All Forum Posts by: Michael Plante

I never have those items inspected 

I just figure I will need both of them new 

I know exactly how much they will cost me in my farm area I work in 

I base my offer on this 

If they turn out to be ok I make more money on the flip 

Proves you are legit 

I find it easiest to do this 

I find a house on Zillow I am interested in.  I copy and paste the listing agents name into Google and add cel phone number to the search (Zillow gets in the way of texting the agent with the number they list)

I text the agent with the link to the house I want to know about. I also text a copy of my drivers license. A copy of my POF letter. And ask If I am interested would you be able to submit an offer for me?

I have found this works very well 

To me if a renter pays a monthly fee for an animal they fell they have paid for damages the pet will do 

I prefer to up the rent and state what pets are allowed.    I end up with the same amount of money each month and the tenant doesn’t feel they have a free ticket for their pet to mess up the house 

And of a renter takes the place and I let that is a bonus 

How close are your other rentals?

Talk to a local real estate agency and see how you could apprenticeship 

Curious when does their lease end?

When I went to college rent was collected upfront for the entire year 

as well as 2 months security deposit 

Rentals closer to the bars rent for more money 

Quote from @Nicholas Bronte:

Hi BP,

I have a duplex that I plan on using as a long-term rental.  There is a single bathroom in each unit.  In each bathroom there is what appears to be an older clawfoot tub that has been "built-in" with painted plywood or cement board.  There are no showers, likely due to the fact that the bathroom window prevents installation of a proper tile or prefab surround.  I have come up with the following options so far:

-install shower with glass block window with tile surround and bath vent fan (no idea as to how waterproof this may be)

-demo old tub, wall off window, install prefab tub/shower combo and bath vent fan 

-reframe window to be much smaller and higher on the wall, leave existing tub, install tile surround and plumbing for shower

-leave as is and hope tenants don't care about not having a shower

In most of these cases it seems to really just boil down to whether I want to have a window that can be opened to alleviate wet room moisture, or install a vent fan.  I'm kind of terrified of water penetration/damage in general.  Any opinions as to my current options, or new thoughts as to how to make your rental unit bathrooms bulletproof in terms of water damage would be appreciated.  Thanks!

Why are you renovating?
How much more will you be able to  charge per month if you renovate?

What about just adding a shower to what you have now 

2 Full time onsite managers for 74 units x per bedroom.  Seems very excessive 

Do you have enough money for multiple down payments to buy rentals?

If not then learn to flip