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All Forum Posts by: Steven Barr

Steven Barr has started 85 posts and replied 158 times.

Post: Section 8 property management

Steven BarrPosted
  • Atlanta, GA
  • Posts 159
  • Votes 56

I am in the Atlanta area- are there any property management groups that specialize in section 8?

Post: 1031 exchanging for cheaper properties

Steven BarrPosted
  • Atlanta, GA
  • Posts 159
  • Votes 56

Hi BP-

If I take 4 homes that are all valued at $250k and sell them (say I have 20% equity), I would then have $200k (don’t worry about realtor fees, closing costs, etc for this example)

Could I then do a 1031 exchange with the profits from these 4 homes, and go buy 8 homes valued at $75k each and put 25k down on each of those 8 properties?

Post: Tenant items covered in mold

Steven BarrPosted
  • Atlanta, GA
  • Posts 159
  • Votes 56

Hi BP-

I am a RE investor and also a tenant of a large apartment complex.

I have lived in the apartment for 3 months and noticed today that A LOT of my items are covered in mold. Mainly clothes in my closet and shoes. Probably a couple thousand dollars worth of belongings.

We have determined that it is due to poor ventilation. Our closet is next to the shower. Shower head has mold on it, as well as vents.

How should I expect this to be resolved? Is this my problem or should the landlord be expected to cover costs for fixing/replacing compromised items due to the fact that the problem resulted from apartment not functioning properly?

(Seems to be surface level mold, not black mold)

Thanks for the help!


Post: Black Mold In House - How to handle with tenants

Steven BarrPosted
  • Atlanta, GA
  • Posts 159
  • Votes 56
Quote from @Eddie P.:

LOL, You're welcome and I'm happy to assist. I kind of fell into this industry while I was flipping homes back 10 years ago. In Florida you need to be licensed and insured to test and remove mold. Insurance companies were paying good$$ so I figured what the heck and added it to my GC license.  you can see some of our horror stories on FB and IG by searching CVP Mitigation

I can imagine. I will be getting a solid mold evacuation and testing team in place

Post: Black Mold In House - How to handle with tenants

Steven BarrPosted
  • Atlanta, GA
  • Posts 159
  • Votes 56
Quote from @Eddie P.:
Quote from @Steven Barr:
Quote from @Eddie P.:

I am a contractor in Florida that specializes in Mold assessments and removal. Over 9 years I have seen many cases where either the owner or handyman covered up mold with kilz or paint to get a property rented or sold. The latest one was a $2,500 monthly rental that looked absolutely stunning and fully remodeled. After a month of being in the unit the tenant developed respiratory issues and ended up in the hospital after experiencing bloody nose and asthma attacks. In this particular case the tenant hired a company to test the house and found toxic levels of mold. The homeowners handyman allegedly covered up the mold in the walls caused by an AC condensation leak. This could have been resolved during the remodel for probably $500. Now the owner owes this tenant moving expenses, lawyer fees, all new furniture(negotiated during settlement), medical bills, dry cleaning and washing of all clothes, sanitizing of all her personal effect, and refund of every cent paid. Plus he had to hire my company to remediate the house so he can have a layer of protection when he rents it out again. Simple solution is have a licensed and insured company run an air test( +/-$500) prior to renting/buying and take care of it. It will cost much more after.  And No- bleach, vinegar, kilz, foggers, will properly remove mold from a building, it needs to be removed. Whenever any of my tenants mention mold, I resolve it quickly 

This is EXACTLY the kind of answer I was looking for. Thank you @Eddie P.!

What are the ways that you can effectively remove mold?


 Depending where it is. Anything porous like carpets, drywall, insulation, wood laminate flooring, etc should be tossed and replaced. Cabinets should be tossed as well but we sometimes clean and encapsulate them if they are custom. Use Hepa vacuums on all the surfaces and wipe everything with a antimicrobial. AC ducts and units should be cleaned by a reputable company. The most important thing is to have a clear lab test from a licensed company. That is what will offer you the most protection. Mold is everywhere and airborne but your inside levels should never be greater than the outside which indicates a problem.

@Eddie P. want to move to Atlanta and work with me??? This in incredibly helpful. Can’t thank you enough for your input!

Post: Black Mold In House - How to handle with tenants

Steven BarrPosted
  • Atlanta, GA
  • Posts 159
  • Votes 56
Quote from @Eddie P.:

I am a contractor in Florida that specializes in Mold assessments and removal. Over 9 years I have seen many cases where either the owner or handyman covered up mold with kilz or paint to get a property rented or sold. The latest one was a $2,500 monthly rental that looked absolutely stunning and fully remodeled. After a month of being in the unit the tenant developed respiratory issues and ended up in the hospital after experiencing bloody nose and asthma attacks. In this particular case the tenant hired a company to test the house and found toxic levels of mold. The homeowners handyman allegedly covered up the mold in the walls caused by an AC condensation leak. This could have been resolved during the remodel for probably $500. Now the owner owes this tenant moving expenses, lawyer fees, all new furniture(negotiated during settlement), medical bills, dry cleaning and washing of all clothes, sanitizing of all her personal effect, and refund of every cent paid. Plus he had to hire my company to remediate the house so he can have a layer of protection when he rents it out again. Simple solution is have a licensed and insured company run an air test( +/-$500) prior to renting/buying and take care of it. It will cost much more after.  And No- bleach, vinegar, kilz, foggers, will properly remove mold from a building, it needs to be removed. Whenever any of my tenants mention mold, I resolve it quickly 

This is EXACTLY the kind of answer I was looking for. Thank you @Eddie P.!

What are the ways that you can effectively remove mold?

Post: Black Mold In House - How to handle with tenants

Steven BarrPosted
  • Atlanta, GA
  • Posts 159
  • Votes 56

Hi BP - 

If there is black mold in a house that you bought, how is this typically handled when flipping or BRRRRing? What happens if your contractor finds it, covers it up without telling you, and then the tenant finds it later?

**This did not happen to me. I am just trying to make sure I am protecting myself for the future

Thanks guys!

Post: Property Management not communicative

Steven BarrPosted
  • Atlanta, GA
  • Posts 159
  • Votes 56

Hi -

I am new to RE investing and personally only have 1 SFR. I have a game plan that should allow me to acquire about 25 over the next 18 months though (just bought our 2nd last week and it is under rehab)

I hired property management for the first property. It has been about 4 weeks and has yet to be rented out. I am also having trouble communicating with my property manager. She does not pick the phone up when I call and takes an entire day to respond to a text

Is this normal? Is this to be expected because I only have 1 property? Or do I have poor property management?


Thanks BP!

Hey guys!

Where should I be looking to find a cash out refinance lender that does NOT have a seasoning period?

I am doing BRRRRs and most lenders seem to have these periods of seasoning from 6-12 months.

Thanks BP!

Quote from @Jason Regan:

In my market (Massachusetts) when adding additional space we need to pull a permit.  This is usually good enough for the appraiser to take into account.  There is a caveat with this as certain things wont be taken into account at 100% value.  For example a finished basement is not worth as much per square foot as the main living area.  When I list I usually take this at 50% value of the main floor price per square foot.  Appraisers don't use this exactly but, as explained to me by an appraiser, its a bit of a sliding scale and depends how much is above or below grade.  The easy way is to measure it yourself tell the appraiser how much square feet you added

@Jason Regan do appraisers ever ask to see the permits you pulled to add sq footage?