All Forum Posts by: Craig Janet
Craig Janet has started 1 posts and replied 220 times.
So you're going to go on the MLS and make a low ball offer with no intentions of buying it. Then you are going to sell that contract to someone else on the MLS for a higher price within a few weeks? Why would any seller accept your offer? What are you going to do if you can't sell the contract?
Post: PM sending repairs off to his own company for enormous markups!

- Posts 223
- Votes 261
You have to manage the property managers. You should be informed and reviewing all the repairs or at the very least reviewing it monthly. PMs have no incentive to save you money on repairs no matter who they use. Do you think a PM will call and meet multiple plumbers for bids or just accept the first one to get it done asap? We need specifics on the charges, it may not be as bad as you think.
Post: Water Bills Getting Ridiculous.. What do I do?

- Posts 223
- Votes 261
It's most likely a toilet or several toilets running. It's barely noticeable but can really add up. Change the flaps they are less than $5 a piece and fail over time. That would be the simplest and cheapest fix to try before moving to some of the more expensive options.
Post: Buyers agent rude lost deal for his client

- Posts 223
- Votes 261
So what are you going to do if the next realtor is rude? Are you going to weasel out the deal again? Delays in closing are very common. Think about the buyers. They may have found their dream home and now they are stuck with this realtor. You are canceling the sale because of some words you didn't like.
Post: Tenant threatens to sue me for $20 000

- Posts 223
- Votes 261
Can you just get a bigger window unit. They make them up to 20,000 BTUs that would make most apartments cold as a meat locker. You may have to do some electric work. Even a 115 volt 12,000 BTU should keep it well below 90 degrees.
Post: Tenant wants me to buy a bigger refrigerator

- Posts 223
- Votes 261
You should have never replaced a working fridge in the first place. She complained once and you caved, that's why she's doing it again.
Post: Tenant has the money but will not mail rent

- Posts 223
- Votes 261
She isn't going to pay you if you drive there. She will have a good excuse at the last minute and ghost you. Save your self 6 hours of driving and proceed with the eviction.
Post: Is it a bad idea pay off credit card debt with my 401k?

- Posts 223
- Votes 261
First of all, you need to pay off the credit cards anyway possible before you invest in real estate. You are probably paying 10-20% interest. That's a pretty difficult return with any investment. I don't like 401K loans because you can no longer "contribute" and take advantage of the employer match (at least with my company).
Post: Losing a tenant … quiet enjoyment

- Posts 223
- Votes 261
You have to control your parents. If you can't, get you some roundup and take care of the plants.
Post: Would you buy a home with solar panels

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- Votes 261
I'm not too familiar with solar panel installation, but I assume they are bolted down with at least some 1/4 lag bolts maybe larger. So yes new shingles would have to be installed. Caulking would be a leak waiting to happen.