All Forum Posts by: Mark Berge

I just googled re michels. They mention a credit application. I am going to call them to inquire.

Thanks for the input. If I have the hvac contractor buy and install the gas boiler, I would like to finance it. I have just recently fixed the front stoop $3k, new roof that was leaking $11k. One contractor suggested a local small bank for financing the boiler and install. This is my first rental property so I am learning. 

Hi All, I have a rental house that needs a gas boiler installed. It is a single family about 1000 square feet. It had a old oil boiler now putting in a gas boiler, using a new electric water heater for hot water. Hvac contractors are giving me estimates of $11,000. I can finance the boiler through my home depot credit card for one year. Some hvac contractors don't like to install gas boilers from home depot because there say there are issues with resolving warranty issues. I have been told williamson boilers are good. The house is in north jersey which has cold winters. Any feedback?

Hi All, what is an example of the depreciation that I can calculate on a sfam rental house that the tenant moved into August, 2020? 

Thanks for the input. I texted the tenant this morning saying, 

Please let me know when you would like for me to pick up the signed lease. If instead you plan on moving please give me your 30 day notice. Thanks.

He came right back and said

Ill give you the lease whenever you next stop by

I now have the signed renewal lease with a small bump up from the rate of the first lease.

Thanks for the info. The lease the tenant signed when he moved in a year ago states that the lease ends July 31 (this month) and that if the tenant does not return the signed lease after 30 days when he receives the renewal lease then he is rejecting the renewal. Going by that, he has rejected the renewal. I had gotten a call from a landlord in the area that the tenant had applied for his 3 bedroom apartment. I told the landlord that I was surprised that he was looking elsewhere, I thought he was renewing. I called the tenant and he said that in a day or two he will let me know if he is renewing. I don't think the tenant ever read the lease or I don't think he cares? The father who lives with the tenant but is not on the lease doesn't want to move.

The end of the lease is July 31 which is less than 30 days. The two days from when the tenant said he would let me know if he will renew is tomorrow. In other words, if he does not renew then 30 days notice would be August 5th. I plan to call the tenant tomorrow, the second day and ask him if he is renewing. What's crazy is that when the tenant moved in he filled every room including the living room with bookcases full of books, he has the entire basement filled with his personal belongings, it looks like he is going to live there for ten years.

I dropped off the renewal lease about two months ago, his current lease ends the last day of this month. His father who is elderly and cannot drive is living with the tenant who is on the lease. The house is in good repair (this is my first rental property) and I take care of issues promptly like the washer that broke, I bought a new one, I changed the toilet when it stopped working, I paid a roofer to put a new roof on, I paid a mason to repair the front entrance stairs. I called the leasing agent who got the current tenant in and he said that my asking rent was very reasonable and he could get a new tenant in no problem.

The current tenant (his first year) always pays on time and takes care of the place. I told the tenant that I have to know soon and he said he will let me know if he will renew the lease in a day or two. 

Any suggestions? I self manage this property so I deal with any thing that comes up, but I use a realtor to find tenants.

In the concrete slab basement, the carpet has been gone for a week and there is still a strong smell. A contractor suggested spraying it with a 50/50 mix of bleach and water. Let it sit for 30 min. and then mop it up several times. I haven't tried it yet. 

Hi all, this is my first rental property. The basement and master bedroom carpet I had removed and am wondering if I should also have the living room carpet removed because of the strong dog smell? Not sure if it will clean up or just have it removed and then replace with linoleum or carpet? Intend to get rent ready in 1-2 months.