All Forum Posts by: Quentin Mitchell

My inherited tenant on a SFR I bought two years ago recently installed very nice expensive laminate floors and nice tile in the bathroom without asking. He sent me pics afterward and said he had extra leftover materials from a job he did as a construction worker. It looks amazing! I had ugly outdated linoleum vinyl floors that looked bad.

He also brought home a used dishwasher and a used fridge from who knows where and replaced mine when they broke down. He fixed and installed a couple leaky faucets on his own too. Oh, and I have another SFR two doors down from him that had a major water line leak under the slab on a Sunday evening. The corner of the house was deep in mud with water filling the area fast. He went over there with his roommate on his own and dug a hole deep under the slab foundation to repair the leak all on his own.

So sometimes inherited tenants aren’t so bad!

Nothing fancy, but I kind of like the young professional couple I inherited on a duplex purchase from a couple years ago. Sure, there have been a few repairs in their unit, but they don't complain, and I want tenants to notify me if something needs repaired. They keep the place clean and keep on paying rent every single month. And yes, I did raise the rent to market rates on this couple and great tenants. So, it is possible to inherit good tenants on a purchase, to raise their rent to market rates each year, and to have them stay. 

Icing on the cake when you inherit some.good ones.

My tenant called to complain both fridges were on the fritz - not cooling. He found a reasonably priced repair man, had the work performed then talked him down on price saving me close to $200.00.

When the gardener/maintenance guy arrives, he works besides him at no charge.

We're selling that house and he has offer

ed to buy it if his investment property in Germany sells.

He too is a property investor; family is finishing up both a 46 unit and 8 unit residential developments.

Wow pretty good

It must have been somewhat in tact if you only needed 21K to rehab a 2-flat and at your purchase price, it sounds like that was a good find. How much out of the 21K was materials vs labor? What was asking price? Neighborhood?

@Joseph Konney: 

The upper unit the guy I bought it from had started the work already, so there was little to do  besides paint and finish bathroom floor paint and light fixtures and same with Kitchen and 1 cabinet and I repainted because the color he had was awful. The bottom unit was more of a full rehab. 

The contractor I had was new and didn't charge alot and was happy for the work so I saved money there and materials I bought stuff on sale good material just on sale. The asking price was 18,000. The neighborhood is a C- but I feel since is improving to a C+  

This property is in Detroit, MI