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

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
Followed Discussions Followed Categories Followed People Followed Locations
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: Mags S.

Mags S. has started 6 posts and replied 273 times.

Post: Who's using IKEA cabinets? Talk me out of using them!

Mags S.Posted
  • Rental Property Investor
  • Phila, Pa
  • Posts 276
  • Votes 111
Originally posted by @Percy N.:

I like the high end Ikea cabinets and in fact made a custom island in my home using their high end cabinets and butcher block counter top.

The problem I have had in using IKEA in the past for flips or rentals is that they:

1) Need you to complete the drawing in their modeler. This takes some getting used to.

2) They do not have the parts in stock and cannot give me a firm date on when they will be in (keep saying, call next week or week after....)

3) Too much assembly

If someone has a solution to address the above, I would be willing to give it another shot.

This is a timely thread for me.  I am looking at using ikea cabinets for an obsolete kitchen in a long time hold.  There are several reasons why I decided to go them (customer service *not* being one of them), but I had the same issues.  I don't know how to use their software and really don't want to invest time to learn. I took advantage of a current gift card rebate for using one of their planner services.   

- I have heard about the 'not being in stock' issue. They recently changed their cabinet lines and during the phaseout of the prior cabinet line, there was a lot of complaining going on @ home sites. I wonder if the stock issues were during that phase? Anyone know how stock was in 2015? I think the new line started in 2015. Thumbtack does have ikea cabinet/kitchen installers and they will reach out with a request. The Blum hardware used in ikea cabinets are considered first class. As already mentioned, the 25 yr warranty on them. I also like the idea of getting a new sink door in exchange for a damaged one. I'm just getting back into landlording after a 5 yr hiatus. I haven't decided how much longer I'm going to hold this SFR so I'm going for a more updated look. (That was the problem I had with the cabinets at AAA distributors in the NE. Their door styles and colors were outdated). It's in a C neighborhood so it's probably going to be more competitive getting a non-subsidized tenant.

Post: Philadelphia Landlording Checklist

Mags S.Posted
  • Rental Property Investor
  • Phila, Pa
  • Posts 276
  • Votes 111

believe it or not, but 311 can actually review the philly landlord process with you on the phone. 

Post: Worst tenant ever - I missed a giant RED FLAG

Mags S.Posted
  • Rental Property Investor
  • Phila, Pa
  • Posts 276
  • Votes 111
Originally posted by @Ruben Dominguez:

What Mike Makkar said. We put a clause in the lease that tenants are responsible for the first $100 of any repair (sans the water heater, roof, or AC) and that will deter any frivolous repair requests. Just have to be careful that tenants call you when things aren't working so it doesn't lead to larger issues. 

For those that have a tenant repair fee (like $100 noted above), how do you keep a handle on the 'Jack of all trades' or a 'friend of a friend who is a 'plumber' that the tenant may hire and may cause more damage in the long run?. Or worse yet, not report a small problem for fear of being hit with the fee and the small problem snowballs into a big repair?  (Our previous tenants were not permitted to do any repairs, not even change a washer). 

Post: Bought 1st Property, working 3 jobs, with 5 kids under 5 yrs old

Mags S.Posted
  • Rental Property Investor
  • Phila, Pa
  • Posts 276
  • Votes 111

Big congrats James.  You have been blessed in many ways.

Post: How much to spend on furnishings?

Mags S.Posted
  • Rental Property Investor
  • Phila, Pa
  • Posts 276
  • Votes 111

also check out wayfair.com

Post: Pantry or Laundry Room?

Mags S.Posted
  • Rental Property Investor
  • Phila, Pa
  • Posts 276
  • Votes 111

As a homeowner, I would not want to carry my dirty laundry outdoors to a garage to clean them.  It seems too ghetto to me.  Sorry but it would be a show stopper for me if it was the only option.  Only exception, I might consider it, is if the garage is attached to a lower level like a basement with an entry directly into the garage.   A tall pantry tower to the ceiling would suffice for extra pantry space. I would also keep the PR even if it was small.

Post: Investing rental income stream

Mags S.Posted
  • Rental Property Investor
  • Phila, Pa
  • Posts 276
  • Votes 111
Originally posted by @Steve Miller:

I'm interested in the pool of net revenue that comes from rental income and investing that some way.  Sitting in a bank account getting .05% is boring and essentially losing value. The rainy day fund is already a set aside amount of cash that I suppose could be invested in short terms (again boring) CDs or purely safe vehicles.  The revenue stream of net profit each month is what I'm looking to get more out of.  We go through so much to get a property, a tenant and generating money. To let that profit wither away in a plain old .05% bank account seems like leaving money on the table where it otherwise could be put to use.

If you don't need the revenue for a while and want to invest it for retirement, put it in a self-directed Roth. 

Post: Investing rental income stream

Mags S.Posted
  • Rental Property Investor
  • Phila, Pa
  • Posts 276
  • Votes 111

interesting question.  I'm interested in hearing some responses too.

Post: Rehab Design Help

Mags S.Posted
  • Rental Property Investor
  • Phila, Pa
  • Posts 276
  • Votes 111

I answered in a similar thread earlier, that an interior designer can help with the property layout.  Google interior designers in your area and/or look at one of the org-type sites for interior designers or kitchen and bath designers

Post: Design My Flip

Mags S.Posted
  • Rental Property Investor
  • Phila, Pa
  • Posts 276
  • Votes 111

there should be a directory of designers and usually each designer will have a page. On their webpage they should list their experience, their design style, and what type of services they offer, etc.  if you like what you read about a designer, and ask them if they would do a one-time consult for your needs.  I preferred the independent contractor designers vs those that were employed by a company so there's choices/decisions.