Hooligans Sportsbook

Property Owners

  • Start date •
  • Replies
    60 Replies •
  • Views 3,263 Views
Follow
PuckOff
Being handy is very important if someone wished to own rental properties. There nothing worse than dealing with unreliable and shady contractors and the good/reliable contractors cost $$$$$$$$. If you are able to do electrical, plumbing, drywall (mud) and other carpentry related stuff then you will cut costs drastically.
Click to expand...

if you have a state license for it.
electrical and plumbing w/out a license is a lawsuit waiting to happen along with fines out the ass
better off making relationships with reliable contractors if its any thing other than minor maintenance.

if you're looking at buying any property built from '78 and back then stop now and run the other way
look up the new RRP laws that the EPA got passed. its a crock of shit.
if anyone is caught doing work on a house built from '78 and before w/out all the special permits/federal and state licenses/ all special safety equipment, etc... is subject to a 36K fine for first offense. This includes minor work such as repainting, fixing rotten wood, etc..
 
A lot of the stuff in here posted by others varies WILDLY from state to state. There are relatively few federal laws on the subject (Senco mentioned an EPA standard). Reason # 38973420 to get that landlord tenant lawyer on retainer.
 
senco78
if you have a state license for it.
electrical and plumbing w/out a license is a lawsuit waiting to happen along with fines out the ass
better off making relationships with reliable contractors if its any thing other than minor maintenance.

if you're looking at buying any property built from '78 and back then stop now and run the other way
look up the new RRP laws that the EPA got passed. its a crock of shit.
if anyone is caught doing work on a house built from '78 and before w/out all the special permits/federal and state licenses/ all special safety equipment, etc... is subject to a 36K fine for first offense. This includes minor work such as repainting, fixing rotten wood, etc..
Click to expand...

Holy FUCK!!!

You have to be kidding me?

Seriously.....................ONLY IN AMERICA!!!
 
Boner_18
A lot of the stuff in here posted by others varies WILDLY from state to state. There are relatively few federal laws on the subject (Senco mentioned an EPA standard). Reason # 38973420 to get that landlord tenant lawyer on retainer.
Click to expand...

I believe the only thing that would be federal is the RRP laws.
state laws for contracting do vary GREATLY from state to state
 
PuckOff
Holy FUCK!!!

You have to be kidding me?

Seriously.....................ONLY IN AMERICA!!!
Click to expand...

not kidding.
inspectors just caught wind of it here and have been out in force trying to catch contractors.
I wont touch a house pre '78 and not going to take the classes, pay the money, buy all the special equipment you are required to have...
the law being if you are disturbing 6 SQ FT or more of paint, plaster, etc... you have to have the licenses and equipment.
6 SQ FT = 3' X 2' fuking ridiculous:facepalm:
 
Teela
My boyfriend owns several rental properties and he seems to be doing well with them. He manages them himself and does most of the work on them as well.
Click to expand...

f off

your bf is also mr best guyof the year so we don't need his chirpy examples of perfection


senco78
not kidding.
inspectors just caught wind of it here and have been out in force trying to catch contractors.
I wont touch a house pre '78 and not going to take the classes, pay the money, buy all the special equipment you are required to have...
the law being if you are disturbing 6 SQ FT or more of paint, plaster, etc... you have to have the licenses and equipment.
6 SQ FT = 3' X 2' fuking ridiculous:facepalm:
Click to expand...

that's crayzay

(i need Bread... he would've said this much cooler than I :sad:)
 
Teela
He also enjoys bodily functions tremendously. I've never seen a man get such joy out of farting before.
Click to expand...

hahahaha

truly he seems pretty awesome though...I've told so many people that lazy eye story and I'm one of those annoying ones who cracks up at their own story after 2 sentences. Kills me every time.
 
Oksana
hahahaha

truly he seems pretty awesome though...I've told so many people that lazy eye story and I'm one of those annoying ones who cracks up at their own story after 2 sentences. Kills me every time.
Click to expand...

aww that ruins execution of the joke though! I have two friends that always laugh mid story before the punch line.
 
Oksana
hahahaha

truly he seems pretty awesome though...I've told so many people that lazy eye story and I'm one of those annoying ones who cracks up at their own story after 2 sentences. Kills me every time.
Click to expand...

He just said, "I forgot about that. That was a good one," and then proceeded to laugh.

He's a character.

Right now, he's outside ringing the doorbell so that my dog will bark. And saying, "Lazy eye," and laughing. He might not make it.
 
As a few here said i think rental property investments would be a big hassle and have a great fail %. Maintenance, upkeep, shitty tenants, lots of overhead. If i had the capitol i would invest in vacant commercial property or commercial property in general. Per square feet your getting a better bang for your buck and for the most part your looking at long term tenants with little to no maintenance. As for this type of investment im sure you'd have to make a deal with the builder. Id look into developing areas for property goldmines.
 
choo
just throw your money in a 26 year CD freefall
Click to expand...

Most I've found are for 10 years at ~2.2%. I think I can beat that.

UntilTheNDofTimE
As a few here said i think rental property investments would be a big hassle and have a great fail %. Maintenance, upkeep, shitty tenants, lots of overhead. If i had the capitol i would invest in vacant commercial property or commercial property in general. Per square feet your getting a better bang for your buck and for the most part your looking at long term tenants with little to no maintenance. As for this type of investment im sure you'd have to make a deal with the builder. Id look into developing areas for property goldmines.
Click to expand...

you make a great point. I'll look into commercial properties also. I think the bottom line for me is taking the plunge. Otherwise I'll just sit here and speculate all day and never learn along with watching my bank laugh at me.
 
Teela
My boyfriend owns several rental properties and he seems to be doing well with them. He manages them himself and does most of the work on them as well.
Click to expand...

Since when do you have a boyfriend? I don't remember the thread.

I hope he treats you and your child right. If you were mine, I would cherish you like the rare, sweet tasting flower that you are.

All the best.
 
senco78
not kidding.
inspectors just caught wind of it here and have been out in force trying to catch contractors.
I wont touch a house pre '78 and not going to take the classes, pay the money, buy all the special equipment you are required to have...
the law being if you are disturbing 6 SQ FT or more of paint, plaster, etc... you have to have the licenses and equipment.
6 SQ FT = 3' X 2' fuking ridiculous:facepalm:
Click to expand...

That is absolutely INSANE. I honestly can't believe this, but I'll take your word for it.

OK so if I was a Yank in your part of town and I wanted to rip out a few bedrooms in my own home would I be allowed to do whatever I want or does this only apply to rental properties that I would own?
 
You must log in or register to reply here.