All Forum Posts by: Henry T.
Henry T. has started 21 posts and replied 1588 times.
Post: I have never met a strong person with an easy past.
- Posts 1,603
- Votes 1,074
Just as many simply break.
Nothing is easy. Life is all suffering.
Post: Choose Your Tenant!
- Posts 1,603
- Votes 1,074
I like people that actually work for someone else. If things go really sour you can garnish wages. Also, they're not home as much, less wear. Cats can be a problem. Go to were she lives and see if it stinks from cat pee. Maybe that's why the landlord is done. Knowing the city would help, laws are different eveywhere.
Post: Nightmare Tenant Situation
- Posts 1,603
- Votes 1,074
Did you send the rent increase notice properly, specifically, according to law? IF not, he's right, he doesn't have to pay it.
Post: Got a Flip deal but seller is concerned about huge capital gains. What can be done?
- Posts 1,603
- Votes 1,074
You would have to confirm with a CPA, but I believe once his adjusted gross income exceeds 250k, the Obama 3.8 tax kicks in. Also, once he passes 500k, ALL capital gains are 20% instead of 15%.
Post: The Rising Costs for Landlords
- Posts 1,603
- Votes 1,074
I just started doing this... I raise the tenant the same percentage that the property taxes (at their place) increases. If they ask I tell them, property taxes increase x, your rent goes up x. "it's an industry wide formula", as they walk off and nod their heads in agreement.
Post: Foundation Repair cost
- Posts 1,603
- Votes 1,074
The pics don't explain what's going on. You need pictures showing the full yard and its contact with the house. What the heck is going on outside? You need to fix that before you fix the foundation. What is all the spray foam? Is that someone's idea of how to fix water intrusion?
Simple rule...land and water must slope away from the house, not into it.
Post: Foundation Repair cost
- Posts 1,603
- Votes 1,074
I wanna see some pics. How does that even happen? Did someone drive their car into the foundation? Hilly slope draining towards foundation? Call a bunch of contractors and get a bunch of quotes.
Post: Tenant reported fungus/mold on a small section of the bedroom ceiling
- Posts 1,603
- Votes 1,074
I hope you are documenting everything. Have an inspection done. If the inspector says its ok, I'd go with that. Send him copy of the inspection report. Be careful of what you say to him verbally or in writing, as if you're saying it in front of a judge. Follow the terms of your lease and law regarding abandonment. If he doesn't return and pay his rent, consider the place abandoned. Put his stuff on the curb. Don't let him jerk you around. You're the boss, act like one, but know what you're doing, follow your lease and the law. Don't even talk to him. Send him paper in writing stating how it's going to be. Don't be so available on the phone, who wants to talk to a pain ita.
Post: Tenant reported fungus/mold on a small section of the bedroom ceiling
- Posts 1,603
- Votes 1,074
Quote from @Carlos Lez:
Quote from @Henry T.:
If its wet you have a leak. If it's dry, cover it with a oil based primer, then 3 hours later paint it. Done.
it is dry and the section is not that large. We cut open the drywall and pulled out the insulation to identify the source of leak on the roof. There was no mold or wetness found. Now I just need to replace it with new sheetrock.
Any recommendations on if I should spray anything inside before putting in the new insulation battings and closing this up, in case there are any lingering spores? Also what is your advice on what to prime the new sheetrock with to just be sure nothing else erupts later.
I will get a air quality assessment done to be sure it is all good before the tenant moves back in.
Also are there any recommendations for licensed air quality inspectors who can certify in the SF Bay Area? Thanks for the engagement.
Here's my take on the matter. You go to a surgeon, and they'll cut you. Go to a holistic doc and he might give you some herbs. Air quality assessment? F that! If I was gonna go that route, I'd better see webbing that I have to fight thru the room with a machete. We're all gonna die!! But not from mold....If there's no wetness, there's nothing to worry about. Close it up, paint, and find some older tenants that haven't been brainwashed.
Post: Tenant won't pay utilities- housing choice voucher DC
- Posts 1,603
- Votes 1,074
Quote from @Alexa S.:
Quote from @Russell Brazil:
Quote from @Alexa S.:
@Russell Brazil I appreciate your response. Unfortunately, I received information from this forum to the contrary, from a longstanding landlord working with DCHA so of course it wasn't my intention to break the law. I can resolve the back pay but would the best solution then to just change the utilities to the tenant's name moving forward?
Can you explain what you mean that there is "no ability to non-renew"?
I would guess that in a place like D.C., if that's where this is? Sec 8 capitol of the world, isn't it? Once you have a tenant, you are stuck with them. Landlord cannot terminate a lease. Except, for one reason, failure to pay rent. You would have to read the local laws of course, which I know nothing.