All Forum Posts by: Anthony Wick

I'm not a big fan of "estimating" just about anything. Find out the real percentages, the real costs, the real comps, the real expenses, the real numbers. Meet with a lender, get approved for what you need/want, and you'll know your numbers.

@Heath Lehey. We are not allowed, per state law, to just charge for our time. Only money actually spent. If I spend several hours cleaning, painting, doing whatever, that's just the cost of doing business. No charge to tenant. 

@Heath Lehey

Again, there isn’t a magic number for a door knob or for a repair. You charge them for actual money spent. If you need to replace carpet, you’ll need to account for depreciation. You cannot charge full price for replacing 10 year old carpeting. Fox what you need to, and charge them for actually dollars spent.

@Heath Lehey

You don’t commit to a damage deposit refund until you are ready to return whatever is left. Document with photos and receipts. Send them copies of photos and receipts of money spent within the timeframe. 30 days? Tenants don’t get to “approve” an expense. The expense is the expense, and you send them back what is left. If they don’t like it, they can file through the court.

@Anthony Doss

The reason people live in apartments now is because of cost. They can’t afford to not live in apartments. That isn’t changing. Wanting to have something doesn’t mean your finances can make that happen.

@BJ Marshall

If I lived in your area, I’d convince you to not invest. Then, all the deals would be left for me.

Pandemic. No pandemic. A deal is a deal.

@Bill D.

If they have a sob story, move on. Why have criteria at all if you’re not going to follow it?

@Tanner Vandevere

Who is “they”? Shop around and get the best rates on a cash out refinance. Never take the word of the first person.

@Carl Fischer

Since the economy and stock market historically do better under democratic presidents, I’m thinking I’ll just stay the course. 2008-2016 was very good for me. And the Bill Clinton years was the best stock market in history. So, I’m not seeing the panic that some people are.

If you’re investing for the long term, there is no need to worry.

@Jeremy Hua

51 years. You?