All Forum Posts by: Scott Mac

Hi Rex,

You can do it in the CPA format that lenders like to see, or you can do it leaving out your personal life items. Including only things that are "In Play" investmentwise.

Leaving things out such as your wife's wedding ring, jewelry, your personal home(s), personal vehicle(s), boat, snowmobile, camper, personal cash reserves, etc...

It depends on what you want to see decisionwise.

Good Luck!

Hi Amber,

Congratulations on having such a hard working tenant.

The request for a boat was probably from his emotion at the time and not a something he seriously intended you to do.

If he were my resident, once the flooding stops, I'd go out to inspect the place and tell him how impressed I was with his commitment to care for his family. Make him feel special about it, and not even bring up the silly boat thing.

Good Luck!

Hi Sebastien,

In a "High Crime" area of the US I'd be very reluctant to give anyone $500 to move.

That's because it seems they would be very likely to not keep their word, and take the $500 and just stay there anyway.

To someone without a lot of money $500 in the area like that is a LOT of money.

It might be less costly over all to evict and let the Local Police put them out if they are still there.

Just my thoughts on this.

Good Luck with your decision!

@Cinda Hamm

Hi Cinda,

Don't run the Ozone machine with any people or animals in the house.

It will harm them, and may kill them as well as well as the smell.

Also when it's done it will take a while for the Ozone to abate, so don't rush right in, wait a while.

Machine probably doesn't say that, say that, but it's on the web in quite a few places.

Good Luck!

@Amy Wan

Thanks for clarifying that Amy.

Scott...

Hi John,

He's paying to rent a comfortable place with working things inside.

You will probably have a lot of turnover if you fail to provide you're end of the bargain.

That is how rentals go. 

The squirrel thing is important because they don't have a restroom up there and will just go everywhere. Rodent droppings are not what you want in an attic. Plus they chew everything including wires. Not what you want.

Hopefully the unexpected cash flow drain stops quickly.

Good Luck!

Hi Jake,

Unless you have municipal sewer, a perk test results in the area you want to build on (for all seasons if possible) for the number of people you intend to house.

Good Luck!

Hi Simon,

If you have a boiler, you might want to understand its parts and how it works--in detail.

There are steam boilers, and water boilers, water tube systems, and fire tube systems.

They all have different parts that can fail, and some have redundant parts to keep heat on if there is a failure and some don't.

If you know your stuff about this big ticket item, you will be less likely to be at the mercy of an overcharging repairman.

Just my 2 cents.

Good Luck!

Hi Jesse,

Make sure to include the Electric Company fees for a bigger service drop.

They can't send 200 amps over a 50 amp size wire.

Good Luck!

Hi Orestes, 

You might want to talk to a local Architect at this point.

You might get a better set of questions and tips from someone local who does this type of thing regularly.

Good Luck!