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17 January 2024 | 27 replies
@Michael HooverAnother property category to consider might be land - buying under-market from distressed sellers or tax sale/foreclosure auctions, then selling with owner financing: cash up front from the incoming buyer, then a monthly cash flow with no tenants or toilets for a few years, then a chunk on the back end when they pay you off.
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26 September 2022 | 3 replies
This is the simplest method, but it also means your tenants are more likely to abuse the utilities by leaving windows open with the heat or A/C running, leaving lights on, ignoring the toilet that constantly flushes on its own, etc.3.
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13 June 2019 | 58 replies
I have 2 spare water heaters in the warehouse, I have spare stoves, fridges, and a few faucets, toilets, tons of shark bites, etc.
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21 April 2023 | 11 replies
Worst case a subpanel may be required.Water / Sewer - for your added bathroom (assuming) you will need a min. 3" sewer line for the toilet.
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14 September 2021 | 35 replies
A leaking toilet not only sent my water bill through the roof, but the contractor had not tightened the toilet properly, causing it to leak through the floor into the covered porch below.
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16 March 2022 | 16 replies
They didn't intentionally destroy it but one of the girls told me one of the others had a bunch of animals that she never took out and were just doing their business inside and i know they overflowed the toilet so badly once that it came all the way through the ceiling downstairs.
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20 December 2023 | 11 replies
They say the toilet is running so I will be checking this- The lease is up and they wanted to leave as they have 2 kids now and they said the place (2 bedroom) was too small- As this constitutes a break in the lease - in your opinion have they sacrificed their deposit?
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26 January 2024 | 29 replies
Of course the other alternative is private lending which you should be able to make a healthy 12-14% on without tenants and toilets.
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3 May 2018 | 25 replies
These are the following Repair or Replace recommendations from the Inspector:Concrete Stepsfascia around the perimeterclogged drain or flooding potential by drivewaysigns of water intrusion noted in the basementaging signs on room (Potato chip constancy)cracked shinglesNo metal chimney capChimney flashing leakingdrywall cracking in Living room of unit 2Flooring in Kitchen unit 3 is damagedThe ignitor for the oven in unit 4 requires replacement.The toilet in the bathroom of unit 2 is leaking.
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22 May 2020 | 26 replies
Change the locks, start your renovations while they are there, hang dry wall and sand it, notify all the neighbors to keep an eye out on the property and to call you if they see any issues, make sure the toilet flashes, sometimes something gets stuck in the vent line, like a bird or tennis ball that causes a problem, replace the water lines (this requires no water service until completion).Sell a "wolf ticket" meaning to sue them, or other threats...