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All Forum Posts by: Mags S.

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

Post: White cabinets / Jamocha Granite Tops, what color backsplash?

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

I've recently done two kitchens using white cabinets, a rental and personal property.  The return of the subway tile (various colors and sizes) with white cabinets is always considered a classic.  Relief subway tile is popular and can be found at the big box stores. Mixing a couple of rows of mosaic tile with larger sized tile has also been popular too. Colored grout also is a popular option.

Post: Expired Rental Licenses

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

If you don't pay your rent, I bet his license will be active by the time the eviction process begins.

Post: Bounced Check, Defensive Tenant

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

@Laurence V.  On your tenant criteria, update to include the unwritten 'no high maintenance or stress factor' personalities. Live and learn. 

Post: How to decline to receive an appication?

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

@Thomas S.  i think you handled it perfectly!

Post: To all the female investors!!!

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

Interested!

Post: Can these hardwood floors be saved?

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

Also, If you bring in flooring ppl, make sure they are old school and have the old flooring material.  The ones that don't have access to old wood will always try to talk you into going with new wood flooring.

Post: Can these hardwood floors be saved?

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

@Michelle Bright  I'd say it depends on what you want to do with the property and the price point.  If higher end and/or competitive housing, I would have a pro floor sanding company take a look.  In my area, Buyers and tenants love hardwood flooring.  I recently updated a 1915 rental; the flooring had been carpeted for many many years.  There was some cupping noted on a section where carpet was pulled up. The padding was stuck to floor as well. I was informed the oak flooring was not of the highest quality original flooring and was thin.  Upon asking their suggestion - replace all the original flooring in a 3bedroom, 2 story house...NOT!   There was a $1k difference in pricing estimates, so it pays to get more than a couple of estimates.  You would not know where the cupping was today and only one room had any pet stains.  I didn't have any staining or anything additional done since it's a rental.  Just a matte poly finish.  The floors came out gorgeous and property advertising showed mostly walls and floors (empty property).  There were over 3000 views on Zillow within a 30 day period and lots of interest calls.  Good luck

Post: Using Zillow to advertise rental vs PM web site

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

Zillow and those sites provide many many leads. Must qualify leads same as from PM's site.

Post: Screening Potential Tenants

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

When most of the inquiries are online from sites like Zillow, trulia, etc, the number of responses can be overwhelming.  I try to make my first cut by including financial criteria in the ad.  It rarely works though.  I couldn't possibly call everyone back, so I often send a text thru google voice.  I ask them to complete a renter's profile from their site. I then re-iterate the more immediate financial requirements like annual income and move-in amount needed. Also in the text I include a blurb about credit, eviction, and background checks by a paid service.  A lot of the responses die off at this point. Those that respond appropriately, I then set up showing appointments or inform them of a Saturday morning 1.5 hr showing.  All tours are private so I/we have the opportunity to spend a few minutes with each prospective applicant.

I use the BP app.  When an app and signed lease requirement addendum comes in, I follow a similar process as many above.  I don't accept any money with the app but accept supporting documents. There is a written list of requirements and most of the information to meet the requirements can be (not) found on the application. Most applicants are discounted at this point. I circle the reason on the requirements list and the missing/disputing info on app.  If the person follows up regarding a status, I refer to their requirements list and tell them why they were denied.  Reasons have been: requirements state they need xxx to move in, their app states they have only 1/3 of the amount; they've already shared during showing they smoke but yet on app it answer no to the question; previous residence issues.

When they pass my due diligence verifications, I pass it on for the paid services part. The applicants pay the provider directly.  

Post: How much weight do you put on SmartMove check?

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

I'd be interested in hearing some feedback too.