All Forum Posts by: Daria B.

I'm having problems setting my alerts. When I click in a box to remove the alert it doesn't do anything. Most times it's as though I hit the back button so I end up losing the alert and have to start over.

Hi,

I have an agent in the town that I live but I have no contacts in another city that I'm interested in getting into for rental investments. I contacted my agent (hasn't gotten back to me yet) to find out if they have any contacts in this other city.

Do I really need to have an agent just to look at homes? I've found one in particular and there is a sellers agent as with anything in the MLS. I'm just looking and not going to be making offers.

Thanks

Hi Kevin,

I thought I had heard it all, a tenant insisting that the landlord paint at the landlords expense. Perhaps not.... but that is new to me.

What does your lease indicate? My leases are explicit in that the tenant is not allowed to paint without express written authorization from the landlord and if authorized, it's at the tenants expense. With that said, I have never allowed this and have it in writing in my lease. With each turnover I have the place painted as it generally needs a coat.

Though your question was that the tenant wants you to pay for the painting. Does it really need it? When the tenant came into the lease agreement was there any mention that the tenant didn't like the color scheme?

Have you looked at estimates from any professional painters to get an idea of what the cost will be?

If the tenant is threatening to move over paint, sounds like something else is really going on.

Hi James thanks!

I like Flip or Flop and Fixer Upper and a lot of others that if mentioned here it would be HGTV entire line up. :) Like Brother-2-Brother those twins have a great partnership.

I also enjoy watching Scott turn a property into "magic". Mr. Mc Gillvray has quite a talent.

HI I'm Daria,

I live in Gainesville FL and like most people am a transplant from another state. I consider myself mid-versed in real estate and I'll explain why. I am new to a lot of other things in RE (i.e., multi-family, portfolio lender, flipping, self-directed IRA, wholesaling) but having bought a home that turned into an investment, I was exposed to property management, tenants, and the tax implications of now owning an investment property.

It started several years ago when I purchased my home (townhouse in another state) and eventually moved away, which in keeping turned into investment. That was my head start and honestly I didn't know anything about investments but I knew I didn't want to sell. It was finding a PM and handing it over. Hindsight was the no-fear factor as I was determined to move on and hold onto my home.

So here I am years later having purchased 2 other SF homes in my home town in the past 2 years. I was looking for a condo this year because of a constant rental but decided against it due to HOA fees. The first home was my primary home that turned into investment so those HOA were grandfathered but to buy another knowing HOA never goes down and eats away at profit, needless to say there was no emotion in the decision to re-think my options. I've found a ton of spreadsheets and I have my own that are now helping me see just where the money is going. I've used simplified spreadsheets over the years and have altered them after finding and understanding things like cap rate, GRM, and a plethora of other RE goodies.

Two years ago I realized I needed an income producing strategy for retirement. Although some would see retirement as being further than I, it's also about wanting more than the current situation may/may not offer.

I have a better than new-understanding of a lot of things after reading up on many topics over the years in RE and owning and participating in my initial owner-live-in/owner-investment property. But I'm just as new to many other things that I've not encountered, which is why I used the term "mid-versed" and am open to continue learning from those that have been where I have yet to venture.

My goal is to continue adding to my portfolio for buy-hold properties that will yield income for my retirement. If the chances of a good flip come along and am able to secure liquidity to do such a flip than I am all in. In my opinion, flipping isn't a guarantee in all areas.

Like most I watch a lot of RE shows that show flipping or buy-hold investments. It's actually interesting to see what others do and I liken it to doing just as much reading, which I have been doing as well.

I do have a full-time job and have to keep in mind the juggling that I'm doing in order to jump into the RE to reach my goal with the percentage of time that I do have.

I know what I'm great and good at and I also know what challenges me sometimes not in a good way.

Anyway, time will tell what awaits.....

Thank you

Daria B.