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23 April 2020 | 6 replies
Hi Jacob,It's probably not reasonable wear and tear, but it looks like a typical accident with this type of flooring.In many instances just the problem tiles can be cut out and replacements re-glued down.A good maintenance tech (with the proper type of floor in place already) should be able to fix this quickly.An owner doing it:a) Might not care much and disregard it.b) Freak out and want to charge you for a whole new floor replacement, not understanding tiles (in most instances) can be changed out if broken.c) call a fix up handyman who will charge time and materials (however long he takes to fix it using his own favorite method of fixing).and if it's a property managed either a), or c) but add to c) a (possibly) charge for the mangers time handling it too.The Click Lock type of flooring may take more time and effort (cost) to fix than the Tape or Glue Down.If the place is the Taj Mahal it will probably be more noticeable than if the place is more down on it's heels.And fixing means being able to get a matching piece (typically from extra ordered when it was installed, to use for just this purpose).If you are renting in a big professionally manged complex it's likely they will have spare tiles in storage for this use, and be VERY much used to replacing them.Here is one of the easier (quicker) types to fix.https://www.youtube.com/watch?
8 April 2020 | 2 replies
I do not believe values will dramatically drop since the Sunshine State will always be a favorite location.
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9 April 2020 | 12 replies
A house is OK but not my personal favorite.
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15 April 2020 | 11 replies
Also I know this was just part of the example, but I don’t put disposals in my rentals because I’ve heard a few horror stories about what can be sent down them by tenants (aquarium gravel and boot mud were my favorites).
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9 April 2020 | 3 replies
Then start reading the "favorite real estate books" that are mentioned.My best advice for anyone if I had to chose for them.- Cut your expenses- Save up some money - Buy a house that needs some minor updates, and beats the 1% rule for renting, in a decent area.Good Luck!
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12 April 2020 | 12 replies
(Appartments.com is one of my favorite resources when developing a basic understanding of the rent market of where Im trying to invest.)Private Inspections are a cheap investment and are another great resource on understanding if what you're buying is "lipstick on a pig" or a built to last investment.
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17 April 2020 | 33 replies
My goal is to own luxury apartment complexes down the road.My Favorite Business Book: Rich Dad Poor DadMy Favorite Real Estate Related Book: The Book on Rental Property Investing by Brandon TurnerHobbies/Interests: College Football, MLB, NBA, NFL, architecture, The Office, golf, surfingContact: I am very responsive to my email which can be found on my profile.Thanks a lot and I hope to meet and learn from some of you.
13 April 2020 | 8 replies
Self employed tenants are amongst my favorites.
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24 August 2022 | 166 replies
If all else fails, I suggest you take counsel from George Carlin, my favorite (warning: NSFW language):https://www.youtube.com/watch?
13 April 2020 | 23 replies
I suppose you could gamble and hope that your operating expenses are lower than 40%.