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All Forum Posts by: Scott P.

Scott P. has started 3 posts and replied 464 times.

Post: Tricky situation with the landlord-who pays for the toilet?

Scott P.Posted
  • Rental Property Investor
  • Indiana...mostly
  • Posts 466
  • Votes 245

Your post says, "It is a manufacturing fault and a new toilet needs to be installed"  Does that mean it is a manufacturing defect?  If so, why wouldn't the manufacturer replace it under warranty?  Why are they refusing? What do they say?

I understand that the warranty may not include labor. 

I'm guessing that the the manufacturer says it is not "a manufacturing fault" and but is instead an installation mistake?  If it's an installation mistake, why wouldn't the installer who put it in come back and fix it?

It's possible that the manufacturer or plumber should fix it.  I think I'd need to know more about what their positions are before I'd know my next move.

With that said, I'd think you guys would split the cost 50-50 if there is a cost that the other 2 parties aren't paying.  You both agreed to a split.  The job isn't over yet.  So the costs are not all complete yet.  The only reason it wouldn't be split 50-50 is if it's something you had more responsibility to oversee since you were there and the landlord was not.  

Think about this from the landlord's point of view also.  He let a tenant do an upgrade and he may be stuck with water damage or mold for a long time and end up paying way more than half the cost of the upgrade to fix it all because it was not done well for some reason. 

Post: Purchasing home to rent out. Neighbors breeding Pit Bulls/G.Shep

Scott P.Posted
  • Rental Property Investor
  • Indiana...mostly
  • Posts 466
  • Votes 245

I wouldn't have bought it either.

Post: Who is responsible me or previous landlord?

Scott P.Posted
  • Rental Property Investor
  • Indiana...mostly
  • Posts 466
  • Votes 245

This is a good question.

I would think that if they were not there, then there is a plainly obvious agreement between the original landlord and tenant that they appliance did not need to be there although they may have only had a verbal agreement.

If you don't want to supply them, you could offer to simply let the tenant out the lease.  I suspect that is the only remedy the tenant would get in my area if the tenant pressed the issue.

Post: What does it mean to be “ transparent “

Scott P.Posted
  • Rental Property Investor
  • Indiana...mostly
  • Posts 466
  • Votes 245

@Thomas S. made a hilarious comment!  thank you!

I'd say "transparent" means to be open, honest, don't hide things.  Treat people well and not with secret motives that may not be in their best interest.

It's a term I hear quite a bit in my area.

I've heard there are a lot of federal politicians in D.C.  So, I'm guessing the "transparency" is not the norm in your area.  ;-)

Post: tenant offered to pay 12 months rent up front should i take it?

Scott P.Posted
  • Rental Property Investor
  • Indiana...mostly
  • Posts 466
  • Votes 245

My application actually offers 5% off per month for months paid in advance.  That's quite a discount.  I've had a few people take advantage of it but not many, for example if they recently sold their home and were between houses and had $.

My State is not difficult to evict though.  So I suppose I have an advantage if something goes wrong.

The tenant takes on some risk too in paying in advance.

Post: How do you prove you sent a "Notice to Vacate?"

Scott P.Posted
  • Rental Property Investor
  • Indiana...mostly
  • Posts 466
  • Votes 245

About 10 years ago I was in a situation where I learned from an attorney that if I U.S. mailed the letter and and if the post office did not return it, it was deemed as received.  Since then, I've always done U.S. Mail as well as Registered/Return Receipt requested type mail, just in case the tenant refuses to sign for for the more formal mail.  YMMV in your State.

Post: Is This Paint Job Acceptable?

Scott P.Posted
  • Rental Property Investor
  • Indiana...mostly
  • Posts 466
  • Votes 245

I'd offer to let her pick the painter and the cleaning company and pay me up front for their Proposals.  Then I'd hire them and pay them on completion with her money.

And, I'd also offer to let her out of the lease before she moved in.

Her choice.

Post: Operating Agreement for RE S-Corp

Scott P.Posted
  • Rental Property Investor
  • Indiana...mostly
  • Posts 466
  • Votes 245

I might be able to find one from a hotel I was part owner of / part owner of an S-Corp. I doubt it's what you're looking for though. I was happy to hire an attorney to set that up. It's a bigger deal in my State than something like an LLC. I guess I'm not really able to help with this question.

Post: Small Unit Turnover Cost $2400. Need advice/help

Scott P.Posted
  • Rental Property Investor
  • Indiana...mostly
  • Posts 466
  • Votes 245

In my experience, item 1 is costing you double what I pay and item 2 is costing you double what I pay.  However, item 3 is about half of what I'd pay.  So overall it seems on the reasonable side of fair if you didn't have to do anything at all or spend any time arranging anything.

Post: Raise Rent to Market or keep good Tenant?

Scott P.Posted
  • Rental Property Investor
  • Indiana...mostly
  • Posts 466
  • Votes 245

Based on what you're saying here I would do a gradual increase unless this tenant never bothers me with anything and seems to take great care of the place as I look around while changing furnace filters or something in which case I might actually not increase it.

If the market was "hot" though, I might bring the rent up quickly.

If I was in any doubt though, I'd rather have the good tenant who pays on time at a below market rate than roll the dice on a new tenant after paying to prep for the new tenant.