to settle debts. a potential Medicare Lien would affect the deceased’s share and could make t messier.

If you came up with the price you want to pay for the property, halved it and deducted the holding costs plus potential partition lawsuit costs , and then owner financed 100% it would seem a reasonable bet to buy the 1/2 interest.

Please let us know how it works out.

Post: New shower heads in flip

Lauren B.Posted
  • Asheville, NC
  • Posts 170
  • Votes 242

I would never wear a shower cap. I don’t know any woman who owns one. Agreed that I’d walk away or ask for credit to fix it especially if it’s in master.

Post: Paint Sprayer - Is it worth it?

Lauren B.Posted
  • Asheville, NC
  • Posts 170
  • Votes 242

@Aaron Taylor I have a sprayer and an adjustable roller. I would never go back to standard roller after using the 18”!

@Annie Li

I would also specify a per day penalty. I understand CA is hard to evict. I usually do $100-150/day in my post closing occupancy agreement but your amount should at least cover your holding costs.

Post: Bad smell and Cat piss in House

Lauren B.Posted
  • Asheville, NC
  • Posts 170
  • Votes 242

ive had both cat pee and cig smoke. An ozone machine helps with the cig smoke. Bleach won’t help cat pee. At all. The enzyme cleaner will. And oil based kilz will fix both.

Post: Eviction Crisis? Spare me.

Lauren B.Posted
  • Asheville, NC
  • Posts 170
  • Votes 242

@Nathan G.

Going to have to disagree. Lots of landlords in the south are still proud to tell you they don’t rent to gays or blacks - except they don’t use those words.

Funny thing is, Indiana has a tidy website that allowed you to search for registered agents and also by incorporator / principal name. Clayton Morris is principal for 8 or 9 companies. Once of which, Whalen is registered agent (a foreign llc).

Almost all llcs are registered to an address in NJ that is now for sale 😂

Guess we’re anticipating some large legal fees!

Also, FYI, you can use these LLCs to search the Marion county recorder to find contacts and deeds from MI companies / oceanpointe and wholesalers. Interesting stuff. Going to be hard to argue this one in an actual court, vs court of opinion.

Post: Is Radiant Floors a good investment?

Lauren B.Posted
  • Asheville, NC
  • Posts 170
  • Votes 242

$8,000 is the add on price for radiant or total title cost? I installed suntouch from Home Depot in my last bath Reno, it was under $400 for mat and thermostat. It was a little trickier to install tile. It was my first time installing it and it was easy to DIY.

My father is does high end kitchens and bath renovations and recommended the brand. It’s a nice feature and I went with the 7day programmable thermostat. A “must” at $400 but I wouldn’t consider it for $8,000 given the $300k price point of the home where I installed it.

If the goal is warm tile floors, I’d do the electric mats.