All Forum Posts by: Sai T.
Sai T. has started 60 posts and replied 607 times.
Post: Four months Past due and eviction order
- Investor
- West Chester , PA
- Posts 618
- Votes 138
Yes, tenant reported issue with powder room. Tenant is professional liar. See the audacity of the tenant to ask to fix it when she own $8K
Post: Four months Past due and eviction order
- Investor
- West Chester , PA
- Posts 618
- Votes 138
Yes, there was no issue and tenant has been living since April.
My question is, am I supposed to respond to the tenant when they owe me rent for the last four months?
Quote from @Henry T.:
Tell her to send pictures first.
Was the line checked and clear when she moved in? Whoever plugged it up after that is responsible.
Unless something in the building failed. Broken pipe, roots? If she dropped a racoon in there it's not your problem.
I don't know your stituation, but this is my policy.
Post: Four months Past due and eviction order
- Investor
- West Chester , PA
- Posts 618
- Votes 138
The tenant has not paid the rent for the past four months, totalling $8,000.
I obtained a judgment to evict the tenant, but she appealed in the county court in Pennsylvania last week.
She emailed me today, requesting that I send someone to fix a clogged bathroom.
I'm not sure how to respond to this situation. Please help.
Post: What kind of marketing is this ?
- Investor
- West Chester , PA
- Posts 618
- Votes 138
Wow, the buyer is kind of threatening me because he did not hear from me. He is sending me final notice to buy the property. I don't know if this type of low-cost marketing advertising will work. Have you ever seen this ?
Post: Electrical question: Is this illegal?
- Investor
- West Chester , PA
- Posts 618
- Votes 138
I’m not a electrician but my common sense is that it’s illegal illegal code violation. Why RED wire is not connected?
Post: Rental current residence
- Investor
- West Chester , PA
- Posts 618
- Votes 138
Yes but it won’t double Insurance premium.
Originally posted by @Raymundo G.:
I'm living in these house for three years, I recently refinance to lower the interest. So I call my bank and ask if I could rent these property and get a loan for an other house, they said I have to refinance and put it as and investment property due to the insurance. So as an investment property the interest will go up. Is that right?
Post: Should I rent or sell?
- Investor
- West Chester , PA
- Posts 618
- Votes 138
I will sell if I get $1,400 for $200K
I expect minimum 1% rent of the value of the home I.e. $2K rent for $200K
Post: Found a house on a cesspool
- Investor
- West Chester , PA
- Posts 618
- Votes 138
Unfortunately no experience and personally I avoid septic properties because it’s very costly to replace it.
Only 1-2 companies install septic and county requirements. I can not call any handyman or GC to do the work.
Recently I did not buy a good location and tenant occupied property just because of septic.
Post: Found a house on a cesspool
- Investor
- West Chester , PA
- Posts 618
- Votes 138
Yes, it’s worth it if you run your numbers and if you think you are going to make decent profit.
Post: Investing in South Florida
- Investor
- West Chester , PA
- Posts 618
- Votes 138
@Kevin Kohler good luck 👍