All Forum Posts by: Scott Mac

Let's turn this crystal ball a little bit, and look at OWC from another angle.

Something that hasn't been brought up is the no money down dreamer who is just starting out with empty pockets.

And also the risk that may be associated with not having experience in this business handling a refurbish and bringing a property up to stabilization.

What I'm saying is, a cash cow for some, might be a very sharp tooth alligator for others.

Just my 2 cents.

If it were mine, I would have the same company come out that did the install and refurbish the area back to its original condition.

And dun the security deposit for the amount that it cost to restore it.

All the while remembering- there are no pit cats, only pet cats (and dogs using the backyard as a restroom is one of the reasons I think cats make better renters than dogs).

And the reason I say cats and dogs are both renters, is because the signatory to the lease typically considers them to be family members.

Move to ban their pet, and see how long the signatories continue to pay you rent or just move on. 

Good Luck!

Your outdoor setup reminds me a little bit of this classic movie scene:

https://www.youtube.com/watch?v=JrYtD7gSWsI

I think this owner needs to screen his renters a little better, And fix that hole in the wall.

 For @Carl Stenberg' .....

It seems like that would be a question to ask the attorney that set up the trust up.

Can you not get courtroom legal defense from the attorney that set this up - or is this person just telling you comply with the subpoena you have no choice ? 

Good Luck!

Small claims against the lender maybe, maybe, maybe???????

Find out if you're required by the local code to have a medicine cabinet before you take it out.

If it were mine I would leave the shower alone, as has been said above let the renter bring a shower curtain.

A nice touch is to provide some nice metal shower curtain hanging rings already installed on the rod and a nice translucent milky colored shower curtain that fits, brand new sitting on top of the toilet tank waiting for them when they move in- so they can take a shower and not have water go all over the floor for the first few days. Check out dollar store for something like that.

In the same vein having a new role of toilet paper on the roller for them is a nice touch also.

As far as the sink area, if it were mine I Would replace the bar sink with a large white or maybe beige oval China Bowl. Simply cutting out bigger hole in the top. I would also opt for a taller faucet set into the edge of the sink rather than the countertop.

I would also explore how much work it would be to move that white cabinet from the left side to the right side including replacing the floor underneath because it probably is not vinyl. My goal with that would be to have a small seated vanity where someone could sit down on a bench. With a small bench in there that the renter could slide in and out and sit on. Some ladies like to have this to put on their makeup or do other personal things.

Mirror. Even If there is no requirement for a medicine cabinet I might move it to the side on the left side, And have a mirror cut to fill the entire back wall up to the 7 foot mark if possible for tall people. Little light fixture above it such as the ones that you see with four white globes and the bulbs inside.

Or I might just leave the sink area alone other than changing the sink and the faucet, while fixing all of the chips and paint issues on the front face of what's already there.

I would be looking to do this on the cheap. I think that the sink is a detractor and the faucets coming out of the countertop are going to be a problem for the countertop if they leak, whereas if they were in the sink edge the leak would go down into the drain.

The positive to having the sink drain side open to the renters eye is they can spot water leaks before they turn into major mold issues and placing a pretty trash can in there gives it a home in a small bathroom. Although some people believe this makes the unit look very motel like. There may be no difference in rental dollars or desirability for covering it up other than the personal taste of the owner.

Good Luck!

https://www.homedepot.com/p/KRAUS-Elavo-22-in-Oval-Porcelain-Ceramic-Drop-In-Top-Mount-Bathroom-Sink-in-White-with-Overflow-Drain-KCT-101/323337066

To me that looks like Romper Room or Sesame Street. 

I cannot imagine someone spending their hard earned money to make their room look like that. 

Personally I prefer more classic look in a room, with an upscale touch, but not so upscale that is too formal and stiff.

Just comfortable looking, and comfortable feeling. 

A place my extended family could come and visit me at and be comfortable sitting in the room.

Such as in the pictures below.

You have some money, and it is wise to have cash reserves available as well as the down payment and closing costs. 

Your lender will probably require a certain amount of cash reserves so it would be wise also to look into lenders who might lend to you -- and get to know their requirements.

Ultimately your expansion ability is going to hinge on your ability to borrow money, which to a part relies on how much down payment you can get.

Just my 2 cents.

Why would the landlord not want to be the managing member/ sole member of the management company and just take its earnings back onto his 1040 directly without passing them through to another shell company?

If the landlord draws a lawsuit while acting under the cover of the management company llc, wouldn't he or she prefer not to have privity with the llc that holds the title to the properties?

Such as in a slip and fall suit, or a broken stair tread lawsuit.