All Forum Posts by: Account Closed

This is something typical I see in the HVAC industry, as well as other industries. They try to make a repair expensive in order to convince you to install a new unit - or - make the money of installing a new unit from not so complicated repair.

I bet you or your husband could replace the compressor yourself - it isn't that difficult really. Then have someone come out and recharge the system.

Make sure you get a 2nd and 3rd opinion (in hvac maybe 4 or 5) on what needs to be done and how much it would cost. 

Worst case get your replacement compressor and have someone else do the install.

@Justin K.

I'm familiar with the toilet although never chose to get that specific model. Price was about double other reasonable toilets with 1.2/1.6 gpf. 

I wouldn't make all the toilets 0.8 gpf since there are concerns with not using enough water when flushing sewage all the way down older cast iron pipes to reach the street although it is rare to hear about. Typically showers and washing machines will make sure the sewage gets to the street!

@Justin K.

It is possible to put a meter behind pretty much anything some places have them behind sinks and toilets to monitor usage. Manual readings would obviously be much cheaper to install and you can check them every quarter.

A better suggestion is to replace the aerators on all 6 units. From the bathrooms to kitchens. Every bathroom sink install a 1-1.5gpm aerator and for kitchen sinks I wouldn't go below 1.5 gpm. These are only $2 a piece and take 30 seconds to install yourself. They are typically chrome colored and can be installed on any faucet. If you have a fancier kitchen faucet it may not work unless you get one for the specific model. Note: most older sink aerators use 2.2 gpm

Also replace shower heads ($6 a piece) also a 30 second DIY with 1.5-2.0 gpm shower heads. You may get some complaints at first until tenants get used to them or decide to go with 2.0 gpm on all units.  Note: most older shower heads use 2.5 gpm

This will drastically  reduce water consumption.

The last and most expensive option is to replace toilets to low flow models. They are typically around $100 and take time to replace so you may have to pay labor on that as well if you can't do it yourself.

Note: older toilets can use up to 4-5 gallons PER flush. Newer models are about 1.5 gallons per flush - if you need a recommendation on a low flow toilet that won't clog just PM me.

I would start with the aerators and shower heads since they are very cheap and can be done in an hour on all 6 units. Make sure to market this as an "improvement" to your tenants.

@Russell Brazil

Hi Russel where did you come across this info? I'd like more info if possible

Fridges, stoves, etc have free next day delivery and installation from Lowes and Home Depot. They can haul away the old one too for a small fee usually or the delivery guys can take it outside and set it on the curb for you. That is probably your best solution.

Anything else just find a reliable handyman and pay him a fair amount to keep doing your one time basis jobs.

I have a personal loan now and I quitclaimed it a while a back.

I am now refinancing the personal loan on the home which is under the LLC.

I am told it is conventional so I am assuming it already has the best terms but wanted to confirm since it is owned by an LLC.

@Max T.

@Brian Garrett

Do you guys get this?

hey guys thanks for the responses,

I received a conventional loan offer with my name on the loan and the lender knows the home is under my single owner LLC.

So I guess I was asking if I changed my title to my name would I get more favorable terms even though it's already a conventional loan.

I don't think this is an error on the lenders part because I was very clear that it is under the LLC. So am confused to why this wouldn't be possible.

If you cash out refinance your personal home which is under your individual LLC, and the loan is under your name and not the LLC, will rates and terms be the same if it is not under an LLC?

Looking for favorable terms.

I was advised it would be the same since the loan is under my name and not the LLC.

 Joshua why don't you just help those who ask you instead of deciding who "deserves" your help? You might be surprised with your results. 

In the end, why are you helping anyone? Do it for yourself not for them.

have you considered a heat pump system with backup electric heat?