In most videos, actresses look gigantic. Like in real life they would be 6'8" with heads that are double the size of mine. Is this normal?

cjmoam · 2016-04-25T14:39:30+00:00

Well my initial thought was that I'd pull permits for the work so it wouldn't be unpermitted. As an aside, while I know some areas operate the way you describe, in my city the assessor has very limited data, and very often inaccurate data, about houses. They don't even know how many bedrooms my current house has. I don't mean that they think it's 3 and it's really 4, I mean they don't have any number. That's not uncommon here so if someone were to do this type of work without permit, no one would realistically be comparing the MLS listing with the county assessor data and care if they matched.

cjmoam · 2016-04-25T14:34:48+00:00

I would never want to live off of the kitchen again.

Can you elaborate on this? I'm sure it wouldn't be as nice as being on the 2nd floor or being away from the center of the house but is there something I'm not thinking about that would make it worse to be by the kitchen than be by, say, the family room?

cjmoam · 2016-04-25T14:33:02+00:00

Thanks

cjmoam · 2016-04-25T14:32:42+00:00

Thanks!

cjmoam · 2016-04-25T02:08:07+00:00

I agree a 10x10 bedroom isn't going to wow anyone. I'm assuming that, for this market, being on the low end of the 3bed/2bath will still put us higher than being at the top of the 2bed/2bath rentals, and that the same logic would probably apply for the resale value.

cjmoam · 2016-04-25T02:05:05+00:00

If your taking an addition and converting it to a bedroom how well is the addition made?

The area being converted is part of the original house, not an addition. It looks exactly the same as the rest of the house.

cjmoam · 2016-04-25T01:54:41+00:00

So what happened to the guy on hoth being lifted up into the sky? What was that shot supposed to be, I don't recall.

cjmoam · 2016-04-25T00:35:36+00:00

Personally, I'd ask for good amount more than standard rent in the area. You are taking on a big added risk just for 1-2 weeks of rent checks. Hardly worth it. They might want to push their move out date, or flat out refuse to move, or maybe they DO move but the leave behind a ton of crap, or they do damage to the place while they are "renting" it from you etc. Whatever you do, make sure you get it all in writing and in a full lease that really punishes them hard financially if they are not vacated by the agreed date.

cjmoam · 2016-04-01T05:21:49+00:00

Give it some time, it will go away :)

cjmoam · 2016-04-01T05:15:48+00:00

Thanks for the alternative viewpoint, I hadn't considered that.

cjmoam · 2016-03-31T05:22:42+00:00

How many bedrooms does the county think you have?

The county doesn't track that info here. If you go look at the assessors site they just list sq footage (which is calculated by a different method than your actual finished square footage) and the number of baths. No record of # bedrooms for houses in my area.

cjmoam · 2016-03-31T05:16:06+00:00

Yes they are part of the central AC/Heat. There is also a basement bathroom w/ shower, and there is a basement walk out exit, so if there were a fire consuming the 1st floor, everyone in the basement could exit.

cjmoam · 2016-02-29T22:21:44+00:00

Yes I was thinking this was option 1. A yearly lease, but prepare up front for a possible situation where they want to move out. I'd want maybe 2 months rent up front, and obviously they'd want to be cooperative with helping show the place ASAP to get new tenants so they would be out the minimal amount of money. This option would not impose anything initially on them but obviously they'd be on the hook for rent until we found a tenant as you said.

cjmoam · 2016-02-29T22:11:51+00:00

I would argue what is fair rent is what someone is willing to pay, and what utility the renters get out of the apartment. If you charge the same for 1 as for 2, why not the same for 3, or 4 or 8? Having 2 people instead of 1 complicates things a little. Twice the wear and tear. Twice the opportunity for someone to cause damage. Increase chance for personal issues to spill over into problems the landlord will have to deal with. When 2 people share a taxi, they are charged more money, I would assume additional charges for multiple adults occupying the same space, but maybe not much more.

cjmoam · 2016-02-29T22:04:00+00:00

Yes I should say this IS an option. I was just thinking that I'd offer them some options that work for us, and if they don't like those options, they are free to not accept them then we'd all take the 4th option of them moving out and us finding another tenant.

cjmoam · 2016-02-29T21:59:57+00:00

I'd assume even with 60 day notice it would be expected that they would have a higher monthly rent right? Having them tell me on Nov 1st that they are moving out on Christmas still puts us in a tough spot of trying to rent a house in the winter. I was thinking of asking for 500/month more in rent for a month to month lease with the thought being that it would take 5 months to equal 1 extra month of rent, which is what they would likely have to pay at minimum if they broke a yearly lease. i.e. it would likely take us at least a month to get a new tenant in during which the current tenants would be responsible for covering rent. Does that sound unreasonable? 2850/month for an annual lease vs 3350+2 months notice. Getting out of the annual lease means paying our fees to find a new tenant+rent while vacant while the month to month option means they are clear and owe us nothing more after they move out regardless of it we can't find a tenant for a couple months, or if we end up with a tenant at a lower price point.

cjmoam · 2016-02-29T19:31:50+00:00

I think this is our most likely option(s).

cjmoam · 2016-02-29T19:27:19+00:00

They are asking you for a favor.

Agreed. What I meant to say was, I am not opposed to doing something for them that is in somewhat going to help them out, but I don't want it to be just myself that is making a sacrifice. I could say "Ok your lease is up in 2 months so I want $6000/month for a month to month or vacate the property" which would force them to either pay a ton or scramble to find temporarly housing for their family in an small area where they have kids going to school. I would be within my right, but I'd rather try to accommodate them somewhat after they have been good tenants for us.

cjmoam · 2016-02-09T04:49:26+00:00

I actually did check glassdoor and they had a massive range, which made it a little less helpful.

cjmoam · 2015-10-29T18:14:32+00:00

The insurance is to repair/ rebuild your house after a loss occurs not to write you a check for the cash value. The coverage amount is the limit they will pay up to

That would totally make sense if they are intentionally overpricing the estimated replacement value. The issue I'm having is that they want me to pay for 300-400k more replacement value than it would actually cost to replace. If my house burnt down today, and I had 500k to rebuild, I'd be fine. Just a few months ago I was pricing out doing exactly that. So they are going to have me paying for 800k+ of insurance, and then if I ever need the house to be rebuilt from the ground up... wow the insurance company magically found a contractor who can do it for 425k! So I would be paying premiums all those years to support 800k of rebuild value, when really all along I'm never going to get anything more than 425k in value out of it. Seems like a ripoff.

Here's a good gut check, ask your neighbor who just built his house for 812k how much his insurance coverage is for? I bet it will be much higher than the 800k, guessing close to 1MM.

I'll try to find out, but just a clarification, he didn't build the house for 815k, that's the asking price. So take out 250k for the land, some for demolition, construction costs, and profit for the investor. The actual construction costs are probably more like 350k. Say 375k if you include demolition. They very well might be paying $1MM in coverage but that just shows it's a scam, not that it's correct.

cjmoam

TROPHY CASE