Search found 1366 matches

by renue74
Mon Apr 22, 2019 1:56 pm
Forum: Personal Consumer Issues
Topic: Living Overseas for 4 Months/Year for Regional Travel (Retirement)
Replies: 25
Views: 1041

Re: Living Overseas for 4 Months/Year for Regional Travel (Retirement)

My wife and I aspire to spend extended periods abroad in retirement. We are years away and haven't begun planning in any significant way. I've always been a bit fuzzy on the rules about extended US travel and US citizenship. As permanent citizens, will we have any issues should we spend, say, 6-12 ...
by renue74
Mon Apr 22, 2019 1:51 pm
Forum: Personal Consumer Issues
Topic: Living Overseas for 4 Months/Year for Regional Travel (Retirement)
Replies: 25
Views: 1041

Re: Living Overseas for 4 Months/Year for Regional Travel (Retirement)

I think I had a similar question a few months ago. I would love to have a home base in Lake Como for summers and then take the train to various locations. Thailand is on my list also. On Youtube, I follow many Americans who live in Thailand. So many things to do, great food to eat. I will be followi...
by renue74
Mon Apr 22, 2019 8:23 am
Forum: Personal Consumer Issues
Topic: Aloft Tampa Downtown-Late April 4 nights
Replies: 8
Views: 753

Re: Aloft Tampa Downtown-Late April 4 nights

I just went to Tampa a couple weeks ago for a business trip. I went with a coworker and ended up getting an airbnb in Hyde Park. Nice little apartment that was part of a $3M historic home. https://www.airbnb.com/rooms/28074421?location=Tampa%2C%20FL&adults=1&guests=1&s=vtVyVPd4 I think I paid $150/n...
by renue74
Mon Apr 22, 2019 7:31 am
Forum: Personal Consumer Issues
Topic: “Smart Home” upgrades?
Replies: 21
Views: 1551

Re: “Smart Home” upgrades?

We have a full time airbnb property and have the following in it. • Samsung Smartthings hub • GE Z-wave wifi switches on all common/public area lights • NEST thermostat • REO Link wired security cameras at front and back exterior doors • Action Tiles - tablet/web based control system for smartthings...
by renue74
Sat Apr 20, 2019 5:37 pm
Forum: Personal Consumer Issues
Topic: Is Crown Molding Out-of-Style?
Replies: 46
Views: 4174

Re: Is Crown Molding Out-of-Style?

I live in the south and still see it in new construction homes. I think it really depends on the neighborhood. There are a few "Charleston style" new construction home subdivisions in my area. Higher end homes that mimic Charleston style homes....(narrow frontage, deep lots). All those houses have c...
by renue74
Sat Apr 20, 2019 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Real Estate Advertising
Replies: 8
Views: 532

Re: Real Estate Advertising

In my town people send postcards with photos of houses I just bought and tell me they will buy it. I just bought 3 rental houses about 3 weeks ago and I get a ton of postcards...with photos of the houses I bought. They are local flipper investors who are in so dire need of inventory. It's not the be...
by renue74
Fri Apr 19, 2019 8:01 am
Forum: Personal Investments
Topic: $1.1 million rental portfolio, but tired of being a landlord
Replies: 87
Views: 10534

Re: $1.1 million rental portfolio, but tired of being a landlord

I just sold commercial property for the same reason. I am enjoying the liquidity. I think building wealth with real estate can involve liquidity cycles. Can you describe your liquidity cycles? How long are they? Do you buy real estate when the real estate market is down? Do you sell when the market...
by renue74
Tue Apr 16, 2019 8:24 pm
Forum: Personal Investments
Topic: $1.1 million rental portfolio, but tired of being a landlord
Replies: 87
Views: 10534

Re: $1.1 million rental portfolio, but tired of being a landlord

My 2 cents: Do not sell your properties. Hire a property manager and give up 10-12% of your 40 - 50K per year. Is it really possible to get a decent property manager that will manage 10 properties for you for only $4k - $5k per year? Property managers make most of their money from rental rehabs. Th...
by renue74
Tue Apr 16, 2019 7:28 pm
Forum: Personal Consumer Issues
Topic: Do you pick up after renting a vacation rental?
Replies: 51
Views: 3397

Re: Do you pick up after renting a vacation rental?

