All Forum Posts by: Samantha Klein

@Jim Murray I'll have to talk to the plumber about that. If we can't easily add another one, what would you do?

I am closing tomorrow on a property with a fuel oil fired water heater from 1988. The heater is rusted at the bottom and is "on borrowed time" so I am looking to replace it with a natural gas heater. The heater is in the basement next to 2 forced air natural gas furnaces and should be easy to install a new gas water heater however the current tenants in this duplex split the cost of the fuel oil. The gas and electric are separated but if I put a new heater in, I would have to put it on one of the tenants gas meters. Is there something I am overlooking? This property has only 1 water heater and 1 water meter so I pay the water.

Medici Grey by Glidden from Home Depot. Everyone around me uses white for walls and trim both. I use grey for the walls and white on trim and my properties stay rented in fact I have a few tenants who say they will die in their home.

I pay my main contracter when the project is completed to my satisfaction. He knows he'll get a check cut as soon as it's done. I have a relationship with him though so I know many contractors want a percentage down. My contractor can afford to get the materials on his own and just bill me for them. My contractors rates vary by the job but usually $20-40 an hour.

It all depends on what you are happy with return wise. If the property needs as much work as you say, you may not be able to get a conventional loan on it.

I would get at least 3 months security deposit and go with the 9 month lease suggested above. If after 9 months he has a job earning 3x rent then you can apply 2 months security to next two months rent if you want or hold all 3 but I think giving some credit would be appropriate. Hopefully it works out if you decide to go this route. Many landlords fall for the pre-paid rent and think nothing can go wrong but it often does when landlords put blinders on and see only dollar signs. Since this person has no other red flags such as evictions or convictions, I would proceed and see what happens.

Block his number and no more communication as he's obviously being unreasonable. He's not playing fair with you so I would not even pay him a cent. He was too lazy to send a contract for you to sign so in my eyes you are not bound to anything, you should check with an attorney but it's doubtful this fool would try and sue you.

I would buy another one whether used or new and give the other one away.

Vinyl plank flooring for wood look and durability. 

@Jay Patadia Thank you! Exactly the answer I was looking for. I appreciate it.