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All Forum Posts by: Paul Kuhn

Paul Kuhn has started 14 posts and replied 63 times.

Post: Wall mounted electric oil radiators in the USA?

Paul Kuhn
Pro Member
Posted
  • Rental Property Investor
  • Virginia Beach
  • Posts 70
  • Votes 34

I love my portable electric oil filled radiators and was inquiring if anyone knew of a domestic version that can be wall-mounted for permanency yet be plugged in to avoid rewiring. Thank you for your input.

Post: Former Property Manager not releasing tenants security deposits

Paul Kuhn
Pro Member
Posted
  • Rental Property Investor
  • Virginia Beach
  • Posts 70
  • Votes 34

These are some of the images of the poor kitchen remodel and illegal work. The whiteboards/support next to my washer and dryer were supposed to extend to the edge of the appliances, also there was supposed to be a solid piece of granite laid overtop (he mismeasured and wanted me to buy a new piece to replace the small one he bought that stopped where the whiteboards stopped) which could not be supported by those 1/4 inch whiteboards. He even told me at one point he was only going to place granite on top of the center cabinet when the initial quote/plan was to cover the whole thing.

Next, the gas line he placed didn't even reach the stove and he left it uncapped. The gas shut-off valve is behind the cabinet, which he planned on enclosing, which would leave me no access to it.

As you can see the granite backsplash, he planned on leaving it like that, that was the last straw at which I asked him to stop working on the kitchen. The contracting company which is owned by the husband wanted the full price + almost another $2000 for his work done. This resulted in the property management fallout owned by the wife.

Post: Former Property Manager not releasing tenants security deposits

Paul Kuhn
Pro Member
Posted
  • Rental Property Investor
  • Virginia Beach
  • Posts 70
  • Votes 34

Thank you all for your replies, I will give them to Friday before filing a complaint against their license and the board. 

Updates to this unnecessary saga. My new property manager tried contacting them, in which they badmouthed me, lied about the property that it floods all the time (neighbors say the property hasn't flooded for as long as they can remember +15years (as we are the highest point of the street), and stated that I am unpleasable. Thankfully the former property manager's reputation proceeds them, with everything being said being taken with a heavy grain of salt. They also lied to them that they are still managing the property and therefore will hold onto the security deposit. Thankfully I sent him their termination letter a few days prior.

They finally provided proof of utility bills to me today and will pay by their due dates if they reimburse me for all the late fees they incurred and charged me for managing the utilities at the property. Today they decided to add a $250 early termination of management agreement(they initiated termination) charge to me for less than 6 months. Keep in mind agreement ended 10/21 (notification 9/21), and multiple emails stating the amount owed, included yesterday did not include the $250. Still refusing to release the security deposit, despite reminding them that it is neither their's or mine, but the tenants. They want me to pay the utility bill without reimbursing me the late fees and the $250 in cashier check to them now before releasing the security deposit.

Post: Former Property Manager not releasing tenants security deposits

Paul Kuhn
Pro Member
Posted
  • Rental Property Investor
  • Virginia Beach
  • Posts 70
  • Votes 34

Kitchen remodel was paid for, have a paid in full signed letter. 

Post: Former Property Manager not releasing tenants security deposits

Paul Kuhn
Pro Member
Posted
  • Rental Property Investor
  • Virginia Beach
  • Posts 70
  • Votes 34

The property manager had building utilities placed in their name and taken out of the monthly income. During the last statement, I paid out any deficiencies just prior to the end of our agreement. My wife dropped off the lockbox and picked up the keys and they refused to provide the security deposit(I would have resolved this in person, but I'm in clinical 16hrs/day). We wanted to terminate sooner, but they wanted to collect another month's rent, while in the meantime not doing anything for the property.

In the closing bills, they were also having me pay for their late fees in paying the utilities. I have no qualms, about paying for what is legally owed, though refusing to transfer the security deposit in the meantime is what I believe is illegal. My new property manager has been asking for the security deposit which I have none to provide him.

Post: Former Property Manager not releasing tenants security deposits

Paul Kuhn
Pro Member
Posted
  • Rental Property Investor
  • Virginia Beach
  • Posts 70
  • Votes 34

Wondering how I should proceed in my situation. I had a falling out with my former property manager when I asked them to do a kitchen remodel, when that remodel was partway done, the incompetence of the remodel showed, with glaring defects, illegal work, and skyrocketing cost. Shortly after terminating them from the kitchen remodel, our property management agreement ended (for the better as they didn't manage the property at all).

After the agreement ended, we signed a new property management agreement with a new company. The former company will not release our tenants' security deposits to the new company. How should I proceed in this situation? The property is located in Virginia.

Post: How to split/control heating cost on old triplex boiler

Paul Kuhn
Pro Member
Posted
  • Rental Property Investor
  • Virginia Beach
  • Posts 70
  • Votes 34

So I am now in the location of my rental, waiting to move in "knob and tube rewiring"... 

I received 2 estimates in the southeastern virginia area for 4 zone mini-split system.

One was $14,399 per unit or $43,197 for all 3. Forget the company, not mitsibishi

The other was $47,598 for all 3, or $15,866 per unit. Daikan 12yr manufacturing warranty.

My question is it worth spending that much money to install Mini-splits? Currently the units are 1700sq ft, renting for 1000-1100/unit, as a 2 bed 1 bath apartment. Currently renovating them to 3 bed 2 bath, and can hopefully get 1500-1600/unit due to their size. I feel like I need air conditioning to compete with the new apartment complexes built in the area, though my triplex is located in the historic district, which has its appeal and is much larger per unit.

Thoughts? As I can turn off the boiler then with the mini splits acting as heaters too.

Post: Morris Invest/Clayton Morris Invest

Paul Kuhn
Pro Member
Posted
  • Rental Property Investor
  • Virginia Beach
  • Posts 70
  • Votes 34

https://www.msn.com/en-us/money/markets/investors-...

Great news article, sorry all for the hardships all the burned investors went through.

High Return Real Estate has been a great experience for me in Indianapolis. Had some issues with the HVAC and plumbing which they reimbursed me for the repairs/charges. I would recommend them any day, and Lord willing hope to purchase more properties from them once I'm done with school. (for some reason can't tag HRRE, just learning how to tag lol)

Also @Jay Hinrichs thanks for your non-profit helping out veterans! 

Post: "Replace Your Mortgage" HELOC Strategy

Paul Kuhn
Pro Member
Posted
  • Rental Property Investor
  • Virginia Beach
  • Posts 70
  • Votes 34

American Financing does it in 49 states minus Texas, got a start on my application. I have to wait to pull my credit till I close on my triplex before another credit inquiry pops on credit report. Look forward to getting started on the program though!

All the All-in-Ones brokers seem to use the same mortgage company if you view the green symbol on your page "All in O".

Post: How to split/control heating cost on old triplex boiler

Paul Kuhn
Pro Member
Posted
  • Rental Property Investor
  • Virginia Beach
  • Posts 70
  • Votes 34

What was the cost for the mini split systems and how many zones? The units in the building are 1650 sq feet, was thinking about 4 zones per unit. Thanks Mike!