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All Forum Posts by: Benjamin Dutil

Benjamin Dutil has started 16 posts and replied 57 times.

Post: Advertising home for rent targeting handicap/wheelchair tenants

Benjamin DutilPosted
  • Rental Property Investor
  • Windham, ME
  • Posts 60
  • Votes 22
Quote from @Nathan Gesner:
Quote from @Benjamin Dutil:

Advertise the house as you normally would and include a description of the handicap features available. That's not discriminating; you are sharing the same information to everyone and making it available to everyone equally.

It would be nice to find a handicap person that could take advantage of those features, but it's also nice to find a young family, an old family, a retired couple, a single woman that lives quietly on her own, etc. Don't narrow your market by trying to find one type of renter.

Thank you for the feedback. We are certainly not desperate to find a tenant in our market. I guess that we prefer not to “deal” with the flood of inquiries we will receive. But, without being discriminating, I guess that’s the price we will pay. As of this reply we haven’t listed the property yet. We do have a potential tenant that’s in a wheelchair so it may not become an issue. Thank you for your advise 

Post: Advertising home for rent targeting handicap/wheelchair tenants

Benjamin DutilPosted
  • Rental Property Investor
  • Windham, ME
  • Posts 60
  • Votes 22

We recently purchased and moved into a house that is set up for someone in a wheelchair. We are moving into an RV full-time and want to keep the house in our rental portfolio. Our question is how can we advertise the property to someone in a wheelchair or someone who needs these "special" features without getting into some discriminatory issues? The house isn't so "specialized" that it would turn off potential abled-bodied tenants but does have a vertical platform lift in the garage, a 60"x60" curb-less shower, a sloped front kitchen sink base, roll-under bathroom sink, elevated 21" toilet, grab bars, 36" doors throughout and a W/D hook-ups on the main level. We don't want to discriminate but we really want to help someone in need of special housing. Thank you in advance for your advise!

Post: Give it out in slices and it comes back in loaves!

Benjamin DutilPosted
  • Rental Property Investor
  • Windham, ME
  • Posts 60
  • Votes 22

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $270,000
Cash invested: $19,700

This property was sold to me from a veteran's PR after passing. I was the general contractor involved in special adaptive housing (SAH) remodel for the veteran's disabilities through the Veterans Administration. Upon his passing the family offered me the property before listing it on the market. The PR said that because of our relationship we built through the remodel they would sell it to me for what was left on the mortgage plus $13k for the expenses which totaled $270k. Appraised for $360k.

What made you interested in investing in this type of deal?

The ability to have our own single-door home while having most of the mortgage paid for by freeing up one of our apartments in which we occupied.

How did you find this deal and how did you negotiate it?

A professional relationship through my remodeling business. Negotiated by explaining I could not afford this type of property in the current housing climate.

How did you finance this deal?

Conventional mortgage

How did you add value to the deal?

The property was previously remodeled by my company when the veteran was alive.

What was the outcome?

I closed on the property months after I had moved in. I had to wait for my 2021 taxes to be filed in order to qualify for the mortgage.

Lessons learned? Challenges?

Remodel as if it was your own property which is my guiding light through all our remodels. Challenges: We had to install a sprinkler system prior to the passing of the veteran. I didn't consult the code office prior to starting the remodel.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Laura Fleischer of Remax in southern Maine (Lakes region.) She's my go-to agent any time we are executing a deal. We just love her and she's saved my butt more than once!

Post: Give it out in slices and it comes back in loaves!

Benjamin DutilPosted
  • Rental Property Investor
  • Windham, ME
  • Posts 60
  • Votes 22

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $270,000
Cash invested: $19,700

This property was sold to me from a veteran's PR after passing. I was the general contractor involved in special adaptive housing (SAH) remodel for the veteran's disabilities through the Veterans Administration. Through the remodel I became close friends with the veteran and his heirs. Upon his passing the family offered me the property before listing it on the market. I explained that I was not in a position to purchase for retail. The PR said that because of our relationship we built and the trust they had in me that they would sell it to me for what was left on the mortgage plus $13k for the expenses which totaled $270k. The property appraised for $360k. We moved into the property from one of the duplexes we owned. This freed up the unit for rental ($1500/month) and allowed us to live in the SFR for a little over $100/month plus utilities. A great deal in my opinion!

