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All Forum Posts by: Shaun C.

Shaun C. has started 6 posts and replied 256 times.

Originally posted by @Jay Thomas:
Any update?

Sorry guys I know I haven't posted on here with the update, I've been slammed at work. Will be finishing up a project this week so will post all the info on Friday. Thanks for keeping up with it, I'm glad to have it done with!

Originally posted by @John Weidner:

@Shaun C.

looks like under contract I got a Redfin alert this am in my email (favorite a home and it will update you on status)

Good luck with inspections and hope you wrap this one up and get it sold 

So after nearly 8 months on the market, 55+ showings, and 0 offers; we got 3 offers in one day. Go figure. Only 2 were full ask, one was way low. I will update when it is complete; original closing was scheduled for Jun 16 but after a near perfect inspection yesterday, they moved closing to Jun 1, so look for the complete update then. Thank you everyone for keeping up on this--it's been quite the adventure over winter.

Originally posted by @Account Closed:

I'm not sure I want to keep wasting my time providing beautiful housing and excellent service to tenants who don't give a sh*t, spending each and every weekend crawling around in attics and crawlspaces of rentals with no time to even do my own laundry, or testifying at city council meetings--literally getting personally insulted by council members in the process--after waiting 6 hours a pop just to do my civic duty.  

After listening to Mindy Jensen and Scott Trench's recent episode with Index Fund Guy, index funds are starting to look VERY attractive.  

I certainly hope you learned to address a city commission official by their proper titles and not their informal last names. What a *****.

You already have someone who you vetted, and they qualified; so it honestly shouldn't matter unless they have a criminal history.

Now you have two people to go after if they fall behind or damage the home, so you're more protected then you are currently after adding the fiance.

Post: Billing Tenants for water

Shaun C.Posted
  • Royal Oak, MI
  • Posts 257
  • Votes 230

Welcome to the club. I too have a duplex in Ferndale that's all on the same meter for elec/gas/water which really sucks tbh. Are your utilities and mechanical systems separated? 

I can't imagine ever buying another property in Portland/Oregon/Seattle anywhere like that. 

@Account Closed

@Account Closed Will this have a real impact on where you end up investing next? How close are you to the state border?

I just signed up a new tenant on Sunday and noticed the increase. I don't have USAA so I'm looking at $40 for my tenants (I don't pay). Seems a little high, so I will be looking for a new service for the next one.

Post: I own a home in a declining area...

Shaun C.Posted
  • Royal Oak, MI
  • Posts 257
  • Votes 230

My first home was in an area that was more up and coming. The first tenants next to me were perfectly quiet. Then they moved. On the very first day the new tenants, a group of three 24 year old stoners; I had to open my window and tell them that they weren't allowed to be banging on their brake rotor with a metal mallet at 11 pm. Then it was being woken up by their vehicle with a broken muffler everyday at 6 am. Finally on Easter Sunday at 10:30pm when they were out in their garage revving a friends car engine they were working on, my gf had enough so I went out shirtless in my shorts and told them all I'd had enough and ripped the keys out of the car and threw them down the driveway.

This behavior would be on and off over the course of a two years and finally I reached out the the PM who ended up being useless, and finally got a hold of the owner and convinced him to get rid of her and/or the tenants. He kept the PM but put in much better people now. I don't live there anymore but still own the duplex and my tenants have no complaints anymore.

Squeaky wheel gets the grease. You own your home. I definitely would not be letting renters or a ****** landlord disrupt enjoyment of my own home that I own. Go to city hall, go to the police department. Raise hell until city officials don't want to see your face anymore and they tell the cops to make it hard on the people.

Post: Employer housing allowance

Shaun C.Posted
  • Royal Oak, MI
  • Posts 257
  • Votes 230

I would recommend having both sign the lease but let the pastor know that you want one check from him per month. That puts the onus on him to have his funds together, and if you don't get the full rent you move to evict against both.

Post: Used AC unit vs New Unit

Shaun C.Posted
  • Royal Oak, MI
  • Posts 257
  • Votes 230

You've already learned your lesson on installing used equipment, haven't you?