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October 20, 2012 at 4:39 PM in reply to: OT: What do you say to your toddler that asks you about politics? #752931October 20, 2012 at 3:35 PM in reply to: OT: What do you say to your toddler that asks you about politics? #752926
Diego Mamani
Participant[quote=Blogstar]BTW, Flu, Call it a nitpick or friendly reminder, your kid is not a toddler anymore.[/quote]Unless she’s a gifted 2- or 3-year old already in 1st grade.
ParticipantWow! The sheeple are selling. It might be a good day to scoop up a few deals. E.g., CEL is 6% down… It’ll most likely fully recover in less than a week 🙂
Participant[quote=CAwireman]Re-Fi closes, 3.5% Fixed for 30[/quote]
That’s a great rate! Unbelievable. To think that only 10 years ago, a 6% rate was considered a “steal”… Is your loan conforming, jumbo, etc.? What is your LTV? My loan is currently $566K and LTV is a little under 80%; I wonder whether I’d qualify for 3.5% rate. (Is your APR also 3.5%?)[quote]- We found a lien placed against the property and cleared it. Anyone know of a service that monitor’s lien status for you property for a monthly fee? Might be worth it…[/quote]The county recorder should have this… and you don’t need to check every month. Was that a mechanic’s lien that you had?
[quote]- Double check everything! There are so many forms to sign that errors are nearly gauranteed.[/quote]
I don’t know, when the notary came to our house the last time we refinanced, just signing everything took forever. Had I read the stuff, it would have taken me hours… I did check the numbers quickly, and asked some questions.[quote]- If you call your bank to inquire about a Refi, you get a very different answer than your mortgage broker gets (…) Spoke to Wells, BofA, Suntrust, and one other can’t recall. The best they could do for no points? 4.1 – 4.2%. And they swore that was competitive. Had to go with a small broker to get a competitive interest rate.[/quote]My experience with WF and Citi was disappointing. They offered me a good rate, but after days or weeks of waiting and sending my supporting documentation, they asked me to reduce the LTV, or changed something else… very frustrating. We switched to OnQ Financial, a smallish direct lender, and we’ve had no problems with them.
[quote]- So far, I don’t trust online brokers. I may need to get over this to get the best possible rate for our “next refi”. Went with a local broker I had worked with in the past.[/quote]+1
Participant[quote=ucodegen][quote=Diego Mamani]Flu and Uco, please do not feed the trolls…[/quote]I am sorry you can’t recognize the difference between a troll and someone associated with the person in question trying to apply spin.[/quote]
Well, the one applying the spin was a troll (who created a new username for this purpose). That it was spin, was abundantly obvious… so much so, that he/she should have been ignored, even if we don’t want to call him/her a troll.ParticipantFlu and Uco, please do not feed the trolls…
Participant[quote=sreeb]When we bought the house we are living in now, we got a home inspection and a warranty.
The home inspector said the dishwasher was “serviceable.”
Six months later the dishwasher rusted through.
The warranty company sent their rep out and he said it was a “preexisting condition” so the warranty company refused to pay.
It was the same guy.
We also had a problem with the door on the oven which was unrepairable since parts were not available and they refused to pay for that either.
My wife did the paper work and served them for small claims court. They offered half the price of new appliances which we took before actually going to court.
We actually did benefit from the insurance but only because we lost two major appliances in a year. If it had only been one we would have been break even with a big hassle getting them to pay. I probably wouldn’t buy the insurance again.[/quote]
My past experience has been mixed. Last year, when my house was newly bought, something broke in the dishwasher, and it was fixed OK, we only paid the $60 fee. The only thing I didn’t like was that it took two visits for the repair: one to diagnose the problem, a week-long wait for the part to arrive, and a second visit to actually fix the appliance.A friend at work had one of these warranties purchased by the people who sold her house to her. When it expired, I suggested to her not to renew, using essentially the same arguments that spdrun gave here. She didn’t listen to me, and months later she had two serious issues, one involving her AC unit, and both were repaired under warranty. She was so happy with the whole deal, that she now renews her warranty every year.
ParticipantI’m watching it online. It has great quality, and also CC, which is great for the hard of hearing.
Participant- UPDATE
OK, this is what happened. After the technician looked at the old heater, he called the warranty company for authorization (this is standard). Minutes later, the warranty company called my wife and told her that she need to pay for these:
1. Service fee of $60 (this was expected)
2. New connector for the water going into the heater
3. New connector for the gas going into the heater
4. Removing and re-installing the heater timer ($150)Grand total came to $344. I think I’ll call the warranty company to ask questions.
ParticipantNo transcript?
October 11, 2012 at 10:22 AM in reply to: Anyone charge a service fee for repairs on their rentals? #752468Participant[quote=flu][quote=Diego Mamani]I agree. There are what some people call “professional renters” who know the law and every trick in the book.[/quote]
And I will avoid those people like there’s no tomorrow.[/quote]Me too! Problem is, it may be hard to find out until it’s too late. In the case you mentioned, his inquiring about the “late fee” was a big red flag, and an indication that he was probably a “professional renter.”
OTOH, some people are concerned about the late fee b/c they have chronic cash flow problems. I have relatives who rented out a nice and large SFH/ranch in the San Bernardino area to a guy who was a small business owner. He was late with the rent almost every other month, and late by at least a week or two. But otherwise he was a good tenant.
October 11, 2012 at 9:59 AM in reply to: Anyone charge a service fee for repairs on their rentals? #752465Participant[quote=SD Realtor]As far as the OP talking about changing the terms of the lease, no that cannot happen without agreement by all parties and it is well documented.[/quote]My advice to the OP is to wait until 30 or 31 days before the lease ends, then send a written 30-day notice of an increase in rent. This way you either get rid of them, or you get more money to compensate for the hassle of dealing with them.
FLU’s strategy is generally OK if the tenants see that “you don’t really mean” the $60 fee, unless it’s for something they broke. A problem I see is that you may be creating an incentive for the tenant not to report minor problems. As we know, even a minor issue may become costlier to repair later on if not addressed early.
October 11, 2012 at 9:51 AM in reply to: Anyone charge a service fee for repairs on their rentals? #752463Participant[quote=svelte]You’re going to wind up being taken to court.
There are tenants out there that know California law better than you do, believe me.[/quote]I agree. There are what some people call “professional renters” who know the law and every trick in the book.
ParticipantSomeone mentioned Simi Valley. Next door, and with a Metrolink/Amtrak stop is Moorpark. There are nice, gated and ungated communities in both, where you can buy newer (under 10 years old), larger (over 2200 sf) houses for well under $700K, even under $600K. The schools are highly rated, and the areas are fairly family friendly.
The only thing I don’t like about Simi and Moorpark is the heat. But I don’t think they are any hotter than Woodland Hills. I prefer Thousand Oaks, closer to the 101 freeway, a lot cooler, and just south of Simi/Moorpark, but the commuting options from there are really bad.
Participant[quote=desmond]Maybe the plumber was hot. She has a lot of splainin to do![/quote]Actually, she’s hotter than him. If anyone was to be ripped off, it should have been the other way around!
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