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All Forum Posts by: Les Jean-Pierre

Les Jean-Pierre has started 24 posts and replied 356 times.

Post: Are you prepared to do what it take SURVIVE this business?

Les Jean-PierrePosted
  • Investor
  • New York City, NY
  • Posts 365
  • Votes 79

I don't know if this is cruel per se. How long have they been behind? Did the landlord try to work with them? I have evicted two people and have a commercial tenant who is on the ropes and will take a huge financial hit when evicted. I try to work with everyone. Some people won't do anything till they are forced to. Maybe that is the case here, maybe it isn't. 

Post: How to build a real estate empire in high Crime area

Les Jean-PierrePosted
  • Investor
  • New York City, NY
  • Posts 365
  • Votes 79

I have been good. I have been following you on Instagram. Yes, got the bad tenant out. Store tenants are being a pain but I have forced them to be compliant. They also have sunk so much money into the space that it is in their best interest to make it work. I use a relatively cheap WiFi based camera that works well overall. Will shoot you a pm about it.

Post: How to build a real estate empire in high Crime area

Les Jean-PierrePosted
  • Investor
  • New York City, NY
  • Posts 365
  • Votes 79

Might make sense to kick out the tenant that let the dealer in his unit. Also, why not put in security cameras? I did and I found that the tenants act differently. Best of luck.

Post: Management Software for Small Landlord

Les Jean-PierrePosted
  • Investor
  • New York City, NY
  • Posts 365
  • Votes 79

Hi, I use Cozy for applications, Quicken Rental Manager for bookkeeping and paypal for payments. I will note that my tenants pay directly also. I manage a three family and a condo but it works for the most part. I find younger people want to pay electronically so I try to make that easy for them.

Post: Storing tenant belonging after eviction - NY (Buffalo)

Les Jean-PierrePosted
  • Investor
  • New York City, NY
  • Posts 365
  • Votes 79

I am in NYC but have been told that you should take to a storage facility using real movers and pay for 30 days and then send the tenant a certified letter saying where it is and if he doesn't get it, then the storage company can throw it out. Or, you leave it in the unit for 30 days.

Post: NYC Program that pays 1 full year of rent

Les Jean-PierrePosted
  • Investor
  • New York City, NY
  • Posts 365
  • Votes 79

I would not work with NYC government. I had a homeless family destroy my kitchen and it was an absolute bear to get the Department of Homeless Services to help. I also had a Section 8 tenant that I had to evict and again, no help from the city. The city simply won't help you when things go wrong. It isn't worth it in this environment.

Post: What would you do? Hold or Sell?

Les Jean-PierrePosted
  • Investor
  • New York City, NY
  • Posts 365
  • Votes 79

Interesting conversation. I was contacted about an off market property in Brooklyn through a broker. It is priced at market but needs likely $150k-200k of work. It is not a screaming deal but I know the rental numbers  it could bring and I can make it work. I was thinking of offering about 10-15% under asking but you guys are making me rethink this.

Post: Separate Heat and Hot Water in The Bronx

Les Jean-PierrePosted
  • Investor
  • New York City, NY
  • Posts 365
  • Votes 79

I just had a thought about those mini splits. Maybe they would be effective but I don't really know anyone who has used them(I am not on good terms with the ground floor tenant).

Post: Separate Heat and Hot Water in The Bronx

Les Jean-PierrePosted
  • Investor
  • New York City, NY
  • Posts 365
  • Votes 79

I never separated the heat/hw. I should note that I got some energy upgrades from the state for a highly discounted price. It helped. My heating plumber told me it might make sense to convert each unit to electric heat(that is separately metered) and go that route. The ground floor unit is a store and the tenants put in one of those box HVAC devices you see on the side of buildings. Their lease will end soon so I was advised to take out their radiators when they vacate. I asked a plumber about separate water and he said each unit would have to have their own piping. I think ultimately, i will have to shut down the building and reconfigure everything.

Post: I have 3 days to Furnish a STR. What would you do?

Les Jean-PierrePosted
  • Investor
  • New York City, NY
  • Posts 365
  • Votes 79

As far as furniture assembly goes, my wife bought us a bed from Wayfair and Wayfair had an assembly option through Handy. Two guys came in and put the bed together in 30-40 minutes. Would have taken me two hours by myself.