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AbbaZabba said:   
solarUS said:   
AbbaZabba said:   Has anyone seen anything with solar for renters? Just an idea I had, but similar to how many companies will put solar on your house and charge you a slightly lower amount for electricity, could you put solar on your rental (for cheap) monitor the output and charge the renters slightly less than the utility? Seems like a win/win
except now YOU become the utility...handling/collecting bills, being the go-between on disputes, yadda yadda...and now, most importantly, YOU WILL NOT HAVE THE POWER TO SHUT OFF SERVICES FOR NON-PAYMENT. no thanks.

as an aside - I put solar panels on a bunch of rentals a few years ago. I did it because a) the tax credits in my state were super generous, b) they increase the value of my houses somewhat, and c) they are good as advertisement for eco-conscious millennial types.

Yea it seems like the way to go is just to put the system on next time they are empty and up the rent by $100 a month.

good luck with that. unless they will save the renter >$100/mo, that high rent might be a hard sell.

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manrental said:   From my interpretation in the statement:  "(1) Commencing July 1, 2014, all smoke alarms including combination smoke alarms, that are solely battery powered shall contain a nonreplaceable, nonremovable battery that is capable of powering the smoke alarm for at least 10 years. EXCEPTION: This section shall not apply to any smoke alarm or combination smoke alarm that has been ordered by, or are in the inventory of, an owner, managing agent, contractor, wholesaler, or retailer on or before July 1, 2014, until July 1, 2015."

The mention of the word 'owner' sounds like its directed at landlords.  So, I'm interpreting it from a landlord perspective.

 

  
Thats in the context of "new listings" of smoke alarms by manufactuerer/.    Thats directed at sales of alarms.   

Not to mention the part you quote is actually an exception to the law.

See discussion of the bill here :
http://www.searchmontereypeninsulahomes.com/blog/smoke-detector-...
and
http://www.nbcsandiego.com/news/local/New-Requirements-for-Smoke...

 

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jhapad said:   In AZ, what are the cheap home insurance companies to insure rental house?

I recently converted primary SF home ($225K) to rental property and my insurance company canceled the insurance.

  Bump!!

rated:
jhapad said:   jhapad said:   In AZ, what are the cheap home insurance companies to insure rental house?

I recently converted primary SF home ($225K) to rental property and my insurance company canceled the insurance.

  Bump!!


I have no idea for Arizona, other than to tell you I've had best rates on my rentals from Allstate.

Your best bet is to call some independent brokers that write for many companies. Let them do the work of shopping it. I did, and I was still better with Allstate. You typically will need to move all your policies over to get best rates

rated:
Anybody got experience or advice on one of those "We Buy Ugly Houses" type of buyer? We have an 2/1.5 in Clearwater that we want to sell after our tenant moves out in a couple months, but don't want to do any fixing up or deal with the hassle of regular buyers. It's solid 1950s block house with mostly cosmetic issues from tenant wear and tear. Great rental for another investor. Was thinking about calling up one of those places and see if they can offer something reasonable and so we can close the deal quickly. Any thoughts or other ideas? Appreciate it.

rated:
tttc12 said:   Anybody got experience or advice on one of those "We Buy Ugly Houses" type of buyer? We have an 2/1.5 in Clearwater that we want to sell after our tenant moves out in a couple months, but don't want to do any fixing up or deal with the hassle of regular buyers. It's solid 1950s block house with mostly cosmetic issues from tenant wear and tear. Great rental for another investor. Was thinking about calling up one of those places and see if they can offer something reasonable and so we can close the deal quickly. Any thoughts or other ideas? Appreciate it.
um...why? they will VERY likely offer you less than FMV, possibly substantially less. why not just put it on MLS as-is?

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tttc12 said:   Anybody got experience or advice on one of those "We Buy Ugly Houses" type of buyer? We have an 2/1.5 in Clearwater that we want to sell after our tenant moves out in a couple months, but don't want to do any fixing up or deal with the hassle of regular buyers. It's solid 1950s block house with mostly cosmetic issues from tenant wear and tear. Great rental for another investor. Was thinking about calling up one of those places and see if they can offer something reasonable and so we can close the deal quickly. Any thoughts or other ideas? Appreciate it.
  Sent you a PM

rated:
solarUS said:   
tttc12 said:   Anybody got experience or advice on one of those "We Buy Ugly Houses" type of buyer? We have an 2/1.5 in Clearwater that we want to sell after our tenant moves out in a couple months, but don't want to do any fixing up or deal with the hassle of regular buyers. It's solid 1950s block house with mostly cosmetic issues from tenant wear and tear. Great rental for another investor. Was thinking about calling up one of those places and see if they can offer something reasonable and so we can close the deal quickly. Any thoughts or other ideas? Appreciate it.
um...why? they will VERY likely offer you less than FMV, possibly substantially less. why not just put it on MLS as-is?

  solarUS hit the nail on it's head. I've had several of these chumps mail me low-ball sub-FMV offers. 

rated:
tttc12 said:   Anybody got experience or advice on one of those "We Buy Ugly Houses" type of buyer? We have an 2/1.5 in Clearwater that we want to sell after our tenant moves out in a couple months, but don't want to do any fixing up or deal with the hassle of regular buyers. It's solid 1950s block house with mostly cosmetic issues from tenant wear and tear. Great rental for another investor. Was thinking about calling up one of those places and see if they can offer something reasonable and so we can close the deal quickly. Any thoughts or other ideas? Appreciate it.

I can tell you what they will offer. About 70% of the after repair value, minus the repairs needed.

So a 100k house value, fully renovated, with 10k needed in reno, they'll pay you 60k. Maybe less.

Just depends upon how hot your market is, if that's worthwhile to you, rather than sitting for sale for months.

Me, I'd spend the money to rehab and get top dollar from an owner occupant buyer.

rated:
rascott said:   
tttc12 said:   Anybody got experience or advice on one of those "We Buy Ugly Houses" type of buyer? We have an 2/1.5 in Clearwater that we want to sell after our tenant moves out in a couple months, but don't want to do any fixing up or deal with the hassle of regular buyers. It's solid 1950s block house with mostly cosmetic issues from tenant wear and tear. Great rental for another investor. Was thinking about calling up one of those places and see if they can offer something reasonable and so we can close the deal quickly. Any thoughts or other ideas? Appreciate it.

I can tell you what they will offer. About 70% of the after repair value, minus the repairs needed.

So a 100k house value, fully renovated, with 10k needed in reno, they'll pay you 60k. Maybe less.

Just depends upon how hot your market is, if that's worthwhile to you, rather than sitting for sale for months.

Me, I'd spend the money to rehab and get top dollar from an owner occupant buyer.

  
Yes, I've read the same thing. They're looking for people who are desperate for the money. That 70% number is about right. When the market was really down during the financial crisis, they were down to about 60%. Just list it with a real estate broker and whatever they tell you, discount it a little bit. Seller bias is very strong in real estate. Most of the time, bank properties list for 90-95% of fair market value and most sellers like to list for 10-15% above fair market value so more than half the time, they end up selling for a discount. With a vacant property, it's better to sell for less and not have to pay for carrying costs while it's vacant. 

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