All Forum Posts by: Bill B.

It’s “on the market” and you still think it could be a year before you close? Anything over 30 days is bad, anything over 60 days is a problem. 

If you dropped the price $100k you’d save $35k in “interest” and $35k or more in income taxes and only cost yourself $30k or less. 

Ps. You probably have to put a “due date” on the $135k. It turns in to a bad deal if you decide you can’t or don’t want to sell and the lender borrows you $100k for 10 or 20 years for $35k in interest. But then the downside is you lose even more money if you have to fire sale to pay off this new lender.  But being a 2nd loan on your primwry home they’ll be even more scared of you declaring bankruptcy choosing not to sell. No judge is going to make them.  Good luck. 

The same lender you used? Or if you paid cash seller financing? Offer it tot he entity that owns over 50%? They’d pry be excited to extend their control. 

Would it be allowed, and could you make money if you combined 2 pairs of units into bigger units and converted the building in to a fourplex? (Maybe you could collect almost as much rent, reduce vacancy, and supply a less common product to the market. (As well as reducing parking, noise, etc.) Or would these codes also apply to a 4plex in your market? (I know some markets only apply certain fire code, like sprinklers, to buildings with 5+ units.)

As mentioned, you’re essentially collecting over market rent for waiting what, a week? Two? If you don’t like it simply increase the rent $100 or $200/months and tell them it’s because of their late payments. Either they’ll 1) Fix their behavior, and you can lower the rent back down, 2) Not change and you’ll collect the higher 
late fee you want” 3) Move out and let you find a better tenant as you don’t seem to be willing to just non-renew them. 

The alternative is to hire a PM and let them deal with it. Good luck. 

The units are not the cost, it’s Freon, labor, insurance, PROFIT, etc etc. 

I purchased two 3 ton units last year for less than $2,000 each. Freon, delivery, install/remove labor, etc etc. Added another $1,600 each. $7,200 total. I know the unit cost because I use a guy so small he can’t afford to front the unit cost. So I put them on my credit card. 

Ps. I emailed one of those ‘become an ac tech websites” about their classes. It wa almost $10k for less than 2 months of training. Basically AC college. But maybe a way for someone to get started. 

Have you talked to a PM? They could easily pay for themselves with less vacancy. If you reach out they may say yup, slow season, nope you’re priced too high, oops, your photos are bad or what they show is bad, you need to fix this or replace that, or you aren’t advertising on this popular website.

You know what they say. It’s the price, the condition, or the advertising. (The quality or subject of the pictures or websites you’re advertising on.)

Hopefully you’ve been paying to play PM and they can get you more yearly net rent while you do less work. Good luck. 

They really couldn’t look at the affordability problem and then the requirement to spend more on building with sustainability in mind and see the conflict?  I do guarantee they will pick the environment over the people though. So sustainability will get slowly better and affordability will get slowly worse, and worse, and worse. Mostly because they won’t be allowed to build, because that of course is the most “sustainable”. (Their definition is sustainable for the planet, not the people, obviously…)

hey make sure we throw in more regulation, more permits, more fess, raise the minimum standards, along with the increased energy efficiency that shoudl really lower the cost. 

There is not. Feel free to click on the magnifying glass in the upper corner and you can see the previous discussions. Unlike many popular topics asked weekly, this is more like every month or two. 

TLDR: They don’t add as much value as they cost, they can make sales harde, if you charge the tenant for electricity there’s no benefit to them, if you don’t, there’s no benefit to you. So you spend money for zero return that might diminish the value of your property. 

If you live in one of the 4-5 states with expensive electricity and plenty of sunshine and plan to live in your current home for AT LEAST 10, preferably 20 years you might see a personal return. At least you can signal to others your’e better than them. Whatever you do, DO NOT sign up of any kind of lease or power purchase agreement. This will literally lose you money over time and more so if you ever try to sell. 

There are 1000’s of rentals with their exact address listed on Zillow (and the 5 or 6 other competitors.) in your market right now. Maybe it’s a problem in a C/D neighborhood? But those thieves already saw the U-Haul and they know it’s empty. 

When the cable guy comes to our place he puts “booties” on over his shoes. He does this even though he has to take them off and put them back on several times as he enters and leaves the property trying to fix a problem. Heck, there are open houses in Vegas (Think almost zero rain or snow.) where you have to take off your shoes or wear booties to come in. 

What if you arrived at a friend or relative’s home, would it be weird then? If a friend came over to your place and kept his shoes on would you think it’s weird? What if it was raining or snowing outside or their shoes were just dirty?

1) You save the fight over the security deposit when the tenant says you made the stain because you worse dirty shoes in to the property. 

2) Consider hiring a handyman in the future. They’ll be used to the request, it’ll be a tax deductible expense, you’ll free up personal time, and it will protect you from any lawsuits regarding theft or injury. 

Be grateful something this minor is even an issue to you, that’s a good sign. And Good luck.