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All Forum Posts by: Michael S.

Michael S. has started 5 posts and replied 122 times.

Post: Should I take a cash out from all paid property

Michael S.Posted
  • Residential Real Estate Agent
  • Camden, NJ
  • Posts 126
  • Votes 55

with the market at an all time low, buy as many as you can, but try to buy in an "up and coming" area

Post: Sketchy addition on back of house

Michael S.Posted
  • Residential Real Estate Agent
  • Camden, NJ
  • Posts 126
  • Votes 55

i would strip it down to studs and joist, see what i have to do to pass inspection, if too much then demo

Post: How-to refinish a tub? How Much?

Michael S.Posted
  • Residential Real Estate Agent
  • Camden, NJ
  • Posts 126
  • Votes 55
Originally posted by Andy Jones:
That $350 to $450 is when you're re-tiling the tub surround as well ($300 materials and labor for that). If you're not re-tiling around the tub then there is a risk of damaging tile of course. What I might recommend is to take out the bottom row of tile and put an "accent" row right on top of the tub once the new one's in place. I have yet to see a tub that wasn't installed to code but I don't doubt it's possible.


had a tub "professionally" re-glazed in '08 for $400 and in '09 it like crap again...went to HD got a tob for $100 broke out tile about 18" high to get old tub out, did have to make an "accent" row completely around tub...tub replacement was about 3 hrs(me/helper), and tile,grout well you know....

Post: How do you rent out a timeshare?

Michael S.Posted
  • Residential Real Estate Agent
  • Camden, NJ
  • Posts 126
  • Votes 55

call the resort they might be able to rent it out for you. is it a floating week?

Post: Check list for first viewing of property

Michael S.Posted
  • Residential Real Estate Agent
  • Camden, NJ
  • Posts 126
  • Votes 55

-make sure doors and windows open and close properly if some of them don't could indicate structural problems
-check ceilings for water stains or stains that might be covered up with paint, or rough spots on walls could indicate water damage or possibly mold
-ask seller to purchase a home warranty in your offer just in case heater or central air takes a dump
-make sure floors are level, if not check beams, or foundation outside for cracks

these are some major things to look for, but not deal breakers at least for me. these can get you big discounts and can be fixed

Post: Making your rentals durable!

Michael S.Posted
  • Residential Real Estate Agent
  • Camden, NJ
  • Posts 126
  • Votes 55

locktite(blue) on all door knobs, smoke detectors with 10 year batteries pre-installed so tenant cant take them out, make SURE toilet has no play in it or rocks, pre exterminate...use fipronil roach gel for all the roaches not listed on lease that they bring with them.

Post: What makes a slumlord

Michael S.Posted
  • Residential Real Estate Agent
  • Camden, NJ
  • Posts 126
  • Votes 55

a lot new york investors buy in southern jersey(camden, atlantic city)

Post: What makes a slumlord

Michael S.Posted
  • Residential Real Estate Agent
  • Camden, NJ
  • Posts 126
  • Votes 55
Originally posted by Mitch Kronowit:
slum (sləm) n. - a densely populated, usually urban area, marked by crowding, dirty run-down housing, poverty, and social disorganization

slumlord (sləm'-lôrd) n. - one who rents out property in such a place


i guess i'll ad that to my business card

Post: Section 8 tenants wants to terminate the lease

Michael S.Posted
  • Residential Real Estate Agent
  • Camden, NJ
  • Posts 126
  • Votes 55
Originally posted by Financexaminer:
Just a reminder, many states require that deposits be specified as to what monies may be applied to. Some deposits can not be applied to past rents, a deposit called a "damage deposit" for example will only be applied to damages! Good luck, Bill


i had a tenant ask the judge for her deposit back, he snickered and told her "no, you owe $3000 in rent" so i guess in NJ its ok.

Post: Section 8 tenants wants to terminate the lease

Michael S.Posted
  • Residential Real Estate Agent
  • Camden, NJ
  • Posts 126
  • Votes 55

never make anyone stay that doesn't want to...just keep their deposit and move on