All Forum Posts by: George Paiva

For me I like the "bones" of a property to be of solid build. If I had to pick a decade I would say the 50's if you can get over the asbestos issues.

The worst is the early 1900's because of foundations and balloon framing used at that time.

The 80's just had poor construction unless you buy a builders constructed house. I grew up in the 80's, trust me the builders at the time used the "good stuff" on their properties and whatever cheapest material they could find at the time for the general public.

At the end of the day its all what you can buy and get from the property. Would I buy a 60s property at 4-6 cap hell no, but a 90s+ property I would consider.

no

I've used fiberglass cleaner polisher from West Marine with good results. Even worked great on porcelian tub. If you used a Dual Action polisher or a rotary polisher to detail cars and boats than this should be an easy to do. Else just call around to bathroom fitters and they may help you get it cleaned up.

Would be great to network with area landlords. Count me in!

I recently tried this on a property owned already for 2 years. I think you will just need to approach the banks and find out what you can do but really with less than a year will be tough unless you can show major Cap Ex improvements.

Keep us posted as I would love to do this as well.

@Chris K. why not just do hardwood? Is installation or cost the determining factor? I have used utility oak at near or even cheaper than vinyl when I do the labor. So just wondering if its actually superior then read hardwoods.

Here in CT, there are a few that put the granite and stainless but their units remain vacant. I do over rehab slightly only to attract a better class of tenant not so much higher rent.

I would be interested in Fairfield or New Haven meet up!

Or the ones that come in looking at my low cost rental asking where the dishwasher, garbage disposal, central air, walk in closets are, but literally "lucky to have 2 rocks rubbing together in their pockets" here in Connecticut.

Add Connecticut to unfriendly state. I say we are 1 notch better than Massachusetts but that doesn't say much. Tenants are brazen knowing that they can get away with much more than a landlord.

Here you have to wait 10 days before you have a Marshall send a "Notice to Quit" then there are response days and so forth. Typically takes 6-8 weeks on cut and dry nonpayment of rent to up to 3-6 months if not a simple failure to pay rent. Tenants have many loopholes to drag it out.

@Account Closed says it best, know your laws and follow them to best of your knowledge. Document everything in writing and signoffs by tenants. Stick to your tenant selection criteria. Everytime I looked the other way I got burned. Enjoy!