All Forum Posts by: Matthew Paul

@Shervin Golgiri Seller not paying buyers agent commission wont have any bearing on finding qualified buyers in a sellers market .  The buyers will just have to negotiate with their agent on what fee they will be paid and how it will be paid . 

I just sold my house , agreed on a price but told the buyers agent to add their commission to the sales price in a fixed dollar amount . The agent now had to go back and negotiate with their client for $$$ . I got push back from the buyers agent asking me if I was going to tank this deal for a bit over 10 grand , I told him , no , but you are .   

 For a day laborer here , its $200 a day minimum or you wont get anyone 

A lot can happen in a year . 

@Kevin Sobilo  $15 an hour ?    Thats the pay for flipping burgers .  AND they cant find help . 

Bring bodies with you , and lots of contractor trash bags all ther things get stuffed in bags . In my area the sheriff is there to remove the person and keep the peace . You and or your crew empty the house as quick as possible . Everything goes to the curb . 

In this heat have lots of cold bottled water for the guys .   Have soap and towel, face masks , you dont know how the tenant lives . 

Have new locks with you for the doors . 

DO NOT  LET THE TENANT HELP 

Even if they put a trash can , who would empty it ? 

Fix the cabinets , paint them white ( Sherwin williams gallery is an great cabinet paint ) .  Some led recessed lighting in the kitchen and a new counter top . LVP flooring the whole level , including bathrooms . Yes new toilets and have the tubs reglazed as well as the tile walls . 

Cost ?     All depends on your location 

More rent ?    Dont know your area 

Read the lease , if thats what it says and you and your daughter signed it , then they can take you to court and will probably win 

All the same things can and will go wrong in your own home . Can it be stressful  ? Sure . And yes plumbers , electricians , handymen can be expensive , you have 2 options pay someone , or repair it yourself . 

Dont know what condition the houses were or are in , but generally speaking , older homes that are "deals" cost more in repairs .  

I cant tell you what to do , but investing in rentals over the long term has been great for me , some times there are more repairs , sometimes less , but thats just the nature of the business

 Of course there is a real estate crash on the horizon .  Now , how far away is the horizon ? How long will it take to get there ?  Sure real estate will crash but when