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All Forum Posts by: Christopher Thomas

Christopher Thomas has started 1 posts and replied 5 times.

Post: Landlord to pay for security system?

Christopher ThomasPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 5
  • Votes 4

I'm dealing with gang violence with residents having their windows shot out. I've already had 2 in a 10 unit up and leave this week. Another 4 plex the same thing .... the issue is personal but becomes a business issue ... if you want to keep high quality tenants you need to help them feel safe. Its not whether you feel safe, its them. Ive already installed motion detector 40,000 lumen lighting, higher fencing and am now installing camera's and building a relationship with the local police. Your business depends on you being proactive. When you aren't people soon see it and walk. Vacancy is your biggest concern. The cost of a few weeks rent more than pays for better security. Don't be penny wise and pound foolish. Think it through, the additional cost comes back over time in spades. Of course be sensible and look into the costs and options ...

Post: Fresno General Contractor Required

Christopher ThomasPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 5
  • Votes 4

Hi all those in Fresno. I have a 10 unit I am about to rehab and am looking for a great General Contractor. Someone detailed, has ideas, is proactive and gets the job done. Thank you!

Post: FAQ on Short Sales, for investors

Christopher ThomasPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 5
  • Votes 4

Thanks Jennifer

Post: FAQ on Short Sales, for investors

Christopher ThomasPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 5
  • Votes 4

Where is the best information I can get quickly to understand short sales .... I have been offered a short sale on a 4plex, run the numbers and it looks like a good single or double (not a home run) which for me is fine but i have no experience in this area.

Post: How much should I add in for insurance?

Christopher ThomasPosted
  • Rental Property Investor
  • Los Angeles, CA
  • Posts 5
  • Votes 4

Guys, what kind of insurance is needed, i.e. type/terms/coverage etc for a 4plex in the central california valley?