All Forum Posts by: Account Closed

Great points Bill. Sorry I left a bit of information out. Rent is $1450 a month. The hook up is electric. I am not worried about the tenant messing with the connections but more so just not cleaning or taking care of  the product. Obviously I want to avoid over spending if I may have to replace every time a new tenant moves in. I am relatively new to this and want to make sure I am making smart financial decisions. I had 1 tenant in there for 18 mos and they didn't upkeep any of the appliances at all. 

Hi All,

 I have a question for all the experienced landlords on the site. When replacing stove, refrigerator and things of that nature for your rental property do you try to save as much as possible  or do you spend a little extra in hopes the tenant takes car of it making it last longer?

thanks Jon. Hope all is well!

are there any sites to advertise rental properties in the South Jersey area?

 Do I know the area. Yes I do it's the town next to where I grew up. I apologize if anyone felt attacked I was merely making an observation. As far as the circumstances yes the area is terrible but did it ever occur to you that maybe it's so bad because the people who actually own the properties are doing what the thread starter is doing? Which is nothing but letting the city foot the bill hoping someone will take the problem off their hands. When we invest do we abandon our  responsibility to the community we invested in if we don't have the expected desire?  Maybe you're ok w that. I'm not. 

 Noones perfect.  If everyone could keep the wins and give back the losses the industry would last 3 seconds. I think the whole concept of accountability went over your head. You dont  need an invite but the dry humor was hysterical. 

you are sitting on a debt. The liens and such is what you're trying to give away. You make it sound like you're trying to sell or give away  a house when really it's just a debt. Why would or should the city take a debt from you lol. Have fun paying that back. Maybe next time maintain your properties instead of trying to be unaccountable for your properties when u fail to make a profit. 

it's her primary. Ultimatelty she is getting an attorney, but I wanted to give her as much info as I could. 

Thanks 

Perfect, thanks Frank. One more question isn't it in their best interest to still get the house appraised to avoid over paying? 

 Thanks Brian, I am not sure you answered either of my original questions. I appreciate the advice, but if you could please answer the question that is the whole reason I made the thread. I plan on giving her this advice, but still am not sure how a owner finance is any different than a bank finance. How does that benefit the buyer?