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All Forum Posts by: Michael P.

Michael P. has started 29 posts and replied 1873 times.

Post: First Deal Jitters with an out of state Realtor

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,949
  • Votes 2,398

The site is called BiggerPockets not EmptyPockets which is what this mess will get you.

Post: Without A.C. for a Week

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,949
  • Votes 2,398

Why did you run the A/C in the dead of winter and break it.  Now you must pay landlord for destroying it.

Post: New Investor in Northern Virginia. Buy & hold. Qualified, help?

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,949
  • Votes 2,398

 bad idea? we just landed amazon HQ2

Post: Losing Money Due to Vacancy

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,949
  • Votes 2,398

For what it’s worth I’ve literally never had one single day a vacancy in my nova properties (Arlington) over the last decade, and that was before the Amazon HQ2 announcement.

Take excellent photos on a sunny day that are comparable to a unit staged for sale, or pay a photographer. Just do it once and you’ll have excellent pictures to re-use forever. 

Post: What can I do with quarters?

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,949
  • Votes 2,398

Go to the arcade and play Mortal Kombat?

Go on a scavenger hunt to find a working pay phone?

Write a B on them with black marker and sell them as Bitcoins?

Buy a house in Detroit?

Post: New Investor in Staten Island, NY

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,949
  • Votes 2,398

You are a success story waiting to happen.  

Post: City of Rockville Lease Agreement - Can I use the DHCA's?

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,949
  • Votes 2,398

I use DHCA but in addition the city of rockville lease addendum.

http://www.redmaplerealtors.com/Forms_files/Rockville%20City%20Lease%20Addendum.pdf

Post: [Calc Review] This Deal looks SOLID, but you decide!

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,949
  • Votes 2,398

What’s west of AC, empty space and then Philly? (Joking) What are the drivers?

Post: Proposed bills to address housing & eviction issues in Virginia

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,949
  • Votes 2,398

Looks like all bark and no bite.

  • HB 2054, introduced by Del. Betsy Carr, D-Richmond, requires landlords to provide a written rental agreement to tenants.
  • HB 1681, introduced by Del. Jay Jones, D-Norfolk, expands eligibility for the housing choice voucher tax credit to low-income communities in Hampton Roads.
  • SB 1448, introduced by Sen. Mamie Locke, D-Hampton, changes the terminology from writ of possession to writ of eviction for the writ executed by a sheriff to recover real property pursuant to an order of possession. The bill specifies that an order of possession remains effective for 180 days after being granted by the court and clarifies that any writ of eviction not executed within 30 days of its issuance shall be vacated as a matter of law.

Post: I'm feeling like a bad person.

Michael P.Posted
  • Rental Property Investor
  • Brooke Park Drive
  • Posts 1,949
  • Votes 2,398

Rent out both sides of the duplex.  Rent a third place for u and son.