All Forum Posts by: Marci Stein

Yes - Chanel Turnquest -
Wealth Management Co

the absolute best !
Knows a lot about a lot . 

Particularly good with investors.
She is one herself .

your answer is in your question -

you said you were having a “moral dilemma “.  
this is a business , so it’s best to deal only with financial dilemmas . 

when you look at it this way , 

the answer is clear . 
what’s in your best interest financially is to accept the person best to afford the rent , which helps your business be successful. 

And this because they don’t want tenants evicted and become homeless and then end up spreading Covid - which makes sense . 
But why not have the government pay their rent — after all , isn’t that partially why we pay taxes — for emergencies like this?

In upstate Ny modulars are not as costly as stick built. Maybe 25 % less . Not sure the reason , maybe because it’s hard to get bank financing . 

also , I have heard from builders that sometimes the underneath structure gets rusty over time, 

but that’s not applicable if you’re buying new. 

i have land and may have one built. 

I appreciate your letting us know about this man . 
perhaps you could have protected yourself better with a collateralised loan , but that is not the point . 

it does not excuse his corrupt behaviour and thank you for telling us. 

 You traded thrills and beauty for
security .
No right or wrong answer .       Depends on what you value at this point in your life. 

FWIW- I invest in upstate New York in B/ C class areas  . I always pay cash between $40 and 60,000 and always make my 2%

I think it’s easier to invest in C class and buy cheap and make the 2% . however , it comes with more problems because they are depressed areas so finding good tenants is not easy. 

It’s not an easy house to rent because it’s got electric heat and very cold / expensive to heat in winter . However, that is not stopping me from not renewing their lease next year . 
the tenant Isn’t speaking to me, and I need a more cooperative, respectful 

relationship in order to feel comfortable. 

@Nathan Gesnereveryone is in shock -
NY will never be the same , it just won’t. I always thought my landlord would have to drag me out by my feet from my rent stabilized apartment when I’m 100 , but now I think I’ll walk out on my own soon and not return. Upstate here I come - easier to live near where I invest anyway.  

I live and rent in Manhattan,
and for the first time in 20 years there are a few vacancies in my building . 
however , in upstate New York , where I invest , homes are flying off the shelf - people are bidding above asking. People are finally catching on that Safer and  quieter Is better , especially since more are working from home so jobs are no longer an obstacle to living in the country .