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[quote=svelte][quote=42nate1]
Zillow is wonderful. It does the applications, credit check, background check & collects rent. I do chose my tenants carefully.
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Wow so Zillow may be an even better tool for renters/landlords than buyers/sellers. I didn’t know that![/quote]

Thanks Svelte. I actually missed that para from 43nate1’s post.

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[quote=Escoguy]A 5/3 in 4S, at 3500 sf would be about $4600-$7000, depending on upgrades etc. I personally probably wouldn’t plan on more than $5500 but there are clearly those who can and will pay at the higher range of that number.
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Thanks for that first-hand info. That’s a staggering figure. We were thinking of renting ours out for around $3,500. I am not cut out to be a landlord. May be I should hire either you or FLU to manage my rentals. Even for the 10% fee, I think I still would come out ahead.

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[quote=Escoguy]So far, every time I have one open up, I have a strong qualified tenant with a good solid job come in within days. I may have to make a minor compromise and allow a dog but we know how to deal with that.
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Escoguy,
Do you manage the rentals or do you use an agent? What do you think a 5/3 @3500sf SFH in 4S would go for? Thanks.

BTW., my 4/2s in MM are rented out so cheap (at 2300 or less) that I don’t think the tenants would want to prove that they are the bigger idiots than the landlord (me) by making a fuss about payments.

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[quote=scaredyclassic]really? I’m feeling kind of chipper and optimistic. Usually Im the worst case scenario kind of guy. The more negative things are, the more positive I feel, that things got bad but didn’t disintegrate. i think everything’s actually gonna be ok. sure the stock market will crash, global warming will cause mass civil unrest, wackadoodles with guns will be shooting others on the streets, but basically, things will proceed.[/quote]

Note to self. Stock up on toilet paper and instant noodles. Again.

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Margin Calls….Wait for it.

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Let’s put it in perspective.
https://www.medpagetoday.com/infectiousdisease/covid19/87812

“However, on a per-capita basis, Sweden far outpaces its Scandinavian neighbors in COVID deaths, with 567 deaths per million people compared with Denmark’s 106 deaths per million, Finland’s 59 deaths per million, and Norway’s 47 deaths per million. The Swedish figure is closer to Italy’s 581 deaths per million.”

BTW., not having a lock-down as part of a plan is not the same as not having a lock-down b/c our leader is clueless or was hoping for a miracle to happen in April.

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[quote=Hobie]JC: I suggest dropping the mediator and continue w small claims. Get large (8×10) pics showing contractor damaging pipe and practice your persuasive speech laying out your claim in ~5min. Bring in the higher estimate of a repair.

Draw a easy to read timeline of events for judge to see. Dates,times phone calls, letters: who said what and when.

Something to keep in mind is small claims courts tend to like to see actual cost receipts. ie. you pay for the fix and are suing for reimbursement.

I would wait until you have a judgement, and he does not pay, before contacting his CO.

You also need to prove $600 repair did nor fix problem. ie Statement from plumber or better yet, bring him into court.[/quote]

One suggestion, if you haven’t done so already, is to put all offenders as defendants in your filing. The neighbor, the neighbor’s contractors, etc. If they play the blaming game then they could do that in front of the judge. Also, it’s interesting to see how game theory (prisoner’s dilemna) works in real life.

And I agree with others about keeping it really simple for the court. This is what happened, he hired that contractor, the contractor did that and damaged this. Here’s the cost to remedy the problem – and let the neighbor and his contractor sort it out as who’s responsible.

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[quote=svelte][quote=scaredyclassic]However, anec dotally, i know a few tightly wound guys who died soon after retiring. Like tension was holding them together.[/quote]

Or they worked until they couldn’t work anymore so they quit their job in their final days.

There are a couple of guys at work, my age, who are doing that right now. They got hit with a bad health condition all of the sudden and tried to keep working to beat the problem, but eventually gave up because it was affecting their work noticeably. Their few retirement days will now be spent in rapid decline. So sad.[/quote]

I have seen quite a few folks like that at work. Some didn’t quite make it to the finish line. Some did and kicked the bucket soon after. It’s sad to see, for whatever reasons, people linger around way past what I think is necessary. I don’t know, may be they stick around b/c of the $$$ or they are just dedicated to the job. I plan to walk away even before I am old enough to collect SS. If I could do that I think I kind of ‘beat’ the system.

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[quote=Coronita][quote=The-Shoveler]I think the current Robinhood crowd ect… does have an advantage boomers did not during the 1999-2003 boom/bust as really big bubbles/crashes were not in recent memory as much as they are now.

So maybe they are better prepared than most think.[/quote]

Ha ha ha. Unlikely…. Number one reason people get burned? Greed and denial.

I think though this isn’t the big correction. I was checking some bay area companies that friends started or work at… out of 6 companies, 4 of them have filed to go public… So I think we are only in the second inning. All these companies will try to IPO over the next few months, and that in itself will drive another round of craziness.[/quote]

Or your friends’ companies are today’s version of pets dot com. Opportunists that took advantage of the feeding frenzy to cash in. That in itself may indicate the bust is around the corner.

Pets went from IPO at $11 to self liquidation in about 10 months.

