All Forum Posts by: Mohammed Nasser

Hi Everyone,

I currently live in San Jose, CA and I am looking to purchase my first investment property in Tampa, FL. I have a potential property that I am currently interested in and I am looking to get pre-approved for a loan. Are there any investment friendly loan brokers that you have worked with that you would recommend? Any investment friendly agents that work in Tampa that you would also recommend? I made a list of potential agents through the "Agent FInder" tool on BP but thought I should also reach out to the folks on the forum and ask if you have any tried and tested agents/brokers you would recommend. 

I appreciate any help/words from wisdom! Thank you!

 Hi @Nathan Gesner! Thanks so much for your reply! I know you're a celebrity on here and I heard David Greene and Rob give you a shoutout on the podcast the other day so I feel honored that you commented on my post haha! I did look around some more and found someone on Yelp that had good reviews and they quoted $275 instead of $650. Since it is not covered by warranty, my landlord agreed to pay for the whole thing. On the lease it only states that I have to pay a $75 co-pay which I do any time a technician comes over to do repairs. Thanks again for your reply and I look forward to reading more of your replies on the forum!

 Hi @Henry T.. Thanks so much for your reply! I did some more looking around and found someone on yelp with good reviews that will do it for $275 instead of $650. Since it is not covered by warranty, my landlord agreed to pay for the whole thing. Kudos to you on doing the repairs yourself! Thanks again!

 Hi @Greg M.! Thanks for your reply. I usually pay the $75 co-pay required on my lease any time the technician comes. I just renewed my lease in June and got a 5% rent increase. I wouldnt say I am getting a discounted rate as when I was shopping around in June, similar properties were listed for similar rent to what I am paying now. I did some more "diligence" and found someone that will fix the door for $275 rather than $650. Luckily since it is not covered by warranty, my landlord agreed to pay for it all. Thanks again!

 Thanks for your reply @Bruce Woodruff! I eventually called around and found a cheaper quote for my landlord (this person will do it for $275). Thankfully, since this one isnt covered by warranty, my landlord agreed to pay all of it! Thanks again!

 Thanks for your reply @Bill B.! 

1) The house is not old. It was built in 2013. I am not sure why the door would have fallen but it did. In the technicians report, it says "install new torsion spring system, new bearing, center bearing, bracket, spring for current door, cables (7ft), torsion tube (9 feet). Not sure which part of these failed but I hope it helps explain why it collapsed!

2) That is a good point. I was trying to call the technician and schedule everything while I was at work today and so  believe it made me slightly angry to have to take some time away from my full time job to call multiple technicians and get the cheapest quote.

3) Very true.

4) We are not on a month-to-month lease. We just renewed our lease in June (5% increase in rent).

Thanks again for your reply!

Hi @Lynn McGeein, thank you for your reply! I pay the $75 co-pay listed in our lease anytime a technician comes to fix things, which is very often. Luckily, seeing that this repair isn't covered by the warranty my landlord agreed to pay for the whole thing. Thanks again for your reply!

 Thanks for your reply @Carlos Ptriawan! I was surprised by how much the cost is to fix it. I talked to my landlord and they agreed to pay for it. 

Hi BP Family! I have a question for you but from the tenant side.

I am currently renting a house in California and yesterday the garage door spring decided to give way and the garage rolled down as I was passing under it, luckily missing be by just a few inches (I was on foot, not in my car). I informed my landlord that the door needs to be fixed and she requested I call the home warranty company which I did and they sent a technician out. The technician said the repairs aren't covered by the warranty since its an issue with the spring system and not the motor and quoted $650. I conveyed this info to my landlord and forwarded the report and quote to them and they said that they think it is too expensive and recommended I do "diligence". Mind you, things at this house break all the time and whenever any technician comes to fix whatever broke, the technicians all same the same thing: whoever built the house installed the cheapest material on the market. I'm pretty sick of always having to call the warranty company myself and waste time scheduling appointments. Am I wrong in assuming this is something my landlord has to do? If they dont like the quoted price shouldn't they be the ones looking up other quotes? I feel like I already have been doing a lot of the work that my landlord should be doing. Please let me know if I am wrong or any suggestions you may have on how I should go about this?

Just a side note, I have been at this house for 3 years and haven't missed a single rent payment. I have also been the one paying the fee for whenever a technician comes to the house to repair something.

Thank you and I appreciate you all!

 Hi @Jon Fletcher! Your understanding is correct! Turns out it has to be a like-for-like transaction. Thanks so much for replying to my post!