We usually pick up. Most vacation places we stay are, we normally don't spend a ton of time inside...so they are not that dirty. When a cleaner would come, they would only need to hit the surfaces with cleaner and vacuum. I have an airbnb and I charge $65 for cleaning a 3 bed/2bath house. Every time...
by renue74
Tue Apr 16, 2019 6:39 pm
Forum: Personal Consumer Issues
Topic: Migrating to better weather in retirement -- rent a timeshare or buy a vacation home?
Replies: 21
Views: 1922

Re: Migrating to better weather in retirement -- rent a timeshare or buy a vacation home?

In 15-20 years we'll just put on our VR headset and change the climate to mimic whatever place we want to be in. That's so far off, it is quite hard to predict the best approach. I like your response. If anybody told me what my life would be like today back in 1999, I would have laughed my head off...
by renue74
Mon Apr 15, 2019 10:21 pm
Forum: Personal Investments
Topic: $1.1 million rental portfolio, but tired of being a landlord
Replies: 87
Views: 10534

Re: $1.1 million rental portfolio, but tired of being a landlord

I own 9 rental properties + 1 full time airbnb property and net about $100K/year in rental income. I self manage....except for 2 recent buys I just bought. I've always self managed...for 7 years. I don't mind dealing with the riff-raff. My plan is to do it for 10 more years and sell off then. I actu...
by renue74
Mon Apr 15, 2019 8:43 am
Forum: Personal Consumer Issues
Topic: How to fix jerky images on streaming TV?
Replies: 29
Views: 1579

Re: How to fix jerky images on streaming TV?

I had bought Sling TV for an airbnb property we own. The modem/router actually set within 5 ft. of the smart TV....but still sucked as far as picture quality and hang ups. After about an hour with the internet provider it wasnt fixed. I ended up just connecting the TV directly to the modem with an e...
by renue74
Sat Apr 13, 2019 12:00 am
Forum: Personal Investments
Topic: How to categorize rental property as an asset?
Replies: 10
Views: 659

Re: How to categorize rental property as an asset?

I own in rental property....none mortgaged. In my asset list, I value it about the same as what I paid for it and call that asset "rental property." It does not affect my asset allocation of my mutual funds. I invest some of the income from rentals into my portfolio. Pretty easy definitions. No need...
by renue74
Fri Apr 12, 2019 7:52 am
Forum: Personal Finance (Not Investing)
Topic: Can I semi-retire now?
Replies: 138
Views: 12433

Re: Can I semi-retire now?

Your situation is very, very close to our situation. I'm 45 and my wife is actually a full time school teacher now. Our NET worth is about $2.3M, but about 40% of that is paid off rental property that throws out about $100K in net income. With 529s fully funded for 2 kids. (state schools, 4 years, ....
by renue74
Thu Apr 11, 2019 3:15 pm
Forum: Personal Consumer Issues
Topic: Ingenious Way To Find Reasonably Priced Painter
Replies: 57
Views: 6031

Re: Ingenious Way To Find Reasonably Priced Painter

Shotgun approach....get as many quotes as you can. Check references after you found somebody who will return your call and quote you.
by renue74
Thu Apr 11, 2019 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: Buying a house next year. Wife wants a big house. Thoughts?
Replies: 104
Views: 8526

Re: Buying a house next year. Wife wants a big house. Thoughts?

