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All Forum Posts by: Henry T.

Henry T. has started 20 posts and replied 1472 times.

No. Mom has to live nearby. What if you have to sue her for non-payment? Don't do it.

my opinion. the fancier, the more worthless.

Post: Driveway Repair Required?

Henry T.Posted
  • Posts 1,485
  • Votes 1,007

Take out the loose pieces and pour a bag or two of ready mix in there. You'll be done in 20 minutes. You can decide some other time if you want to do a new driveway.

Post: Exterior lead paint

Henry T.Posted
  • Posts 1,485
  • Votes 1,007

In Seattle the majority of houses are over 100 years old. I give the tenants a form that has three boxes to check. Lead paint. No plead Paint. Or, Don't know. I really don't know, so that's the one I check. Then I hand them a 32 page(by law) government prepared book that they get to read, which basically tells them "Don't eat the paint you morons".  Try to keep a nice finish. No peeling paint. Replace old windows and frames with vinyl.  Change the siding if it looks bad. No big deal. Stop worrying yourself sick, or get out of the biz. There's already enough crap that will drive you crazy.

Yes. Much more so if you're in a landlord friendly state. Forget West coast. Think Idaho, Arizona.

So I guess what your saying is...Aside from the city of Los Angeles chasing landlords away with anti-landlord legislation, rent control, and rental registration, etc, etc, and all the red tape that goes with it, here's another reason for landlords to close up shop and go somewhere else.  Fewer rentals being the result. Makes sense to me. I could see this coming. It's funny, looking at all of the boxes one must check to have their rental registered. It's all of the same boxes you have to check to be in the section 8 program. In other words, forced compliance.  Governments best intentions ruining it on all sides, helping no one, I think.

Have it as a standard part of your listed screening criteria. 

"Current residence will be visited". Simple as that and keep it vague.

Need a reason? Evidence of smoking.  Number of vehicles. Lawn care. General appearance must meet our standard. No used tires in yard. 

No way. The problem was fixed. Done.

Post: first time landlord question

Henry T.Posted
  • Posts 1,485
  • Votes 1,007

Hmmm. Just wondering out loud...Have you ever tried to collect from someone that is self-employed?  Imposssssssssible.  Hot potato, drop it.

Quote from @Greg M.:

Why do anything? I assume you're going to sell it to a developer, so sell it as is and let them deal with it. 

There may be a property tax benefit to leaving pieces. Where I'm at, if you leave a tiny piece of an existing wall and rebuild the remaining 99.99%, it's a remodel instead of a new build and the property taxes don't reset. 

That's excellent advice, that is often easily overlooked.