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All Forum Posts by: Lily R.

Lily R. has started 2 posts and replied 37 times.

Post: Tenant wants new fence; should I raise rent?

Lily R.Posted
  • Investor
  • Saint Louis, MO
  • Posts 37
  • Votes 14

If the fence was already  partly down and she couldn't let her dog loose  before then I don't see how more of the fence being down is causing her a problem .

Depending on your area you could get tickets if it looks awful or it's dangerous.

I would just fix it if it were in my budget. If not, remove the down part so hopefully no tickets, and tell her when you plan to repair it.

The garage door at my sfh needed replaced when my tenant was placed. They were advised that it would not be done for another year but it wasn't dangerous and didn't cause any problems. I worked it into my budget this year and it's now taken care of.


I would say you can't raise rent until the lease is up.

Post: Renting a business with history of bed bugs.

Lily R.Posted
  • Investor
  • Saint Louis, MO
  • Posts 37
  • Votes 14

I hope you are getting a good deal from the person passing their bed bug units off to you for lease to buy. Is that the reason they want to sell? I would ask the owner to have a professional pest service come in and treat if they have been trying it themselves. 

Post: 3 BDR/ 1 Bath Single Family Home with Stand up Shower(no tub)

Lily R.Posted
  • Investor
  • Saint Louis, MO
  • Posts 37
  • Votes 14

It might be fine for a rental.  I doubt it would be fine to sell to someone wanting to buy a home though. It would not be high on my list to purchase a tubless house to live in for a long time. I'm curious as to why the rehabber shorted the bathroom.  Extra bedroom? Larger kitchen? Closet space?

Post: How to find a new, RELIABLE online payment service?

Lily R.Posted
  • Investor
  • Saint Louis, MO
  • Posts 37
  • Votes 14

I'm really happy with Cozy.

Post: Hell on Earth: Flipping in a Historical District

Lily R.Posted
  • Investor
  • Saint Louis, MO
  • Posts 37
  • Votes 14

Thank you for sharing your story for us new people. Oh my, is all I can say.

Post: What Appliances Do You Supply?

Lily R.Posted
  • Investor
  • Saint Louis, MO
  • Posts 37
  • Votes 14

I provide fridge (no icemaker), washer, dryer, garbage disposal, stove. No dishwasher only because there never was one.  I might add one later, it depends.  It has central AC and heat.

Post: Has anyone used loopnet?

Lily R.Posted
  • Investor
  • Saint Louis, MO
  • Posts 37
  • Votes 14

I've been looking at loopnet for practice. I only have one SFH rental at the moment, plus the house I live in. I'm taking my time. I agree with other posters that loopnet are the deals the pros don't want. hahaha! I found a multi unit in my area, but I suspect it may have had flooding issues, plus, it looked like the person bought it at to top of the bubble.

Then I saw a multiunit in the area I grew up in. horrible, horrible condition the houses were in, plus not that great of an area. I would not pay the asking price for where it was and what they appeared to need just in the photos. (one had a run of gutter that didn't even go to the end of the house, it was short like a foot, lolol)

In fact, I sometimes question any properties that investors don't want to keep in their portfolio.

Post: How to generate additional income from my 10 unit property?

Lily R.Posted
  • Investor
  • Saint Louis, MO
  • Posts 37
  • Votes 14

You mentioned rural area. What kind of tenants are you going to be able and/or want to attract? You would need to be careful offering hunting so close to the homes, unless you kept it to archery??? (I wouldn't want that liability.)

Post: Long-term consequences of allowing a smoking tenant

Lily R.Posted
  • Investor
  • Saint Louis, MO
  • Posts 37
  • Votes 14

The problem I see is that smokers swear they won't smoke inside, but they do. My co-worker smokes and I can smell it on her everyday, but it has not transferred to me or our office.  I could see smoke getting in through windows and doors. 

I don't allow smoking or vaping.  Vaping causes a slight odor and film too.

I took over the management of my one SFH with a tenant with a similar type lease requirement. They had to pay the first XXX amount of service calls. I made a temporary addendum and removed that. I prefer they let me know about anything and everything and NOT take care of it themselves. First of all, it's an investment for me, I WANT things taken care of the correct way. I don't want them ignoring things because they have to pay. Renters usually are not good money managers or they would be able to afford to buy a house. Secondly, they aren't necessarily that wise. A broken screen door glass panel they thought needed a whole NEW screen door for the tune of several hundred dollars, they had even already checked with home depot who told them the glass panel couldn't be replaced. I had the window replaced for less than $20.

I was also glad they pointed out the gutters overflowing because the previous "manager" didn't have that in the budget to take care of, and it wasn't specified in the lease. Gutters make a huge difference in water and foundation issues.

I prefer to hold them responsible for issues that they clearly cause, not normal items that are important in the longevity of the property. Of course, it is possible your tenants are standing on the toilet or something bizarre...