All Forum Posts by: Maxwell Servais

I have a tenant in my 4-unit property saying that hot water runs out after about 10 minutes. I have turned up the water heater to the highest temperature available, but it does not seem to have fixed the issue. None of the other tenants have mentioned anything about hot water running out, but this tenant says she used to have enough hot water to bathe herself and her dog, and now it runs out after about 10 minutes. 

Any advice on some additional improvements that could be done to potentially fix this problem without having to buy a new water heater? Water heater is about 5 years old. Thanks in advance!

About to close on my first investment property in the coming week, 4-unit in outside of Madison, WI. Looking to have some repairs done and need to find local contractors that I could hopefully build long term relationship with. Any advice on how to source reputable contractors in a specific area? How have you found quality contractors that you continue to hire?

Thank you for the comments everyone! Definitely a perspective I had not considered! 

Question! I have been under contract since 10/10 on a quadplex in Wisconsin. The main reason I purchase this property is because I was planning to house-hack. Seller had noted that 3 units where rented until 8/31/2025, and with the 4th unit being open I though it was the perfect opportunity. Leases where due to me on 10/17, but on that date I had only received one. Today, I received the other two leases and noticed they are both on a month-to-month bases. The cherry on top is that one of the tenants is choosing not to renew as of 10/31. This is not a total deal breaker, but am I little frustrated that sellers misrepresented 2 of the leases being annual until 8/31/2025. I really do not want to back out of the deal, but curious if I could negotiate a reduced price or something of the sort. Any advice is helpful!