Water shut off valve #short
1:01
Жыл бұрын
Harsh winters #short
1:01
Жыл бұрын
Professional tenants #short
1:01
Жыл бұрын
Paying tenants to leave #short
1:01
Water bills in Baltimore #short
1:01
3 Ways you are Handling Tenants Wrong
10:03
How I Design a Rooming House
12:55
2 жыл бұрын
Пікірлер
@keishamonicaify
@keishamonicaify 11 сағат бұрын
Do you do schedules
@andreaef10
@andreaef10 12 күн бұрын
In the thick of this right now as a landlord. We have the added nuance of the tenant setting the place on fire 3 days before the warrant of restitution was ordered. What a crazy coincidental "accident" 🙄
@JFreeUNC
@JFreeUNC 20 күн бұрын
Real number one: to avoid increase in property taxes.
@DevinMorenoInvesting
@DevinMorenoInvesting 20 күн бұрын
That is also very true!
@ligiaulloa
@ligiaulloa 21 күн бұрын
What brand and model are you using? Thanks
@DevinMorenoInvesting
@DevinMorenoInvesting 21 күн бұрын
Just a $200 one from home depot is fine. We get those often
@pinkorganichorse
@pinkorganichorse Ай бұрын
I have 6bd 3ba. I plant to get 4 tenants and charge each the same thing. There are 2 masters with walk in showers and large private baths within room. The other 2 tenants each get 2 bedrooms and a shared bath. There are 2 living rooms and a huge dining room. Is this reasonable?
@MindyLou
@MindyLou Ай бұрын
What don’t you advise putting in a dishwasher?
@user-jp4tl9zd8n
@user-jp4tl9zd8n Ай бұрын
Did you have few African American people who are professional tenants who lost there house choice vouchers in 2007, and they blamed us disabled people who didn't know about it. And these people also done welfare fraud 🤥. I got evicted out because I am on house choice voucher in St. Paul Minnesota. Public housing intake worker told me those bullies professional tenants lies about all disabled people. Landlords called the public housing intake workers about those bullies professional tenants lies about all of us disabled. On the welfare fraud. Then they call me a sex worker, which is not true, and calls me a retardation person and I have IQ 95% Above Average intelligent woman. Specific learning disorder is not a retardation diagnosed with.
@Emily-sg8co
@Emily-sg8co Ай бұрын
Can you rent rooms to section 8????
@DevinMorenoInvesting
@DevinMorenoInvesting Ай бұрын
You actually can. There are voucher programs that accept rooms
@judyl.761
@judyl.761 Ай бұрын
Great to know
@tracy3066
@tracy3066 Ай бұрын
I put exterior cameras on all our properties so that's something they don't have to ask me for.
@mr_smilegaming8842
@mr_smilegaming8842 Ай бұрын
Great job mate! I guess that is only feasible outside of Bay area. In Bay Area, the labor costs more than the materials like 2-3x so it makes no sense to use cheap materials.
@Joker-jz9cn
@Joker-jz9cn Ай бұрын
So I am about to create a LLC for interior dry wall removal, I have a friend who does this work and would switch over and work under the LLC. Would he need a license for dry wall removal? Would I need to get a permit?
@tracy3066
@tracy3066 Ай бұрын
Oh man I would have put in a better offer for that house than just $10K over. I mean 6 bedrooms and 7 bathrooms. That is SOOO rare! Especially for that price. I’m get sick for you just thinking about it. That’s a rooming house mega mansion! How much did it end up selling for?
@tracy3066
@tracy3066 Ай бұрын
I bought my first rooming house/basement studio and now I’m hooked on rooming houses and trying to find more!! I find you can make way more (have more of a cushion) plus the tenants save money. So it’s a win/win real estate strategy! The hard part is finding properties that have enough bedrooms and bathrooms BUT to also make sure there is enough parking for everyone. My current house has 3 beds/3 baths and I have 3 parking spots so I’m good to go!
@tracy3066
@tracy3066 Ай бұрын
Did you do an update video to this house?
@tracy3066
@tracy3066 Ай бұрын
I just found out our county allows for up to 4 unrelated people in a house BUT our city only allows 3 unrelated in a house. Sucks because I need 4 rooms to buy these higher priced homes. Especially since I like to buy homes that don’t need much done to them except maybe adding an extra bathroom. I got lucky with my first rooming house because the previous only did $70K in renovations to the house. So it was pretty turnkey except adding a mini split to the attic and changing the paint color in the basement. There is a village right next to our city who allows 4 and so I’m looking for a house in that area. But I’d really like to also find one in our city too. I’m asking if they would be willing to change it to 4 unrelated people to match up with the county. They did that recently on another matter.
@tracy3066
@tracy3066 Ай бұрын
I just added a mini split to the attic of my 2 bedroom rooming house and yes it was $5K. Sucks but it’s an older house that only has one vent in the attic. Usually attics aren’t switched to be a bedroom but it’s actually a huge attic with a great bedroom and has a huge bathroom with a jacuzzi tub. A plumber used to own it so he set it to be a great rooming house with a basement studio that has 2 water heater down there!
@tracy3066
@tracy3066 Ай бұрын
I would have went with 2 bathrooms downstairs no matter what I had to do to make that happen Plus there was plenty of space to do it.
@tracy3066
@tracy3066 Ай бұрын
Oh wow you don’t seem like you would need a mentor. $25K is sure a lot of money for mentorship. I like learning on my own as I’m going. I think it works better for me.
