All Forum Posts by: Mak K.

@Sarah D., what I do is buy my own paint and tools, then head over to the Day Labor Center and ask for people with painting experience. These are usually the same guys who are working on painting crews for the professional paint companies... You tell them exactly how many hours you need for that day and the type of work and the pay for that work. Everything is set up there at the DLC, so there is no confusion at the end of the day and there is a record at the center. I will usually paint along side the guy for part of the day to see if he knows what he is doing. If he is good, I will ask him to come back the next day. If he is not that great, I ask the center for a different person. This is usually an all cash transaction, so you won't get any receipts. I have found that the work is just as good as the professional painting crews. ALL of the guys that I have hired through day labor centers have been extremely hard working, polite and professional and usually tip and provide lunch. YMMV

I am not going into the legal, safety or political points of hiring these guys and using them. I am just pointing out another option for you that has worked well for me.

Good luck to you!

-Arlen

What do you mean by DLC? People outside of homedepot or big store?

0 Votes

I have a tenant who pays $300 premium then market rent. The issue is she is very difficult. Just not friendly, will bad mouth and would not allow to enter the house.

Once she would blame for missing phones while a guy made a visit etc.

How would you deal with her. For example I went to pick left over paint and Sheetrock and she would not allow visit to garage. Just young but hard head lady.

I am the owner but I tell her I am the property manager to keep issues seperate.

how do you straighten up such attitudes to avoid issues down the line or do you kick them out?

0 Votes

what is the thickness you recommend? For my rental, I am thinking but not sure of how thick lvp needs to be?

Also do you have to use moisture barrier below? And do you do whole house or just living areas/ bath and other places carpet?

0 Votes

What is recommended thickness? And any particular thing to keep in mind when buying the vinyl planks?

0 Votes

Quote from @Jason Bott:

@Christopher Lombardi all of the clients I have who are self insuring own their properties free and clear. They will go without Property coverage but still purchase a GL coverage. With Property you know the limit of risk you are taking, but with Liability claims, you never know, so best to keep that with the carriers. Not to mention the GL is usually only about 15% of your overall insurance cost.

I'd suggest asking your lender to put into writing what is the maximum risk they will allow you to take and then give those guidelines to your broker and see if they can improve on your current program.

@Ben Guttman is right in that the captive is probably the program that will most closely match what you are trying to do.

Best of luck with it.

If you have properties paid up, what does GL cover? Does it cover fire or just lawsuits?

0 Votes

Hi,

I am considering one of the properties to do a furnish housing. I want to know what it takes to make it a good model. Is cash flow really good or is it too much headache? What is a cash flow look like. I have a 3 bed, 2,5 bath 1800 sf in Houston City in a good area. Traditional rent would be $1800/mo. What would furnished listing look like and how much is the vacancies etc?

0 Votes

Hi, I know all data is on the county website but it is time consuming and not user friendly. Are there websites I can refer to for foreclosures which shows listings, data, statistics and more userfriendly. I am ok with some payment but do not want to pay a lot as I am still learning this area.

0 Votes

Houston, Texas

My lesson is: There is no rush to jump in. There will be properties. If it does not make sense, donot buy and its easy to wait. My first property took 8 months, second, 7 months, and others I could figure it out and was two in a month etc. Between 2- 3 properties I waited 2 years just because Covid premium did not make sense.. anyways.. point is, it has to make business sense for you. Its ok to wait wait rather than jump in and loose money

2 Votes

Hi, I am looking at some lots in Harris county/TX area and I see many of them have "Restriction of Use" document during the listing. The restrictions are " The house needs to be 2500 SF or 3000 SF living space, and other restrictions similar to the HOA. Some states the lot cannot be divided or can only be divided in 2-3 smaller lots etc etc.

Are these restrictions which stay with the land for its entire life? Or can this be changed down the line? Why would the seller make such restrictions and is there a way to change it?

0 Votes

Do you have updates... Did you rent it out?

0 Votes

Austin, Texas

All Forum Posts by: Mak K.

Mak K. has started 90 posts and replied 207 times.

Post: Cost of painting vs DIY

Post: Difficult tenant- how to deal

Post: LVP flooring brands for buy and hold

Post: LVP or Carpet in Rental?

Post: Property Insurance - self insurance

Post: Renting Furnished Homes vs Traditional Renting Experiences

Post: Foreclosure research websites- Houston/Galveston and nearby counties

Post: Things I wish I knew when starting

Post: Land Restriction of Use

Post: Hospice _ 501(C)3 charity renting SFH providing hospice care