All Forum Posts by: Max Fleissner

Welcome to Omaha @Pete Voss. There's a few REI meetups that anyone you talk to from Omaha will recommend, so let me know when you're close to moving and i'll fill you in. I've lived in Omaha most of my life so I can certainly recommend some areas for you to look at (I also currently work at Children's!). Good luck with the move!

Great, thank you @Gordon French!

@Ben Einspahr

Hi Everyone.  I have a duplex here in Omaha that appears to have some root growth in the sewage piping, which is causing a reoccuring clogging issue.  Does anyone have any experience in treating their pipes with a root killer?  Root Kill, RootX, ZEP, or any other product?  Appreciate any feedback and advice!

Thank you,

Max

@Logan Fast

How did everything turn out?

Looks fantastic @Jenessa NeSmith!  Congrats!

Jim, Kyle, Greg - thanks a mil for your feedback, I really appreciate the insight!

@Jim Adrian

Thanks for your feedback Jim.  They will be adding a soundwall and easement roughly 2 feet off of my backyard fence  (my backyard faces North / faces Blondo street).  They have initially told me that they will be offering a settlement to me in order to remove the north part of my backyard fence in order to build the wall.  Another part of the settlement is reserves for me to build out the west and east parts of my fences 2 feet north to the new soundwall.

So renters will now have a soundwall in their backyard - not great to look at, but it replaces a view of a fairly busy road and the neighborhood across the street.  I guess the question is: does this, in addition to a noise reduction, make the wall a positive value for the home?  Or negative?

Hey folks, looking for any feedback I can get on a situation arising with my rental home.  Appreciate the help  :)     The city (Omaha, NE) is planning on widening the two main roads leading into the neighborhood of my rental property, as well as add a soundwall along the busier of the two roads.  My question is this: have you ever encountered a similar situation where public construction has affected your propert(ies)?  My initial thoughts are that before and during construction, it will be more difficult to find and keep good renters, and my monthly rate could very likely go down.  After construction however, the property value should rise, as the street widening and soundwall are much needed in the area and should improve the neighborhood value.  If you are interested in more details, I go on below.  Otherwise, thank you for your time and consideration to help me out!    Max

Information about my rental:

I purchased the home 4 years ago, with the intention of living in it, but was moved for work soon thereafter and vied to rent it out in lieu of selling. The home is modest in finishes (no granite countertops) but is in a fantastic area when it comes to schools, transportation, etc. Since I was not a REI at the time, I did not buy under the rule of thumbs that would make it a particularly good rental property - that being said, it has worked out well enough: purchase price for 150k, currently renting for 1,450/mo., cash-flowing roughly $150/month after capex and typical expenses, have only had two different families in the 4 years. The market: Omaha has been in a total seller's market for the last couple of years, and this past winter, in which the cold weather typically slows sales down until spring, it remained hot, setting up for a crazy spring. I have heard countless examples of homes recently selling for 10% over asking prices with multiple offers on day 1. With this, I am wary of a bubble forming that could soon pop.

My thoughts:

While I am currently happy with the asset, the combination of getting top dollar for my home BEFORE construction in the area starts is extremely appealing. Factoring in my newfound love for REI, I see an opportunity to be able to use the funds from the sale to buy 1 or 2 properties that can cashflow better than this current home. Am I on the right track? Or am I scared of the construction, trying to time the market and not thinking long term?

Thanks again for your time and efforts!   Max