All Forum Posts by: Richelle T.
Richelle T. has started 8 posts and replied 318 times.
Post: Buy and hold in Austin TX and the 50% rule and 2% rule

Richelle T.Posted
- Rental Property Investor
- Columbus, OH
- Posts 340
- Votes 111
I agree with the previous posters. I'm only able to make money (just now meeting 1% rule) in Austin proper after rent increases over time. I bought in 2009 and I haven't found anything close to 1% rule in Austin that not a scary falling over slum in recent years. You may also want to consider some of the lower end sections of Round Rock. A really beat up REO there would meet 1% or better. I doubt you'd have a shot at 2% until you went further out like everyone else said.
Post: Start a Real Estate mastermind group

Richelle T.Posted
- Rental Property Investor
- Columbus, OH
- Posts 340
- Votes 111
Mike Alder what a great idea. I love it!
Post: Great GC in Columbus, Ohio

Richelle T.Posted
- Rental Property Investor
- Columbus, OH
- Posts 340
- Votes 111
Tracey Marzich has great contacts
Post: Industrial Vinyl Tile Flooring in Rentals?

Richelle T.Posted
- Rental Property Investor
- Columbus, OH
- Posts 340
- Votes 111
@Gerald David thanks for the tip!
@Account Closed I was thinking about the Armstrong VCT. I'm afraid that the house will look like a shopping center instead of a home. It's pretty rock solid flooring hence my attraction to it.
Post: Industrial Vinyl Tile Flooring in Rentals?

Richelle T.Posted
- Rental Property Investor
- Columbus, OH
- Posts 340
- Votes 111
Thank you everyone for the feedback! I will check out the Allure Ultra and Lumbar Liquidator products.
Post: Industrial Vinyl Tile Flooring in Rentals?

Richelle T.Posted
- Rental Property Investor
- Columbus, OH
- Posts 340
- Votes 111
Eddie T.
The home is in a nice, low income working class neighborhood. This is far from the lowest of the low. Rents will be $650-750.
There is currently very old, worn and torn 1970s burgundy vinyl in the home's kitchen, hall and laundry. Carpet in the bedrooms. I have a friend from my local REIA who owns a home on the next street. His advice was to extend the transition piece to cover the tear and leave it as is. I would like to update it from the burgundy and navy mishmash there now. I don't want to over improve though
HUD fair market rent for 3 bedroom in the county is $1000
Post: Industrial Vinyl Tile Flooring in Rentals?

Richelle T.Posted
- Rental Property Investor
- Columbus, OH
- Posts 340
- Votes 111
Eddie T.
The home is in a nice, low income working class neighborhood. This is far from the lowest of the low. Rents will be $650-750.
There is currently very old, worn and torn 1970s burgundy vinyl in the home's kitchen, hall and laundry. Carpet in the bedrooms. I have a friend from my local REIA who owns a home on the next street. His advice was to extend the transition piece to cover the tear and leave it as is. I would like to update it from the burgundy and navy mishmash there now. I don't want to over improve though
Post: Industrial Vinyl Tile Flooring in Rentals?

Richelle T.Posted
- Rental Property Investor
- Columbus, OH
- Posts 340
- Votes 111
Hi all
I'm about to rehab my next rental. It's lower income than the one I currently have. I want to make the floors as tenant proof as possible. Has anyone tried using industrial vinyl tile flooring? It actually looks quite nice and neutral. I was going to go with ceramic tile but more than one contractor and fellow landlord told me it was not worth the money.
I am thinking that I will supply the new tenants with some inexpensive area rugs for the bedrooms and put this vinyl throughout the whole house. They can ruin the rugs, no problem, and the floors should hold up well to heavy wear and tear. Thoughts?
Post: Motivating a Seller to Sell

Richelle T.Posted
- Rental Property Investor
- Columbus, OH
- Posts 340
- Votes 111
Bump
Post: Columbus, OH Title Companies

Richelle T.Posted
- Rental Property Investor
- Columbus, OH
- Posts 340
- Votes 111
Try total title, Christina and her sister are awesome. Not sure about subject to but they probably do it.