All Forum Posts by: Suzette T.

I agree $45 is too much unless they're staying for a long time. $5 - $10 max seems reasonable. 

There's millions of homes (and other businesses) with septic systems. If you don't live in a city, that's what you're going to have. I don't let it influence my buying decisions to any extent. The only septic system I've replaced was ancient (the tank was made out of bricks) and that was pretty inexpensive considering... (less than $4000 for the tank and drain field)

There is no pros to having a septic system. The only reason to have a septic system is if sewer is not available. 

The cost of maintaining a septic over time is greater than sewer hook up fees in most places. You have to worry about a main line, whether it connects to a septic or main line. Replacing a septic system can be very expensive depending on the location and site. If you are buying a property with newly replaced septic, that may not be bad, but if the system is 20 or 30 years old, you could be the one stuck with a big expense. 

The problem is what goes down stays in the tank or enters the drain field. You need to be careful about regular pumping and make sure your tenants are properly educated on having a septic system. It is too mush risk and effort for me.

I’m a second year student at my university with one year of w-2 work experience. I have 15k saved up to put towards my first house hack. I want to get the deal done as soon as possible so that I can be househacking in the city of my university for the last two years of my schooling. Is there any way I could qualify for a descent loan? All of my cash has been saved up from side jobs and I pay my tuition in full every semester. I have no debt but about a year of using a credit card to somewhat build credit. The city of my university is Lafayette, La

If you missed my other post. I am new and will probably have a few questions while I am studying and analyzing deals the next few days. One question I have right now is whats the down side to buying mobile homes for buy and hold rentals? They seem to good to be true. The only thing I can think of is because they might not appreciate like a normal house does? But so what? the cash flow is threw the roof. Or maybe you cant get as much for rent in a mobile home as you can a house? Whats the deal? As far as cash flow goes they seem like a no brainer. I have found some very reasonable 3/2s and 2/2s compared to houses their same size. When I calculate the numbers they seem to be a pretty crazy to me, but like I said I am learning and am a little skeptical when something seems to good to be true. Would like to hear some input. Thanks!

If you missed my other post. I am new and will probably have a few questions while I am studying and analyzing deals the next few days. One question I have right now is whats the down side to buying mobile homes for buy and hold rentals? They seem to good to be true. The only thing I can think of is because they might not appreciate like a normal house does? But so what? the cash flow is threw the roof. Or maybe you cant get as much for rent in a mobile home as you can a house? Whats the deal? As far as cash flow goes they seem like a no brainer. I have found some very reasonable 3/2s and 2/2s compared to houses their same size. When I calculate the numbers they seem to be a pretty crazy to me, but like I said I am learning and am a little skeptical when something seems to good to be true. Would like to hear some input. Thanks!

Multiple times I’ve judges not even leaf through  my lease and just make a off the cuff decision at the bench . All that wording and crafty legal strategy had zero value 

 It would depend on your state but not legal in the ones I know, i.e. you can't pay yourself for work on turnover. Always pay someone else to do the work if it really exists. If you are just talking about a couple of blinds, I just charge for the parts and call it a day and put them up for free next time I am there. Always pay for cleaning unless it is just a quick dust and wipe.

I have a tenant of two years who wants me to fumigate the apartment after she killed one roach in her unit this morning.  She keeps her unit very clean, so I want to keep her as a tenant, but she does tend to overreact and ask for a lot.  I get not wanting to live in a unit with roaches, but my immediate reaction is that one roach in 2 years doesn't signify a larger infestation that requires action on my part.  She is on a standard city of Chicago lease.

The unit above her is clean as well.  There is a garden unit below that is a little more buggy, but I think that most garden units are due to moisture.  I've never had any other complaints from tenants.

She wants me to take action before this becomes a larger problem, but I don't think it's justified today.  Who is right?  Appreciate any advice as to how you all would address this.  Thanks.