Yes you can afford the house, if you are looking for affirmation. Your bank will tell you the same. Your decision to pull the trigger on it is another. We're in a pretty hot real estate market already, which you might take into account. Personally, I would not buy and save the money. But, that's jus...
by renue74
Thu Apr 11, 2019 1:55 pm
Forum: Personal Finance (Not Investing)
Topic: sort of deadbeat tenant
Replies: 23
Views: 2699

Re: sort of deadbeat tenant

My gut feeling is you didn't have him sign a lease. Not much you can do legally. Like others say, if they don't pay enough take out of their deposit. Just be happy they gave you a deposit you can use. I have rental property. I treat it like a business. I make tenants sign leases, take their deposits...
by renue74
Mon Apr 08, 2019 8:11 pm
Forum: Personal Consumer Issues
Topic: New homeowner wants to DIY, but disappointed today
Replies: 50
Views: 4926

Re: New homeowner wants to DIY, but disappointed today

I had a similar issue - where the main water feed valve into my house was leaking right at the valve. I figured - no problem - I'll buy a new valve and solder it in. So I turned off the water main - cut off the old valve and attempted to solder on the new valve. That didn't work because the main wa...
by renue74
Mon Apr 08, 2019 2:51 pm
Forum: Personal Consumer Issues
Topic: New homeowner wants to DIY, but disappointed today
Replies: 50
Views: 4926

Re: New homeowner wants to DIY, but disappointed today

Even plumbers have leaks. The one good thing is you have immediate feedback if you screwed up. Sometimes it's as simple as using a different 1/4 turn valve and fitting. Or simply, cleaning the copper with emery cloth a few more times. We all make mistakes. One time my wife called me at work and said...
by renue74
Thu Apr 04, 2019 2:12 pm
Forum: Personal Finance (Not Investing)
Topic: Landlord looking to buy out my lease. Whats a reasonable price?
Replies: 73
Views: 5012

Re: Landlord looking to buy out my lease. Whats a reasonable price?

IMO some of these responses are well north of nuts. This isn't 11 months remaining on a new lease, this is four months and the OP already knew the lease would end and would have to move before now. OP already has to look for a new place in presumably less than four months. OP was already going to i...
by renue74
Wed Apr 03, 2019 3:30 pm
Forum: Personal Finance (Not Investing)
Topic: Part-time job for high school student
Replies: 23
Views: 710

Re: Part-time job for high school student

Ideally look near your home.

My 16 year will be getting a job this summer and there is a Subway 1/2 mile from our house and a Publix grocery store about 1 mile away.

I think it's nice to be close to home when a younger driver needs to drive home at 11pm after a shift.
by renue74
Wed Apr 03, 2019 11:24 am
Forum: Personal Finance (Not Investing)
Topic: Adjusting to lower compensation from a retirement job
Replies: 42
Views: 1708

Re: Adjusting to lower compensation from a retirement job

My mother retired from a stressful job and promptly took up at least 20 hours a week organizing for a nonprofit. When she was working she always wished she had more time to give this organization. It seems to suit her. Could you consider "board" work? Less scheduled than a regular volunteer gig, us...
by renue74
Mon Apr 01, 2019 11:16 am
Forum: Personal Consumer Issues
Topic: Do any of you have a fear of changing jobs?
Replies: 73
Views: 4520

Re: Do any of you have a fear of changing jobs?

You and I have traded comments about job dissatisfaction before....I think in late 2018. I'm in the same boat...small business owner not loving what I do any longer...which is different from an employee not happy with the job. As an employer, I do see employees like this in my small business. We hav...
by renue74
Mon Apr 01, 2019 8:07 am
Forum: Personal Consumer Issues
Topic: Wood vs Laminate Flooring
Replies: 56
Views: 4127

Re: Wood vs Laminate Flooring

Does depend on market and neighborhood. Flip houses in my area with laminate or LVP flooring tend to sell just as fast these days...but it's because there's a lack of inventory for specific price point houses. Who knows what the market will look like in 5 years. I always love real hardwood floors. N...
by renue74
Sun Mar 31, 2019 7:13 am
Forum: Personal Finance (Not Investing)
Topic: Relocating - Raleigh / Durham
Replies: 21
Views: 1748

Re: Relocating - Raleigh / Durham

The culture of Raleigh (and the south in general) is very different from the Midwest. Without getting into stereotypes, it will take time to get adjusted to it. I’m originally from the Midwest and love it. I’ve seen others move here and hate it. I’d say if you are uncomfortable living in a cultural...
by renue74
Fri Mar 29, 2019 10:10 am
Forum: Personal Finance (Not Investing)
Topic: Paid off mortgage!
Replies: 88
Views: 7135

Re: Paid off mortgage!

