All Forum Posts by: Naga A.

Jeff S., Joshua Dorkin

Thank you guys. Yes, I have all the intentions to exterminate rats, but wonder if there is anyway to save some money rather than spending $900.

Ibrahim S, thanks for the tips. I never thought of that but tell my handyman to use the techniques.

Minh L.

The tenant has been living almost for a year and just signed the one year extension. I do not think she has a pet. She is a section 8 tenant and pays rents like clockwork. I intend to keep her as much as I can.

I own a SFR out of state. My property manager has contacted me that a tenant complains that numerous rats and a lot of rats poops have been seen at garage.

The estimate for taking care of such problem came back with $900, which includes an assessment by sealing entire home and a 2 year warranty.

What is the best and reasonable solution to this rat issue?

I can check the lease to see whether a landlord or tenant is responsible, but the tenant has asked to be let out of the lease if this issue is not taken care of. I do not want to lose her.

And, my house is Atlanta, and recommendation/referral for an exterminator would be appreciated.

Mike Hasemann & Scott Williamson

Thanks for your comments. Your comments are really helpful.

Lynn M. Thanks. That was exactly my concern. My inclination was to stay away from properties like this (townhouse with no HOA) but I thought there may be some good opportunity.

Tracey Williams

I do not plan to refinance or sell in the future (well at least near future) and buy with cash. Does that mean an opportunity for investors like me because there would be not much competition and possibly a big discount for properties like this (townhouse without HOA)?

I am just concerned about future maintenance issues with neighboring units.

Steve L. Thanks.
Ok. I might have misunderstood and this townhouse may not have an HOA.

Do you feel comfortable investing in this type of properties? It is attached to neighboring units and shares the same roof (or is it?). Even if my unit is well maintained, it would be difficult to rent if neighboring units look run down or a roof is leaky etc. in the future.

-Financing is usally tough on properties in this situation.

Why is this? Banks do not finance for properties like this?

Anybody? Nobody invests in townhouses here?

I've found a great townhouse in a great location.
This townhouse meets my general criteria (2% rule, 50% rule etc.) and does not have any HOA fee. So, any repair (exterior walls, roof etc.) would be my responsibility.

I am a buy and hold investor and have never invested in a townhouse before (only SFHs).

My question is this; do you think the fact that this house has no HOA fee is going to be a problem down the road. For example, I spend money to keep the property well maintained and look nice, and my neighbor defers any maintenance etc.?

Also, being an out-of-state investor, I cannot be actively involved in the HOA. Do you think it will be a problem in the future because HOA may impose some crazy restrictions (no renter or start charging an excessive HOA fee etc.)?

Any other things I should be mindful of when I purchase a townhouse?

Thanks guys on tips. They are certainly helpful and I will contact the local housing authority as Bill suggested.

I mainly invest in the Atlanta market. But within the city of Atlanta, I wanted to find out how strong rental demands are for a particular city, district, school district or even subdivision.

Vacancy rates are available for major cities and zip codes, but vacancy rates do not tell you the whole story. Even if a vacancy rate is low in a particular area, it would not be good if it is middle of no where and nobody looks for renting a house.

Stanley Crawford that is a good idea. I will try to do that. Thanks

Al Williamson how to get information about a high and low range of "days to rent". Is that information available only to licensed agents?