All Forum Posts by: Michael Baum

Hey @Sara Kumar, so you shouldn't need to reside the whole house. I doubt you need to put any new siding on.

If the window guys think they need to remove some siding to make it leakproof, they will pull the siding and only replace it if they damage any of it. Otherwise it will go back up.

Of course this will depend on the siding. Hardiplank comes off OK but some filling needs to be done when re-nailing. LP? Toss it and start over. It will all depend.

I don't see 200k. Without seeing the house I can't tell ya.

@Bruce Woodruff will probably have some good ideas for you.

Whew! Long time no deals! Here is something I dug up that might be of interest. 

10" Memory foam queen mattress. Lecuneey is the brand which I have never heard of. Medium support. 10 year warranty and fiberglass free.

$161. 59 - https://www.walmart.com/ip/Queen-Mattress-Lecuneey-10-Queen-...

So, it isn't a well known brand but it does have some decent reviews but like anything, subjective...
I would add a 2" or 4" memory foam topper then a waterproof pad on top of it and it should be OK.
This is what we do with the 12" Zinus mattresses we have and they have been great for 8 years now.

Hard to beat that price. Worth a shot IMHO.

I agree with @John Underwood @Tom E..

Get with your CPA so you understand the rules of depreciation.

You can furnish the place for less by going with used USA made furniture off Craigslist, FB Marketplace and others. It will take some work and flexibility on design, but it isn't that hard.

Here is a pretty good article on the subject of furniture depreciation - https://www.business-accounting.net/how-to-depreciate-furnit...

Get with your CPA to make sure you meet all the requirements.

Not my cup of tea either. 

Plus this seems like a classified ad I think.

Quote from @Collin Hays:

Quote from @Michael Baum:

I read it, but I did have some disagreements. I don't like anything that loses money every month expecting/hoping that I will make it up with appreciation.

I don't know that it is "losing money".  A 401K isn't producing any monthly cashflow, yet we dutifully dump $1,000 a month in it for 30 years, hoping there is a pot at the end of the rainbow.  Never think twice about it.

If we are making some or all of a mortgage payment for a few years on a vacation rental, it's only the interest that is lost - the rest is paying off the asset, all while the asset continues to go up in value through the years.

I hear ya man, but I want something that is flowing positive in addition to any appreciation. Right now there are areas of the country that are slowly depreciating at a 2.5% rate. You just never know!

I read it, but I did have some disagreements. I don't like anything that loses money every month expecting/hoping that I will make it up with appreciation.

Hey @Sara Kumar so this is a somewhat frequent issue but it is fixable.

There is no one I can recommend but you should be able to find a company that can solve this issue in Nashville.

I don't think you need to do all new windows. Each window can be removed and update flashings and membranes can be installed, caulked and all the trim reinstalled. Pretty easy job but it is time consuming.

I had this issue in my shop window at my primary home. I ended up pulling the window, installed a plastic window sill pan and adhesive flashing plus I added a L flashing on the exterior of the trim along with fully re-caulking the whole thing.

That fixed it and it has been dry for the last 4 years or so and we get a lot of rain here in WA.

I am not a professional but a competent DIY guy and it took me about 4 hours all said and done minus paint touch up. I would guess a pro would take 2 hours per window or so.

Hey @Kwanza P., check Turno for cleaners like @John Underwood said, (not Turo unless you want to rent someones car :)

@Andrew Steffens, nope. Spot on.

Hmmm. So I am not going to agree on some. No way I would buy in Seattle. Too tenant (yes tenant) friendly and I wouldn't want to lose my house. Portland is similar.

Bend has a ban on STRs in the much of the city. Plus licensing is crazy expensive.

There are issues all over the place here and getting anything to cash flow is a tough row to hoe. Seattle is an excellent example. If you make the 75% at $200 on $820,000, that is only $54,000. You are looking at about that much on P&I alone.

My 2 cents.