All Forum Posts by: Jim S.

If the daughter doesn't have the money for an apartment, doesn't have a job, and can't find her own apartment with out daddy doing it for her..........RED FLAG.

I put my minimum requirements on my listing add. It cuts down on the calls I get from the people I won't to rent to.

I would wait until they are out, (sometime furniture hide needed repairs) and inspect. How can you promise to have it ready when you don't even know what it needs. But that's just me.

They lied on the application. End of story.

I searched them. Those are great. Thank you.

I'm looking at two duplexes. The one has one gas meter so the LL pays the gas. Ideally I would (if I buy it) put in two gas meters but if that's not practical, is there a thermostat that is set at 70 deg but the tenant can turn it off or on but not adjust the temperature?

Just curious. Why don't you accept cash?

I suggest you research on "how they work". They DO NOT heat the water to a certain degree like a conventional water heater. They increase the temp of the incoming water, usually by 40-45 degrees. Lets say you want to take a shower. You turn the hot water on full. Then you turn up the cold to get the temp you want. If someone else turns some hot water on the out going water temp will drop. If you turn down the hot the unit will over heat and shut off, then you have to turn off the hot water to reset the unit and start over. Everything I read said the same thing. There is NO WAY I would ever install one. The are expensive too.

If all you want to do is own properties and have someone else do all the work. Good for you. That is not what I want. We all want different things. I have no desire to go to ANY foreign country. I haven’t had a phone call in over a year. Emails once in a while. I do all my own PM’s, maintenance, repairs, reno’s. That’s what I want to do. As far as the 50% rule. I’m at 70-75% and I am debt free. No mortgages, truck payments, credit cards. I realize this style would never work for a lot of you and that’s ok. It’s what works for me and more importantly it’s what I want. I hope every one of you can say the same.

I had a 5ft picture window replaced, it was $1000. That was with having 7 other windows replaced at the same time. Total was $4000. All on ground floor.