All Forum Posts by: David L Miller

Seeking someone for my taxes in the Lehigh Valley, PA for both tax strategy and filing taxes.  

Thanks!

Purchased property that has this exterior foundation problem. Does anyone know what it involves, hoW much to fix (approximately), and how emergent it is to fix?

The basement doesn’t appear to have any problems with cracking or anywhere in house.  

Thanks Raymond.  I will look at the links you sent. Im looking within 60 minutes of Lehigh valley towards schukil county. 

Hey Everyone,

I’m curious how everyone is evaluating market trends in territories they aren’t too familiar with.  I’m looking at areas within 90 minutes of the Lehigh Valley, PA and looking for a tool to see industry and market trends.  Any advice?

I need a new oil furnace.  The chimney needs to be swept and inspected since it hasn’t been in 4 years. If the chimney needs to be repaired does anyone have experience with electric boilers?

@Ronald Bowser

Thank you Ronald for reply.

@Ryan Chatman

Yes attic finishing

@Ryan Chatman

Thanks for reply. Will you get the same price/sq foot return for finishing the attic as it would if you were adding square footage on the 1st or 2nd floor?

Thank you for responses.  The property is in Alburtis.  The oil tank is below ground. 

Hey Everyone,

I just purchased and close in late August on my first rental in a suburb of Allentown, PA and have a few questions if anyone is willing to give their input. Overview: SFH 3BR 1.1BA, 14x20 unfinished attic with staircase (peak is about 6'-6.5', nice yard and parking for 3 cars in the back, it has a 8x10 storage shed and an outhouse looking shed on property. Oil for heat and window a/c. Plan on renting with tenant paying all utilities. Purchased at $145k, Appraisal $148k. Used a Heloc on my primary residence for DP and light rehab <$3k. Target rent $1500-1650

Oil tank has 1/4 in it to start.  How do you normally charge back oil and should I fill it to start tenant off?

Property has a lawn to upkeep.  Do you purchase a mower for tenant even though they are responsible to maintaining lawncare?

Window a/c: Do I purchase window a/c for tenant and then they maintain or let them provide?

Tenant will be paying all utilities and after talking with the borough the water, sewer and trash bill will be approximately $125/month.  How do you charge the tenant this on top of mortgage?  Do I charge a utilities fee monthly?

Attic: what do I do with this? It's a big enough area to finish the room ($5k-$6k) but ceiling height isn't high enough to make it a legal bedroom. Do I just leave it go and let tenant use as storage or finish the room and reappraise the house in the future to pull some of my HELOC money out?

Lastly, the yard has a nice 8x10 fairly new storage shed on it.  Is anyone charging additional rent for this as storage ($25-50/month)?

Thank you!