What made you interested in investing in this type of deal?

The ability to have our own single-door home while having most of the mortgage paid for by freeing up one of our apartments in which we occupied.

How did you find this deal and how did you negotiate it?

A professional relationship through my remodeling business. Negotiated by explaining I could not afford this type of property in the current housing climate.

How did you finance this deal?

Conventional mortgage

How did you add value to the deal?

The property was previously remodeled by my company when the veteran was alive.

What was the outcome?

I closed on the property months after I had moved in. I had to wait for my 2021 taxes to be filed in order to qualify for the mortgage.

Lessons learned? Challenges?

Remodel as if it was your own property which is my guiding light through all our remodels. Challenges: We had to install a sprinkler system prior to the passing of the veteran. I didn't consult the code office prior to starting the remodel.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Laura Fleischer of Remax in southern Maine (Lakes region.) She's my go-to agent any time we are executing a deal. We just love her and she's saved my butt more than once!

Post: Sarcastic and hilarious response from the property owner ...

Benjamin DutilPosted
  • Rental Property Investor
  • Windham, ME
  • Posts 60
  • Votes 22
Originally posted by @Theresa Harris:

I think that is a great reply from the owner.

And this is one of many! It's a pleasure managing properties for an owner like this! Happy Holidays!

Post: Sarcastic and hilarious response from the property owner ...

Benjamin DutilPosted
  • Rental Property Investor
  • Windham, ME
  • Posts 60
  • Votes 22

Question from tenant...

"Hi, Ben - I hope you both are well, t’is the season. 🎁🔔Been meaning to follow up with you, could you ask Tammy if she would be willing to renovate the upstairs bathroom in April/early spring? The floor tiles are increasingly coming loose, the tub has a lot of cracks in it, the camode has unsightly screw holes in it, etc., etc. And I would love a little bit larger cabinets, if possible. If you are already booked up, I know if someone very reputable who could do it in that timeframe. I understand some folks are already booked out that far. Thank you.”

Answer from owner...

"Hi Ben,

Okay, I've pondered this since last week - which gave me some time to do about 500 eye rolls, and scream to the heavens begging for relief from the whining of entitled people.

I have now come to a place of acceptance (there will always be annoying entitled people) and gratitude (this would be so much worse if you were not managing the property). Here are my thoughts:

As you already know, I will pay for any repairs, which includes fixing or maintaining the condo to address safety issues, and/or functioning. I will not pay for upgrades. Based on my knowledge of the bathroom:

1) If the tiles are loose (which is likely as there was one that was loose when I lived there) it's appropriate to repair, and if necessary, replace. I like the tiles in there now, but I'm not sure if it's feasible to simply re-grout if they are loose. I'll let you investigate this and let me know what you think should be done, and give me an estimate. If the flooring needs to be replaced, please match the color/style as closely as you can.

2) I do not believe there are "cracks" in the tub, though there are scratches in the paint. Please give it a look and see if a repair is necessary to keep water from leaking to the floor below. If not, well, we must all live with imperfection in our lives.

3) If the unsightly screw holes for the commode present a safety issue, or interfere with their functioning, please sand them down.

4) We would all love larger cabinets, wouldn't we? No.

So now, I'll rant. If you think it will help to share any of the info below with Susan, feel free. Probably none of this is helpful; I trust your judgement.

Susan is making the following assumptions:

1) If she asks repeatedly for the bathroom to be renovated, it will be done

2) She will continue to live at 123 Main St. past her April 30th lease agreement

3) I have the money/desire to renovate a functional bathroom in a rental unit

None of these are true.

