[an]

[quote=flu]still no inventory in MM….

And Qualcomm stock is still close to 52 week high….[/quote]Exactly. Where are all of these inventory and price decline? We’re still at the same inventory level as last winter. This is getting very sad.

[an]

What goes around comes around. Treat others how you’d like to be treated (parents included). It’s really that simple. If you leave your parents to rot in the nursing home with no visits, you shouldn’t expect anymore from your own kids.

[an]

But if you take the losses (including early depreciation), how much would you save in taxes when you apply it against your ordinary income? I would assume it’s a pretty penny at the very least. You made the mistake of buying too high, but what’s done is done. You now own the property and the tenant is paying your mortgage for you. Before any tax deduction, you’re at $0 or slightly negative, but you’re assuming that the mortgage lasts forever. Assuming you didn’t refi, you bought the property 11 years ago, so you probably have 19 years left before the property is paid off by your tenant(s). Which means in 19 years, you have a paid off house, paid by other people’s money. Sounds like a pretty good deal to me in the long term.

But, to me, based on your knee jerk reaction to an increase of $100/month in your cost, maybe being a landlord is not for your. That’s OK. It’s not for everyone.

[an]

[quote=paramount]Costs go up.

The govt is deep in all of our pockets -> taxes go up.

Even with a 30 year fixed mortgage costs are not fixed, somehow these costs have to be passed along.

But rents are stable?

Sounds like I need to become a renter myself to lock in my housing expenses.

No wonder renters are all to happy to increase taxes on “the man.”[/quote]
Of course costs goes up. It’s the same in all business. That doesn’t mean as a business owner, you should make knee jerk based on your cost changes. As a business owner, you also should make other calculation we stated as well. It’s not as simple as raising rent to cover your new cost. If you do so, you might end up costing yourself a lot more than your new revenue.

[an]

Totally agree with bobby and flu. I wouldn’t raise the rent at all. Especially since it’s a good tenant. Why run the risk of vacancy and bad tenant for $100/month? Like flu stated, one month vacancy will take you 1.5 years to recoup with the $100/month rent increase AND you’re also running the risk of getting bad tenants that might cost you even more. Also, you might have to deal with 2 months of vacancy over that 1.5 years.

My rental is ~$100-150/month below market. I don’t mind it, because I have a great tenant who’s on a 5 year lease. I rather take less headache and no vacancy than slightly more profit and have to deal with those two things. When the 5 year lease is up, I would keep the rent the same as well until they leave. Maybe my decision, similar to flu’s, is due to the fact that even with below rent, we’re still making a profit. So we might be less driven to squeeze every last $ from the tenant vs find a great tenant and keeping them happy so the stay for a long long time.

I would only raise to market rent in between tenant.

[an]

That sucks. Almost as bad as stripping a suspension bolt on a Sunday afternoon, nearing sun down and you need the car for work the next day.

[an]

In 92126, there are currently only 36 SFR for sale that’s active. In the South West quadrant, there are 5 and the North West quadrant is 13. So, if you only consider the west side of Mira Mesa, you only have 18 SFR to choose from. Now, if you must have 3 bathroom, you have a grand total of 1 to choose from in the SW and 3 in the MW.

[an]

Not my point at all. I was trying to say that a major employer left the city. It’s more like QCOM leaving SD than Websense/ActiveNetwork leaving SD. Maybe QCOM is not as good of an example. Maybe Kaiser Permanente is a better example? It won’t devastate the area but definitely not fun for those who are involved.

I understand that Torrance is part of a larger metro and there are a lot of jobs in that area. But having 6k+ jobs leaving in 2-3 years isn’t fun, even if there are other opportunities around.

[an]

Qualcomm is not the largest employer in SD. Toyota has over 6k employees in Torrance. That’s what I mean by similar. Sure, QCOM has 9k+ employees in SD, so it’s not quite as big as QCOM, but it’s a lot of high paying jobs.

[an]

[quote=flu]You did get the previous post about Websense and ActiveNetwork being relocated out of SD?[/quote]Yes I did. But Toyota is a lot bigger than Websense and ActiveNetwork. It’s almost like if QCOM leave SD for Dallas.

[an]

[quote=Hobie]With your microinverters do you experience RF interference? Hum in the AM band?[/quote]
No

[an]

CAR, the $450 is pool and AC running during the summer. During the winter, where its just the pool pump and household usage, its about $150-$180. My solar system us 3.8kWh. Nothing I would do differently.

[an]

You don’t have to get a PV system that put you into the negative. You can get a system big enough to cover your Tier 3&4 usage. I had a Pentair Intelliflo and for most of the year, I have it on speed 2 running for 8 hours a day during the winter/spring/fall and 12 hours a day for summer. I only turn it on speed 4 for a few hours to turn on the heater. It heated my entire pool in ~4-5 hours (on the first day, 2-3 hours on subsequent days) and it last the whole day . My electricity bill without solar PV with those settings were around $150-450/month (depending on how often I use the pool heater and turning the pump on to 4. After solar, my electricity bill were around $5-90/month with similar usage.

[an]

Why not just get a solar PV system and a variable speed pump? On top of that, you can get a solar blanket to keep the heat in. That seems to be a better option, since the solar PV system also provide power to the rest of your house instead of just your pool pump. A variable speed pump will help drastically reduce the energy usage. A solar blanket will help keep the heat in the pool and to keep the pool ~5 degrees warmer normally, which will reduce the amount of gas needed to bring the pool temp up.

[an]

Retarded question deserve retarded answer.

Btw, stop taking things on the internet so seriously. Me saying ba-zinga is enough for you to understand what my point is. If you don’t, you might want to google to see who say ba-zinga.

[Author]

Posts