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All Forum Posts by: Robert Nason

Robert Nason has started 15 posts and replied 248 times.

Post: Laminate vs Hardwood flooring for Flips

Robert NasonPosted
  • Lowell, MA
  • Posts 260
  • Votes 99
If you're going to go with the laminate I urge you to do 10m or above. Anything less than that and it just cheap. You won't be happy with it trust me.
You can get some very basic information from those type of programming, but your value is really going to be in bigger pockets and just networking in your own area. They're not looking out for your best interest they are looking to line their pockets with your cash.
We also are getting rid of ours problem tenant in our building tomorrow as well! Cheers to both of us! We inherited this tenant when we purchased this 12 unit building in Massachusetts. He has allowed his children to write on the walls, kick in the wall, broken two windows and clogged the sink too many times that I can't remember. He and his partner have screaming matches that you can hear throughout the entire building. He allows his children to run up and down the hallway is as though it was their own private gymnasium. They leave trash everywhere and the odor of cigarettes and marijuana streams from their unit. When doing my exit exam of the apartment I was amazed at the level of filth people can live in. Just simple paths to each room and debris and clutter everywhere. He told me that he expects his full security deposit back… Not

Post: Best Vehicle for DIY Landlord

Robert NasonPosted
  • Lowell, MA
  • Posts 260
  • Votes 99
I I am in the north east and I have large parking lots with my buildings so I buy Ford F250s with snowplows on them. In Minnesota I would imagine you would encounter snow as well. Having a pick up truck can be indispensable for a DIY landlord.

Post: Recurring online rent payment?

Robert NasonPosted
  • Lowell, MA
  • Posts 260
  • Votes 99
Mike Curadossi Hi Mike. I currently own two properties with a total of 20 units and just starting to consider online rent payments. I use quick books for accounting so wondering exactly how you use it for rent collections. Do you use go payment? And do your tenants sign in at intuitpaymentnetwork?

Post: Do investors ever work with newbie agents?

Robert NasonPosted
  • Lowell, MA
  • Posts 260
  • Votes 99
Wasn't The purpose of you leaving a card to generate business? Investigate and perhaps take the investor out for coffee and find out what their plans are.
The ones that balk at a measly $35-$70 is that tenant you do not want anyway. Consider it a timesaver for both you and them.
I have recently purchased a 12 family apartment building in Lowell Massachusetts. The previous owners were very lax in their policies and procedures and have let people run the building how they see fit. One of my main problems is there are several children who reside in the building who continue to leave trash, toys, clothing and food items in the common hallway areas. Additionally they are constantly running up and down hallways after I repeatedly told him and their parents that it was unacceptable. I put up signs and have spoken with the parents to no avail. I recently have given them a copy of my standard rules and regulations which has very specific language about this problem. The parents take the position of "not my kids" short of installing an expensive video system or kicking them out I am at a loss as to how to control this. I inherited these tenants and have no information on them either. I'm thinking I want to ask for a credit bureau report as well as a security deposit. My realtor thinks that I may be violating their rights if I make this request.

Post: Best flooring for a rental?

Robert NasonPosted
  • Lowell, MA
  • Posts 260
  • Votes 99
I've done it all, hardwood floors, tile laminate. the floor vinyl planks seem to be the best for me. They look awesome, they feel awesome, they dampen the sound between floors. I have not to have any damages or any problems with any of the vinyl flooring that I bought but if something should come up I always have extra tiles I can just replace the area that's affected. Home Depot sells it for a $1.49 per square foot and you can do it yourself with very little skill. It's a no-brainer for me.
OK, my first thought is that you should not consider yourself a slumlord and do anything you possibly can to you to avoid that term. Water is a real estate investors biggest enemy. At no cost should you let that continue as it only degrade you even more. One of the best ways real estate investors make money through appreciation of their properties. Pedley most importantly do not let your tenants living the way that you find unacceptable. If they're filthy tell him to clean up their act if they're smoking when you don't allow it tell them to stop. At the end of the day this is your property and how you run it is up to you.