Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Johann Jells

Johann Jells has started 130 posts and replied 1625 times.

Post: Separating Common Water

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

@Watson Hilaire

The problem with jacking up the rent is that you price yourself out against the competitors in the area

 Not if you make clear that water is included.  Around here rentals runs the whole gamut from nothing included to everything, even electric. I have a 4U property where I pay the heat as well as the water/sewer and the hot water. I realized that my cost wasn't the bills, it was the difference between what I built into the rent and what I paid.

Post: Cleveland 4 unit Property tax tripled

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

@Noam Adler So in a nutshell property taxes need to be calculated correctly when running numbers on any property.

YES! If only realtors would be honest and tell people this!!! Many folks here bought brownstones paying taxes for 1/3 of their FMV and thought it would go on forever. The realtors just told them it was a great deal because the taxes were low and their attorneys were clueless about the local tax situation.

Post: Best hard flooring for rental property

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

I'm curious, have you priced pro cleaning? I can't imagine it comes close to what removal and replacement costs. You can't just flop vinyl down over tile, there's usually too many irregularities, and good tile will long outlast vinyl flooring. I have tiled hallways 70 years old! Dirt in grout IS inevitable, a reason for going with dark grout or epoxy grout to begin with.  There's also a variety of cleaners and power devices to clean tile and grout. Check out this one for the Sawzall  https://www.homedepot.com/p/ReciproTool-Nylon-Scrub-Brush-Offset-Accessory-for-use-with-Universal-Adapter-for-Reciprocating-Saws-RCT-SCB-10/204248369

Post: Messy cable wires

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

These cable guys are vandals, inside and out. I've put in my lease that tenants must submit cable plans, they still ignore it. This mess is typical of Jersey City:

Post: Cleveland 4 unit Property tax tripled

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

You can't appeal an assessment based on neighbor's low bills, only on valid comps. We had a reval here after none for 30 years, some of the highest prices property saw a 2-3x increase, exceeding $30k in some cases. Had we done it like your county upon sale it would have been far less of a mess.

Post: Best credit card in 2019 for REI?

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

Costco Visa is 2% cash back, but they also add 2 years to warranties, significant for appliances.  

Post: Multi family hallway tile or lvp

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

Johann,  

Yes true the bare feet isn’t my concern.  Given your use of both tiles and vinyl in your hallway areas what would you recommend.  I personally feel as though the price difference is significant.  I can get tiles for less than $1 a square foot. Good vinyl planks cost upwards of $2.  Also there are already tiles on the floor which have texture which may require prep before planks are laid. So the prep may add greater cost to an already higher price.  In the end i think that even after installation i may fare better financially with the tiles.

What do you think Johann

 Prepping for tile is time consuming and has it's costs too. A lot depends on what you have there currently. I did not lay the hall tiles I have, though I've done plenty of tile work. I've laid laminate & vinyl boards over some pretty crappy floors with good results, tile would have needed far more prep and materials like CBU or Ditra. Lastly, Planks are easy to repair, just take off the toe moldings and disassemble it to remove the damaged plank.  I have one unit that I got with a terrible tile job in their kitchen & halls, laid directly on ply. The tiles come up all the time, it's not worth doing tile wrong!

Post: Water leak - what profession to contact

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

Fun. My leak last week was from a squirrel gnawing a PEX line in the attic that I ran to the top floor fridge. Started in a rainstorm which really had me running in the wrong direction! 

Sharpening you own skills in this dept will serve you well and save you a ton. I had a friend pay thousands to frack the well at his cabin when all that really needed to be done was clean the strainer on his kitchen tap. This stuff is mostly just a logic puzzle.

Post: Depreciation for an investment property

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

You say NY, but not where. In very high value areas like NYC the ratio of land to improvement can invert on small buildings, the improvement becomes the minor portion. This happened to a new infill rowhouse down the block.

Post: Multi family hallway tile or lvp

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

I would use water proof vinyl plank over tile too. Especially consider your colder climate, tile will be much colder/less pleasing to the feet than the plank. 

 Considering it's the common hallway, no one's there in bare feet! I have several tiled hallways, the only problem I've ever had was an extinguisher being knocked down and shattering the tiles. I also installed click vinyl in a hallway last year. It looks and wears great but I had a couple of separations on the long axis, at 32' it may simply have been too far without an expansion joint.