All Forum Posts by: Steve B.

Some of you guys need to stop saying “is it in the lease” and “check the lease”, As the default answer to every question. State law supersedes whatever arbitrary addendum a landlord may try to add to some random lease he printed on the internet. There are plenty of non-confirming and voidable lease clauses that are completely unenforceable by state law

@Kat Hughes some states require landlords to fix appliances when they break (Oregon). Other states don’t (Texas). Have them google that. Also a standard fridge costs $500 not $1,500.

@Josiah Sia so if I’m reading this correctly you gross about 180k a year but have 32k total in savings or less?

@James C Norman Jr we can have high inflation without a recession, which could be worse for investor RE than just focusing on a weak housing market.

@Gregory Schwartz Dave just gave you what’s probably your best option. It might make for an uncomfortable conversation but it is the only one that exactly solves your problem assuming everyone is acting in good faith.

I think @Jay Hinrichs is very accurate in pointing out the major costs of new construction. This is why I’m such an advocate of cheap, old, stick built homes as SFRs when you can find them in appreciating markets. There is simply no replacement stock coming on the market below the silly prices jay is talking about. I get annoyed when people blame “material costs”. The number one non-market related cost these days is simply government rent seeking throughout the build chain and superfluous revenueing through permitting. There is no reason anyone would build “affordable housing” given the inordinate fixed cost to break dirt. The government is now putting builders in a position that forces them to allocate high-end units as subsidized affordable housing. Guess who is going to pay for the net loss on those units?

@Chris Martin interesting, but don’t underestimate Dutch tulips, they have the same upside potential as Beanie Babies and Cabbage patch kids

@Chris Martin damn did that place get firebombed? It looks more like a rust belt SFR than a house close to you in the SE?

@Wade G. All new paint inside and out every 10 years?

@Norma E. Vega Sanchez. Be reasonable with her and Take photos and document everything, including texts and emails. If she keeps your deposit you take her to small claims court to get it back. Judges don’t look favorable on landlords pulling stuff like this. She will likely return your deposit as soon as she gets the court summons