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All Forum Posts by: Elliot Cole

Elliot Cole has started 12 posts and replied 30 times.

Post: Better to replace or overlay a roof?

Elliot ColePosted
  • Rental Property Investor
  • Las Vegas, NV
  • Posts 30
  • Votes 7

I have a rental property that needs a new roof. I spoke to a contractor and he’s recommending an overlay since the current roof is a single layer. Is an overlay as good as a full replacement? Does it last as long as a new roof would? Any thoughts on how to proceed?

Post: Are there any Las Vegas meetups for local investors?

Elliot ColePosted
  • Rental Property Investor
  • Las Vegas, NV
  • Posts 30
  • Votes 7

@Thaisa Simoes Monteiro

There were some posts in the Desert Rat Real Estate group on Facebook. I just joined myself, but request to join and watch for meetup comments.

Post: Are there any Las Vegas meetups for local investors?

Elliot ColePosted
  • Rental Property Investor
  • Las Vegas, NV
  • Posts 30
  • Votes 7

@Spencer Cornelia Sounds great. I'll be there this Sunday!

Post: Are there any Las Vegas meetups for local investors?

Elliot ColePosted
  • Rental Property Investor
  • Las Vegas, NV
  • Posts 30
  • Votes 7

@Kurt Brauner

Thanks for the tip. I’d love to join!

Post: Are there any Las Vegas meetups for local investors?

Elliot ColePosted
  • Rental Property Investor
  • Las Vegas, NV
  • Posts 30
  • Votes 7

@Robert Belz

Good to know! I’ll keep you posted, and it looks like the comment below has an option, too.

Post: Are there any Las Vegas meetups for local investors?

Elliot ColePosted
  • Rental Property Investor
  • Las Vegas, NV
  • Posts 30
  • Votes 7

I’m a Las Vegas based long-distance investor and along with a number of local investor am interested in meeting even more local investors. Do we have a real estate meet up here??

Post: What is required for a tradesman to file a lien?

Elliot ColePosted
  • Rental Property Investor
  • Las Vegas, NV
  • Posts 30
  • Votes 7

@Wayne Brooks

Thanks for the feedback! This whole thing is pretty ridiculous and I’m kicking myself for not researching this company earlier.

Post: What is required for a tradesman to file a lien?

Elliot ColePosted
  • Rental Property Investor
  • Las Vegas, NV
  • Posts 30
  • Votes 7

Long story short, my wife and I have a condo where a terrible plumbing company botched a water heater replacement, caused a lot of subsequent damage, failed the city inspection, then demanded payment in full. We never had a written contract and they haven’t provided us an invoice, yet the project has not been very friendly and they filed a Notice to Lien on us. With 15 days to go on the notice, is this a scare tactic or can they legitimately file a lien at the end of the 15-day period when no contract or invoice has been signed or provided?

Post: What’s the price and process for an aquatherm water heater?

Elliot ColePosted
  • Rental Property Investor
  • Las Vegas, NV
  • Posts 30
  • Votes 7

My wife and I have a rental condo in Las Vegas where the water heater is integrated into the central forced air heating system. The water heater started leaking earlier this week and went through the wall and into the carpeting of the adjacent bedroom. We do have a warranty on the condo, and while they’re going to replace the water heater, they’re saying that because it’s this aquatherm system, it’s much more expensive than a standard water heater and we’re going to come out of pocket much more than expected. Anyone have any experience with this? What’s the process and what sort of pricing should we expect?

Post: How do you track maintenance & capex for multiple rentals?

Elliot ColePosted
  • Rental Property Investor
  • Las Vegas, NV
  • Posts 30
  • Votes 7

I keep line item entries in a spreadsheet for all of my maintenance and capital expenditures at my properties. This works for general administrative bookkeeping, but is there a better format? I'd eventually like to put together some sort of grid that lets me easily see major systems by property (HVAC, appliances, etc) along with their age, last service date, etc. No point reinventing the wheel if someone out there has already figured out an efficient, scalable way of doing this.