Search found 1196 matches

by renue74
Sat Dec 15, 2018 10:26 am
Forum: Personal Consumer Issues
Topic: Furnace in rental has issues with out-of-warranty parts, replace or repair?
Replies: 15
Views: 858

Re: Furnace in rental has issues with out-of-warranty parts, replace or repair?

I own 5 rentals. HVAC companies always make a better margin on new home installs than piece mill repair work. 90% of the time, they will tell you to replace...unless it's an easy fix like a blower motor or capacitor.

Get a 2nd and 3rd HVAC quote.
by renue74
Thu Dec 13, 2018 4:37 pm
Forum: Personal Consumer Issues
Topic: Who else is doing home automation?
Replies: 64
Views: 3396

Re: Who else is doing home automation?

We have a full time AirBnB property that is about 10 minutes from our primary home. I installed CAT6 cable throughout, SamSung SmarThings hub, NEST Thermostat, Alexa (in kitchen), and 2 ReoLink POE wired cameras at each door entrance. Motion detectors in the hallway and kitchen. It's a "selling" fea...
by renue74
Tue Dec 11, 2018 11:24 am
Forum: Personal Consumer Issues
Topic: To each his own ( I guess ) [Opinions of traveling in retirement]
Replies: 109
Views: 7719

Re: To each his own ( I guess ) [Opinions of traveling in retirement]

Call us uncultured but neither of us seem to have much interest in Europe. Same probably goes for Asia. I wouldn't mind taking the Canadian rail trip from B.C. to the Banff area. Or re-visiting some things in the Southwest that fascinated me as a child ( Carlsbad Caverns etc ). Are we nuts? I think...
by renue74
Tue Dec 11, 2018 11:13 am
Forum: Investing - Help with Personal Investments
Topic: Motley Fools is now for fools only?.....RIP
Replies: 30
Views: 6635

Re: Motley Fools is now for fools only?.....RIP

They've been doing those for a few years now. In marketing, it's called "advertorials." A quiet way to distribute marketing messages via something that looks like objective editorial. I've followed them for a while, but never bought into a MF subscription to anything. The original guys were UNC grad...
by renue74
Mon Dec 10, 2018 3:19 pm
Forum: Personal Consumer Issues
Topic: portable jump starters
Replies: 58
Views: 3984

Re: portable jump starters

I have one and used it 2x on my SUV. Works fine. I think it's a Duracell unit I got at Home Depot. I also used it on my riding lawnmower. My mower's battery sucks. Even after buying a new battery...in the fall when it's cooler and I use the mower less, the battery will die. I used it a couple times ...
by renue74
Thu Dec 06, 2018 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: What are your property taxes?
Replies: 359
Views: 20483

Re: What are others paying for property taxes around the US?

This question was asked before and there's a rather extensive chain of responses. You may want to search the forum.

BTW... we pay $1800/year for a $300K house in SC. Of course, we have the worst roads in the USA.
by renue74
Thu Dec 06, 2018 12:01 am
Forum: Investing - Help with Personal Investments
Topic: In a Bear Market, What Are Some Best Practices
Replies: 53
Views: 6843

Re: In a Bear Market, What Are Some Best Practices

OP, 1) Do you plan for unemployment? If yes, for how long? 2) Do you set a limit on your rebalancing? Aka, I will rebalance until my fixed income is equal to X years of expense. Then, I will not rebalance. 3) Normally, bear market and recession come together. So, your plan should be for you to surv...
by renue74
Wed Dec 05, 2018 4:07 pm
Forum: Personal Consumer Issues
Topic: Quality Kitchen Faucet Recommendations?
Replies: 36
Views: 2763

Re: Quality Kitchen Faucet Recommendations?

I just did a whole renovation on an Airbnb property we own. We installed Moen in the kitchen and one bathroom. The 2nd bathroom, my wife chose some Delta faucets. I will say the Moen units seem more "substantial." I installed them and connected to the supply lines. They are heavier and their install...
by renue74
Wed Dec 05, 2018 4:03 pm
Forum: Investing - Help with Personal Investments
Topic: In a Bear Market, What Are Some Best Practices
Replies: 53
Views: 6843

In a Bear Market, What Are Some Best Practices

I'll be honest. I started investing in January 1997 and really didn't focus on it until 2013 when I sold a business. I haven't "actively" witnessed a bull market where a significant portion of my worth was tied to the market. Yes...I went through the 2008 recession, but only a small amount of worth ...
by renue74
Mon Nov 26, 2018 2:33 pm
Forum: Personal Consumer Issues
Topic: Name something you had to have and now you regret purchasing it?
Replies: 444
Views: 54408

Re: Name something you had to have and now you regret purchasing it?

