All Forum Posts by: Lorin K.
Lorin K. has started 32 posts and replied 132 times.
Post: Remotely monitor water meters for leaks

- Tacoma, WA
- Posts 141
- Votes 29
What you are talking about is a flow meter. Taking its output and sending it to a embeded computer that also has a web server on it is what you are looking for. I have such a embeded computer. It is very small but I need to code it then built the web interface to show its flow rates. Would anyone buy it in the real world? not really. Take your water meter rates, and see if the water spikes if its monitored electronically. Is no, just monitor it montly and if you see a unusual spike, give the tenant a call.
Post: Rant: why do water leaks happen on weekends and holidays!?

- Tacoma, WA
- Posts 141
- Votes 29
LOL you are luckly the renter was home!
Post: Attorney said a seller can sue the buyer who sells contact

- Tacoma, WA
- Posts 141
- Votes 29
One other way is to create the contract contingent to the buyer buying the property outright with cash at escrow and pay the fee to me for selling the contract. I would have to get a credit check and see if he has performed on other contract purchases.
Post: Attorney said a seller can sue the buyer who sells contact

- Tacoma, WA
- Posts 141
- Votes 29
The attorney said that if for example, I were to make out a contract that in the sellers line add in "And or assignee or nominee" that I can be sued if the buyer of the contract defaults on the purchase of the house.
How many of you heard of this?
Post: Worst Hoarder House Ever

- Tacoma, WA
- Posts 141
- Votes 29
Here is two pics of a hoarder house south of Seattle. Asking price was 50% under market value.
What is the fastest way to get rid of the trash? If your city has a Concrete Vacuum truck, then it will pull everything out of the house of that size in four hours. The hose on those trucks is really large. yes....houses like this scare away 95% of the buyers but as long as the bones,electrical,plumbing, hvac are in good working order then pick up houses like this for cheap! Got to the city and into the bylaw department and get a list of the houses that fall into this category and make a offer to the home owners who may be selling there house.
Post: Law about holding and not giving deposit before move in of tenant

- Tacoma, WA
- Posts 141
- Votes 29
Canada may have different laws.
Post: Law about holding and not giving deposit before move in of tenant

- Tacoma, WA
- Posts 141
- Votes 29
I live in a very expensive area "I rent" where tear downs go for a million dollars. I made a deposit for a place and then, 2-3 days later backed out on the 10th of the month. I backed out of the rental agreement and the landlord "she was a master renter" would not return my deposit. She gave a typed up receipt and signed it. I was going to make a complaint to the provincial goverment but the deposit was so small minus the 100 dollar application fee, it was not worth my time.
Do the laws of your state say a land lord can hold onto and not give back a damage deposit "she was acting like it was a hold deposit" if the tenant applicant backs out of the rental agreement? The walls in the place were purple and asked her if they were going to be white she said yes.......I bed she used my deposit to pay the painter to paint the room white.
Post: Tenant Applicants say the dumbest things

- Tacoma, WA
- Posts 141
- Votes 29
I have now to never believe what a person says!!! I could care less about the tenants or land lords stories.
Post: FIRST FLIP - $23,500 PROFIT

- Tacoma, WA
- Posts 141
- Votes 29
Very nice story :)
Post: Beginner Investor from SSF

- Tacoma, WA
- Posts 141
- Votes 29
Welcome roman, SF is a over heated market...look to the middle of the country. I came across a colored chart b Trilia that showed the rate of return for a rental property and middle of the country and upper great lake region have high rates of return. One local investor even had properties costing 25k in eastern Canada that give a really good return. Give me a should If you want to be a partner. I am always willing to provide a good return when I find a property that maches our criteria.