That's not in my plan. I'm hoping that once our boys go to college, we will downsize and minimalize. My kids are graduating college and I dont think I’ll downsize yet, if ever. They visit and will continue to do so. We have a 2900 sq/ft, 3 bedroom, 2 1/2 bath house with a small 700 sq/ft walk out b...
by renue74
Fri Mar 29, 2019 10:05 am
Forum: Personal Finance (Not Investing)
Topic: How often do you check your net worth?
Replies: 257
Views: 14006

Re: How often do you check your net worth?

I update my spreadsheet at the end of each month. If the markets are down I skip it until the next month. (Stay the course, no market timing, buy and hold and all that.) +1 Haha...I do this to. I have a HUGE spreadsheet with portfolio, retirement calculator (using future value functions + SS + pens...
by renue74
Fri Mar 29, 2019 9:52 am
Forum: Personal Consumer Issues
Topic: Shut off water before a vacation
Replies: 78
Views: 5706

Re: Shut off water before a vacation

We always close off water main valve ... "Failure of the plumbing supply system is the #1 cause of non-weather-related water losses" from Chubb. https://www.chubb.com/us-en/individuals-families/water/ I have investigated remote or automatic water shutoff valves, but have not seen a reliable and rea...
by renue74
Fri Mar 29, 2019 7:49 am
Forum: Personal Consumer Issues
Topic: Shut off water before a vacation
Replies: 78
Views: 5706

Re: Shut off water before a vacation

I have 9 rental properties and I will say that easily 60-70% of my calls from tenants would be some type of water related matter. Sink drain leaks are the most common. I actually have a "water key" in my car at all times. The T looking metal tool that I use to turn water off at the street. Agree...t...
by renue74
Fri Mar 29, 2019 7:44 am
Forum: Personal Finance (Not Investing)
Topic: Does anyone here with net worths north of $1 mil use financial advisors?
Replies: 334
Views: 49219

Re: Does anyone here with net worths north of $1 mil use financial advisors?

In 2015, I had a FA after we had a 7 figure windfall from a business sale. She was taking $13,000/year from my portfolio. Nice lady, knowledgable, an admitted to us that sure anybody could invest, but what she brought was empirical knowledge beyond investing to help with all money related manners. I...
by renue74
Fri Mar 29, 2019 7:29 am
Forum: Personal Finance (Not Investing)
Topic: Paid off mortgage!
Replies: 88
Views: 7135

Re: Paid off mortgage!

That's not in my plan. I'm hoping that once our boys go to college, we will downsize and minimalize. My kids are graduating college and I dont think I’ll downsize yet, if ever. They visit and will continue to do so. We have a 2900 sq/ft, 3 bedroom, 2 1/2 bath house with a small 700 sq/ft walk out b...
by renue74
Fri Mar 29, 2019 7:24 am
Forum: Personal Finance (Not Investing)
Topic: Retirement: What expenses did you reduce?
Replies: 63
Views: 4151

Retirement: What expenses did you reduce?

I just read a thread about retirement spending and noticed somebody noted they reduced expenses at retirement. But what do you reduce? Sure, if you have a long commute, you may reduce your fuel bill by a little. Or if you dry clean or have to buy clothes. But really, is it that big of expense to be ...
by renue74
Thu Mar 28, 2019 1:37 pm
Forum: Personal Consumer Issues
Topic: Experience with replacing heat pump - Carrier or Lennox?
Replies: 16
Views: 838

Re: Experience with replacing heat pump - Carrier or Lennox?

