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All Forum Posts by: Robert M.

Robert M. has started 8 posts and replied 128 times.

However, it appears it is coming. 

see 

http://www.washingtonpost.com/news/storyline/wp/2015/01/22/millions-of-ex-cons-still-cant-get-jobs-heres-how-the-white-house-could-help-fix-that/

Post: Potential Tenants - Real doozies!

Robert M.Posted
  • Investor
  • Erie, PA
  • Posts 128
  • Votes 65

Neither would meet my criteria. 

keep looking

Post: Refinish Aluminum Windows

Robert M.Posted
  • Investor
  • Erie, PA
  • Posts 128
  • Votes 65

fantastic job, 

what products did you use?

Post: Eviction - Sending a message or let it go?

Robert M.Posted
  • Investor
  • Erie, PA
  • Posts 128
  • Votes 65

been there done that. I made the decision that I live by rules, others should also. It cost me $6000 in damages in one property and a $6000 judgement in another that is being paid off at $200 /month. My personal values cost me money,  but losing them costs the civilization we live in more. 

There are consequences to decisions. 

good luck

Post: Property Management CompnayTurn Over Expenses

Robert M.Posted
  • Investor
  • Erie, PA
  • Posts 128
  • Votes 65

If you set the criteria for tenants, they must get tenants that meet the criteria.

Post: Max Offer on This Property?

Robert M.Posted
  • Investor
  • Erie, PA
  • Posts 128
  • Votes 65

1. Certainly area comps should be considered and used to evaluate an offer.

2. $1200 sounds low for four (4) college students, In my town it is $675/month which includes all utilities and wifi. (675*4-=2700, less $125 electric, 80 gas, 80 wifi, 50 water, 30 sewer, 30 garbage=$2300/month net rent. 

3. Range of offer $110,000 to $120,000 based on your rent estimate but higher if you charge by student ( joint and severable lease)

Post: 50% Rule Cash Flow Guideline

Robert M.Posted
  • Investor
  • Erie, PA
  • Posts 128
  • Votes 65

@Joe Villeneuve@Logan Hassinger

Joe and Logan, 

How many properties did you purchase over the last two years that met your criteria? 

I find that criteria impossible to meet here in Erie, PA on SFRs

thanks for sharing

@Michael Campbell@Richard Dunlop@Kelly N.@Pat L.@Peter Fisk@Eric H.

Thanks everyone, 

WOW, GOODMANS IT IS! 

Not very often you get unanimous recommendation on a brand.


@Eric H.

I need to replace a 25 year old furnace with a bad heat exchanger. Service man saw stains in the PVC vent pipe and confirmed the heat exchanger is leaking. 

Now what? Many choices on the market. Location is northwestern Pennsylvania. I do not pay utilities so a 90% efficient seems appropriate. 

Does anyone have experience that leads to a suggestion on brand?

Post: holding deposit

Robert M.Posted
  • Investor
  • Erie, PA
  • Posts 128
  • Votes 65

@Angela Grider Angela, You are talking to the wrong people to solve your problem.. Call ( or better yet , go see them)  the property management company and ask them if they would apply to another property that they represent.