[Coronita]

[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]

Paramount. Look at this way..

The property either cash flows positive every month (before all the tax deduction benefits)

or

Your property has appreciated since the time of purchase, and your tenant is basically paying for your mortgage and maybe some more…

In either or (hopefully both) cases, you still come out ahead…

And if neither is the case, you probably should reconsider if that property really should be a rental property…

FWIW: rent prices have increased, and property prices have increased too… Whether you want to try to squeeze every last dollar out of your tenant is completely up to you..BUT, you also have to practically think about the opportunity cost of ticking off the tenant.

Remember your previous tenant? You mentioned at move out time, that tenant trashed your place, his/her pet peed all over your carpet,and you had to put in new carpet, repairs,etc…

Do you really want to go through that all over again, if this tenant moves out… over $100/month? Especially since your property is a SFH, which will need considerable cleaning up/repair each time a tenant moves out… (No, you’re not going to be able to deduct every possible expense out of your tenant’s deposit…)….

Your old tenant is probably not going to complain about a stained carpet, or a worn carpet, paint etc as much, since he/she is already use to it (and he/she was probably responsible for part of the wear and tear)..But someone moving in is completely different story…

Just suck up the extra $100..

If you want to look at it this way, that’s $1200/month you’re not going to have to pay income taxes on 🙂

[Coronita]

[quote=NicMM]In my case, I got a fee increase of $600. So I asked my tenant if it would be ok I raise monthly rent $50 after the current lease expires. She said it’s ok. But the current lease will be there until August. Is it possible my tenant change mind and move out instead?[/quote]

1. Did you sign a lease renewal?

2. Depends on comparables….

[Coronita]

I’d either
1) eat the cost
or

2) raise the rent completely by $100

and nothing in between.

In all likelihood, for $100/month extra,I’d eat the cost…

If you raise the rent, the tenant is obviously not going to be happy. And once you do that, he/she is going to motivate to live somewhere else. So at that point, IF you plan on raising the rent it won’t matter if it’s $5/month or $100/month more…You’ll piss them off either way, so you might as well raise the rent one time as close to the market price as possible..

But for $100 more/month, it wouldn’t be worth my time of risking the tenant moving out and dealing with a vacancy…. Let’s put it to you this way. If the tenant leaves, you’re going to be out at least 1 month of rent. that’s $1550 right there… It will take you 1 1/2 years with your new rent price of $100 more/month just to recoup what you lost by the person moving out… And you don’t know how long that tenant will stay versus the current one.

If you like your current tenant, I’d do absolutely nothing..

Not worth it….

$100/month more isn’t bad…

One of my tenants (in bay area) I was renting to them a good $500/month below market value for 2 years. Now that was ridiculous. I did raise the rent to $450/month price, with the intention of settling for $250/month…. If I raised it first by only $250/month, he would have been pissed anyway ,and be asking for $125/month, to which I would have said no.. So I just raised it by the full amount, and then discounted it to $250/month for being a good tenant…If I didn’t like him/her, I wouldn’t have lowered it and just had him move out…

…And yes…he was pissed, but after looking around he realized he was still getting a much better deal than other places…..

[Coronita]

[quote=ucodegen]Don’t know why you can’t short TWTR, though I suspect some of it may be that you can only short on the ‘ask’ side of the transaction and the market maker likes to sit between bid and ask. The ability to only short on the ‘ask’ side was added as a result of the 2008 crash (new regs). The downward motion looks pretty even.

Might want to get prepared to play the bounce. It is still possible to naked short, but only 3 days till cover instead of the old 6 and beyond. Watch tomorrows(tues) and Wednesdays movement. Be prepared for Dead Cat bounce.

You can also play the ‘options’ side if you can’t short.

BTW, who is your brokerage? Are you affected by the lockup on Twitter (employee, board member, have options covered by lockup).

Added: The inability to short may be because shares are not available to ‘borrow’ to cover/close at end of day.
http://www.foxbusiness.com/investing/2014/01/06/think-twitter-is-good-short-it-might-not-be-so-easy/%5B/quote%5D

ah, not till end of day…Ok… Well, I guess I’ll wait some more…..You’re probably right about a bounce tomorrow…But I’m also hoping as the stock continues to crater, insiders will panic and sell even more. Kinda like what employees at a startup I worked at in 2000 did once the lockup expired…

[Coronita]

Oops.. It did.. buy to cover order automatically executed 56.95…Drat!

[Coronita]

YELP!!!!!!

Lol….
I might get out if it falls below 57 today or close to 57.

[Coronita]

I hate social media companies and their valuations

(Ok, I admit, I’m jealous…there)……

[Coronita]

[quote=zk][quote=scaredyclassic]Hi krowe! Welcome!

I do have a few questions

1. G-d. Actually exists or just pretend?
2. Afterlife. Yes or no?
3. Ballpark estimate on gold price 12/31/14
4. Housing prices. Near term peak?[/quote]

Yeah, and when will the Cubs win the World Series?

And, life’s other great mystery (it even had Freud stumped): What do women want? Oh, wait, you already answered that one.[/quote]

Don’t forget to ask the age old question…

Just exactly how far is Santee from La Jolla…..

[Coronita]

[quote=harvey]This thread just got creepy.[/quote]

Winnar!

I can’t tell if this blog post is more like an episode out of the twilight zone or out of seinfield…

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meh..project for the week after next since next is mother’s day weekend. I’m too tired and lazy today….

[Coronita]

[quote=ucodegen]Looks like you are getting stronger. At least the threads have not pulled out. Torque Wrench.. get one, use one.

Are the threads rusted? If so, spray what is visible with WD-40 or a penetrant lubricant. Sometimes heat cycling helps. I assume you have tools to pull out broken bolts?

PS: Japanese cars don’t handle ‘overtorqueing’ as well as US vehicles.[/quote]

i guess I should get something better than the $15 harbor freight torque wrench coupon special….:)
The bolts were slightly rusted… oh well…

Oh, I also noticed that one of the bolts attached to my stabilizer bar broke off too….Great….Some people warned me about getting a stiffer bar without using reinforced mounts…

[Author]

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