All Forum Posts by: Aaron Hunt

Don't forget the California Bay area rent control laws, in addition to the relocation fees! Also, if you have a building 16 units or larger than you are required to have on-site management and pay them - including the payroll tax hassle.

I have relatives with units in California and read their landlord newsletters. Landlords need to work together to oppose unfair laws.

This is why honest people who understand economics need to run for office. This is why I am running for office and am taking a pay cut to do so. Having never served in the military, it's my chance to give back.

On-site management?! Dafuq.

That’s ridiculous, are Californian’s innately whiny or something?

1 Vote

Originally posted by @Michael P.:

Maryland is a blue state? I consider it a red state (communist/socialist) lol

If you look around in Gaithersburg/Wheaton/Silver Spring you’ll know why it’s a blue state.

Don’t let the most recent Governatorial election fool you. That was a one-off situation for sure. And also a result of the last Governor being a goofball (met him personally).

0 Votes

*subscribed*

1 Vote

Yeah, it’s frustrating to deal with as a landlord but you gotta know to screen out tenants who use more than 4-squares of 2-ply. Are you sure its not 3-ply? I hear Charmin Soft doesn’t clog as easily as Charmin Ultrastrong. From one landlord to a toiletlord, it’s called toilet paper for a reason. Also subscribe them on Amazon Prime to metamucil for good measure.

6 Votes

$1600 is off, way off.

0 Votes

It's a very unique city in that all property goes from at best, Class B during the daytime to a Class D at sunset, haha.

Only joking. Good luck!

0 Votes

Areas to avoid: Baltimore

5 Votes

Nice! From SFH owner to remote multi-family owners!

0 Votes

Originally posted by @Isaac Trevino:

I have a property I hope someone can help me think through.

4Plex

255K Purchase Price

2,850 Gross Income

2,110 Payment including taxes and Insurance..

I want to live in one and rent the other 2. So gross would be like 2150 or so. Should I go for it? I'd almost live for free..

I'm putting down 3%

Live in one, rent the other 2...or 3? (4plex, not a triplex, right?)

Seems like a solid house hack. Make sure you got some reserves in case you need to spend a little to fix it up.

1 Vote

Originally posted by @Peter Sanchez:

I saw on another thread that in CHICAGO you have to put the security deposit in a separate account and mail them the interest annually. So on a $1000 security deposit if you don't mail them their .05% percent ($5) yearly,you are liable for 3x the security deposit.

Yes, if you don't mail them their $5 check, you owe them $3000. Completely absurd!

I believe Connecticut may be similar situation but don’t need to pay interest out annually.

I recall I had an issue where my landlord was out of the country for an extended stay and did not return my security deposit with interest within 30 days of my move out. I was owed 2x + interest. I was getting ready to go to small claims but their son finally paid up the initial deposit so I let the rest slide. My security deposit was $2800, so they would have owed me a little over $5600.

2 Votes

All Forum Posts by: Aaron Hunt

Aaron Hunt has started 10 posts and replied 645 times.

Post: Cities in America with the WORST Landlord Tenant policies

Post: Cities in America with the WORST Landlord Tenant policies

Post: Househacking Landlord with Tenant Problems

Post: Tenant Clogged toilet and flooded bathroom causing water to leak

Post: FIRST DEAL! Confusing situation, numbers loom good!

Post: Multi family in Baltimore

Post: Multi family in Baltimore

Post: First Multifamily Purchase!

Post: Is this a good househack?

Post: Cities in America with the WORST Landlord Tenant policies