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All Forum Posts by: Johann Jells

Johann Jells has started 130 posts and replied 1625 times.

Post: Rental property investor weary of current market

Johann JellsPosted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 1,632
  • Votes 875

You're young, don't let impatience make you buy at the top of a bubble, which this has looked like for a while. When someone tells you "this time it's different!", be very very cautious. As @Bjorn Ahlblad story shows, this is long game. Want speed, try day trading.

Post: Tracking your expenditures

Johann JellsPosted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 1,632
  • Votes 875
Originally posted by @Mike Testa:

Thank you both for the advice on security deposits.  I’m still hoping for advice on my operating account question.  How Do people earmark money for different things like cap expenditures, repairs , etc.  Do folks have multiple checking accounts?   If you have just one checking account how do you keep track of amounts that are earmarked for certain categories? Or do you even bother to do that ?  I think I’m having a hard time wording this question.   I only have 4 units now but if I soon add another 5, I’m trying to prepare for that and be better organized with budgeting, & tracking.   

I've been using Quicken to track my business expenses for 30 years, even before I had properties. You download your bank and card transactions into it, then categorize each one. From then on you can track whatever you want using the report function. I can easily look up what I spent on the water bills of a property for 2002.

I use one checking account and one credit card for each of my businesses, but rentals are one business.

Post: Received Complaint for Not accepting Sec 8, How do i respond?

Johann JellsPosted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 1,632
  • Votes 875

As stated, lawyer up, you're in for a ride. NEVER EVER tell someone a reason for rejecting them unless you absolutely have to. Never tell someone they're the 1st to see the place, so you can say you have a previous application. Unless you're still on the market weeks from then you're good.

I'm not absolutely certain of my footing on my usual S8 response, but it a variant of what already said. "I take the first qualified tenant  Since the unit isn't currently inspected by the city and approved for S8, and that can take a long time especially if it fails something, it's unlikely it will still be vacant when approved." Do I have anything wrong here?

Post: Refacing laminate cabinets?

Johann JellsPosted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 1,632
  • Votes 875
Originally posted by @Ted L.:

I’m a cabinet dealer so of course I veer toward new cabinets most of the time. That being said, we are all investors and we all have to determine how to best get a return. Here are a couple thoughts:

1. It is unlikely you could get doors from Ikea that will fit. The sizes are never quite right. You would have to get them a a place like waltz craft or make your own.

2. Whenever I see a wall oven in an investment property I start thinking about that difficulty and expense of replacement. If you decide on new cabinets or even if you can just modify the layout of what’s there, I would try to get a typical slide in range and eliminate the cooktop and wall oven.

If I replace the cabs a standard range is a no-brainer. I have no idea what the previous owners were thinking with the cooktop/wall oven arrangement. I had to update those in the unit upstairs and couldn't believe that wall oven costs more than a range!  Managed to pick up a used one at a decent price. But ripping all that out opens a huge can of worms. I may test the paint idea of @Kris H. on some scrap.  

What was going on in the 70's and what are we doing today that will look so bad? I think travertine baths are a good candidate. But they won't look as bad as this below! It looks like a crappy motel. The temptation to gut here is strong, there's tile issues in the tub surround. Upstairs I had to gut a surround that was laid on greenboard. There was literally nearly 3" of tile, drywall, horsehair plaster and lath between the tile surface and the studs! OMG. That was one job I regretted rejecting a contractor's price I thought high and doing it myself.

Post: Refacing laminate cabinets?

Johann JellsPosted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 1,632
  • Votes 875
Originally posted by @Account Closed:

@Johann Jells

Spray them. Insl-X cabinet coat is near foolproof. Some great YouTube vids on how to do it. Add some 5-7” brushed stainless pulls to make them more modern looking. It’s all about the prep when you’re painting cabs.

Sounds like interesting stuff, but does NOT say specifically it's good over laminate. It's that hard surface and corners that make painting laminate so difficult. But it does say metal, which can be as hard. Hmmm.

Recommended For
Cabinets, Metal, New & Previously Painted Wood, Furniture,
Woodwork, Doors Trim.


