All Forum Posts by: Derreck Wells

 I've heard of, but not encountered, tenants basically starting a laundry service for their friends/families if they have machines in their units. Their friends are paying $4 per wash, they'll charge them $2. They do this especially in units where they don't pay the water/sewer bill. Just something to consider.

I'm also available to delead those units for you if you need them done. 

Derreck

 The easiest way would be to contact the inspectors listed. I will tell you the the units done in 96 will probably be a problem. I'd be willing to bet that the database says "No hazards found". In the 90s it was common for the inspector to list it as none found so they could just tell the homeowner what needed to be fixed and allow them to fix it without hiring a deleader. The problem there is that upon reinspection, there will be evidence od deleading work having been done and since there were "No hazards found" originally, why use deleading performed? Upon reinspection, it would probably be tagged as unauthorized deleading and you don't want that. The units would need to be un-deleaded before you have a reinspection done. If there's any evidence of scraping on doors, for example, I'd recommend replacing those old, warped, drafty doors with nice, new, tight doors during your renovation. Then have the reinspection done.

If the database says "Violations Found" there should be more entries that say "Reinspection Done" and "Letter Issued" or words to that effect. If there are no entries beyond "Violations Found" than it was never deleaded and would still need to be done.

You should have the units reinspected every turnover, it's called a Post Compliance Inspection and it just gets it on the record that the unit is still in compliance. It's the best way to protect yourself from a lawsuit.

Welcome to Bigger Pockets Brian!

How you finance your project would depend on what you plan to do. 

Personally, if I had $150k cash in the bank, I'd buy and flip a property with it, turning that $150k into $250k, then repeat. After 2 or 3, the original $150 is back in the bank and I'm playing with "other people's money" so to speak. I'd continue building the bank like that, then I'd buy some multi's to hold. My retirement would be managing and maintaining those multi's. 

This is actually my goal in life, but being a single dad with custody of my 2 kids, getting that $150k in the bank to start with is much easier said than done. 

Save my contact info, when you buy a property, I can check to see if it has been de-leaded already, and if not, I can help you get it there. Also, if you want to partner up and put that cash to good use, I'm also open to that! :)

Hi Jennifer, welcome to the forums!

The million dollar question no one has thought to ask yet is this...

How did the landlord know the heat wasn't on before he broke in?

The million dollar question no one has thought to ask yet is this...

How did the landlord know the heat wasn't on before he broke in?

Welcome to BP. 

If you guys find houses you're interested in, hit me up and I'll let you know the lead paint status and if it still needs to be dealt with. It's good info to have before you make an offer on any property. 

Basically all rentals in MA have to have a lead cert on file. You can't rent to families with kids under 7, and you also can't descriminate against them and not rent to them for having small kids. So if its got more then 1 bedroom, you pretty much have to have it deleaded. You also won't get section 8 or any other federally funded renters without a lead cert.

Good luck with your hunting!

Derreck

Welcome to the forum Sarah! This is a great place to meet people and build a team. Save my info and give me a call or shoot me an email if you need lead paint advice!

Good luck in your new career!

Derreck

 In NH it's really easy to evict. Leases are easy to break, for either the tenant or landlord, you only need to give 30 days written notice in order to break it. They're really not worth the paper they're written on, except that most tenants don't know that. 

As for evicting, it's a really simple process up here, usually only takes 2 weeks or so.

Hi Aramis. 

It doesn't seem like you need much advice. Sounds like you already know what you're doing. 

I'd you have any questions about lead paint issues in the rentals, shoot me a message and I'll let you know if it's ever been inspected.

Good luck,

Derreck