Susan asked about the bathroom to be remodeled in March of 2019. The answer was no. She then asked you again in July 2020. The answer was no. She is now asking again in December of 2020. I grow weary.

It may be helpful for Susan to understand that the $1600 per month rent she pays is very reasonable. Below is information on current rental costs of 2 BR 1.5 bath rentals in East Bumm - in less desirable locations, with no garage:

  • Junipers,: $2020-2090 (heat included)
  • Evergreen, also off Route 123: $1705 (heat included)
  • Lobster Landing: $1825 (no utilities)
  • The Zillow rental estimate for 123 Main St is $2400, with a range of $1704-2688.

I am not certain whether, or when I will return to living in 123 Main St. If I do, I'll likely move back sometime between July 2021 through October 2021. Susan should not count on another year in 123 Main St. when her lease is up.

If I do move back, I may, at that time, do some upgrades. The next time you are at the condo, if you could take a look at the downstairs closet in the entryway, and give me your opinion/rough estimate on whether a stack washer/dryer could be placed next to the exterior wall? There used to be a water line that ran through that closet to a spigot outside, which was probably redirected to pump water to the fascinating 1/2 bathroom downstairs (no, I did NOT do that).

Thank you for your patience and your service.

Tammy"

Please reply with your thoughts. I would love to hear what others think! Happy Holidays!

Post: Is REI worth a divorce??

Benjamin DutilPosted
  • Rental Property Investor
  • Windham, ME
  • Posts 60
  • Votes 22

@Joe S. Possibly not the real estate I suppose. But regardless our goals did not line up.

Post: Is REI worth a divorce??

Benjamin DutilPosted
  • Rental Property Investor
  • Windham, ME
  • Posts 60
  • Votes 22

I married my college sweetheart after dating for 7 years or so. Soon after we got married we purchased my first 3 flat deal. 2 of the 3 units needed remodeling before we could rent. I spent every spare minute doing the work (which was 1.5 hours drive from our apartment.) After a summer of remodeling plus our 9to5 jobs she was not interested in the land lording thing. We fell apart fast. We divorced after 18 months. My passion to change our lives didn't match her goals. But there's some sunshine through my experience...My ex-wife, her boyfriend, and their new baby needed a bigger place to live. Guess who they called? Yep, me! Just so happened I bought the duplexes my ex and I were living in when we divorced. They are now one of my tenants in a pair of duplexes I bought soon after the divorce and we are neighbors! Ironic isn't it? LOL

Post: investor/builder wanting to help investors outside of snow belt!

Benjamin DutilPosted
  • Rental Property Investor
  • Windham, ME
  • Posts 60
  • Votes 22

This could be an opportunity for you to get some highly skilled help to finish your flip, remodel or other residential project. As Mainers, we are hard-working, knowledgeable craftsman who take pride in our work. We want to spend the cold winter months in a warmer climate and "travel-hack" to your area! We have a fully tooled 7x14 enclosed trailer that we would bring to the project. We are willing to discuss terms; equity share, cash, or combination of both. We are open to ideas to create value for everyone involved!

HAVING A HARD TIME FINDING A CONTRACTOR THAT YOU CAN TRUST OR EVEN SHOW UP? LET'S TALK (but only if your project is in a warmish winter climate!)

Post: Looking for Vacation Rentals in NY state, 2-3 hours away from NYC

Benjamin DutilPosted
  • Rental Property Investor
  • Windham, ME
  • Posts 60
  • Votes 22

I'm probably not the best person to answer your question however I can speak for owning real estate in the NE. I'm invested in Southern Maine and Northern NH. I never have any issues finding longterm tenants with great ROi's. Southern Maine (particularly Portland and the surrounding areas) have been showing amazing growth and great opportunities. STR markets are strong and producing $40-60k annual incomes around the region. I have close friends with STR in Old Orchard Beach, Wells and other coastal communities that are producing fantastic returns. A bit further away from NYC but plenty of opportunities. Really, it boils down to doing your due diligence.