All Forum Posts by: Ryan M.

If those prices are right on insurance, get out of this deal before your stuck with it

The numbers I am seeing must be different than yours?

Comes in a 1.1%

7 People, hopefully they pay water

We have oven boards that go bad from time to time but never turn themselves on. We purchase new boards on Amazon, last one was around $73. If the rest of the stove is good we replace the board, knowing a new sealed burner stove is around $440.

Believe nothing on an application until it's verified.

As long as the lease doesn't say it's a included item, I would get the thing out of there and keep the rent the same. Not only is it a unneeded hassle it's a liability claim waiting to happen.

Why is the A coil missing in the first place? Likely the condenser failed and the good coil was pulled and sold or traded.

You guys did everything correct, once aware of the problem you investigated in a timely manner and made the corrections promptly. Negligence would be doing nothing after being made aware.

Why is a hot tub provided in the rental?

There was a fatal flaw with the low down payment NOO which was a large part of the housing meltdown. A hiccup came along and wiped these rental properties out which resulted in many losing their primary home and ended in BK.

History has a way of repeating itself and if the requirements are lowered on NOO loans than I don't know what to say......

However, personally I wish everyone would jump on the rental buying bandwagon again with "low interest rates and little skin in it" The outcome of the last cycle allowed us to buy many short sales and foreclosures at prices I never thought would be possible. Now we haven't bought anything in 16 months because people, in my opinion, are paying to much in a market that is still on thin ice.

How many years have your rentals produced enough cash to replace your income, 2, 5, 10 years?