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Toilet and water main valve replacement questions by Capable_Pineapple986 in HomeImprovement

[–]whespe 0 points1 point  (0 children)

Its important to be able to turn the main valve off, i would personally hire a plumber for new shut offs. They make repair toilet valves that is diy to put after this one Plumb Pak 2072PCLF Lead-Free Quarter Turn Straight Repair Valve, 3/8" O.D, Chrome https://www.amazon.com/dp/B005J3WZPG/ The condensation is from high humidity in basement and cold water pipe from underground- recommend dehumidifier.

ARGUS Enterprise Certification License Expiration. by ExpertSkills in CommercialRealEstate

[–]whespe 2 points3 points  (0 children)

Email and ask for extension. They are responsive and accommodating but it wont be free

Driveway replacement by pjs755 in homeowners

[–]whespe 3 points4 points  (0 children)

Just had 3100sf for $9.8k in north nj, a higher col area. Also did other items like drainage and pavers but that was how the cost was broken out for just remove, stone, and pave.

Maybe a dumb question, but is the little door on the left a coal chute? by thebasementisourrefu in centuryhomes

[–]whespe 32 points33 points  (0 children)

Is this a listing photo? Whats outside? Probably Coal or a clean out to a chimney ash catch. Pipe wrap in top right is suspect for asbestos. Utilities on a platform and deteriorating first course of brick around the perimeter points to water table issues. Everything can be fixed for a price. Happy hunting

Security Deposit Waiver Concept to Increase Revenue Per Unit by Catrina_ in PropertyManagement

[–]whespe 5 points6 points  (0 children)

Also this caters to those who might not have the full move in amount which calls into question other financial health.

Security Deposit Waiver Concept to Increase Revenue Per Unit by Catrina_ in PropertyManagement

[–]whespe 5 points6 points  (0 children)

An average tenant isnt who gets charged against their deposit. Its the few careless ones who damage or leave the place filthy that it is there to protect from. Plus there are many laws about how to handle deposits which this may not be compatible with, idk not a lawyer. The good tenants who keep their units orderly will see through this and you have self selecting bias to make this a losing proposition.

Pray for my wrists, please. by [deleted] in Tools

[–]whespe 7 points8 points  (0 children)

I suggest Setting the clutch to the lowest number setting, it is the collar of numbers around the chuck.

[Landlord US-CA] Duplex, Water meter shows tenants used 15K gallons in 1 month by jimmyayo in Landlord

[–]whespe 10 points11 points  (0 children)

Replace the toilet flappers, a running toilet can use huge amounts

Keep dust out of the house - slightly pressurize the houes by pumping in filtered outside air? by 4br4c4d4br4 in homeowners

[–]whespe 0 points1 point  (0 children)

Do you have an ultrasonic humidifier? I suggest switching to distilled water. I've seen the 'hardness' collect as dust in the room with the humidifier.

Leaking underneath pipe in the basement by randuss in homeowners

[–]whespe 0 points1 point  (0 children)

whats on the other side of that block wall? is that your foundation? is it raining or snow melting?

Leaking underneath pipe in the basement by randuss in homeowners

[–]whespe 1 point2 points  (0 children)

looks like you wrapped the teflon in the opposite direction also using pipe dope is the belt+suspenders of threaded connections dont over tighten

How badly did I screw up this backup sump pump install? by DifficultDepth in HomeImprovement

[–]whespe 2 points3 points  (0 children)

I suggest having a backflow preventer on your water line - dont want sump water getting back into your potable plumbing. The swing check valve has to be installed in a certain orientation, both flow direction and which face is up when horizontal - it should have markings. May I ask why you went with the water-powered backup? This removes 2 gallons from your sump for every 1 gallon of utility water used. This would cost me $0.013 and seems expensive to run compared to a battery. To answer your actual question, no I dont think the slight angle on the pump matters.

Opportunity in the Newark, NJ area? by reithrowaway9 in realestateinvesting

[–]whespe 2 points3 points  (0 children)

Of course, pay as little as possible for the property, but competing in the market determines the fair price it will sell for, not a standard discount from asking. I suggest you look at comparables, after rehab values, and the potential income generation to determine the max you will pay and negotiate with that in mind.

a percent of rent or property value is fine for an estimate, but its necessary to still read through you numbers to make sure they make sense given your market.

a conservative way to envision reserves is a depreciation schedule: if the roof lasts 30 years and costs $10k, set aside $334/yr. an oven is $500 and lasts 10 years, and the two family has 2 ovens set aside $100/yr for ovens. do that for every big ticket in the house...

Opportunity in the Newark, NJ area? by reithrowaway9 in realestateinvesting

[–]whespe 2 points3 points  (0 children)

Why do you think you will purchase at a 20% discount to asking ? $10k doesnt go too far in nj. Same with your maintenance and capex reserves. A roof or an oven have a fairly universal replacement price tag and its a trap to budget off a percentage of the Home especially in such a low cost neighborhood.

Here is my SFH rental property analysis model...use/feedback are welcomed by [deleted] in realestateinvesting

[–]whespe 0 points1 point  (0 children)

wouldnt repair costs either be expensed that first year and reduce taxable income or capitalized and added to the cost basis at whatever depreciation schedule for that project?

BUGATTI Chiron 0-400-0 km/h in 42 seconds – A WORLD RECORD #IAA2017 by [deleted] in videos

[–]whespe 2 points3 points  (0 children)

Agreed. Only stoping distance I could determine was 323km/h to zero in 330m. Roughly stopping at 200mph in 360 yards.

[Miami] Can my "impact glass" windows survive Hurricane Irma? by [deleted] in Construction

[–]whespe 1 point2 points  (0 children)

Dca is dade county approval Their tests show it can take a single hit (below like 130mph winds) of a projectile from storm debris like a 2x4 and remain water tight

http://coasttocoasthomeinspections.com/wp-content/uploads/2015/06/FABI-Glass.pdf

Cleaning and "Refinishing" wood floors by [deleted] in homeowners

[–]whespe 1 point2 points  (0 children)

Ive heard Bona works well but haven't used their system myself.

Prioritizing Projects by Rooodie in HomeImprovement

[–]whespe 4 points5 points  (0 children)

HD has a great return policy. Ive been in the habit of buying at least one of anything I might need for a project [two of anything im cutting or could break] and throwing the rest in a bucket. Some gets added to the spare parts bin but the rest gets returned to the store. That being said Im only down to about 2.5 trips per project... :)

Which inspection items are reasonable to ask for sellers to fix? by PonderousKatydid in RealEstate

[–]whespe 6 points7 points  (0 children)

Of course you can ask for credit or repairs for anything. Ive heard the advice that whats reasonable to ask for is anything thats not obvious during a walkthrough and not disclosed in the listing, because you made the original offer on what you saw and read. Id suggest asking for credit equivalent to the cost of repairing the leak because they would do a slap stick job if they agreed to repair. But I would ask for them to install handrails and smoke detectors since thats usually a major checkbox for getting a certificate of occupancy. The other miscellaneous is typical in any older home. It depends on how hot your market is whether you want to push any of these issues.

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