All Forum Posts by: Ron Mussatto

I have read here the multiple posts from the landlord concerned about tenant setting thermostat to the extreme causing excessive HVAC wear and tear.  But I have not seen a post about the consequences to tenant's health and unit from extreme AC temp.

I have tenants who set the thermostat to 62/63 when it is 95 plus degrees outside.  This causes moisture in walls, even cabinets feel moist (cabinets have warped).  Research shows this can lead to mold issues. This is beyond a wear and tear or AC unit and now the health of a tenant.  

Without draconian sounding measures, has anybody successfully inserted language in the lease to regarding setting temp to extremes?  

Do I pay the same amount in tax if I have it deducted from my W2 payroll (paid in pretax) compared to paying taxes at the end of the year? Do I pay the same tax rate on both?

Part 1: I need about $250k to be fairly liquid as an emergency reserve for owned properties. Where do I put this money to kind of keep up with inflation?

Part 2: Where to invest other $250k? I would like to diversify from RE a little. I will invest in more RE when there are future opportunities because of the economy but still wanting to diversify with other investments. Suggestions?

How are investors getting conventional loans (for the better interest rate) since they need to be in personal name and still be protected from liability? Is it typical get loan in personal name and the property be titled in LLC? Does this provide protection?

I am considering the merits of refinancing a 12 unit currently in my LLC name portfolio financed to conventional financing in personal name for a better and longer interest rate. My concern is the loan being in my personal name. Do I lose asset protection doing this and would property now need to be titled in personal name? How do people do this when getting loans in personal name?

I appreciate the feedback everybody  

Is it indisputable that regardless if it is “as is” , if repairs are too much, the only way to can get out with Ernest money is to have an inspection contingency ?

I am in Illinois by the way. 

@Wayne Brooksundefined

It does seem illogical but I thought I heard this on BP podcasts. 

Is it better to not offer as is and get an inspection?  At that point I feel like the only value of the inspection is if my contractor and I overlooked something before the offer. But we should be able to see all the big items anyway. 

Of course an AS IS offer is attractive to seller and increases my opportunity for more deals.  But how do I present an AS IS and include a inspection contingency?  Secondly, when I have the contract, how can I come back to buyer after inspection if I found roof needs replacing and ask for some dollars off for a new roof?