All Forum Posts by: Kathleen Leary
Kathleen Leary has started 2 posts and replied 355 times.
Post: DIY gone wrong or masterpiece?

- Princeton, KS
- Posts 357
- Votes 169
Wow. That is . . . . . . sure something. (Aren't I polite?!?)
Post: Wood burning fireplace in rental?

- Princeton, KS
- Posts 357
- Votes 169
I would not allow either to be used by tenants. Close the fireplace, remove the stove, etc. (you may want to leave the fireplace operable for future salability, of course) & make sure provisions in your lease or agreement address the situation.
I can't afford the insurance on my OWN home if I were to add a wood-burning stove, much as I'd like to.
Post: student housing

- Princeton, KS
- Posts 357
- Votes 169
Given that students are supposed to be studying (!), you may well need to add a co-signer on your lease or agreement. Most likely this would be a parent - check them out just as you would any other applicant. Just because they have a kid in college doesn't mean they can foot the bills. This does give you recourse if/when they skip out or tear the place up.
Post: Refinancing a rental property

- Princeton, KS
- Posts 357
- Votes 169
I'm actually in the process of refinancing one of my properties. Keep in mind, this is the Midwest, so things are probably a little different, but in my experience with banks/lenders, you just don't have enough equity in your property to warrant the risk they would have to incur making a loan on it. You'll have to increase the worth of your "dog in the fight," as it were.
Post: Tenant asked to have window shades installed

- Princeton, KS
- Posts 357
- Votes 169
My agreement specifically states that if the tenant wishes to change the existing window coverings (which I provide), they may do so ONLY by having me install whatever new hardware may be required. Otherwise, it is considered damage & will have to repaired or paid for at move-out. We go over this before anything is actually signed.
In your situation, I'd install new window treatments & be very glad they asked to have it done before bashing holes in the walls themselves.
Post: M2M or Y2Y lease, pros / cons

- Princeton, KS
- Posts 357
- Votes 169
I got my best tenants BECAUSE I offered them M2M. The husband had a high-paying job that required their relocating every year or so, & a M2M was preferable for them.
I screen carefully & have a nice property, priced accordingly. Some folks do have legitimate reasons for needing less than a year's lease & a M2M may be a selling point for them.
I am considering switching to a six-month lease, then reverting to a M2M. Almost all rentals around here are Y2Y.
Post: Own a plumbing snake?

- Princeton, KS
- Posts 357
- Votes 169
I have one - old-school arm-powered. My in-town property is rather "elderly" - personally, I'd like to see more slope from the main waste tie-in to the sewer, but that's not my jurisdiction. Anyway, I've snaked all the waste lines from the fixtures to the main tie-in multiple times. IT IS A GROSS JOB! Probably doesn't help that I have to access the cleanouts from a crawl space, lying on my back in the dirt . . . ugh.
You might consider starting with a closet auger, since toilets are a sure clog-up, regardless. Then you might decide to get a general-purpose, bigger one. It's not difficult to actually do, just annoying & GROSS.
Post: Microwave or no microwave

- Princeton, KS
- Posts 357
- Votes 169
I would not provide a microwave to any tenant. They grow legs quite often.
If you wish to go forward, keep an eye on moving sales, garage sales, auctions, etc. & stock up. Black Friday sales can generate some decent deals, too. You may be going through quite a few more than you anticipated over time.
Post: Check out this super-easy way to remove popcorn ceilings!

- Princeton, KS
- Posts 357
- Votes 169
And lord help you if someone has used texture-in-a-can to patch an area. That stuff will NOT come off. Period.
Otherwise, I may try this on my next removal. I kinda like getting right up close & personal so I don't put big gouges in the ceiling, but this has some real merit. Thanks!
Post: Tenant says oven not working properly

- Princeton, KS
- Posts 357
- Votes 169
You can get a nice stove for $100 (used!) - just replace it & take the old one to the scrap yard. You'll spend more time & effort trying to fix the existing one than it's worth.