All Forum Posts by: Michael D.

This kind of stuff comes up all the time, and I don't think you should worry about it.

They're probably only impounding enough to pay the regular tax bill, not the supplemental as well.

In any case, they always true up at the end of the year. If there's any extra money they will send it to you (I've had this happen a lot of times), and if you're short they'll ask you to send in extra or pay a higher amount each month.

Not everybody likes them for various reasons, but I think impound account save me a lot of hassle.

Bridge loans are used when you plan to get a more ordinary loan in the near future, but right now there are reasons why you can't. The reason could be that the property is in too rough a condition, or maybe that you just don't have enough time. In any case, you need the money now and have a clear near-term plan to get a regular loan soon. A bridge loan is your "right-now" money.

That's exactly what I'd be afraid of in a mandatory single-payer system. Fortunately, I don't think that's what ObamaCare implies. In theory at least, you can get whatever you want as long as you have insurance that will cover it or just pay for it yourself.

Does anybody really think it's a good idea to give our (or any) government the power to decide who gets to have children, or when?

That sounds like throwing the baby out with the bathwater - no pun intended.

Awesome, thanks for the link.

I'll do some more research on my own, calling the water company, my manager and my plumber to see what they all think about it.

I'll report back what I find.

Ken Latchers, All good points. In fact, I did some learnamication since your post and discovered that I don't really want RUBS at all.

As you point out, RUBS (ratio utility billing system) is just a way of dividing up a bill *without* actually measuring individual usage.

What I really want is sub-metering.

I want to install some water meters and have somebody - maybe me - check on the usage each month and use that to divide up the bill.

Potential issues:
- Can I divide up the whole bill based on water usage, when the bill in fact includes water, garbage and sewer?
- Can the meters be read remotely so that I can do it myself?
- Would it be better to enlist the help of a company that handles the servicing - or does that just add complexity.

Anyone have experience doing this with their buildings?

Thanks!

Will Barnard, some small changes:

His property always cash flows - even when vacant.

His tenants fix HIS broken toilets.

All of his properties have 360 degree views - of themselves.

His lenders apply to HIM.

Are any of you using RUBS programs in or near Pittsburgh, PA?

How is it working out for you?
What did it cost to install/setup?
What RUBS company are you using?

Thanks.

Will Barnard, you also need to define risk.

I think risk refers to the uncertainty of outcomes, rather than the overall performance.

By that definition, burning dollar bills is low-risk - and getting a free coin flip for $100 is high-risk. (I know that one sounds strange, but just imagine that they give you $50 and then ask you to flip a coin to win or lose another $50).

Putting money in a CD for a little while is very low-risk inasmuch as the uncertainty of outcomes is very low - even though you might lose a little value to inflation along the way.

You could put together a 5-year business plan - which ends in bankruptcy. In the meanwhile you can just take the profit out of the business.