All Forum Posts by: Mike Palmer

That makes sense. The vinyl is awesome if you anticipate any possibility of water...

@Deanna McCormick are you saying the vinyl plank flooring warped from water? I have never heard of that before. I am not sure why the planks would warp and the tiles wouldn't. Sounds more like an installation issue to me...

I would check with the manufacturer and see what tolerance they allow to still consider it a 'level' floor. I had some spots that were not totally level and I just stuck down some thin pieces of cardboard that did the trick. 

I can't really speak about underlayment because the product I used had underlayment already attached. I would think having underlayment would help, but will likely still be cold in the winter. 

Hi all:

I have a unit rented to some college students (in Ogden, Utah). So far they have been good tenants. One of them is a friend of the others and was planning to move out of town and was initially only a temporary tenant, so I gave them what I feel like is a really good deal because she was only staying 3 months. Well now she has decided she would like to be added to the lease and stay the remainder of the lease.

Has anyone dealt with this situation? What is typically a fair amount to charge for an extra person? It was rented as a unit (not per room), but I also pay utilities and build that into the rent. What would you do? 

Sorry, I think I posted this in the wrong section. Anyone know how to move it? 

Hi all:

I have a unit rented to some college students (in Ogden, Utah). So far they have been good tenants. One of them is a friend of the others as was planning to move out of town and was initially only a temporary tenant, so I gave them what I feel like is a really good deal because she was only staying 3 months. Well now she has decided she would like to be added to the lease and stay the remainder of the lease. 

Has anyone dealt with this situation? What is typically a fair amount to charge for an extra person? It was rented as a unit (not per room), but I also pay utilities and build that into the rent. What would you do? 

I agree--I would not remove while the current tenant is there. Actually, I wouldn't remove at all (why pay the cost to remove them?). 

As an insurance agent and a landlord with a place that has a fireplace in one unit and wood stove in the bottom unit (with shared chimney), I made it known that they were NOT to be used, UNLESS the tenant paid to have them cleaned and inspected annually AND they carried renters insurance. 

It can vary by state, but check with your agent on how to set this up so that you are a named insured on their policy and it will cover your losses (including loss of rent) if they burn the place down (and you get a free remodel out of it!). Any competent insurance agent should know how to do this quickly and easily. And most of the companies I have seen DO charge SLIGHTLY more for having a fireplace and/or wood stove, but it is a small increase in most cases. And I don't recall seeing a policy denied for this. 

@Aaron Knoll Did you end up doing this deal?

 What is it that makes them so much better? 

Perhaps you have not been here recently or are not as familiar with how the market has been (or you are talking about Ogden, Logan, or smaller places outside of the SL/UT county metro area)--there is a TON of competition around here, and it is very difficult to find anything with those cap rates that isn't fairly run down...