All Forum Posts by: Charles T Grimes

This is a question about an issue I'm having with my landlord but also as a prospective landlord. 

Do dogs attract rats? 

If a rodent company inspects a house for rats and says the house needs to be sealed and they can't guarantee their work if it's not, who's responsible for paying those fees?

Back story: I just came back to California from a week and a half vacation and found rat poop in my kitchen. (I reported a rodent problem to my landlord shortly before I left and got a rodent company to look around. He put out some traps but said unless we got the house sealed they couldn't guarantee their work.) Now that I am back I got a different company to come out and look. He did a better job looking and found three areas where the rats look like they're coming into the house. He said the house needed to be sealed and it would cost $900 (Which I thought was bit high). He then said they would have to clear out the nest and clean all the poop from under the house. They are going to send me a full estimate tomorrow. I talked to my Landlord about it and he said it's because of my dog that we have rats. 

So my question is

1) Do dogs attract rats? We clean his poop daily and even spray down the rocks where he poops weekly.

2) Who should be expected to pay for the sealing of the house (the $900)? Should this fall on the tenant or landlord?

3) Who should pay for the rat removal? 

In the 7 years I've had this dog I've never had a rat infestation in my home. I've rented for 5 of those 7 years and never a problem. The 2 years I owned a home with him in it, I didn't have a problem. 

I just want to get you guys opinions. 

In your experience is the lack of competition in downtown Miami worth the headache of wading through the regulations (city and HOA)?

 I would love to join that meet-up! Unfortunately I am traveling back to California that day. I will look up the Airbnb Hosts South Florida group and hopefully be able to join a meet up in the future!

Thank you for the advice! I will study the market a bit more but it is definitely a goal to get a STR in Miami.

 I've heard this before (Avoid big banks). Other than flexibility, is there a major reason so many people recommend not going with big bank names?

Does anyone have any information/experience in STR in Miami? I keep hearing that the HOA's there do not allow STR and there are a lot of restrictions from the city as well. Does anyone know more about this?

Per the numbers you have run on them, do they seem like they would at least pay for themselves? If I just want a condo in Miami, for example, and don't particularly care about the income, would it work to pay for the condo?

Good Day ALL!

I have a goal to, at least, start putting offers on properties within the next 60 days, and close on an investment property in the next 90! I wanted to get pre-approved for a loan to see how much I could be approved for and man, there are so many lenders! 

What are some good lenders that you have used that did such an amazing job you would send a rookie to? I mean, imagine I'm your brother, the one you like.....or love, or a son or someone else you really like and don't want to fail. What lender would you recommend that person to?

Currently I'm looking for properties that I could get into a BRRRR. I'm looking at Florida mainly because that's where my family is and I hope to get back to some day.

Thank you in advanced for any direction!

-Chuck

I had question that popped into my head when I was reading about house hacking.

I get the idea is to buy a multi family house and live in one of the units while the tenants of the other units pay the mortgage (overly simplistic, I'm sure).

My question is, has anyone ever done this and have issues living in the same building as your tenant? I don't know why but I feel like there may be some unique challenges to this.

Good day all!

I'm brand new to BP and real estate investing. I'm in the education phase and have a goal of buying my first investment property this year!

I currently live in California but will probably look to invest in Florida since that's where I'm from and hope to move back to soon.

My 5 year goal is to earn enough passive income to be able to quit my job and spend more time with my family while traveling where I want, when I want!

Can't wait to learn more and get started investing!

- Chuck

Simple!

Step 1) Learn how to invest in Real Estate!

Step 2) Invest in Real Estate!

Step 3) Expand my portfolio!

Step 4) Never again trade my precious time for money in a 9-5.