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All Forum Posts by: Dick Stevens

Dick Stevens has started 3 posts and replied 286 times.

Post: Stone Foundation Repair

Dick StevensPosted
  • Rental Property Investor
  • Haverhill, MA
  • Posts 290
  • Votes 185

I need to have an old foundation in a rental house repaired and repointed.  This is the interior foundation from the basement.  The height of the foundation wall is about about 5 feet of stone and then 3 feet of brick.  The old lime based mortar is deteriorating— stone needs repointing and some of the brick has fallen out and needs to be redone.  My research leads me to believe that a specific mortar needs to be used, as the stone and antique brick are not as strong as modern day products/construction.  Can anyone with experience chime in and lend some advice?  Also if anyone knows a good mason that does this kind of work I’d appreciate the recommendation.  Property is in Haverhill, MA.  Thanks.

Post: Anyone using zdeposit for security deposits?

Dick StevensPosted
  • Rental Property Investor
  • Haverhill, MA
  • Posts 290
  • Votes 185

How do they make the process easier?

Post: Should I rent my rental unit to two couples?

Dick StevensPosted
  • Rental Property Investor
  • Haverhill, MA
  • Posts 290
  • Votes 185

Google it for details.  It’s fairly standard in leases.

Post: Strategies for Tenants not paying rent on time/

Dick StevensPosted
  • Rental Property Investor
  • Haverhill, MA
  • Posts 290
  • Votes 185

You can find examples online.  Be sure to use the correct form — it’s different for a tenant at will versus a tenant on a lease.  Are you new to property management?  I’m somewhat shocked that you manage 200 units, but have never issued a notice to quit.

Post: Hiring a Tenant for Small Tasks

Dick StevensPosted
  • Rental Property Investor
  • Haverhill, MA
  • Posts 290
  • Votes 185

It’s a bad idea for many reasons, but once you start paying them you will likely be liable for any on the job injury.  

Post: Strategies for Tenants not paying rent on time/

Dick StevensPosted
  • Rental Property Investor
  • Haverhill, MA
  • Posts 290
  • Votes 185

14 day pay or quit notice if not paid on time.  That’s your best approach.  Zero tolerance for late payers.

Post: Senior wants to sell home but wants to remain with services

Dick StevensPosted
  • Rental Property Investor
  • Haverhill, MA
  • Posts 290
  • Votes 185

Why would they pay rent plus an extra maintenance fee?  Just charge them market rent, maintenance is landlords responsibility.

Post: Should I rent my rental unit to two couples?

Dick StevensPosted
  • Rental Property Investor
  • Haverhill, MA
  • Posts 290
  • Votes 185

Make sure lease is joint and several.

Post: Evicting tenant after buying 2 family in MA

Dick StevensPosted
  • Rental Property Investor
  • Haverhill, MA
  • Posts 290
  • Votes 185

In Mass you use a 14 day pay or quit notice for nonpayment of rent.  There is a different notice for a tenant on a lease vs. M2M, so make sure you use the right one.  You need to be able to prove the tenant actually received the notice.  It’s best to have them sign that they received it.  Of course this doesn’t always work, so if they refuse to sign you can have a sheriff serve the notice.  The 14 day clock starts ticking upon receipt of the notice.

Post: Is it too early to lower the monthly rent advertised?

Dick StevensPosted
  • Rental Property Investor
  • Haverhill, MA
  • Posts 290
  • Votes 185

What did you base market rent on?  Please don’t say the ‘zestimate’.