All Forum Posts by: Rick M.

So Roulette isn’t a legit proof of income!!! I don’t want to live on this planet anymore (Professor Farnsworth meme) 

Active railroad I can agree with, but a lake front property that is only 150 stairs away? People drive miles around to get to the waterfront a few steps isn't, at least for me,a deal breaker

I wouldn’t think being near a cemetery is a deal breaker. What’s the worst that can happen you get a few mourners in the graveyard to morn their lost love ones? They would be a quiet neighbor, never get a noise complaint or the cops call on by them, I fail to see the issue.

I've had a similar occurrence. The pool pump died and at the time I didn't have the money to replace it I had two tenants in particular that felt that their rent was paying for their access to the pool, which it most certain is NOT. My lease clearly states that the "Pool is a Luxury, not a Right". I personally pay for the pool since my son lives on the property he enjoys using the pool and if I was to convert the MF back to a SFH the pool would add value. You are already paying for the pool maintenance, electric to run the filter, and any other costs associated with the pool, I would NOT pay to also heat the pool. I would frankly be a little offended if my tenants, that I pay for the pool, now wanted it heated. Plus my son has told me on more than one occasion that he is the only one that uses the pool, that the tenants are rarely in the pool. Tenants having a pool is a HUGE Luxury, I know of no other rentals in my area that have a pool, and just having access to a pool they should be happy with that. Having a pool is for Single Family homes not rentals, I would make sure that your tenants know that. If having a pool isn't enough I would tell them that "I've been considering filling it in, since the costs are so high" I guarantee that will sweeten their attitudes up in a hurry.

I’m a paranoid android so I don’t like tenants having my personal number or address. I know it’s probably overthinking it but this day in age I would rather have too much protection then not enough. It’s simple if a tenant gets a grudge against you they could call or text you non-stop.

“Well you can just block them” This is true but they still have your main number, so all it would take to get their friends phone or simply get a burner phone to do the process all over again and you have no control. Or even worse, I had this done to me from an ex of mine, she was mad so she posted my number on social media I was pummeled with calls or texts for hours until I turned my phone off and before I got a new number I would get random calls and texts even after said occurrence. Or they could post your number to Craigslist with a “Free Motorcycle ad” I had countless calls and texts on Thanksgiving day about wanted to come pick up my imaginary FREE motorcycle. If you saw something you wanted for FREE on Craigslist wouldn’t you give them a call to see if it’s still being given away?! I would, and have. Giving tenants your main number you have no control with which way they use it, they have all the information they need to hold against you, if need be.

Now with the same scenario, if a Google Voice number was posted to Social media/Craigslist or whatnot you can still block the individual number in the application but, this is what sold me on it, if you were getting pounded my random numbers calling or texting you can sign out of the app and, checkmate, it’s over no more calls or texts until you sign back into the app.

Ultimately do what feels right, Google Voice is free for the first number when you sign up with them and having Unlimited data calls and texts are technically data usage since you are using an app and you’re NOT using your minutes or texts, if you have a certain number allotted to you each month, so it’s a win win.

I did not, I do like the Manchester area but with all the “imported” people (being politically correct) downtown is a wasteland/warzone. I went with a property my brother’s agent had as a pocket listing in Rye. I would like to invest in MachVegas (in the future) but I can't deal with bad/professional tenants.

Oregon state wide rent control law, first in the nation…discuss

https://www.housingwire.com/articles/48325-oregon-enacts-nations-first-statewide-rent-control-law

https://www.cbsnews.com/news/oregon-rent-control-law-puts-a-cap-on-massive-rent-increases/

I doubt the city will supply them, if they went that route they would bill the tenant themselves. Which I ultimately would LOVE but doubt it will ever happen, I would even go as far as pay $50-$75 dollars a month to the town to bill the tenant directly.

Yes he was

If your city only does the one water bill deal, water meters are cheap like $110 a piece (buy the metal ones, don’t buy the plastic ones) if one plastic meter cracks or dies you’ll be wishing you sprung for the metal ones. Like my father always used to say “Do it once, do it right, or you’ll end up doing it twice”

I was lucky enough the previous owner was an investor/wanted to be one, and split up ALL the utilities. The only complaint I have about Rye is that the City only sends out one water bill so once a month I have to go to the property and read the meters. Honestly I didn’t like it at first but the money it has saved me $300+ dollars a month plus it forces me walk around the property and check on it at least once a month.

You definitely can and should charge back water, it keeps the tenant from just leaving faucets on and letting toilets run. If you are renovating, SPLIT ALL THE UTLITIES!!! I look for that when I buy a multifamily/apartment. I also know other investors, such as myself, that are willing to pay more for a property with all the utilities split, it also shows pride of ownership and is always the first question I ask “Are the utilities split?”