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All Forum Posts by: Mags S.

Mags S. has started 6 posts and replied 273 times.

Post: Prospective tenant says they only smoke off the property

Mags S.Posted
  • Rental Property Investor
  • Phila, Pa
  • Posts 276
  • Votes 110
Originally posted by @Jason Hirko:

@George Smith In my experience, if you don't rent to smokers and let them smoke outside, all you've done is eliminate the ones that tell the truth and you'll end up with a smoker who is unscrupulous enough to not say anything when they call about your place, and then do it anyways. BTW, I'm also in C & D class neighborhoods, so my tenant pool isn't great to begin with. If yours is, might be different

@jason hirko.  If you have the no smoking in the lease and the unscrupulous ones smoke, you have reason to post a quit notice.  (Being a former smoker, I wouldn't consider renting a place where, as a smoker, a lease said I couldn't smoke.)  My rental is in a C neighborhood as well and I have no smoking in the lease.  Never had a prospect denied for smoking as the only reason they were denied. I make mention, during the showing, of no smokers/smoking just like no animals are permitted. 

Post: what is the best way to find team members

Mags S.Posted
  • Rental Property Investor
  • Phila, Pa
  • Posts 276
  • Votes 110

try ASID.org, an interior design national organization.  They can meet your needs.

Post: Durable, Hardwood Floor that won't break the bank

Mags S.Posted
  • Rental Property Investor
  • Phila, Pa
  • Posts 276
  • Votes 110

I think it will depend on the price point.  Wood flooring is extremely popular now. I just removed a 3br house of carpet and refinished the wood floors.  The finished product clearly brought the prospective tenants out to look at the property.

Personally, I don't like a lot of ceramic/porcelain type tile throughout.  I fall in the senior citizen category and ceramic-porcelain tile is really tough on the lower back.  I put a cork tile floor in at my own house and it is pretty comfortable.  My feet can really feel/tell the difference between between the ceramic tile and cork tiles as soon as my foot touches the surface.

Whatever you go with, think long term.

Post: Buying property all cash!!

Mags S.Posted
  • Rental Property Investor
  • Phila, Pa
  • Posts 276
  • Votes 110

We don't typically use attorneys in philly.  Property insurance. Title company should be able to provide you final money figures.

Post: Lease addendum rconendations

Mags S.Posted
  • Rental Property Investor
  • Phila, Pa
  • Posts 276
  • Votes 110

@Account Closed  thanks. oops forgot the loss of use rider, didn't know it was a rider.  Oh well, next lease terms. I did remember to have tenant add me on as an add'l insured.  I'll have to close that loss-of-use loophole next time.

Post: Prospective tenant says they only smoke off the property

Mags S.Posted
  • Rental Property Investor
  • Phila, Pa
  • Posts 276
  • Votes 110

Yes, it gives you the right to deny if that is part of your criteria. Forty+ year smoker here...been there, done that.  when the cold weather hits, we'd hide in a corner of the basement...in our own house!  I wouldn't believe them for a minute...the good intentions thing.  We have a no smoking on the premises in our lease/addendum. 

Post: Bought building with no parking - crazy person! Any solutions?

Mags S.Posted
  • Rental Property Investor
  • Phila, Pa
  • Posts 276
  • Votes 110

First, @Wendy Forbes - big congrats on your first purchase! It is a big step and wanted to acknowledge. So there are prolly things you could have thought thru better; don't know anyone who could say they didn't make any mistakes on their first. Bet you'll never forget to consider parking on any future deals! Lesson learned.

I'm not very familiar with section 8, do they require parking?  If not, attempt to rent it before implementing big ticket solutions. IMHO, stop feeding the entitlement mentality. There are several streets in my area that do not allow parking during winter months.  These homeowners don't get to park their cars in front of their house and must walk around the corner or whatever to get their cars during this time. It really IS okay.

 Include something in the building/unit that many local section 8 properties don't normally offer. 

Post: Disruptive disrespectful renting neighbors

Mags S.Posted
  • Rental Property Investor
  • Phila, Pa
  • Posts 276
  • Votes 110

Contact the police each time and practice your innocent and surprised facial expressions, in the event the neighbors complain to you that the cops were called

Post: New investor in Philadelphia

Mags S.Posted
  • Rental Property Investor
  • Phila, Pa
  • Posts 276
  • Votes 110

@Austin Jones  hi, if you could include me in the dig in manayunk info, would appreciate it.  Thanks

Post: Welcome Packet?

Mags S.Posted
  • Rental Property Investor
  • Phila, Pa
  • Posts 276
  • Votes 110

all great ideas! My new tenant is knowledgeable of the neighborhood. Although totally self-serving, I put a binder of information together for the tenant.  It includes house maintenance info such as when is trash day and the rules on when you can put it out, ditto on rules for snow/ice shoveling. What not to stuff down the garbage disposal or over-stuffing the laundry washer.  Includes all the appliance user guides.