All Forum Posts by: Heather Alte

This is my first tenant ever, and my first lease ever. Does anyone have a package of all the docs they typically use for a lease of property, and a typical run through of the procedures they follow and the steps taken from start to finish of the process. As well as examples of fees that are included in the lease for late rent and etc. 

I want to do this right. I have made mistakes of renting to family and I am confident that I can have a great experience renting to strangers. 

Thanks in advance.

Thank you that is a great idea. The worker from the water company did show my husband how to shut off both water valves out there. We learn as we go. I hope to keep learning as the need arises. We are first time homeowners and first time landlords, so this will be interesting. Thankfully we don't have renters yet. I am grateful for everyone's input on here.

Yes I agree with you. I called them first thing this morning, and they came out and replaced the meter and curb stop thing. Water is COMPLETELY off, FINALLY. Im very relieved. And the pipe will be fixed in an hour or so.

Yes that is the correct assumption. However, it did fine over the freeze and was running just fine. On a warmer day a few days after the subzero temps, the shower cartridge/valve (temp control and turn on thingy) broke, (on our rental side) that is when we shut of the water at the main to fix it. Once we figured out there was a shut off for just that shower, we turned the main back on. Only no water came. The water company came out, did something and the water came back on, and then all of a sudden, the pipe was broken in our bathroom. Completely exasperating. And it seemed unrelated to the freeze.

We shut off the water at the meter by the road. It is not separately metered, and is technically one house. We have so much water pressure comng from it when the water is on that it literally two- three gallons a minute at least. And have no water pressure anywhere else. Took a shower and it was very low pressure and nothing but hot water. Im assuming that the pipe was cracked due to the immense pressure of water coming through.

We had a pipe bust and we turned off the water at the main so that we could prevent further water damage and to repair the broken pipe. Well, the water never stopped flowing. It is impossible for us to glue on the new pipe with the water spraying out. Is this a problem with our main that should be addressed with the water company? Or is this something else that we just don't know about. We are first time landlord/homeowners and have a duplex. Please help because we have been without water for a while and we know how to fix the pipes we just can't fix our water flow problem.

There are several applications online that can take a sample of your own handwriting and turn it into a font. From there you can line it up to print out on lined paper in any color of ink. Minimal work for the same results of hand writing each one. Then you just write in the individual address on the paper for each one. It will save you money and time this way.

I have heard of people starting up LLC's so that when they wholesale a property they can just sign over the LLC to the actually buyer, thus preventing the contract being changed.

Okay, I got lost at the "50% rule ". What is that? I had been analyzing potential deals and did not attribute that when I ran the numbers.

Welcome!! I am a new member myself. So far I have started with the beginners guide. What made you decide to get into real estate investing?