There's a dirty secret in the HVAC manufacturing world. I think there are only about 4 or 5 top level manufacturers who manufacturer the same parts and use them in different name brands. For example, Trane and American Strandard are the same components....just branded/marketed it differently. Goodma...
by renue74
Wed Mar 27, 2019 11:53 am
Forum: Personal Consumer Issues
Topic: Returning back to former job
Replies: 12
Views: 1059

Re: Returning back to former job

Even in smaller companies I've seen folks go and then come back. If you leave in good terms and your boss actually said those words about coming back...it's solid. My one liner on why I'm back would be, "guys, the grass is actually not greener on the other side of the fence. It's the perfect shade o...
by renue74
Tue Mar 26, 2019 10:22 am
Forum: Personal Finance (Not Investing)
Topic: Need buying rental property from family advice
Replies: 16
Views: 961

Re: Need buying rental property from family advice

There's not enough information here to give you feedback. I use a detailed spreadsheet to vet any potential rental property I purchase. I typically look for 9% to 20% Cash on cash ROI annually. I don't like to look at appreciation...because who really knows about that. What I look for is cash flow. ...
by renue74
Tue Mar 26, 2019 9:31 am
Forum: Personal Finance (Not Investing)
Topic: Paid off mortgage!
Replies: 88
Views: 7135

Re: Paid off mortgage!

We're planning on hitting it in another 3yrs, right around the time I hit 40 and wife hits 35. Then the real works starts: trying to convince the wife that there is no reason for us to upgrade (I'm going to lose). +1 We are 2 years away from paying off our primary home mortgage and I fight THIS bat...
by renue74
Tue Mar 26, 2019 6:45 am
Forum: Personal Consumer Issues
Topic: Installing smart lights - tips? Thinking Philips Hue
Replies: 22
Views: 876

Re: Installing smart lights - tips? Thinking Philips Hue

On a full time airbnb that I own, I installed a Samsung Smarthings hub and about 20 GE wifi smart switches for lighting. In Smarthings you can set up "routines" that would do what you are asking. https://www.reddit.com/r/SmartThings/comments/4hxlas/trigger_color_temperatures_based_on_time_of_day/ Si...
by renue74
Mon Mar 25, 2019 3:54 pm
Forum: Personal Consumer Issues
Topic: Family man who misses driving a fun car
Replies: 91
Views: 5758

Re: Family man who misses driving a fun car

I learned to drive a 2005 Honda Pilot. It's fun when the heated seats don't blow a fuse and I actually get heated seats.
by renue74
Mon Mar 25, 2019 10:27 am
Forum: Personal Consumer Issues
Topic: Family vacationing
Replies: 49
Views: 5932

Re: Family vacationing

When my boys were small, our vacations centered around water. We live 3 hours from the beach and a long weekend was "enough," vacation. An airbnb costs $100-$150/night. Somehow a pool, water park is always involved. We also like to shell hunt and go to any local aquariums. Annually, in October we ac...
by renue74
Mon Mar 25, 2019 8:04 am
Forum: Personal Finance (Not Investing)
Topic: Early retirement - hypothetical
Replies: 58
Views: 5693

Re: Early retirement - hypothetical

I own a small business and am always "working," in terms of thinking about my clients and employees. It's not stressful...but I'm always "on." I remember I once had an employee whose boyfriend worked for a large bank in the city. We live near Charlotte,NC. She said he worked 70-80 hours per week and...
by renue74
Fri Mar 22, 2019 11:44 am
Forum: Personal Finance (Not Investing)
Topic: Selling land - best approach?
Replies: 15
Views: 1295

Re: Selling land - best approach?

