Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Ben Skove

Ben Skove has started 28 posts and replied 288 times.

Originally posted by @Marcia Maynard:
We do seasonal maintenance and inspect at the same time. If you say "inspection" it sounds more intrusive to the tenant than "seasonal maintenance".


I'm with Marcia in how to phrase it - I also call them maintenance and safety, and encourage tenants to tell me if there are any problems.

While I haven't had an eviction yet, I'm also hoping that having evidence that the tenant either did not report any problems at maintenance time, or that problems were revealed and repaired will prevent any last minute shenanigans about damage that I didn't address.

I do quarterly inspections. Messy doesn't bother me. Things which are broken get fixed and billed. Lease violations get a cure notice.

Don't skip your walk-throughs, as it may be your only chance to remedy a small problem before it gets bigger.

Post: Passive rental income vs. the EITC

Ben SkovePosted
  • Cincinnati, OH
  • Posts 292
  • Votes 81

People who might normally qualify for the EITC should keep in mind that as they accumulate passive rental (or other investment) income they risk losing the credit. For 2013, the amount of passive income must be $3,300 or less, regardless of the amount of earned income.

Just one of those tax time thoughts. :)

Post: 1st Yr of Taxes as Landlord - Have a question...

Ben SkovePosted
  • Cincinnati, OH
  • Posts 292
  • Votes 81
Originally posted by @Kevin Pfeiffer:
Tacking on so I see the responses.

Hey Kevin, you can also use the "Monitor Topic" button at the top of the topic thread. Hope this helps!

Post: Vinyl Siding Vs. Painting

Ben SkovePosted
  • Cincinnati, OH
  • Posts 292
  • Votes 81

I agree with Matthew. Complying with RRP will raise the price of your paint job a fair bit. For a MF, you're not going to have future buyers falling in love with the original wood details.

Post: Anyone out there specializing in under 30k properties?

Ben SkovePosted
  • Cincinnati, OH
  • Posts 292
  • Votes 81

Douglas, I'd rethink your plan. It isn't that sub-30k properties are undesirable, but looking for them in high crime areas will make your goals very difficult to achieve.

Think of it this way: imagine you're a higher quality housing choice voucher holder. You have a choice between a higher quality unit in a high crime area, or a somewhat lower quality unit in a lower crime area. Which would you choose?

Those people who will rent in high-crime areas are (for the most part) those people who don't have the option to rent elsewhere.

Post: What do you supply tenants?

Ben SkovePosted
  • Cincinnati, OH
  • Posts 292
  • Votes 81
Originally posted by @Patrick L.:
The only thing I supply them with are AC filters because I really want them to change them. I hate having tenants run the air with a packed filter or even worse no filter. I've had people run an AC system for months with no filter and completely destroy the air handler. We buy the basic ones in a 3 pack from HD/Lowes for ~$7/3 pack, if they want fancy filters they can buy those themselves.

You can lead a horse to water.... I usually just have inspections frequently enough to ensure that they're being changed regularly.

Post: Keyless combination entry locks a good idea?

Ben SkovePosted
  • Cincinnati, OH
  • Posts 292
  • Votes 81

I think it'd depend on your need for frequent or remote rekeying or opening, versus tougher security - so it might depend on where your rentals are located.

Consumer Reports had this to say about the digitals:

Post: So sick of paneling and wallpaper

Ben SkovePosted
  • Cincinnati, OH
  • Posts 292
  • Votes 81

@Rob K. and @Scott K. , you're going to be thrilled to read the first "trend" in this article:

http://blog.coldwellbanker.com/5-design-trends-american-hustle/

Post: Cover up surround sound wiring?

Ben SkovePosted
  • Cincinnati, OH
  • Posts 292
  • Votes 81

While "no alterations" to the house is probably already in your lease, you may want to specifically address this in it as well. Some tenants are...creative.