All Forum Posts by: Pat L.

I don't think we are trashing NYC en-masse but due to the crime, politics & after effects of Covid there will be a paradigm shift in the demographics. As I posted my nephew & many of his expat friends from NYC made the move purely for the quality of life & safety of their families.

More than 100 key Goldman Sachs employees are reportedly poised to migrate from the firm’s New York headquarters to a new office in Palm Beach, Florida.

The snub to the Big Apple — which comes as Goldman bankers reported back to the office on Monday after more than a year of working remotely — would mark a shift in Goldman’s more than 150-year-old, New York-centric strategy at the hands of Chief Executive David Solomon.

https://nypost.com/2021/06/15/...

We bought a MF in which the tenant had run a similar facility. She had vacated to another home as code enforcement came down on her. So code compliance would be a good place to start.

By coincidence I later visited the 'new' facility she had bought & established with a fellow contractor. It was nowhere near code & she had 2 occupants jammed into small bedrooms without closets or windows. One small bathroom for 7 paying occupants. Egress was lacking as most windows & doors were locked, no sprinkler system nor smoke/CO detectors that we could see. No wonder she didn't want permits pulled for the work she needed done.

We do not have a choice. Insurance Carriers & Building Inspectors deny coverage & inspection approvals on K&T & old ungrounded circuits.

I did one myself & as @Eric James said it's a couple of days work & for me $400-$600 with an upgraded service feed, upgraded panel & all new wiring to ALL new outlets. Also here many circuits required 12/2 ga. GFI outlets & appliances require dedicated circuits to the panel. Furthermore any new circuits here require AFCI breakers that 'break the bank' to purchase. Some guys put them in & then take them out after the final inspection. Given what we wanted to do & the code requirements an electrical contractor quoted $6k for the complete rewiring, so I pulled the permit & did it myself.

Also here the Building Inspector has to approve & sign off on the permit & electrical inspection before the utility will reconnect.

Go online to "repairclinc.com" they have a wealth of knowledge on appliance repairs & OEM product cross compatibilities.

We had a Samsung glass top circuitry fail on us & using the model # & Serial # I called Samsung & found it was warranted for 5 years so they 'eventually' showed up & replaced the entire glass top. Been running for another 5 years. 

We also had the marble counter top install guys break the ceramic glass top of our Siemens Induction Cooktop. That cost them $980, but at least they honored it.

Not in Florida but years ago we made a damage claim after a freak ice storm up here. Hated to make the claim but it was more than we could handle ourselves. Coincidentally,  the same insurance company covered 30 odd investment properties at the time, all of which were free & clear. The ice storm damage was $5,000 & they paid for the repairs, then immediately dropped us. We shopped around & had another company write policies for the rest of our properties & 20+ more after that. That $5k payout would have been recovered in a year if they kept us but the carrier seemed to lack any logic or repeat business foresight. 

Parasitic Insurance coverage is nothing more than the proverbial symbiotic relationship that can & will suck the profit per door from any REI....

Check your bylaws in some towns here if the Cops etc are called too many times the Landlord gets a citation, hauled into housing court & fined. It apparently works well.

We're still self-insured going on 13 years hoped to sell now next year, but Snowbird tenants keep wanting too return for 7 months.

my dad always said 'you can't lose money taking a small profit' & you can't buy time.

if he only knew what the properties he bought for pennies on the $ were worth today.....

We have a 'fussy' works from home tenant of 18 months, in a high end apartment. Cat food left out caused a visiting mouse issue (semi-rural location), so she wanted US to get an exterminator for the mice. She also wanted an exterminator for the swarm of alcoholic fruit fly visiting her empty Wine bottles, not rinsed but a haven for sludge/dregs & fruit fly wine tasting. We often remove 15-20 bags of empty recyclable cans & bottles every other month ($44.50 last count). But we give these to the Disabled so no problem. BUT who drinks that much crap. 

Now she wants the 3 year old living-room carpet replaced because it smells like animals. This apartment never had pets before (occupied by a relative) & yet her two cat litter box reeks.  Now this week she is complaining that her 8k BTU window a/c in the bedroom is not effective so our electric circuits must be too low to feed it. Her BF is apparently an expert on electrical circuitry ???? BUT she has the 40inch x 60 inch screened living room windows wide open day & night. She must have missed that science lesson on ambient humidity.

Pays on-time but the texting drama is fatiguing but hilarious.

We have a waiting list, so can't wait for the inevitable "so we're leaving" !!! 

Even the culled scrap Lowes & HD are tossing out @ 70% off is still higher than studs a year ago... & its picked over & gone an hour after opening the store.