v=53h7M3_FKvgI think I'll be packing heat to the next REIA.

There is a heated movement presently among judges regarding what can and cannot be construed as liquidated damages on an owner finance transaction.

It's not personal, it's business, and you won't be successful if you can't take the heat and enforce your leases.It doesn't matter how much money you have or don't have, yada yada yada, blah blah blah.

I did back out of the 11 unit, but the 7 units I mentioned have to tenants paying electric while the landlord pays heat.

For example, I have some condos in which the building is upgrading the original heating system to a high efficiency heating system this year and it's basically going to cost me $1,200 for each unit I own.

I recently bought a brand new central heating furnace online for less then $600.00 including free delivery, so you better shop around.

Now does the 50 % expense rule that applies to old houses involves heating and electric expense ?

Possibly expensive things like AC/heat, electrical, plumbing, foundation, termite damage, mold, etc.Why not inspect it with a contractor or inspector?

I would 'look' at the heat/furnace efficency,water heaters type size and location,,gas supply,,electrical (very closely).Generally older units have dated equipment,,,generally replaceable at a cost,,,but cost is cost.

Hello,92% occupancy today, all separated (heat and electric), Laundry facilities in each building, house is in good shape, needed no maintenance today, I forgot, there are 40 garages in the back of the buildings plus plenty of parking, rents between $430-$450 (one bed) and $460-$495 (two bed)-Uwe