All Forum Posts by: Amie D.

No, I'm not that close, the cost of gas plus my time is equal to the install fee...

Property manager says SFR tenants report dishwasher won't start and has a burning smell. He just wants to replace with new: $300 + install fee.

Is it worth getting a repairman in there to look at it or usually just replace. Dishwasher is probably 10 or so years old. Thanks!

Yeah, we'll see how it goes! Thanks for all the info everyone.

@Richard Sanderson, well first of all I wouldn't "lie" in the first place just to get my property taxes lowered. Second, on talking to my sister today, I recalled that we refuted a property tax increase on my Dad's house that we inherited and used recent sales, and it passed and taxes were lowered. I also just checked the county documentation, and they also list "recent sales" or a current CMA done by an agent as valid supporting documentation.

I'm just going to submit the documentation I have as evidence and hope for the best, can't do much more than that.

Thanks all!

Well, I guess no risk no reward, so the saying goes. The comps the Realtor gave me are recent, as well as the argument for the large % increase in value in a market that has not particularly appreciated.

Appreciate the advice!!

I received comps and they are lower than what my house was assessed at, and I found out how to submit an appeal. Is there a possibility that they could still disagree with the comps I submit and raise it anyway, especially even higher than what they've already raised it?

The realtor said there was one house that sold for $20K more than what they assessed my house value for back in May, which they probably based my value on, but that house is also much larger than mine.

Thanks for any info!!

Ok - thanks!

Hi all, I bought a small 2/1 SFR foreclosure for $12,900 in KY in 2009 that I renovated and is now a rental. The past several years the tax assessment has stayed at my purchase price as this area has not appreciated as other parts of the nation. Then this year they jumped my property value from $12,900 to $40,000.

I'm having an agent I know run some comps of current sales, but on it's own that is representative of almost a 30% per year appreciation rate or a 300+% single year increase in a market that is not appreciating. To be fair, it is would be worth more now that the renovations are done, however I'm told they do these evals as a "drive-by appraisal" so basically would not know what I have done anyway.

Is an unrealistic rate of appreciation a fair argument against the jump in property tax increases on a foreclosure? Or, is it typical that they just disregard a purchase price on a foreclosure after a while and set their own property values, as they appear to have done here.

Thanks!

Ok good call, thanks. This is my first year with this property management company so I couldn't remember, but I just re-read it and the tenants must give 30-days written notice of moving out, otherwise the lease goes month to month. My other SFR is in a college town with a manager I've had for a while, so the schedules in both situations run differently.

Thanks!

I did a search but did not find anything - feel free to point me to a thread if I missed it.

How soon before lease expiration on an SFR do you ask your tenants (or require them to let you know) if they are renewing?

I have tenants on a 1-yr lease that ends at the end of February. The property is located outside Cincinnati and so winter is a slow time to get new renters. I asked the property manager in November what they typically do, and she said they would touch base with them in January. I asked her to let me know about a week ago when she had talked to them, but haven't heard back.

They are a younger couple and were upset early on because I would not let them paint (blues, purples, oranges), they've been paying on time but haven't heard anything + or - from them since then so it could go either way.