GKARL

CLICK HEREto return to discussion topics
MrLandlord Q & A
GKARL (by Low Income [PA]) Sep 9, 2016 3:02 PM
       (by Robert,Ontario,Can [ON]) Sep 9, 2016 3:31 PM
       (by GKARL [PA]) Sep 9, 2016 3:41 PM
       (by cjo'h [CT]) Sep 10, 2016 5:38 AM
       (by plenty [MO]) Sep 10, 2016 6:07 AM
       (by Robert,Ontario,Can [ON]) Sep 10, 2016 6:59 AM
       (by David [MI]) Sep 10, 2016 2:37 PM
       (by GKARL [PA]) Sep 10, 2016 4:52 PM
       (by Robert,Ontario,Can [ON]) Sep 11, 2016 12:22 PM
       (by Nicole [PA]) Sep 14, 2016 4:48 PM
       (by Ray-N-Pa [PA]) Sep 14, 2016 7:01 PM
       (by Jason [PA]) Sep 14, 2016 7:02 PM

Click here to reply to this discussion.
Click Here to send this discussion to a friend

GKARL (by Low Income [PA]) Sep 9, 2016 3:02 PM
Message:

Trying to fill a vacancy in one of my properties. Rent is $ 700 and I'm requiring about $ 2100 of monthly income. Few have that kind of income. I'm seeing many people who have $ 1400 to $ 1600 a month and that's not going to work with heating bills, auto costs and especially if they have kids as many do. They all want to live by themselves but that's a luxury at that income level. They either need roommates or they just need to get rooms for $ 125 a week. This is one reason why I think rooming houses line up with the economic paradigm we're in. Same thing applies to roommates. There are a ton of working people who can only afford housing under those circumstances.

--64.121.xxx.xx




GKARL (by Robert,Ontario,Can [ON]) Sep 9, 2016 3:31 PM
Message:

The utilities should cost a total of a hundred a month if the rental units are well insulated along with low flush toilets and energy efficient heating system. Consider upgrading insulation, heating system then one will fit the lower income. One apartment building is well insulated where a average for natural gas and electricity will average less then hundred per month which includes the HST 13 per cent tax on natural gas and electricity. It gets a bit colder here during the winter. Older buildings are poorly insulated along with older heating systems which use more energy. It is easy to think in a box but more difficult to think out of the box. Private enter prize always finds solutions. Check out some of videos on you tube about insulation, split heat pumps, energy efficient boilers. Remember the only reason there is heating, cooling system is heat loss or heat gain. A very well insulated building would not need a heating or cooling system. --74.220.xxx.xx




GKARL (by GKARL [PA]) Sep 9, 2016 3:41 PM
Message:

A long day. Just noticed I switch the topic and my handle. The topic was Low Income! --64.121.xxx.xx




GKARL (by cjo'h [CT]) Sep 10, 2016 5:38 AM
Message:

Robert, in Toronto, with the cold in Ontario e even if you doubled the insulation,you'ld still need a heating something or other! In the Winter. I know!you can fool some of the people some of the time,but you can't fool all of the people,all of the time? Charlie...... ..... .... ... --70.215.xx.xx




GKARL (by plenty [MO]) Sep 10, 2016 6:07 AM
Message:

i'd try a move in special, so it's less out of pocket to get in, rewarding the person who had a budget and a plan and who actually does quality at the level you are seeking. --184.206.xxx.xxx




GKARL (by Robert,Ontario,Can [ON]) Sep 10, 2016 6:59 AM
Message:

The apartment which I use most of time I do not have the heating on during the winter which is 160 km. further north of Toronto. There are two block walls then insulation foam between the walls. The only time the heat is needed for the building is when the outside temperature drops well below freezing. If the ceiling has a R factor of 50 and the walls have a R factor of 40 then there is minor heating required. That is called zero energy building. The heating system is calculated on the heat loss factor plus 20 per cent to allow if anything changes. They have many videos on you tube of zero energy buildings. Some houses in town are not well insulated the furnace has to run non stop during the cold days and nights. --74.220.xxx.xx




GKARL (by David [MI]) Sep 10, 2016 2:37 PM
Message:

Robert, Ontario, are you telling me there's houses north of Toronto that don't use any energy to heat during the dead of winter? --76.192.xx.xxx




GKARL (by GKARL [PA]) Sep 10, 2016 4:52 PM
Message:

I'm doing the $ 99 move in special but no one qualifies. Issues with background, credit or both. Continuing to run the ad to see if I get the right bites. --64.121.xxx.xx




GKARL (by Robert,Ontario,Can [ON]) Sep 11, 2016 12:22 PM
Message:

Have one apartment building which has insulation foam between two block walls where only need minimal heating during the winter. The only time the heat is required in the building hallways when the outside temperature drops to -10 centigrade. In the apartment most of the heat comes from the rental unit below where only once in while the heat is turned on. The best type of construction is poured concrete walls with insulation foam between the walls. Older buildings and houses were poorly insulated where they made for the heat loss with a larger heating system. In all the apartment buildings spend more water, sewage charges then the cost of natural gas and hydro electric which is required to run the circulation pumps, fan coils and boilers. Most do not believe but when one sees the natural gas bills then this is really true. --207.164.xxx.xxx




GKARL (by Nicole [PA]) Sep 14, 2016 4:48 PM
Message:

I have several places around $700. Younger or older couples are probably your target. Those on fixed income are good choices... not garnishable but they pay on check day. Those with kids at the income level you are seeing, probably qualify for lots of financial/governmental assistance.

Robert, many of us have properties that are worth $100,000 or less ... including the land. To spend the kind of money you talk about on heating systems isn't realistic, no matter the eventual savings ... since the currently 100+ year old city buildings won't be standing by the break even point. --72.70.xxx.xx




GKARL (by Ray-N-Pa [PA]) Sep 14, 2016 7:01 PM
Message:

Around here....tier one homes for first time home buyers max out at about $100,000. For a rental at $100,000 you are getting a four unit place in fair shape and you are still paying FULL RETAIL.

I suppose you can operate that way, but that is the slow boat to China.

Generally speaking you should be targeting at least a 8% rate of return. So that means multiplying the sales price by 1% and be getting that for a monthly rent.

A $100,000 sale prices needs at least $1,000/month income. $1,000 times 12 months equals 12K. Factor out fix expenses at 33% of gross and you have $8,000 on a $100,000 place. That is indeed the slow boat, but it is also atypical too --24.239.xx.xxx




GKARL (by Jason [PA]) Sep 14, 2016 7:02 PM
Message:

Ditto nicole. It is what it is. When you're dealing low income there are a lot of people that have to pay a much higher percentage of their income to live in the property and that's your judgment call. It's not all buy the book black and white. Maybe you can get lower income but good credit be lucky to find somebody with no eviction --152.208.xx.xx



Click Here to send this discussion to a friend
Report discussion to Webmaster

Reply:
Subject: RE: GKARL
Your Name:
Your State:

Message:

Would you like to be notified via email when somebody replies to this thread?
If so, you must include your valid email address here. By entering your email address here, you agree to receive notification from Mrlandlord.com every time anyone replies to "this" thread. You will receive response notifications for up to one week following the original post. Your email address will not be visible.
Email Address: