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: Jim S

Jim S has started 17 posts and replied 243 times.

Post: Kitchen cabinet finishes....what are you using?

Jim SPosted
  • Real Estate Investor
  • Virginia, DC &, MD
  • Posts 261
  • Votes 71

Sorry, image didnt work the 1st time.
Here is an example of the rope lights installed behind the crown molding on top of the cabinets

Post: Accepting Credit Cards for rent

Jim SPosted
  • Real Estate Investor
  • Virginia, DC &, MD
  • Posts 261
  • Votes 71
Originally posted by Michael D.:
There are many good reasons for people to want to use credit cards for things - even rent, and even if they otherwise have plenty of cash flow.

Of course, that doesn't mean you have to accept them, for all above reasons.

The chargeback thing is particularly scary.

We take a deposit from my customers when they purchase from my store and then we manually enter the credit card info (not swiping thru the machine) for the balance. We received a charge back request on the balance amount about 2 months after our involvement was over. We had signed delivery forms stating everything was acceptable. The charge back request was unique in that it did not have an actual complaint from the customer but just asked for documentation. I called Visa and spoke to a representative. She told me that this is a way some banks use to collect some of their lost $$ from dead beat card holders. The banks will do charge backs to the merchants that were on the card looking for transactions that were not swiped or imprinted. If they are just key punched in.....we automatically lose. The charge card game is always in favor of the bank and the card holder.

Post: Kitchen cabinet finishes....what are you using?

Jim SPosted
  • Real Estate Investor
  • Virginia, DC &, MD
  • Posts 261
  • Votes 71

I like the dark cabinets the best.

Here is an example of the rope lights installed behind the crown molding on top of the cabinets.

Post: Kitchen cabinet finishes....what are you using?

Jim SPosted
  • Real Estate Investor
  • Virginia, DC &, MD
  • Posts 261
  • Votes 71
Originally posted by Kerry Baird:
Glad you posted a pic! The light color here helps to reflect light, making it look that bit bigger. Nicely done.

We always install under cabinet lighting which also makes a big difference. I get them from HD and they cost about $15 each. If the ceiling is high enough, we always put rope lights on top of the cabinets too.

Post: Accepting Credit Cards for rent

Jim SPosted
  • Real Estate Investor
  • Virginia, DC &, MD
  • Posts 261
  • Votes 71

Plus most banks will ding you for 2.75% in merchant fees when you accept the credit card. If your rent is $1600 per month that equates to $530 per year lost.

Post: Accepting Credit Cards for rent

Jim SPosted
  • Real Estate Investor
  • Virginia, DC &, MD
  • Posts 261
  • Votes 71

Their credit card company will always side with the card holder. We deal with it all the time in my retail store. Plus if the card hasnt been swiped thru a terminal or imprinted then you have nothing to stand on.

Post: Kitchen cabinet finishes....what are you using?

Jim SPosted
  • Real Estate Investor
  • Virginia, DC &, MD
  • Posts 261
  • Votes 71
Originally posted by Patrick Snyder:
I use white cabinets in my flips, usually painted wood. I have found that this is cost effective and that people like the way it looks, especially against a dark counter.

Definetely dark cabinets need a light granite top. We usually use a light to medium granite like Santa Cecilia.

This was a very small kitchen. We wanted to make it look as big as possible so we went with white cabinets and a lighter granite.

Post: Just starting out... how do you handle spouses fears?

Jim SPosted
  • Real Estate Investor
  • Virginia, DC &, MD
  • Posts 261
  • Votes 71

'Just starting out... how do you handle spouses fears?'

This might help!

Post: Bid desk rules changing at Home Depot

Jim SPosted
  • Real Estate Investor
  • Virginia, DC &, MD
  • Posts 261
  • Votes 71

After a lot of sucking up the manager at HD said she would take a 10% off coupon from Lowes. I went to my local post office and got one out of the new home owner packet. I returned to HD and gave them my coupon and received the 10% off. The sales person at the pro desk went out of his way to reference he managers name as the one responsible for giving me the discount. I own a large retail store and I would never make it this difficult for a customer. I never had much loyalty to HD but after this experience, I have zero.

Post: Help! Tenants trashed

Jim SPosted
  • Real Estate Investor
  • Virginia, DC &, MD
  • Posts 261
  • Votes 71

I think it's impossible to have rental properties and not have one trashed every once in a while. Part of the game. In regards to the backyard wear and tear....you knew they had dogs. It seems like a normal side effect of allowing dogs in the rental. That's why I stopped allowing any pets in my rentals. Between the pee stains in the carpet, the ad smells, and the liability of a dog bite, it's just not worth it to me. If you allow dogs as a tool to find more applicants then the damage they do should be part of your normal scope of work between tenants.
I learned the hard way that you need to make a fair decision that makes good business sense concerning their damage vs their deposit and then quickly move on. Spending time dealing with these dead beats in the future will only cost you more $$.