All Forum Posts by: Robert T.
Robert T. has started 5 posts and replied 11 times.
Post: Time based fee for appliance usage

- Mount Prospect, IL
- Posts 13
- Votes 0
Thanks Chris.
I feel EV charging might take off soon for any type of complex. If you are renting a garage space, it will be unfeasible to connect an outlet to the tenant's electric meter and instead it might be worthwhile investing a bit to install a fee based charging station. Just thinking aloud here.
Post: Time based fee for appliance usage

- Mount Prospect, IL
- Posts 13
- Votes 0
Does anyone have a time based fee for using the washer/dryer or any other appliance? Anyone started to offer EV charging for a fee?
Post: First time investment - need an expert's advance

- Mount Prospect, IL
- Posts 13
- Votes 0
Thanks everyone!
Post: First time investment - need an expert's advance

- Mount Prospect, IL
- Posts 13
- Votes 0
I'm looking to buy a 2 unit property in the Chicagoland area. Price is $500k,gross rental income: $43K, net operating income: $28K. Both unit are rented for $1800. Tenant pay for all utilities. Landlord pays landscaping, insurance and property tax. CoC 5.6%. This is a cash deal.Thoughts?
Post: Cellular Controlled Devices

- Mount Prospect, IL
- Posts 13
- Votes 0
In the real estate industry do you ever need to control a device or reboot a device remotely? Let's say the tenant doesn't pay on time you start turning off amenities washer/dryer or some other device. Or is there any device that the tenant keeps calling stating it doesn't work when a simple reboot fixes the issue?
Post: Remote humidity & temperature sensor

- Mount Prospect, IL
- Posts 13
- Votes 0
If anyone is interested he is the link to the sensor www.logmor.com
Post: Remote humidity & temperature sensor

- Mount Prospect, IL
- Posts 13
- Votes 0
Thanks Scott.
The one I created makes it impossible for the tenant to change any settings and they can't mess with it.
Post: Remote humidity & temperature sensor

- Mount Prospect, IL
- Posts 13
- Votes 0
I don't think there is any rights of privacy being violated but check with a lawyer to make sure . As a landlord you are required to provide a minimum temperature during winter also you can in the contract that temperature measurements maybe taken at any time.
Better yet add a fee for excessive heating or cooling or take other actions if needed.
Post: Remote humidity & temperature sensor

- Mount Prospect, IL
- Posts 13
- Votes 0
As a landlord have you ever needed a remote humidity & temperature sensor to monitor your property?
I created a cellular network temperature & humidity sensor with real-time alerts. It runs on cellular LTE network so there is no need for a wifi network or any IT knowledge. Just power it up and login to a website.
Is there any interest for such a product in the real estate industry? This not a wifi thermostats. It reads and logs the sensor data every minute and displays them in a dashboard with historical data and allows you to setup alerts(email, sms, etc. )based on the thresholds.
Post: Providing a service to MDU ( >50 units)

- Mount Prospect, IL
- Posts 13
- Votes 0
Anyone?