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2 November 2011 | 24 replies
I think those who don't complete their profiles and give credible information about their business should be prevented from participating after a certain grace period.
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25 March 2012 | 10 replies
I forgot to install a mailbox for my rental property (just bought a couple months ago) after fencing off the front yard and preventing access to the house mounted box.
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10 November 2011 | 3 replies
Ugh - taxes in NJ is whats preventing me from investing here at the moment.
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17 November 2011 | 9 replies
You have to make sure there are NO other liens or encumbrances on the property as that will hold things up and pinch your bottom line.If you are dealing with bigger lenders, like BOA, Wells, GMAC .. many of them have language in their approvals that will prevent a direct flip or back to back closing so you are likely going to have to hold title for some time before you sell to an end buyer.
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20 November 2011 | 12 replies
My apartments are 30 years old.I have a maintenance guy do unit checks every 2 weeks.Basically checks water heater,heater,outside unit,light bulbs,ceiling fans,electric,plumbing,etc.We have water included in rent so stuff like replacing springs and o rings in the showers to prevent drips and replacing flappers in toilets to keep the water from running all the time.Sometimes the shutoff valve at the wall for the toilet doesn't close all the way to off or the float mechanism goes bad.You can buy a water pressure tester at Lowe's for 9 dollars.Just screw it on check for pressure.Should read 60 to 80 pounds.If it's higher than that you have to find the pressure regulator valve next to the water cutoff for the unit and adjust it.After adjusting if the pressure doesn't go down to 60 to 80 you have a bad pressure regulator that needs replacing.The importance of this is pressure is set for the cities and counties at around 160 for the fire hydrants.If pressure is high inside the apartments it can cause leaking and premature failure of plumbing parts.On the insurance we are required for replacement value and can't do market value.
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10 December 2011 | 2 replies
Hud has master servicers for different regions of the country.They move their areas every few years to prevent internal fraud collusion.The listing broker can apply with HUD servicer and then they might or might not get approved.It depends on a ton of factors.The commission isn't great but you get VOLUME.
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13 December 2011 | 5 replies
Are there any liens that would prevent someone from selling a property?
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20 December 2011 | 31 replies
The owner of the upstairs and his lawyer are preventing me from doing so.
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26 January 2012 | 16 replies
We have found that putting an eyelet for the discharge hose into the drain line keeps the discharge hose from coming halfway out the drain line from the pressure and prevents leaks.If your washer is on the upper floors and not ground level it is a good idea to have a drain pan or a drain in the floor that is tied into the drain pipe for the discharge hose.Some tenants have older washers and when they go out the water is known to go everywhere.
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29 January 2012 | 5 replies
I always go into the home at least once a quarter to let them know that I am an active landlord and to also check for real damage, change HVAC filters (Because tenants rarely do and it causes a huge bill) and water damage / prevention (Caulking).