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Hatfield
Participant[quote=gzz]The cheapest 4 bedroom is 1.55 million![/quote]
Although to be fair, 4+ bedrooms are very rare in OB.
BTW, I guess I owe you a beer. That dump on Long Branch sold for $500k.
December 19, 2015 at 11:31 AM in reply to: Landlord asking to be “additional insured” on renter’s policy #792720ParticipantGreat info in that link, thanks!
Participant#4 I do something similar to what each of you are doing. I personally can’t decide which receipts are worse, Home Depot or those flimsy tractor-feed ones from Dixieline.
Anyway, for the home depot receipts, I’ll fold them in such a way that only the relevant info is visible (to save space) and then tape them onto three-hole-punched 8×11 card stock that goes into the binder. If I’m buying for multiple rental units, I’ll try to separate the items at the register, because each property has its own binder. I theory I could then scan these pages, but I’ve never bothered. I just put ’em in the binder. I should go back about ten years and see how they’re holding up.
My tax preparer never sees the actual receipts – I enter them into an Excel sheet and he works from that. Actually, I’ve been at this long enough that my excel sheet then generates a trial Schedule E. Usually he goes with those numbers, although occasionally he’ll make a correction for an item that needs to be depreciated and not expensed, or vice versa.
ParticipantBut you’re missing the point. The default was for things already agreed upon. The personal finance analogy would be to buy a bunch of stuff on the credit card and then refuse to pay the bill when it arrives, screwing your credit rating and ACCOMPLISHING NOTHING IN THE PROCESS.
If you want to deal with the spending problem, deal with the spending problem. Don’t send us into default and then be whiny little prick about it, which seems to be his modus operandi. We can do without this sort of “leadership” in Washington.
Participant[quote=paramount]What’s not to like?[/quote]
For starters, how about shutting down the government for no reason except to score a cheap political point, risking default on payments for things congress already agreed to, and lowering our credit rating? Literally, for no reason. Got nothing out of it. What a jackass.
Participant[quote=svelte]Anyone know what the latest date is for Trump to qualify as a candidate on the ballot of all 50 states?[/quote]
Great question. I was curious about this myself and found the answer via the Google.
Every state has its own deadline, the first of which appears to be South Dakota at the end of April. Presumably an independent could squeak by without South Dakota’s 3 electoral votes. The first big state is Texas which has a May 9th deadline. Most of the states are later than this.
Full table here:
https://ballotpedia.org/Ballot_access_for_presidential_candidates#Signature_requirements
Participant[quote=zk]The republicans have a brokered convention. Bush or Rubio is the nominee. If I have to pick a winner, I’d say Rubio.[/quote]
I’m with you on the brokered convention, though I think it may tip towards Bush. Tough to call. Bush has spent a fortune this cycle and hasn’t made much of a dent so far. So I’ll say 55% Bush, 45% Rubio but who knows, really.
In any event, GOP machine engineers an anyone-but-Trump candidacy. Trump gets butthurt, runs as an independent, and splits the conservative vote, handing the election to the Democratic nominee. I’m hoping it’ll be Bernie but it’ll probably be Hillary. I’ll hold my nose and vote for her.
December 5, 2015 at 12:16 PM in reply to: Pigglords – automatic rent payments into your bank account? #792027ParticipantMy tenants pay by paper check. For the last couple years I’ve been using MCFU’s mobile banking app to electronically deposit the rent check. Take a photo of the front and back of the check, and bam, done in under a minute.
I think having tenants do electronic deposit might look attractive if the rental unit was in a different city. Of if you had a whole bunch of rental units, though I suppose you’d still need to go through every month and figure out who’s paid and who hasn’t.
Participant[quote=Blogstar]Related news fro you craft beer fanatics.
Even if you don’t drink this pisswater, such a merger could still affect you. In some states (California included), breweries are not allow to sell to retailers. It must go through distributors, and not all of the distributors are independent of the factory breweries. Even the ones that are, lets face it, would be subject to undue influence if one customer comprised 75% of their business.
ParticipantIsn’t this just a byproduct of deflation & deleveraging?
ParticipantIf you have a house, you have termites. That’s just how it is. For some reason eaves and ledgers seems to be a common place for them to start their attack.
We got quotes from D&S, Corky’s, and Truly Nolen about two years ago, and went with D&S. D&S is also who tented the house when we bought it 15 years ago, as well another property. They did a fine job, and they’re locally owned. We hired our own contractor to do the wood repairs, and had that done before the house was tented, figuring if there were any bugs in the new wood, might as well zap them too.
The bids we got from D&S and Corky’s ended up being fairly similar. I forget the details, but we have a tile roof, and one of the quotes required a separate tile roof policy and the other quote had the tile roof guarantee built into the base quote, and when all that was factored in, the two bids were within a couple hundred bucks of each other.
We also got a bid from Truly Nolen and they came in much, much higher than the other two.
The crew from D&S’s said that the way environmental laws are changing in California, it’s possible that it won’t be possible to fumigate in a few years. I’m very skeptical of the alternative “green” methods where they attempt to zap the termites with infrared or other radiation. There are lots of places in a house that are inaccessible to humans but easily accessible to termites, which is why I think it makes sense to fumigate.
November 25, 2015 at 11:09 AM in reply to: What happens to your money if you overpay into your impound account? #791574ParticipantI think your bank is going to do whatever it needs to do to avoid paying you 2%.
Years ago I had a mortgage that I was making overpayments on. I hadn’t noticed, but the bank was mistakenly applying the extra money towards the impound. After some months they caught it and cut me a check.
ParticipantYep. There was a big wave of multi-unit condo conversions in OB a few years back. I haven’t noticed so many in the past year or so, but maybe I just haven’t been paying attention.
ParticipantHave two rental units in OB. Overall it’s been a very good experience but I’ve been very very picky when screening tenants, and I always charge a premium but then never raise the rent. So my tenants stick around a long time (typically 6-8 years) as a result, which is great. You never make money on turnover.
The tax benefits are outstanding – you have a property that’s appreciating, but on paper the dwelling is losing value. I can’t believe it’s legal, lol.
On the other hand, your mutual fund will never call you on a Friday night and tell you the water heater is broken.
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