Pete Schlegel
Stock Certificate & Title reads "leasehold interest in property"
7 October 2022 | 5 replies
They might have been owned by a single family for 50 years and then they had the rug pulled out from under them.
Akeim Fin
Getting past Underwriting!! Second home is easier they said :/
12 June 2018 | 13 replies
Eventually someone will believe you, or sweep under the rug their suspicions.
Simon D.
Tenant Move out without proper notice and Damage to property.
1 February 2019 | 11 replies
After that throughout the year it was the dishwasher not working which i got fixed(which i had in the contract that any minor repairs he was responsible for however he withheld my rent until it was fixed), the rug for the stairs he stated became smoothed out and he wanted me to replace (which i did bc he claimed he, his wife and his baby sitter fell), other nonsense he Tried to get fixed were, light bulbs needing to be changed, lint finter, vent in bathroom "too loud" and fence had chipped..
Chuck K
Strategy for next 5 years: Sell Real-Estate and Buy Gold
8 September 2014 | 27 replies
Eventually gold producer's will have to hedge which will be a sell sign and once all the sheep start herding into an investment, Wall Street pulls the rug out form under them.Short term gold will not get much higher than $2200.00 and in five years it will unlikely be anywhere near $5000.00.
Jim Bruggenschmidt
Staging property for a flip.
27 May 2015 | 11 replies
Use floor rugs and towels to add color.
Jonathan Wildy
ok frugal rehab to renters.... I need suggestions
6 December 2015 | 12 replies
Easy to repair or replace, don't make it too nice or you'll be paying high dollar all over again after tenants trash stuff, use rugged materials.
Lamont A.
Can I dispute appraisal
2 November 2016 | 8 replies
I'm in the process of purchasing my next foreclosure and the bank called to inform me that they have to stop working on my loan because the appraisal came back stating the property did not meet C4 conditions and mentioned the place was in habitable due to poor floor covering(stained rugs loose tiles), holes in walls, urine smells and broken window panes.
Josh Bauerle
Outsourcing Landlord Duties Without PM
18 December 2017 | 11 replies
Bank of America just pulled the rug from under my feet by suddenly disallowing 3rd party cash deposits.
Keith N.
What are your best "hacks" as a landlord?
14 February 2018 | 17 replies
I think that showing them these things helps them to better take care of the property, and helps to reduce potential damage if a pipe breaksI schedule showings 15 minutes apartI waste less time driving to and from the property, and between applicantsThey see other applicants arriving or leaving, so they know there are others interestedI ask them to call to confirm at a specific time a few hours before their appointmentI don't have as many no-shows (believe it or not, there are still no-shows even when they called 1/2 hour earlier to confirm)I print our standards on the application (600 min credit score, 3x rent as income, no smokers, we do background checks, etc)Allows applicants to decide if they want to weed themselves outI encourage applicants to take the application home to fill it outI offer to pick it up at their home so I can see how they liveIt requires them to follow up and return it if they're interested, so I don't have to screen through people who apply everywhere with the shotgun approachIf they insist on filling it out on the spot, I call to confirm a fact from their application before further screening to make sure they're still interestedWhen they turn in their application, I tell them I'll be conducting background checks and ask if they have any surprises I'll hear about that they want to discuss.They've often told me about things that didn't appear on the reportThey've asked for the application back, said they wouldn't qualify if I'm going to do a background checkAll of my units have pass-through knobs and deadboltsThe tenant has to actively lock the door behind themThey can't lock themselves out by pulling the door shut behind themselvesAll of my units have been changed over to a master key systemI have one key that unlocks every door that I own, including padlocksInstead of replacing the whole deadbolt, I can swap out the core in 30 secondsNo more softball of keysI have a lock core in a different color that I can put on vacant units that are being worked on so I can give contractors a keyI have a standard set of 4 colors that I paint every unitIt makes it feel more like home if the walls aren't stark whiteIt doesn't cost anything extra to paint rooms different colorsThey're all earth tone colors that go with any furnitureWhen tenants ask if they can paint their unit, I tell them yes, but here are my standard colorsI've eliminated carpet - I use tile, snap-together vinyl laminate, concrete, hardwood (if it's existing) or linoleum (rarely)Tenant can bring their own throw rugs if they wantReduces allergensEasier to cleanI don't use the old snap-together pressboard laminate that would curl up with moistureI pay contractors as soon as I receive an invoice and I know the work is done to my satisfactionContractors don't want to chase down customers any more than we want to chase down tenantsI get a quick response in an emergency because they know I'm going to pay right awayI never say "no" - I always give them an option of how to get it donePets are okay, but there's a monthly feeIf a pet is sneaked in, there's a fine plus the monthly feeIf a pet is deemed dangerous to the property or neighbors, they can get rid of the pet or move outIf you're caught smoking, there's a large cleanup feeIf they want to paint, I let them choose from my colorsIf they're going to be late, the late fees are clearly definedIf they want to move in another roommate, that person has to apply and be qualifiedIf they want to move because they need more space, they can move into one of my larger units without breaking the leaseIf they don't mow the lawn or clear the snow, we can arrange to have a service take care of it at an additional chargeI'm sure there are other things I've added to my toolbox over the years, but this is a good list to start.
Eamon Sullivan
Buying in low income areas Help.
27 June 2017 | 14 replies
When ready to rent lay some inexpensive, and when the resident moves out disposable, area rugs in the bedrooms.