Mitchell Hein
New AC unit
10 October 2024 | 25 replies
The electronics package is very sensitive to fluctuations in electrical supply.
Kenneth C.
Post Eviction (Cut Utilities)
4 October 2024 | 12 replies
My friend scheduled for the electricity to be turned off after the tenant assured them that they would be gone by September 30.
Devan Dorzok
beginner mistakes to avoid
6 October 2024 | 36 replies
I tried to estimate 20% higher on repair costs since i do not have a wealth of experience estimating yet, there is some minor water damage, and some heating and electrical that needs to be replaced, which is where most of the expense came from.
Dee Mandrekar
New to Section 8
6 October 2024 | 7 replies
@Dee Mandrekar highly doubtful there's such a big difference between market rent and S8 rent.First off, the GROSS S8 amount includes specific amounts for all utilities - electric, gas, water, trash, etc.We do NOT recommend including utilities in the rent because S8 only pays a certain amount and the owner is then exposed to tenant abuse of utilities.
Tanya Maslach
Advice on deal in Denver
6 October 2024 | 5 replies
What's the condition of major systems like plumbing, electrical, and roofing?
Eric Mensah
AC replacement cost in Kansas City - MO
30 September 2024 | 2 replies
It kept running out of refrigerant after refills and now the entire system just shut off. 1.
Albert Johnson
Tenant wants to remove light fixture
2 October 2024 | 10 replies
Ceiling fans need to be secured differently than a basic ceiling to be stable and this is of course electrical work so allowing a tenant to potentially do it is a liability issue if they got injured. 2.
Kyle Reynolds
Should I Sell or Rent Out My Home? Weighing Investment vs. Cash Flow Concerns
2 October 2024 | 9 replies
I’m moving out of the house soon and will be living rent-free with my wife at my parents' place in the Bay Area due to some recent life changes.Here’s a breakdown of my situation:Location: Sacramento, CA (4 bed, 2 bath, recently renovated)Current mortgage payment: $3,940/month (including escrow)Mortgage balance: $475,000Current home value: $515,000 - $535,000 (based on comps)Rental estimate: Property management companies are quoting $2,600/month (with fridge/washer/dryer included), but some websites suggest it could go for up to $3,000/month.Planned budget:$540/month for capital expenditures and maintenance$100/month for lawn careTenant to cover utilities (gas, electricity, water)7.5% vacancy rateWe bought the house thinking it would be our forever home, but with our current situation, I’m trying to figure out the best long-term plan.
Darnell Robinson
DSCR loans for $50-$80k purchase price
6 October 2024 | 33 replies
Old electric, just all the issues.
Bruce Woodruff
Old wood (houses) are better (From FB)
1 October 2024 | 2 replies
A good rule - as long as the plumbing and electric has been updated, a well-built home from the mid-20th century is a better investment and will likely outlast a newer build.Credit to the respective author