Post: Refacing laminate cabinets?

Johann JellsPosted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 1,632
  • Votes 875
Originally posted by @Jim K.:

 Reassuring hearing a voice of sanity from another hands-on guy recognizing that something isn't as easy as it looks at first glance. How awful would new white thermofoil doors be on the green frames? And I Already replaced all the old hardware with modern brushed nickel when I bought the place 16 years ago. Wow, time flies! 

Post: Refacing laminate cabinets?

Johann JellsPosted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 1,632
  • Votes 875
Originally posted by @Jim K.:

https://www.cabinetdoorsdepot.com/doorbuild.php


Johann,

Completely agree with you about painting cabinets.

This isn't the DIY kiddie pool. You can measure and buy doors online cheapest, either drilled or not for cup hinges. No custom cabinet guy can compete with the prices on those, they all buy them, too. But refacing the frames -- you're going to need to know a few things about working with wood veneer, develop a new skill, adapt to new tools, etc. I'm NOT good at this. The farthest I've gone is cutting, gluing, and trimming peel-and-stick veneer panels to size on edge pieces with a small router. It's a whole new realm of woodworking for me, I'm going to be getting into it the renovation after next.

I buy the panels on Amazon and you can also get all kinds of wood veneers, tape, and veneering supplies there much cheaper than at Rockler.

This is one of those things I would never trust someone else to do well without knowing exactly how to do it myself.

I have the skill, but I'm not sure I want to put in that kind of time. I built this closet below of birch ply then veneered it with cherry and installed custom made doors from Walzcraft.

As for replacing the cabs, I have not taken careful measurements, but I assume that with those soffits and other details it would not be a 'hang and walk away' job, there would be a ton of fill strips and other nonsense. Not to mention there being a chimney flue behind the cooktop. 

Post: Refacing laminate cabinets?

Johann JellsPosted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 1,632
  • Votes 875

I have a kitchen with 70's laminate custom cabinets. It seems worth exploring new doors and refacing the carcasses rather than ripping it all out or just leaving it.  Anyone have experience with this kind of job? What does it cost? I bet I could just buy doors at Ikea. Is it possible to paint the carcasses? I've always believed laminate and paint never really works, it'll always start chipping at the corners. If I did this I'd put in granite slab and a tile backsplash. 15 years ago when I bought the place I put new hardware on the cabs and called it a day.

Once you start ripping these cabinets, you start creating a whole lot of work with the soffits etc. The floor however needs to go, it was badly laid right on top of ply and is constantly coming up.  The outgoing tenants were paying $1850, it's about 1000 ft with free shared laundry and a patio in a rapidly gentrifying area.

Post: Which Flooring for rental units?

Johann JellsPosted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 1,632
  • Votes 875
Originally posted by @Hamad Khan:
Originally posted by @Johann Jells:

All things being equal I prefer classic laminate at least 8mm thick. The newer stuff claims a 24 hr spill resistance. In kitchens I've been using Tranquility 5mm click vinyl planks from Lumber LIquidators, it's about $2/ft on sale and pretty good. I used it in a long stairwell hallway and got separations, but it was definitely longer than the reccoemnded run length. I also find that vinyl easier to cut but much harder to lay than classic laminate. Way more wrestling with it to get each piece in, it doesn't slide in the joints like laminate, tapping is much harder, and no good install can avoid tapping.

 So for rental units would you recommend using click vinyl planks or 12mm laminate? I used 4mm luxury vinyl planks on my rental units for last 2 years and i am noticing that clicks have started to break now... 

I don't have any experience yet with the new water-resistant laminate, but that would be the direction I would go in the next time I'm laying flooring.  I'm turning over unit I put down 10 mm in 5 years ago and it still looks absolutely terrific. The 5mm vinyl in the kitchen I put down a few years before that looks pretty good, but some of the seams are starting to do that little curl up thing.

Post: Latest paint colors for rentals?

Johann JellsPosted
  • Rental Property Investor
  • Jersey City, NJ
  • Posts 1,632
  • Votes 875

I refuse the gray trend and paint all my units Ben Moore Navajo White, a stock premixed beige.