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: Karl B.

Karl B. has started 14 posts and replied 1795 times.

Post: How do you add value to other people?

Karl B.Posted
  • Rental Property Investor
  • Erie, PA
  • Posts 1,819
  • Votes 2,867

You identify a need, issue or problem/complaint a person is having and you offer to help them with it. 

If you solve a problem for someone or take care of something the person simply doesn't want to do themselves: you're adding value. 

And if you realllllly want to add value you can offer to do something you see that could be a potential issue.

When I worked in film I would always try to spot potential issues before they were a problem; Oh, look - we're running low on bags of beef jerky and I know that the grips will get pissy if there aren't any there for them to eat when they're on their afternoon break - better have catering head to Costco to buy some more bags of jerky snack. 

How does this story translate to real estate? Something like - I see the sidewalks in front of your rental property aren't shoveled and the city tends to ticket properties who don't shovel. I'll take care of this issue for you. And you can do so by telling the tenants to shovel, to shovel it yourself, to get the landlord shoveling quotes, etc. 

Post: Condo upstairs noise

Karl B.Posted
  • Rental Property Investor
  • Erie, PA
  • Posts 1,819
  • Votes 2,867

I dealt with this in my 20s. The builder built on beautiful lakefront land and skimped on sound-proofing. 

I complained to the HOA about the upstairs tenants and they claimed some guy in another building spent thousands attempting to soundproof and it didn't do any good.

The guy above me had wooden floors which were of course much louder than had it been carpeted. 

I would honestly go the lawyer route as HOAs are notoriously dumb. I'm totally jaded as the HOA I dealt with was so awful.

Post: Tenant issue question

Karl B.Posted
  • Rental Property Investor
  • Erie, PA
  • Posts 1,819
  • Votes 2,867

Honestly, if you're doing cash for keys simply be happy they're actually moving out.

I'm not a proponent of cash for keys but when I evict the place is never clean but I simply thank the universe they're out and that I can get the place ready for a good renter. 

Post: Buying the Cobra Kai Mansion for Airbnb

Karl B.Posted
  • Rental Property Investor
  • Erie, PA
  • Posts 1,819
  • Votes 2,867

Very cool. What a nice property! 

I propose you have a MMA tournament on the property featuring the most popular BP posters and podcasters as the fighters. I put my money on @David Greene

Post: Would you take your STR guests moonshine?

Karl B.Posted
  • Rental Property Investor
  • Erie, PA
  • Posts 1,819
  • Votes 2,867

Drop it off at the local soup kitchen. :-)

Post: Clayton Morris / Morris Invest House of Cards starting to fall.

Karl B.Posted
  • Rental Property Investor
  • Erie, PA
  • Posts 1,819
  • Votes 2,867

I miss laughing at newly posted Clayton Morris memes. 

Post: Would you house Ukrainian refugees in your STRs?

Karl B.Posted
  • Rental Property Investor
  • Erie, PA
  • Posts 1,819
  • Votes 2,867

If I'm confident I'll get paid, I would. I would even help any of them find a job if they weren't already employed. 

Post: Masks for walk though?

Karl B.Posted
  • Rental Property Investor
  • Erie, PA
  • Posts 1,819
  • Votes 2,867

Me, personally, if a tenant asked me nicely and with respect to wear a mask inside the property I would probably humor them and go ahead and wear it. 

Of course, any other unreasonable requests like: can we get a new fridge? or could you repaint the front door? - would be met with a simple 'No'. 

Post: What are the painful landlord problems no one is talking about?

Karl B.Posted
  • Rental Property Investor
  • Erie, PA
  • Posts 1,819
  • Votes 2,867

For me... tenants not reporting water leaks. I've become more proactive in checking the water meters from time to time and when it's constantly moving I investigate. But it's a major pain. For some reason when I ask all tenants if there's a leak or a drip half the time they'll say no when there clearly is. 

I just stopped a leak in one of my 4-units by having the plumber replace all the old toilets and by replacing any dripping sinks. I despise wasted water and higher bills.

Post: Do you provide fridge for you Rentals?

Karl B.Posted
  • Rental Property Investor
  • Erie, PA
  • Posts 1,819
  • Votes 2,867

In most rental markets the landlord provides a fridge. Though the one year I rented as an adult (when I moved back to Los Angeles) our landlord told us fridges are dirty and we would have to bring our own. 

Since it was a good deal ($1950 for a 3-bedroom in the Fox Hills area of Los Angeles) we were fine with it. It also helped that the apartment building had an elevator!