All Forum Posts by: Richard Elvin

I've looked for something to disable the notification for "replied to a comment", which is inaccurately described, there was a reply to the thread, after my comment, but nobody had "replied to my comment". I haven't found any way to disable these notifications, without disabling all forum notifications.

@Mike Dymski There's a thread about that issue also: https://www.biggerpockets.com/forums/25/topics/1145696-pleas...

Every thread I open now has a pop-up about "Votes", it's annoying! I have to close the pop-up to read the thread, and no, I don't want to connect with these random people with whom my only interaction was being interested in the same thread!

Every thread from this morning:

@Vlad Selsky
1) Yes, the HOA can amend bylaws at their discretion and then enforce the new rules.
2) IDK.

 As a guest vs an owner, I definitely feel better about going through Airbnb/VRBO. I also work in IT, so I'm probably less trusting of "some page on the internet" than your average guest.

I think they plan for it to increase their coffers, not deter STR. If they were only concerned about detering STR they would probably use zoning vs taxing.

@Colleen F. Because she isn't really a roommate. The OP stated that "Any property I buy I eventually convert to an investment...". The HOA has a cap on rental units and the OP has stated that "I have been on the rental pool waitlist for 2 years as well...".

It appears that the OP has attempted an end run around the HOA rules and is now paying the price. It sounds like they don't have a specific penalty for renting illegally renting out a unit, so they made one up on the fly. (There's likely a clause in the HOA docs that allow them to do this, I know my HOA has a clause that essentially allows any/all remedies.)

@Mergim Kacija I would pay the fine and move on. What if you try to fight fire with fire and they decide to penalize you $1,000/day for the entire time you "had a roommate".

I'll add Whirlpool to the mix, but agree with LG and would add Samsung to the not recommended list. LG and Samsung make great electronics, but appliances are a different animal.

I'm not sure if the property itself is a good investment, but as far as a conventional loan, you won't be able to put 5% down and use rental income to qualify. AFAIK

You can look into a DSCR loan. That would use the property income to qualify the property.  Just search for DSCR on the forums, if you're unfamiliar with the term. 

Hope this helpful and good luck!

From a legal standpoint (not a lawyer) if you "...become lenient due to credit score or past rental history..." with one tenant, but then you hold the line on another tenant, you are opening yourself to being sued for discrimination. The major defences in such a lawsuit are that 1) my qualifications are reasonable, 2) I treat every applicant the same way. 
That's one of the reasons I loved pre-screening through an app, the applicant either matched the (reasonable) qualifications or they didn't. Then I rented to the first qualified applicant. 
The application process documented everything. (IE, who applied first that was qualified)