All Forum Posts by: Gary Thao
Gary Thao has started 11 posts and replied 30 times.
Post: Expensive water bill
- Fresno, CA
- Posts 30
- Votes 4
Thank you all for the advice. I will followup on it.
Post: Expensive water bill
- Fresno, CA
- Posts 30
- Votes 4
Landlord.
Post: Expensive water bill
- Fresno, CA
- Posts 30
- Votes 4
My water bill this month was 3x the cost of what it usually is. I thought there was a leak somewhere. I found a hose running to a tenants unit upon further investigation. I also saw a small AC unit which I believe the hose is connected to ( No AC in these units). I am responsible for payment of the water per the lease agreement. What can be done to stop this without getting into legal issues.
Post: Rent Collection while out of town
- Fresno, CA
- Posts 30
- Votes 4
Great ideas guys/gals. Thanks!
Post: Rent Collection while out of town
- Fresno, CA
- Posts 30
- Votes 4
To those whom are currently collecting their own rents and not using a property manager. Let's say you collect on the 1st of the month. What do you do when you are on vacation/out of town?
Post: Acquiring fourplex, what happens to existing property manager?
- Fresno, CA
- Posts 30
- Votes 4
You are correct Carlos.
Post: Acquiring fourplex, what happens to existing property manager?
- Fresno, CA
- Posts 30
- Votes 4
I hope to post more of my experience as this progresses Aaron.
Post: FHA Fourplex Opportunity anaysis: FHA 3.5% vs Conventional 25%
- Fresno, CA
- Posts 30
- Votes 4
Hey Gary did you go through with this deal? And if you did, how is it working out for you ?
Fourplex at 420k. (northern California) rents yield 4050 total if I wasn't to live in it. I'm also planning to use FHA. After all expenses and mortgage I'm calculating -$299. If I don't account for Property management I should break even.
How did things work out for you ? Specially the 'becoming a landlord part' some people advise me to be careful about going from zero landlord experience to managing 3 tenants....
Carlos, I am still working on the deal. I believe timing is everything with "investment properties". If you have time to wait for a "better" deal as most investors, then great. If not, this may be your opportunity, but just make sure you will be able to handle the consequences.
Post: Landlord introduction
- Fresno, CA
- Posts 30
- Votes 4
Agreed. Sam has a great letter and advice
Post: Landlord introduction
- Fresno, CA
- Posts 30
- Votes 4
Thank you guys/gals for the great ideas.