@tracy3066
@tracy3066 Ай бұрын
The only difference is that I don’t allow pets. Isn’t there going to be an issue with noise with a pet downstairs? I rent to mostly travel nurses and usually when their at the house their trying to catch up on their sleep!
@tracy3066
@tracy3066 Ай бұрын
Ok this is what I just bought with a twist. Mine has a basement studio and then the upper 2 floors are room rentals. But they’re really units instead of rooms. They only share the kitchen and 4 season room on the first floor. The house is perfectly laid out so the tenants have a lot more space. And to boot everyone has their own full bath and their own washer and dryer!
@tracy3066
@tracy3066 Ай бұрын
Nice! I can’t believe how different the basement is! I don’t like putting carpet in basements because in my city a lot of them get water in them during a large rain storm.
@tracy3066
@tracy3066 Ай бұрын
I’d love to see what you did with this house. Especially the basement!
@tracy3066
@tracy3066 Ай бұрын
I love the place! What brand and size are the washer/dryer?
@swingblade1776
@swingblade1776 Ай бұрын
What if you complete all the work without a permit and then get caught months or years later?
@tracy3066
@tracy3066 Ай бұрын
Great explanations! I never consider myself a millionaire but I do own over a million dollars in rental properties. Maybe some day I'll sell them all and then I would consider myself a millionaire! To me I consider someone a millionaire when they have a million in liquid cash.
@caveman240
@caveman240 Ай бұрын
Absolutely. I have 10 units and my first 5 years of being a landlord was a steady stream of terrible tenants. Never fall for the sob story!!! Never do it, pick the tenants that complete leases without complaining.
@Adventure-with-Drew
@Adventure-with-Drew Ай бұрын
Not sure where in the world you’re finding people to install for $1.50 a foot unless you work directly with the labor force. I pay my installers $1.50 lol
@higherspirit1
@higherspirit1 Ай бұрын
Anyone have ideas on how to charge for damage done to common area? No one will claim responsibility.
@tracy3066
@tracy3066 Ай бұрын
So my BIG question is do you allow tenants to have visitors? Seem like that wouldn't be a good idea. I'm not allowing it because I don't want any extra noise in the house. People could be sleeping.
@tracy3066
@tracy3066 Ай бұрын
New sub! I've watched 2 of your videos so far and they were exactly what I was looking for now that I have gotten into room rentals. I plan to binge watch your videos! Thanks for doing them. And here I thought I was the only one getting into room rentals LOL
@tracy3066
@tracy3066 Ай бұрын
Nice house! I love how you work to keep your costs and maintenance down. I went a bit nicer with my furnishings because I just started doing a mix of short term and medium term renting. The short term renting I use in between longer term tenants. I can make even more throwing in short term guests. I'm trying to squeeze as much money out of the house as I can. LOL
@tracy3066
@tracy3066 Ай бұрын
I make 2 rooms and a basement studio in the house work for me! (I don't live there) Bought the place for $270K. Put $105K cash down. Mortgage is $1,200 a month. I rent the 2 rooms for $1,000 a month each and the studio for $1,200 a month.
@OGKennyLee
@OGKennyLee 2 ай бұрын
You're the guy i need to meet, just bought a house in baltimore, will need help with renovations
@HUANGJAMIE-xg6mb
@HUANGJAMIE-xg6mb 2 ай бұрын
Any constructor recommend?
@freddiedixon5244
@freddiedixon5244 2 ай бұрын
Why come on you know why 😂
@peterdodson4685
@peterdodson4685 2 ай бұрын
you made so many mistakes that I've learned on youtube not to do in like less than a week.
@YourGypsyJoker
@YourGypsyJoker 2 ай бұрын
So what was the advantage of being there when police arrived? Finish the sentence.
@ptdrum
@ptdrum 2 ай бұрын
Hey Devin, did you do the lead inspection before the demolition and is it necessary to do if you are fully gutting a Baltimore row home? Your video has been very helpful.
@cromeoid1904
@cromeoid1904 2 ай бұрын
Im very green ln real-estate. I love the detailed yet simple explanations for why you did what you did. I havent bought my first house yet but thisnis really setting in my expectations for cost and time on these projects.
@OGKennyLee
@OGKennyLee 3 ай бұрын
I could use your help!
@AaronBiscuits
@AaronBiscuits 3 ай бұрын
Link?
@benjaminperez6620
@benjaminperez6620 3 ай бұрын
It’s always the people.
@KevinMcClain13
@KevinMcClain13 3 ай бұрын
That’s when you have your buddy hire the contractor for another job and when he shows up to give an estimate you have a few ppl waiting there to have a man to man conversation with him. This happens so often because there’s no consequences for it 🤷🏾‍♂️ the business I was in before you’d get sent back to god for playing with somebody money. A black eye and some stitches in the head will have him think twice about doing it again
@muzikmonkeyman1
@muzikmonkeyman1 3 ай бұрын
My cousin was Murdered in Baltimore. Keep that shithole
@yova2002
@yova2002 3 ай бұрын
It seems the inspector are too busy in the whole country. I do not think they need two months to process or approve a permit, but they take their time to pretend they are too busy.
@ReedMichael1966
@ReedMichael1966 3 ай бұрын
If no one else decides to,I will ...
@piehound
@piehound 4 ай бұрын
Ever go fishing . . . just for the halibut ????
@nathanmovesmetal943
@nathanmovesmetal943 4 ай бұрын
thanks for the content
@lindamcgill6672
@lindamcgill6672 4 ай бұрын
What are the rules for window height? What's the proper square footage requirement?