All Forum Posts by: Tom C

Think I would have had to go and collect rent.. Just saying.

One my tenants recently bought a new full size bed and the box springs wouldn't fit upstairs. Her dad told her 'I' could simply take the stair treads off. We'll asked her if she was nuts? Then she said her dad said 'I' could cut the box springs down to make them fit. Again, I laughed at her and said, not a chance. She took the bed back.

Same Tenant.. Why is my heater thingy flashing, filter? Because you need to replace the furnace filter. Whats that? I will come over and show you. I get there, you mean I have to touch that dirty thing. No, you can pay my contractor 50 bucks to come over and do it.. I will do it.

A possible new tenant asked if I could install a fence around the back yard. I said, No why. He said, well it would be for our mix lab. I asked mix with what? He said Pitt Bull. I said, no. You cannot have that dog on my property. I never heard back from him.

Another tenant asked if I could install a new light switch in the kitchen closer to the door on another wall, because she didn't like to have to walk half way into a dark kitchen to turn the light on. I said, no, buy a night light. The wall where she wanted to new switch is ceramic tile.

Same tenant. Can you buy us a dual flush toilet. No, but you can buy one and pay my contractor to install it.. OK, thanks!

Many times.. Tenant request.. Can I borrow $500, sure $575 due next pay day.

Small deposit due to hold when completing the application.
Security deposit and first months rent due when we sign the lease agreement. They get the keys when I have verified all utilities have been turned over in their name and when lease starts.

Hi Michael.. I am near the Youngstown area.

I love out of state landlords that come into Ohio and think that buying up our vacants will be a cash cow. I've been investing and renting for a few years now and I will tell you, these are old homes and require a lot of maint on a regular basis. Sure, labor is cheap and the tenants are plentiful, but it takes a lot of time managing these homes.

The reason I say I love out of state landlords is because they quickly find that it's too much work and hassle trying to operate in my neighborhood and they put the place up for sale. I can get them cheap and newly rehabbed. An example. Landlord from Calf bought a duplex in my area. He invested 2 new furnaces, 2 new hot water tanks, 2 new baths, new carpeting, roof and windows. He paid $32K for it. 2 years of not being able to keep it rented and dealing with all of the incompetent local management companies, he put it back on the market for $23K.

I offered $17,5K and he took it and ran as fast as he could.

Flipp, so you submitted an offer on a HUD, including your required Earnest Money and you didn't have funding lined up? That's an awful good way to loose your deposit.

That would be good news

I have tenants ask all the time if they can put up a kiddie pool and the answer is the same.. NO! Take a cold bath.

This is wrong on so many levels. You broke your lease agreement by entering the home without notice. She broke the lease agreement by growing pot on your property and changing the lock and now you are thinking about upgrading the eletrical to help her with her grow op.

Something tells me you either need to spend some time learning how to be a landlord or get out of the business.

Yeah my point is that I have a kid that does projects for me that I either don't have time to do or want to deal with.. I pay him cash throughout the year. I still claim it as a operating expense. What he does on his end, I don't care. Now, if I pay this kid over $600 a year, he is going to certainly have to claim it as income, which may have many different impacts on his life. Such as just pushing his family over the income threshold.

Yeah.. I just said that.