All Forum Posts by: Tucker Whitcomb

Hi folks,

I'm bidding on a property this week that had pipes freeze and the basement flooded up to six feet. It's drained now and I'm trying to figure out what all it will take for rehab. It's an unfinished basement but I know I'll need to replace the pipes, the HVAC and possibly the electric panels. But is there anything I should watch out for in terms of mold, foundation issues, etc?

Thank you all,

Tucker Whitcomb

Lion River Realty

I have a small portfolio (only 4 units) but I signed up for Buildium so I could use their rental payment features, specifically PayNearMe. Your tenants get a portal they can log into and pay electronically. They can set up auto-pay or pay by credit card. PayNearMe is a really cool service for those non-tech tenants that want to pay in cash. They get a barcode and can go pay cash at any CVS or 7-11 and that money gets electronically wired to you (tenant pays a $4 fee). The whole setup was pricey ($200 sign up for Paynearme and I think Buildium is ~$500 a year), but I plan to scale my portfolio and didn't want to track down tenants for collections.

Hello all, I'm considering installing electric heat pumps in some of my rentals as an alternative to gas boilers. I live in Connecticut so we do get cold winters that can be below a heat pumps minimum heating level.  Is there anyone in New England who's installed heat pumps and what is your experience? I'm specifically wondering about:

1. Did you need a backup heat source and if so, what did you use?

2. Between maintenance and energy costs, was it more or less expensive than a traditional boiler?

3. Did you go ductless of have to install ducts throughout a unit

Thank you all,

Tucker Whitcomb

Lion River Realty