All Forum Posts by: Tanner Sherman
Tanner Sherman has started 7 posts and replied 322 times.
Post: Consecutive Storms Cause Damage to Tenants Car

- Real Estate Broker
- Omaha, NE
- Posts 329
- Votes 203
Originally posted by @Theresa Harris:
You are having someone come and look at the tree. Windshields shouldn't cost that much to replace. I'd offer to pay $100 (which unless they have a fancy car, should cover about half of it). I'd also state that this is a good faith gesture only. If it was me and my car, I'd pay to have it replaced and wouldn't go through insurance as the deductible is more likely higher than the cost to have it replaced....then again I opted for the lower insurance premiums which didn't cover front windshield replacement and saved me more money.
This is a great idea too! I like this
Post: Consecutive Storms Cause Damage to Tenants Car

- Real Estate Broker
- Omaha, NE
- Posts 329
- Votes 203
Originally posted by @Benjamin Amaral:
Originally posted by @Kenny Dahill:
@Benjamin Amaral, I can't help but think of George Bush quote here: fool me once, shame on you. Fool me - you can't get fooled again.
If there was a previous accident with the tree and they continued to park under it, that's on them! I assume Renter's Insurance would help cover part of this as well.
I empathize with the tenant as this sucks. But they knew the possibility that the tree could collapse again. Definitely trim the tree back to avoid this because if it fell on a person you'd have much larger issues. If you do decide to help financially, present it in a way that clearly states this isn't your fault but you'd like to support them. If it's only a windshield, most insurers will replace those free because of the increased risk potential of the glass breaking during an accident.
I'm in Arizona, land of the pebbles. Therefore, anybody who drives on the highway has experienced cracked windows.
@Kenny Dahill Thanks Kenny! I'm not sure if this would qualify for a free replacement as the branch made a softball sized hold and partially broke off into the car itself. Fortunately, it appears it was somehow only the windshield damaged, although it's possible there was minor damage I'm not seeing in the pictures just outside of the windshield.
I can't remember which insurance I was with where windshield replacement wouldn't affect the premium. If this is a great tenant it may be worth spending a few hundred to get their windshield fixed but I agree with why everyone is saying "not your problem".
Post: Consecutive Storms Cause Damage to Tenants Car

- Real Estate Broker
- Omaha, NE
- Posts 329
- Votes 203
Originally posted by @Joe Splitrock:
@Benjamin Amaral it is appropriate to have a tree specialist (arborist) look at the tree. I had a 4-5 foot wide tree in the front yard of my rental property. It had lost some branches, but looked healthy. It was close to the house, so I decided to proactively remove the tree. When they cut into it, their was a two foot wide hollow spot in the middle! That tree was rotting from the inside out and I am thankful I removed it.
Falling branches would be considered an act of God, provided it was not due to poor tree maintenance. You may not be responsible legally, but that doesn't mean you don't want to take care of the tree and the tenant.
Have an arborist look at the tree and make their professional recommendation. Use that on guidance on how to deal with the situation.
This is definitely a Who not How. My go to is always preaching to a higher power especially about things I do not understand/am not qualified to make a judgement call on. This is a prime example of why you it is cheaper to pay a professional than to assume.
Post: Consecutive Storms Cause Damage to Tenants Car

- Real Estate Broker
- Omaha, NE
- Posts 329
- Votes 203
Originally posted by @Nicole Heasley Beitenman:
I'd amend your lease to specifically state you are not responsible for damage to their vehicles, assuming such a clause is permissible in your state.
I completely agree with Nicole. Having leases that are an excessive amount of pages can be intimidating, but when you experience these kinds of things it is worth having in yours.
Post: Realistically most investors won’t replace all income W/ cashflow

- Real Estate Broker
- Omaha, NE
- Posts 329
- Votes 203
Originally posted by @Joe Villeneuve:
I agree...mainly because of the large percentage of investors here that focus on 1 or more of three things that won't get them there:
1 - BRRRR
2 - Returns based on % of investment
3 - Paying off properties.
...and not on the three most important things that can get them there:
1 - Understanding what cost to the REI really is, and the importance of recovering it FAST
2 - The difference between spending and using their "seed money", and applying the power of compounding to it
3 - NEVER doing any deal with negative CF
Joe,
It sounds like you don't like the idea of refinancing properties or paying them off, so what is your trick?
Post: Buying the 4-plex next door off market

- Real Estate Broker
- Omaha, NE
- Posts 329
- Votes 203
Originally posted by @Andrew Katz:
@Tanner Sherman that’s good feedback. I have some rapport as I’ve talked with her in the past and she seems mostly motivated by money. I figured the value proposition here would be to buy the property without a realtor saving her commission.
Saving money on commission and closing costs is great- Also, if she is willing to do seller financing you could offer a higher purchase price than if you were to finance it right away.
Post: Submeter Gas, Electric, Water in NC

- Real Estate Broker
- Omaha, NE
- Posts 329
- Votes 203
Originally posted by @Samuel Lee:
@Tanner Sherman, unfortunately NC does not allow RUBS.
Wow that is good to know, I was not aware. Then you almost have to find a way to split the utilities huh
Post: Submeter Gas, Electric, Water in NC

- Real Estate Broker
- Omaha, NE
- Posts 329
- Votes 203
Is there any room in to bill the utilities back to the tenants? Are you familiar with RUBS, or Ratio Utility Billing System
Post: Looking to get started

- Real Estate Broker
- Omaha, NE
- Posts 329
- Votes 203
That is a terrific way to do it if your current home will cashflow. If you can do that once per year you will have quite the portfolio built up in 5-10 years!
Post: Vacant Lot Purchase and Flip

- Real Estate Broker
- Omaha, NE
- Posts 329
- Votes 203
That's a sweet ROI for a quick little project- congrats!