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All Forum Posts by: Andrew S.

Andrew S. has started 51 posts and replied 1006 times.

Post: Turning on water in your newly rented property

Andrew S.Posted
  • Investor
  • Raleigh, NC
  • Posts 1,048
  • Votes 708
Originally posted by @Courtney Downtain:
. I opted out of turning it on during the rehab because it’s expensive in this neighborhood. That means that the faucets I have replaced haven’t been tested yet to make sure they work

i Think most readers of your post will be wondering exactly what you mean by “because turning water on is expensive”.  Are we talking thousands of dollars here or are you quibbling over 50 bucks.  It sure seems like it would be the latter - in which case, by trying to “save pennies, you likely end up wasting dollars”. 

Just turn on the water and test the system.  It’s (a tiny) part of the cost of doing business.

Post: Fallen Tree...who is responsible?

Andrew S.Posted
  • Investor
  • Raleigh, NC
  • Posts 1,048
  • Votes 708
Originally posted by @Account Closed:

@andrew s, If two sides come to a mutual agreement that's a reasonable way to go.

 Absolutely!  Like I said, its definitely worth trying to engage the neighbor.  Personally, I have had this happen 4 times (we live in an extremely wooded part of the country and there are trees and limbs falling EVERYWHERE!).  Three times, a neighbor's tree fell onto MY property (all rentals) and in each case, the neighbor didn't want anything to do with it...  one time, a tree from my own property (where I live), fell onto my neighbor's property and destroyed his chainlink fence.  I cleared off the tree, cleaned up the branches from his property and offered to reimburse him for the repair of the fence.  This happened during Hurricane Fran (I think that was 1995).  He never bothered repairing his fence, so I have yet to pay.  Offer still stands though.

So, definitely worth a shot, but in MY experience, odds are against you.

Post: Fallen Tree...who is responsible?

Andrew S.Posted
  • Investor
  • Raleigh, NC
  • Posts 1,048
  • Votes 708
Originally posted by @Account Closed:
@Ned Gorges, It's the neighbors responsibility, have them remove it. Talk with the neighbor about the situation and if they're willing to remove it or pay you for removal that's great. If two sides come to a mutual agreement that's a reasonable way to go, don't let it become a legal action.

 I can't speak for Hawaii, but in most jurisdictions it is NOT your neighbor's responsibility.  It is yours.  Of course, the neighbor may agree to help or even pay in full, but it is likely that they don't HAVE to.  And if they don't, then it is unlikely that THEIR insurance will step up.

Post: Fallen Tree...who is responsible?

Andrew S.Posted
  • Investor
  • Raleigh, NC
  • Posts 1,048
  • Votes 708
Originally posted by @Linda S.:

@Account Closed,

 Just be happy it didn't cause any damage to property/people!!!   The only person you could go after to help with the cost,  is then neighbor-- if it's their tree, they should be paying for  it!    I'd try and get them to at pay for it, or settle of splitting the cost.. all depends on how expensive it is.  

That is not how it typically works in most places.  Unless there was something verifiably wrong with the tree AND you reported that fact to the neighbor and the local authorities, chances are the tree is YOUR problem, and not the neighbor’s.  This will be considered an “act of God” type event and the neighbor is off the hook.  Now, it doesn’t hurt to ask them - it is possible that they agree to chip in, but in MY experience, they rarely do.  In fact, for one of my rentals, I found it cheaper to pay for the preventive removal of a sketchy tree on my neighbor’s property rather than wait for the tree to fall on my house (and risk the tenants getting injured).  Neither the City, the insurance company, nor the bank would help me with forcing the neighbor to remove the tree.  The insurance company simply said “once it falls, file a claim and we will pay for the repairs”.  Of course, I have a $5000 deductible, so this was not acceptable to me (aside from worrying about the tenant getting hurt).

Post: Replace Gas with Electric?

Andrew S.Posted
  • Investor
  • Raleigh, NC
  • Posts 1,048
  • Votes 708
Originally posted by @Grant Rothenburger:

@James Bailey I agree with multiple others, stay with the gas stove. I've never heard anyone say they prefer an electric range over gas. I have heard the opposite a lot.

For the water heater, my buddy who is a plumber was telling me they got rid of gas water heaters with pilot lights. Now gas water heaters have an electric spark kinda thing and when they replace them, they have to run electric to it for the igniter (or whatever it's called, I'm not a plumber). Just FYI

 Maybe that is a regional thing, but in our neck of the woods, the vast majority of gas water heaters sold at Lowe’s, for example, still come with pilot lights.  Now, they generally don’t have to be lit with “the long match while burning your fingers”, like in the old days - you generate the spark with a piezo push button.  But they do not require an electric hookup.

