All Forum Posts by: Eugene Kemp
Eugene Kemp has started 7 posts and replied 332 times.
Post: Price Increases limiting returns - time to do something else?

- Ormond Beach , FL
- Posts 345
- Votes 223
This is a tough question, and very individual as to the solution. Sounds like you have done well, but may be too young to "retire" and just keep up with your properties as an activity. I agree that prices have gotten stupid, and we don't seem to see any deals worth pursuing lately, and there also is a glut of people bidding things up if the deal is worth considering. For the time being, we are sitting tight and enjoying some travel and golf, but always open to looking at the right property. That's how I deal with it! :-)
Post: Pest Control frequency?

- Ormond Beach , FL
- Posts 345
- Votes 223
I live in florida....bug central! I have quarterly outside treatments done on all SFHs. Normally, when I turn a house, I will call and ask for indoor treatment to start off new tenant right. They don't typically charge me for those. I pay $77 per property quarterly. They will also treat indoors if anyone needs it, but I have found that quarterly outdoor sprays keep bugs out and I've not ever had anyone request indoor treatment.
Post: How often do you reconcile and record expenses?

- Ormond Beach , FL
- Posts 345
- Votes 223
I track 4/5 properties in excel as they happen. Don't really see a need for Quick books for me.
Post: New flooring- what would you do?

- Ormond Beach , FL
- Posts 345
- Votes 223
Click lock vinyl goes down easy over concrete or other material. It is a floating floor....Allure is the brand I believe. Inexpensive and durable.
Post: Help Writing an Offer

- Ormond Beach , FL
- Posts 345
- Votes 223
Pull in a title attorney or a realtor to help.
Post: Buying 15 rental properties???

- Ormond Beach , FL
- Posts 345
- Votes 223
Similar... lol!
Post: Buying 15 rental properties???

- Ormond Beach , FL
- Posts 345
- Votes 223
Where is Lisboa? Portugal?
Post: GC Cost + Percentage

- Ormond Beach , FL
- Posts 345
- Votes 223
I've seen 10% and up to 20%. Higher numbers should justify lower percentage.
Post: Contractor billed me for a estimate

- Ormond Beach , FL
- Posts 345
- Votes 223
Ha!
Post: Tenant Deposit Return

- Ormond Beach , FL
- Posts 345
- Votes 223
Make a check out to all of them so they all have to sign it and let them fight it out....not your problem!