He can list it with a commercial broker. Typically, these guys know all the big developers in town and would shop it around to housing or commercial developers. Who knows, there may be a developer looking for land for a Wal-mart. As far as fair pricing, the broker would give you an idea. Also, in my...
by renue74
Fri Mar 22, 2019 7:56 am
Forum: Personal Finance (Not Investing)
Topic: Buying real estate at tax lien auction
Replies: 7
Views: 675

Re: Buying real estate at tax lien auction

Yes...lots of moving parts. But...this is my understand of tax lien sales. (Tell me if I'm wrong): 1.) Taxes go unpaid for 10 months (in my state) 2.) In October, the tax lien sale is had...where individuals can buy the lien. 3.) The original property owner has 1 year to pay the lien. 4.) In most ca...
by renue74
Wed Mar 20, 2019 8:10 am
Forum: Personal Finance (Not Investing)
Topic: College for average kids
Replies: 72
Views: 4782

Re: College for average kids

... In fairness, I should point out that since 9/11, there have unfortunately been a lot of kids, particularly in the Army and Marine Corps, for whom the military has not turned out as well. People get killed, injured, suffer from PTSD and develop addictions. The military exists primarily to be a w...
by renue74
Tue Mar 19, 2019 3:22 pm
Forum: Personal Finance (Not Investing)
Topic: College for average kids
Replies: 72
Views: 4782

Re: College for average kids

When DS was in the early part of 8th or 9th grade, we got invited to a conference with one of his teachers due to low grades. When we arrived we were met by all of his teachers and the librarian. The librarian was the only one who wasn't critical of his performance; the others all complained that h...
by renue74
Tue Mar 19, 2019 3:10 pm
Forum: Personal Finance (Not Investing)
Topic: College for average kids
Replies: 72
Views: 4782

Re: College for average kids

What does he enjoy doing? That seems like a fair place to start thinking. Would he be interested in teaching and coaching track/CC in high school? I have a number of friends from high school who were marginal students at best and who are now HS teachers. You hit it. My oldest has found a "niche," i...
by renue74
Tue Mar 19, 2019 3:05 pm
Forum: Personal Finance (Not Investing)
Topic: College for average kids
Replies: 72
Views: 4782

Re: College for average kids

MY oldest rebelled at school from age 10 on. He just did not like setting and listening to teachers. He got Bs and Cs. He did not have any idea what he wanted to do after high school. He go into our state school out of town but goofed off and got bad grades. So he went on probation and came home. I...
by renue74
Tue Mar 19, 2019 2:40 pm
Forum: Personal Finance (Not Investing)
Topic: College for average kids
Replies: 72
Views: 4782

Re: College for average kids

Our oldest is the one who is probably barely college material. He's the one we are looking at steering towards the military or firefighting academy. Don't forget the trades as an option as well. There is a huge shortage of skilled tradespeople and jobs will be plentiful for the long foreseeable fut...
by renue74
Tue Mar 19, 2019 2:10 pm
Forum: Personal Finance (Not Investing)
Topic: College for average kids
Replies: 72
Views: 4782

College for average kids

We all wished we had academically stellar kids, but sometimes it just doesn't work out. I have two kids...one is great academically and will end up going to a state university for an engineering degree. The other is my average kid. (Low B, High C Grades), but he excels at cross country & track (Mayb...
by renue74
Tue Mar 19, 2019 7:55 am
Forum: Personal Consumer Issues
Topic: What are the purposes of your travels?
Replies: 60
Views: 3276

Re: What are the purposes of your travels?

It's funny you pose this question....I was thinking about it over the weekend. I'm 45 and we typically don't travel a ton, but we have been to many states, Europe, Canada, & Mexico. It seems like every time there is a travel question, you'll get the occasional scrooge you says, "I don't see much poi...
by renue74
Thu Mar 14, 2019 8:07 am
Forum: Personal Investments
Topic: Can i rely on rental property?
Replies: 64
Views: 5324

Re: Can i rely on rental property?

Here's the deal....nobody says it, but it needs to be said: People are inherently dirty. Tenants even more so. If you buy a rental property, you ensure the systems are working properly (plumbing, HVAC, electrical)...and leave it alone. If you make it nice, it won't be nice in 5 years. I live in an ...