Note: it’s a whole different story for tankless heaters.  Those always (or at least almost always) come with an electric ignition system and don’t have pilots.  So, those DO require electricity to operate.

I agree with others about gas stoves - anyone who actually cooks WILL prefer gas over electric.  That said, for rentals, I have gone the other way because of liability and maintenance concerns ( the 2 AM calls about “smelling gas” when one of the knobs got slightly turned accidentally...).

Post: Online rent collection

Andrew S.Posted
  • Investor
  • Raleigh, NC
  • Posts 1,048
  • Votes 708
Originally posted by @Edward B.:
Originally posted by @Shiloh Lundahl:

@Edward B. I like that. How many properties do you manage using Rentigo? Also, can you manage it for more that one company that you own? For instance if someone has real estate in different LLCs.

I don't use rentigo. I just looked it up because I am shopping for an online payment solution as well. I have narrowed it down to cozy and tenantcloud, but may take a closer look at this too. They all have their limitations. 

 What are the "limitations" everyone is speaking of?  I have not done an exhaustive comparison, but I have been using Cozy for a couple of years now, and works just fine for me.  True, if you want the no fee version, then your rent money is hung up at Cozy for a few days.  However, if you have a Property Manager, guess what, your money is hung up even longer.  So, I'm just curious what items people want to see that are not present in Cozy (or similar products).  Maybe it has all to do with integration with accounting software, etc.  I guess, I'm not big enough for that to seriously matter to me.

Post: Tenant from hell eviction case. Now I have officially seen it all

Andrew S.Posted
  • Investor
  • Raleigh, NC
  • Posts 1,048
  • Votes 708

@Tom Gimer

beheadings

Although I am a big supporter of capitol punishment obviously this would be somewhat overkill. Two years less a day in jail however would be a adequate deterrent against non payment of rent.   

I'm sure you realize that locking up a tenant for 2 years would cost the taxpayer several hundred thousand dollars?

Post: Successful debt collectors?

Andrew S.Posted
  • Investor
  • Raleigh, NC
  • Posts 1,048
  • Votes 708
Originally posted by @Andrew Kerr:

@Andrew S. I use Rent Recovery Solutions. They focus just on rent collection. 

Getting debt collected is tough and will depend on the tenant class you are dealing with. I will give you a couple examples that I have dealt with:

1) White collar tenant - they felt they were right, so they didn't pay for damages and the final months rent. I filed for small claims, I won, they paid. They had the money to pay, they just didn't because they didn't feel they owed me until they were legally proven wrong.

2)Another white collar tenant - I warned them I would turn the file to collection, they didn't pay, I turned it over. They got mad it went on their credit. I don't expect them to pay until they try to buy a house.

3)Foreign exchange students - they caused a property fire, over $20k in damage. They also let their rental insurance cancel without my knowing. They didn't feel they had to pay because I had insurance. They also felt since they were going home in another year or two it wouldn't matter. My lawyer wrote a firm letter saying if they didn't pay, he would make sure the state department knew they were skipping out on their obligations, and if they tried to renew their student visa, or go to apply for a work visa after graduation it wouldn't look favorably. Their parents wired the whole amount to me the next week.

4) Blue collar or affordable housing tenant - they live paycheck to paycheck, they skip out on the last months rent so they have money to use as a deposit for their new place. They might have damages & cleaning that exceeds their deposit. They don't pay because they don't have the money. And they most likely won't have the money. You just file for collection so if future landlords do screening they see they skipped out. You can hope they get their act together or start making more money in the future and clean up their credit.

Rent Recovery Solutions has collected on some money for me, but its always at a discounted rate. They are good about doing calls/letters around tax time as they know folks are getting money back. Most of the money I don't every expect to get back.

Thanks Andrew - so they just shake the trees for you and if they collect anything then they take their cut?  And if they don’t collect, then they give it back to you?

Post: Successful debt collectors?

Andrew S.Posted
  • Investor
  • Raleigh, NC
  • Posts 1,048
  • Votes 708

I’m curious what people’s experiences are with debt collectors (from the point of view of collecting money owed to you).  Let’s say you obtain a judgement against a former tenant of a few thousand dollars.  Often it is very hard to collect on this judgment, so one option is to turn it over to a pro.  What are the go-to companies for this?  Do they tend to be local, regional, or national?  Do they tend to buy the judgment outright ( for say, 10 cents on the dollar), or do they take the task on contingency?  Or do they actually require upfront payment of some sort?

Post: Loan amount owed in a property.

Andrew S.Posted
  • Investor
  • Raleigh, NC
  • Posts 1,048
  • Votes 708
Originally posted by @Marc Winter:

Did you try simply asking the owner?  If you are in negotiations for a purchase, it is a relevant fact, imho.

Nothing wrong with asking - I'd imagine most owners would tell you to pound sand though (I would...)