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All Forum Posts by: JD Martin

JD Martin has started 63 posts and replied 9445 times.

Post: SmartMove anomaly ...

JD Martin
ModeratorPosted
  • Rock Star Extraordinaire
  • Northeast, TN
  • Posts 9,944
  • Votes 16,002

PS: Someone not wanting to pay the fee is a good tenant screening tool. 

Post: SmartMove anomaly ...

JD Martin
ModeratorPosted
  • Rock Star Extraordinaire
  • Northeast, TN
  • Posts 9,944
  • Votes 16,002

I just had a tenant do one and it is $35 for credit & criminal check. 

Post: Quick question about a deal. Any help would be appreciated!

JD Martin
ModeratorPosted
  • Rock Star Extraordinaire
  • Northeast, TN
  • Posts 9,944
  • Votes 16,002

Once you have it under contract be sure to check the utilities. I had to walk away from a deal last month because the electricity had been off for more than a year and the city would not reconnect without a full electrical panel upgrade and whole-house rewiring. The seller couldn't come down far enough to make the numbers work.

Post: how to deal with multiple applicants??

JD Martin
ModeratorPosted
  • Rock Star Extraordinaire
  • Northeast, TN
  • Posts 9,944
  • Votes 16,002

Short of discriminating against a protected class (race, religion, national origin, etc), you can pick anyone you want. You don't have to pick your first applicant, or any applicant for that matter. I wouldn't put anyone in one of my rentals that I was uncomfortable with for any reason. I would rather have a vacant place than trouble. 

Post: Tenant Screening Question

JD Martin
ModeratorPosted
  • Rock Star Extraordinaire
  • Northeast, TN
  • Posts 9,944
  • Votes 16,002
Originally posted by @Eric D.:

I list ALL OCCUPANTS on the lease.  Including a 6 month old kid.  Only the financially responsible people have to sign.

I screen all 18+, and require a decent credit score from EVERYONE 18+.

Someone with a 800+ credit score will go without food in order to keep their good score.  They also do not lie.  They tell creditors they will pay, and they do pay.

 This is what I do as well. Anyone who lives in the house is listed on the lease; this way, there can be no ambivalence such as "Oh, I thought it would be OK if my nephew came to live here". Only the person that wants to be financially responsible for the lease has to sign. I wouldn't care if someone living there had been evicted, so long as they weren't one of the financial guarantors of the lease. And I agree re: credit score. A very high credit score reflects a level of personal responsibility that makes it unlikely they would stiff you on payment. 

Post: How far to go with updates on a rental in an A Class area? New sod?

JD Martin
ModeratorPosted
  • Rock Star Extraordinaire
  • Northeast, TN
  • Posts 9,944
  • Votes 16,002

That's a good deal on the addition of sod - for the extra $300 I would do the sod. 

Post: Good tenants!

JD Martin
ModeratorPosted
  • Rock Star Extraordinaire
  • Northeast, TN
  • Posts 9,944
  • Votes 16,002

I agree with all sentiments. If you don't believe that most people are genuinely decent people, this is probably the wrong business to be in. In my "other" job, I deal with a very large customer base. 90% of the customers, I don't even know who they are - they pay their bills, on time, every month, and have no complaints. Another 5% pay but are late, or have the occasional issue. The last 5% are trouble, and have a litany of complaints. We, too often, tend to focus on that last 5% without considering that about 95% of our customers are decent people. 

Post: Travertine or Porcelain flooring

JD Martin
ModeratorPosted
  • Rock Star Extraordinaire
  • Northeast, TN
  • Posts 9,944
  • Votes 16,002

Beware if this is in a kitchen. Even on top of a solid plywood subfloor and concrete cement board, porcelain tile will crack if something heavy is dropped on it, like a can of food. If you are still going to do it in the kitchen anyway, use a patterned tile wherein cracks will not be very noticeable. 

If this is in a bathroom, definitely porcelain over travertine. The maintenance of it will drive you crazy, as mentioned above. 

18x18 (that is what I put in my kitchen) goes down fast but is not easy to work with around obstructions. I wouldn't go with a tile that big unless you have a nice square room with few obstacles. Big tiles go down fast but errors stick out like a sore thumb, as does less than flat floors or out-of-square walls. Tiles that big also have a tendency to be slippery, especially porcelain, so there's that as well. 

What you want to do sounds more appropriate for a flip than a rental. In my opinion, rental tile should be small with lots of grout lines for texture to make the floor less slick, and make repairs easier. 

Post: Smell coming from water pipes

JD Martin
ModeratorPosted
  • Rock Star Extraordinaire
  • Northeast, TN
  • Posts 9,944
  • Votes 16,002
Originally posted by @Tammy Wise:
My PM just called and said our tenants are complaining from swells from pipes. They say the plumber says it might be a crack or leak and want to do a smoke test. Is this usual? And if so is 300 for the rest normal? Thanks

 Coming from what pipes? If it is sewer gas, I would first check that all P-traps are filled with water - sometimes poor venting can cause a P-trap to get sucked dry little by little, especially if the fixture is hardly used. Run some water at every fixture, make sure nothing visible is leaking, and see if that fixes the problem. If it doesn't, you may have a cracked pipe or a leaking P-trap; sometimes that comes from a cleanout plug, so that's another thing to check. I wouldn't smoke test until exhausting other options first; sewer pipes rarely crack inside a house unless someone has damaged it, because they're not under pressure. Outside is a different story, as tree roots or shifts in the earth can crack a sewer line.

If the smell is coming from the water lines, first thing to do is have the water tested for chlorine level. High levels, and low levels, of chlorine will both produce strong odors. 

Based on the fact that your plumber wants to do a smoke test, it sounds like they are complaining about sewer gas. 

Post: Paying too much for maintenance & repairs?

JD Martin
ModeratorPosted
  • Rock Star Extraordinaire
  • Northeast, TN
  • Posts 9,944
  • Votes 16,002
Originally posted by @Mimi Booker:

Seeing how this house is now 10 years old, would anyone recommend buying one of those home warranty plans?  (American Home Shield, etc.)

I'm worried that I may have a large A/C replacement in the next few years.

 Personally I think they are not worth the paper they're printed on. Worst case scenario is probably changing out the entire compressor/outside unit, so it is not like you have to run a complete install in the house. I realize you use AC more in Houston than we do here, but for comparison purposes I am still on the original AC unit (Rheem) in my central heat/air house, and I've owned this house for 21 years and the house was 2 years old when I bought it. It is not at all unusual for a unit to last 20 years or more with maintenance.