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All Forum Posts by: David Roberts

David Roberts has started 35 posts and replied 344 times.

Man i love the floors in the dining area. How did you get that floor to look thar way with the dark and light?  Was thar staining work or the type of wood, etc?  I would love to have something like that in my home.  I've never seen it before. 

Post: Is there any brokerages in michigan that anyone can recommend?

David RobertsPosted
  • Brownstown, MI
  • Posts 344
  • Votes 98

Kw is expensive but they have their stuff together.  If you want to sell luxury homes,  kw is the place.   Are you going to be a full time realtor?  If you will be part time,  kw is too expensive.  

What's your goal with your license?  I got mine to use for myself,  help friends and family,  and help others by word of mouth (i.e. part time).

You need to find a smaller Broker that is cheaper and who will sit down and teach you one on one.  They are around here. 

Basically like was said, be all in at 75% of ARV. In 6 months or if you can find a lender that will do a product with less seasoning, refinance your cash out. Typical is 70-75% of appraised value. Then your running all cash out, 100% cash on cash return. That's the way to be!

Post: Ann Arbor Real Estate Investors Club

David RobertsPosted
  • Brownstown, MI
  • Posts 344
  • Votes 98

I can give any details as well. Connect with me and pm.  Its not true that you have to pay a few hundred to go.   Ive been many times.

Post: Opening credit cards for remodeling purchases.

David RobertsPosted
  • Brownstown, MI
  • Posts 344
  • Votes 98

bank of america signature card does 0% 12 months and if you charge on it there are no fees,  so this even gets around the 3% balance transfer fee. And anything in 12 months time charged gets 0%.   If you take a deposit off the card its 3% i believe and u must do that in the first 60 days. 

In Just charged 14k to to this card on the latest rehab.  

Yes, realtors will be able to help. They'll get paid by the landlord as well for bringing them a good tenant. Landlords post their listings on the MLS often, so agents have that access.

You can go to rentometer and try finding current rental listings.  Check craigslist, there are other sites.  I'm sure someone else will have more info on it.

I work with a few people that have their smartphones glued to their ears.  It's very annoying to the other employees, and it really starts killing morale.  But, this is what you get in the corporate world.  The company is too large to manage efficiently.  It's amazing huge corporations make a profit at all.  You get a lot of complacency.  There are people who will deliberately do nothing during regular time so they can get that overtime pay.  

There are a lot of managers who refuse to deal with personnel issues, and this is even worse for morale.  If that guy is leaving early and coming in late every day, why can't I? Oh boy.

This stuff doesn't fly in a small business, where the owner is the one running it, and he knows what he's doing.  You can't BS that guy, and there are no HR reps there to protect you either lol.

Originally posted by @David Wurzel:

There is an old saying, "Loose lips sink ships."  It's an old saying for a good reason.

When doing your outside work at your current job you are essentially stealing money.  I know that sounds really harsh but think of it from the employer's viewpoint.  They have invested a tremendous amount of money in you and you are repaying them by taking what they are paying you and not working for them during the time that you are focused on something else.

Trying to rationalize it is useless.  It's pretty cut and dry.

Sneaking off to the bathroom or break room to take calls, using your employer's internet that they pay for, printing out personal documents and copies, are all forms of theft and quickly degrade you in the eyes of your boss.

Again, sorry to be harsh but I've run a business and let employees go who decide that their outside interests take precedence over the time I am paying them for.

 I really liked this answer.  As much as I want to argue the 'theft' point, I can't.  It's a good point.

On the flip side though, employers do the same thing by calling you at home, calling your cell that they don't pay for, text you, ask you to work more than the expected amount of hours without pay (salaried is just another way a company came up with of stealing time from your life at no cost to them, in my mind everyone should be paid an hourly wage whether it's $10 or $100), ask you to come in for an emergency to solve an issue that the company exclusively benefits from.  This is theft of your personal time, which in my opinion IS FARRRRR MORE valuable than anything.  Why? Because all you have is your time, and it should be for sale, not to be given away, and damnit, it should be expensive. 

If I decide to work an extra hour for no pay for someone else to get 100% of the benefit...well, F that. LOL

Gotta love the endless struggle that is capitalism...

Say there never was an animal there, were you going to replace the carpet anyway? If yes, or even if you would be 'on the fence' on replacing the carpet, and they were good tenants otherwise, let it go.  Add them to your future prospect list and keep the good rapport with them.  

That's just my opinion. 

Post: Tenants won't pay water bill

David RobertsPosted
  • Brownstown, MI
  • Posts 344
  • Votes 98
Originally posted by @Deanna G.:

Hello Mark,

I had a similar issue with one of my tenants about 9 months ago.  The only difference, my tenant wasn't paying her water bill and the city was sending me her bill expecting me to pay it.  I told them I wasn't going to pay for it, because I didn't use the water.  The city insisted the owner is responsible.  So I asked for one year history of my tenant's bill.  She would only pay when she received a disconnect notice, which was every 3 months.  I then asked what her average bill was before the penalties.  Her water bill averaged $65.00 per month.  I increased her rent by $75.00 and gave her two months notice that her rent was going up and  (I explained the reason why it was increasing) I would pay for water/sewer/trash bill.  I also added an excessive utility usage clause stating that if the water bill exceeded $66.00 she was responsible for the overages.  This was a tenant I inherited from a previous landlord.  She is on MTM, and I was happy about that, because I was able to change her lease with out waiting one year.

Hope that helps

 I love what you did...increased the rent so you could pay it, and added the clause anything over 66 she's responsible for.  That was great.