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[quote=an][quote=Coronita]Crash and burn. Dow down 600pts. heh heh.[/quote]
So, who’s buying more today?[/quote]

Not me. Nasdaq is back down to the level of about two weeks ago (Aug 25). I am going to sit tight.

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[quote=svelte]Probably not who you’re talking about, but there was that kid (early 20s?) from Sacramento who drank the kool aid and bought rentals all over the country. I don’t think he owned more than 10 but it ended very poorly…if I’m not mistaken he used no-doc loans to get them. He started the website “iamfacingforeclosure” and when all the properties were gone he changed his name and went into real estate. His original name was Casey Serin.

https://en.wikipedia.org/wiki/Casey_Serin%5B/quote%5D

That’s not it. The kid I am talking about is Japanese-American. He was around 15-16. On the cover of his book he’s looking smart in a dark suit.

The reason I brought him up is I remember I got a good chuckle when I read an article about him and his book. You didn’t have to be a genius to make money with semi-conductors and then with the telecoms and .com that followed. I was trying to draw the parallel between the stock picking “geniuses” during the tech-boom/dotcom to today’s robinhood crowd. It won’t end well for them.

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[quote=scaredyclassic] why live without money?[/quote]

It’s not why but rather how. How can one live without money?

Yeah, where’s flyhi?

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[quote=sdrealtor][quote=ltsddd][quote=The-Shoveler][quote=Coronita][quote=sdrealtor]I got tired of watching Tesla go up every day so I bought one share on Friday to make it go down. I figured even if it went down I would feel like a winner because I’d have five shares on Monday with the split. Net result? I have five shares and a 14% gain so far. Silliest stock on the planet[/quote]

I bought Intel shares and AMD put options… Of course after I did that, AMD shot up from 90 to 92. If I kept every call option from 2.50/share, it would have been serious dough.
Sold some at 50ies.
Then some more at 60ies.
Got completely out in mid 70ies.
Watched it go to the 80ies and envious decided to go short the day it hit 90 with put options.

And now it’s 92-93…
This sucks. AMD, just as crazy.[/quote]

Reminds me of 1999, just a relentless march higher at crazy valuations, Well OK maybe most will not end up 0 like 1999 but still just crazy valuations.

But still Investors are sitting on probably the largest pile of cash ever, so there are a lot of investors sitting this out. very interesting times.

Seems a minority of money relentlessly pushing 5 or 6 stocks higher.[/quote]

Anyone here remembers the teenage stock-picking genius during the dot.com bubble? I believe he’s asian-american. The kid even published a book. Or how about the guy in San Diego who went from renter to owning multiple rentals in a span of a year or two. He was featured in the SD Union Tribune. I remember reading the articles about them and thought to myself, why wasn’t I as “smart” as they were. Just curious how it ended for them.

BTW., does the stock market behaves as if it expects Chump to win?[/quote]

Not sure if you are referencing them but a couple young guys were featured in the UT after opening a century 21 Brokerage in San Marcos. They got crushed though The main guy was able to hold onto some properties for several years avoiding foreclosure. Eventually he lost them but he lived mortgage free for years.[/quote]

I don’t think that was it. I think the guy was middle-age with a couple teenage kids. I believe he was an immigrant (either middle east or Armenia or something). He was renting a condo somewhere along the 15 corridor (Scripps Ranch?) before he struck “gold”. He’s really a poster boy for awful lending practices back then.

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[quote=Coronita]I sold half of my trading account yesterday….that’s why the Dow is up 460+ pts today. lol.. You are welcome…[/quote]

I am still about 60/40…weekly additions go straight into small caps…I am happy either way, but I am hoping for another major correction and I’ll be all-in.

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[quote=The-Shoveler][quote=Coronita][quote=sdrealtor]I got tired of watching Tesla go up every day so I bought one share on Friday to make it go down. I figured even if it went down I would feel like a winner because I’d have five shares on Monday with the split. Net result? I have five shares and a 14% gain so far. Silliest stock on the planet[/quote]

I bought Intel shares and AMD put options… Of course after I did that, AMD shot up from 90 to 92. If I kept every call option from 2.50/share, it would have been serious dough.
Sold some at 50ies.
Then some more at 60ies.
Got completely out in mid 70ies.
Watched it go to the 80ies and envious decided to go short the day it hit 90 with put options.

And now it’s 92-93…
This sucks. AMD, just as crazy.[/quote]

Reminds me of 1999, just a relentless march higher at crazy valuations, Well OK maybe most will not end up 0 like 1999 but still just crazy valuations.

But still Investors are sitting on probably the largest pile of cash ever, so there are a lot of investors sitting this out. very interesting times.

Seems a minority of money relentlessly pushing 5 or 6 stocks higher.[/quote]

Anyone here remembers the teenage stock-picking genius during the dot.com bubble? I believe he’s asian-american. The kid even published a book. Or how about the guy in San Diego who went from renter to owning multiple rentals in a span of a year or two. He was featured in the SD Union Tribune. I remember reading the articles about them and thought to myself, why wasn’t I as “smart” as they were. Just curious how it ended for them.

BTW., does the stock market behaves as if it expects Chump to win?

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