Lisa Hoover
EVALUATING A RESIDENTIAL PROPERTY MANAGEMENT COMPANY
25 January 2017 | 3 replies
I live 40 miles away, so I called the owner of the biggest plumbing co in the city and he and 2 techs drpped everything to get to the property within 10 minutes of my call.I had put a garage outdoor access remote on the outside of the house.. they couldn't get in thru that because THE POWER WAS NOW OFF.Luckily i had put a coded door knob on the kitchen door that opens to the deck-- i gave them the code and they were inside instantly.The water heater was STILL SPEWING WATER full blast in a stream so strong it was hitting the second story ceiling and hitting the ELECTRICAL PANEL also located in the garage and that's what had knocked out the power .The plumbers immediately turned off the inside water main cutoffand sent me photos of the EMERGENCY SITUATION the pm so calmly let me know about by email an hour earlier.i fired the pm co that instant and got on the phone to start farm (my rental policy ins co) whiledriving an hour to the property.i also called the city's best WATER EMERGENCY REMEDIATION COMpany while en route.When i got there, the water was turned off ( finally)the drywall ceiling had fallen in, the light fixtures destroyed, the garage door open case was HALF FULL OF WATER and there were 1000s of mold blooms on every surface and hundreds of stacks of spiky growing black mold (looked like iron fiilings we used to play with in that game we all had as kids where u use a magnet and drag the iron filings around to put hair and a mustache on the bald guy cartoon photo) the mold spikes were 1.5" tall on the woot railings and stairs going into the house, on all of my beautiful built in wooden garage shelves--- what a mess-- like the streets of Beirut after the bombs went offand I don't have allergies -- but i could not even STAND inside the garage because the WET MOLD MILDEW SMELL was so strong it instantly gagged me and gave me a headache and i couldn't breathe.So here Ewe are on Jan 17 and now i know that the BEST rental dwelling policy dies NOT COVER MOLD REMEDIATION AT ALL ( so far $14,000) but it does cover water damage with a $2500 deductible...
JW Franz
Should I become the bank?
8 February 2017 | 20 replies
Until prices started spiking, my 20 year plan was to get to 60 homes, rent them till I turned 60, and then sell off 3 a year till god calls me :-) But the man I met for lunch is 72, has 100 SFH Notes and Mortgages, and now does HML on the side with his 'zero' management financing.
Lisa Hoover
WHAT TYPES OF INSURANCES SHOULD A LARGE PM COMPANY CARRY??
31 January 2017 | 1 reply
I live 40 miles away, so I called the owner of the biggest plumbing co in the city and he and 2 techs dropped everything to get to the property within 10 minutes of my call.I had put a garage outdoor access remote on the outside of the house.. they couldn't get in thru that because THE POWER WAS NOW OFF.Luckily i had put a coded door knob on the kitchen door that opens to the deck-- i gave them the code and they were inside instantly.The water heater was STILL SPEWING WATER full blast in a stream so strong it was hitting the second story ceiling and hitting the ELECTRICAL PANEL also located in the garage and that's what had knocked out the power .The plumbers immediately turned off the inside water main cutoffand sent me photos of the EMERGENCY SITUATION the pm so calmly let me know about by email an hour earlier.i fired the pm co that instant and got on the phone to STATE FARM (my HOMEOWNERS/rental policy dwelling ins co) all whiledriving an hour to the property.i also called the city's best WATER EMERGENCY REMEDIATION COMpany while en route.When i got there, the water was turned off ( finally)the drywall ceiling had fallen in, the light fixtures destroyed, the garage door opener plastic case was HALF FULL OF WATER and there were 1000s of mold blooms on every surface and hundreds of stacks of spiky growing black mold (looked like iron fiilings we used to play with in that game we all had as kids where u use a magnet and drag the iron filings around to put hair and a mustache on the bald guy cartoon photo) the mold spikes were 1.5" tall on the wood railings and stairs going into the house, on all of my beautiful built in wooden garage shelves--- what a mess-- like the streets of Beirut after the bombs went off.and I don't have allergies -- but i could not even STAND inside the garage because the WET MOLD MILDEW SMELL was so strong it instantly gagged me and gave me a headache and i couldn't breathe.So here we are on Jan 17 and now i know that the BEST rental dwelling policy does NOT COVER MOLD REMEDIATION AT ALL ( so far $14,000) but it does cover water damage with a $2500 deductible...
Kristy Farmer
Financing a lot development and purchase of lots - RV
2 October 2020 | 7 replies
Our coast was impacted by sally but should see a spike in listing in the next few months with ban increase in prices (most likely).
Andreas W.
Incentives for lower water usage?
20 March 2017 | 29 replies
A spike can mean a leak or it can mean an unauthorized occupant has moved it.We installed water conservation shower heads and faucet aerators.
Troy Miller
CRE Market Expected to Hit its Peak in 2017
17 February 2017 | 0 replies
The big news in 2017 for the office market is that we’re expecting a 55% spike in construction deliveries, increasing from 58 million square feet of new office space in 2016 to over 90 million square feet this year," said Page.On January 1st of this year, there was a total of 138 million square feet of new office space under construction.
Eric B.
Copy of Lease to Start Trash Service???? Really?!?
14 May 2015 | 11 replies
I like getting copies of tenant utility bills because I can spot problems early on, such a tenant getting behind on their bills or an unusual spike in service use.
Andy Webb
Advice on Bradford Pear in TX - 3 strikes your out?
13 May 2015 | 7 replies
They also have a tenancy to send shoots up from the roots that burn up before they can mature leaving lots of 2-3" tall spike like sticks in the ground.
Daniel Miller
Scarce MF Deals in Tampa/St. Petersburg Area
21 May 2015 | 8 replies
I think the Down Payment Assistance that the Federal Government is doling out to the states has artificially spiked house prices in the $150-$225,000 range.
Edmond Claessens
Our first flip in Idaho!
20 May 2017 | 20 replies
I researched numbers of previous years and there seems to be a spike around this time before more houses come on the market and things settle down.The icing on the cake was that there was very little in our price range in a 2 mile radius when we came on the market.