Kyle Meyers
Letters from Indianapolis Water
15 July 2011 | 8 replies
in nc, the government can't force the property owner to pay a tenant's bills (thank goodness)...however, my lease says that if utilities are cut due to nonpayment by them, they're evicted..i don't want tenants living in my properties without running water or power..i'd be giving them notice...and i hope i'm wrong, but i wouldnt' be surprised tmrw if you come back on here and say they haven't paid yet...i get that line from tenants all the time..but hopefully, tmrw is payday for them (friday), and they willtake care of it
Chuck K
Getting started in real estate investing-Need advice
26 June 2011 | 7 replies
Again, stay involved in every aspect and learn learn learn.One of the most powerful lessons in any business is, know what you are great at, and hire great people to do the rest.
Joel Owens
Water damage to unit...What would you do??
7 July 2011 | 5 replies
So my mom rents a 1 bedroom of a 6 unit building.She is on the ground floor.My mom is older so the size is manageable for her.3 days ago she calls me.Apparently the ceiling in the den in back is leaking.I go over to take a look.The leak is right in the center of the room above a ceiling fan.I immediately turn off the power for the breaker switch to the back.My mom calls the landlord and apparently the tenant upstairs washer implodes or leaks etc. and water is all over their floor.The landlord says he has stopped the leak but that it's 1 a.m. in the morning and he can't run the shop vac until the next day because of the other tenants.So over the last 3 days the landlord hasn't even came by my mom's apartment.I took digital pictures of the damage and we tarped the floor and furniture and have 2 buckets to catch the water.Even though the leak has stopped (according to him) it is still dripping slowly into the buckets.Half the ceiling I would say in the back about 3 4 by 8 sheets are sagging and some parts have fallen down and the insulation is exposed.I told my mom that the ceiling fan will have to come down,the electrical wiring inspected,the ceiling areas with damaged pulled down,and the insulation taken out.The area will have to dry and then put back insulation,drywall,new ceiling fan and finish.I am watching this guy like a hawk to make sure he doesn't rig it.This has happened in some of his other buildings with a pipe leak and he let it "dry" out and rigged it.The other tenants complained of being sick and having mold in the unit and moved out.This guy has another business and self manages about 20 units.I am concerned for my mothers safety.The last thing older people need is mold and mildew issues for their lungs.He will repair in the correct way.If he does not I will have no choice but to take to court as my mom's health is paramount.I ma hoping he will do the right thing as he has in the past.I can't get over the fact it's been 3 days since the incident and he still has not fixed it or checked the electrical.If this was my building I would handle it immediately.Just wanting to get others take on this and what you would do.The buildings are 20 years old but in a nice,safe area and my mom likes her neighbors.
Kyle Meyers
Pay Rent or Quit. What does Quit mean?
4 July 2011 | 6 replies
It is truly up to the court in its equitable powers to determine what they will award you in damages.
Sharad M.
Managing contractors
10 July 2011 | 27 replies
As far as HD, my discount came about thru sheer purchase power, and frustraction over exactly what you said. i myself was going thru supply houses, and was building 4 apartment complexs at once (scheduling crunch) and i ran into an issue where 3 of my supply houses ran short on materials I had already ordered, and I got held up due to there inability to keep material flow.
Philip Bourdon
The Need for Success Track Record for HML/Private Money?
23 July 2011 | 6 replies
If a lender is not clear about costs and fees upfront, find someone else.For your first deal you will find yourself paying more for your inexperience, but over time you will find more lenders and will have more negotiating power.
Shane X.
Need too be pointed the correct way
15 July 2011 | 4 replies
That is the power of this community.After you have read and engage in conversations in these threads for 2-3 months, you should have a real strong understanding of how the game is played and what it takes.
Trip B
Man get $330,000 house for $16! (YMMV)
7 February 2012 | 12 replies
Since he was squatting, he wasn't allowed to turn on power at the home.
Dave Mason
WordPress
11 May 2015 | 30 replies
in fact wordpress is powerful and can be used on real estate with all flexibility needed... you just have to choose the good theme!
Jim M.
Forgot to get HOA approval for paint colors
30 October 2021 | 19 replies
They really have most of the power.