All Forum Posts by: John Collins

John Collins has started 45 posts and replied 311 times.

What part of town is it in?

West houston near the energy corridor.

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Renting out a very nice house for 4k a month... unfortunately by the time I bought it and got it ready for showings, it was September and the summer was over (it is very much a family with kids going to a nice school type place). IN a place like Houston, very limited in terms of who would want to rent at this price. Mainly corporate oil type expats.

I'm wondering about ways to market this other than the usual MLS listing and realtor (I've had her for a while but she started putting it out at 4.4k which was WAYYY tooo high).

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Originally posted by @Matthew Couto:

@John Collins Anytime I meet with anyone from CL I never do so alone. Also they might not be telling you there correct location for their own safety reasons. Ive had someone drive 3Hrs for some weight sets I had, I guess you have what they were looking for! Should have asked for a few $'s more :)

Lol, well, clearing out the house is a priority atm.

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I am clearing out an apartment for sale, and one of the items I left the previous tenant was a bed frame . It's real wood and pretty good quality.. but I wouldn't expect more than $200 for it as it is used and has some marks. I put it up for sale, mainly cause I want someone to haul it off and someone from craigslist was interested. Just found out he is driving from 3 hours away (google maps tells me 4, and a different state) to pick it up.

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Originally posted by @Russell Brazil:

What is being offered for the other units in the building? Gage yoir competition.

I have done my due diligence, and also seen all the other sales of similar apartments in the surrounding area. There are a lot of new condo's coming up with more amenities that have saturated the market.

This is more about changing the contract to say a Buyer's agent fee of 2%, as a realtor, you still want to make the $4-4500 right... you won't just ignore a property.

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I am using one of those 1% listing services for a $215k condominium (pricing it very low to sell, great condition, just want liquidity) and am wondering do I really need to give the buyers agent 3% at this competitive of a price on a straight forward condominium? How much would it hurt me to offer 2% in the contract? It's still an easy sell.

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Originally posted by @Charles Goetz:

@John Collins Somewhere they should be a metal box on the wall that houses all the electronics. I'm familiar with the ADT systems and I've never seen one wired direct so there should be a place where its plugged in. Doesn't mean that it's not, but very unlikely. What you're looking for is small box about 2 inches x 2 inches that's plugged into an outlet. There will be a small low voltage wire running from that to the metal control panel.

Now if this house is fairly new, they may have installed the system when the house was built. If that's the case, there will be a flat panel on a wall in a closet or utility room. Sometimes it's a plastic panel. Wherever this is, it's plugged into the power somewhere. If you can disconnect that you will need to also disconnect the battery to it that acts as a backup power source.

I've seen these located in bedroom closets, coat closets, utility room, somewhere that's accessible though. Personally, I would not bulldoze the house over this though.

There was a pretty big box in the master bedroom closet. It was high and located close to the ceiling, but sure enough that was it. However, it was not the transformer which I was told was located separately and plugged into an outlet that powers the system. I could not find the transformer anywhere, had wasted too much time so I just took some pliers, cut the wires of the main unit while it beeped, then let out a sigh of relief when I cut the final wire and everything went silent.

Trashed it, and patched up the hole with drywall and mud. Disconnected the telephone chord from the unit in the master bedroom closet, there's alot of elaborate wiring in there that I will forget about.

Ahhh.... feels good.

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Originally posted by @Paul Sandhu:

If you have 10 minutes and a screwdriver, you can change door locks, knobs and deadbolts. You don't even have to change the entire thing. Just change the part that has the key. The part that stays in the door stays in the door and is reused.

You paid too much. It's a business transaction. With every business transaction one party ends up richer and one party ends up wiser. I have 23 front doors.

Are your front door locks the same as back door locks?

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Originally posted by @Charles Goetz:

@John Collins Somewhere and it's probably located by the control panel you will see a wire that is plugged into an electric outlet. This panel is not the same as the keypad and is a big box anywhere from 12 inches to 24 inches in size. These are usually in a closet or out of the way room. If you unplug it from the outlet this will kill the power. There is a battery in the big box you can unplug as well. You can ask the alarm company to pick it up, but I doubt they will. They don't re-use them.

I looked around for this and didn't see anything. I do know there's internal wiring that could lead anywhere so is turning off the breaker to the kitchen (where alarm is located) an option? I'm going to give it a go tonight.

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On a side note, should front and back door key locks be the same?

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All Forum Posts by: John Collins

John Collins has started 45 posts and replied 311 times.

Post: Ways to market high rent SFH

Post: Ways to market high rent SFH

Post: Is this normal (clearing out house)?!

Post: Is this normal (clearing out house)?!

Post: Buyers agent fee of 3%

Post: Buyers agent fee of 3%

Post: Security System on Rental Homes

Post: Cost of Changing Locks?

Post: Security System on Rental Homes

Post: Cost of Changing Locks?