A few years ago I was mtn biking and decided to give road biking a test. I enjoyed it for about 2 years and was averaging 100 to 150 miles per week. Then...as with many hobby's...things got in the way. Winter, buying rental property, kid's activities on the weekends, etc. Plus, there's been a rash o...
by renue74
Mon Nov 26, 2018 10:56 am
Forum: Personal Consumer Issues
Topic: Home security system and outside cameras
Replies: 23
Views: 3733

Re: Home security system and outside cameras

On an Airbnb property we own, I use 2 wired REOlink 4K cameras. The each have SD cards and I don't pay a monthly subscription. The 4K resolution is nice and I see from their site, they have plenty of wifi and solar powered options as well. I also use Samsung SmarThings with door and motion sensors f...
by renue74
Mon Nov 26, 2018 10:43 am
Forum: Personal Finance (Not Investing)
Topic: Real Estate upon death
Replies: 33
Views: 2032

Re: Real Estate upon death

It's a legal question and best to approach your attorney about. But, I will note that since the estate has heirs, they would take a higher level of claim to the property than a "squatter." The first thing I would be concerned with is the actual will. I see a lot of people who say they "will leave X,...
by renue74
Sat Nov 24, 2018 11:44 pm
Forum: Personal Finance (Not Investing)
Topic: New “career” after business life?
Replies: 4
Views: 1171

Re: New “career” after business life?

I’m in a very similar position. Age 44. Have owned my own business for 20 years. Last year started hating it. Hating clients. Etc. I have a wife who is a teacher (insurance through her)...she makes $55k/year. We have several rental properties, Airbnb, and a couple seller financed mortgage notes that...
by renue74
Wed Nov 21, 2018 9:30 pm
Forum: Personal Consumer Issues
Topic: Landlords: Where do you buy your fridges?
Replies: 15
Views: 2399

Re: Landlords: Where do you buy your fridges?

Craigslist. It’s a gamble, but I try to judge the transaction by the people I deal with and their circumstance. “We’ve upgraded our kitchen and we just want to get this out.” Yes...I’ll bite. Typically my rentals get $200 fridges and I rarely have issues. The basic fridges are also easier to work on.
by renue74
Tue Nov 20, 2018 8:32 am
Forum: Personal Consumer Issues
Topic: Parents wants to sell apartment triplex
Replies: 7
Views: 1290

Re: Parents wants to sell apartment triplex

I looked at buying a quadplex apartment in my town last year. There are only about 10 individually owned apartments similar to that in the area. The apartment was marketed by a commercial broker. They supplied operating P&L statements and it was professionally managed. The owner had died and the fam...
by renue74
Mon Nov 12, 2018 1:57 pm
Forum: Personal Consumer Issues
Topic: How to get rid of palmettos [Palmetto bugs]
Replies: 15
Views: 2245

Re: How to get rid of..........

We have them too in SC. In fact, last week, I had seen 2 of them at one of our Airbnb properties. I use Invict roach gel and after about a week, I don't see them. I bought this: https://store.doyourownpestcontrol.com/invict-gold-roach-bait-gel-kit The Tekko Pro in the kit will their reproductive abi...
by renue74
Thu Nov 08, 2018 2:25 pm
Forum: Investing - Help with Personal Investments
Topic: Are We In A Real Estate Bubble?
Replies: 112
Views: 13614

Re: Are We In A Real Estate Bubble?

Sales tend to flatten in the fall/winter any ways. Bidding wars on homes in my area have been around for a couple years...which was not the case in the early 2000s. Because supply then was much larger. I will say that I feel like more "millennials" I know are actually looking into home ownership. (a...
by renue74
Tue Nov 06, 2018 11:48 am
Forum: Personal Finance (Not Investing)
Topic: Buying a used car
Replies: 31
Views: 1857

Re: Buying a used car

Thanks. I am interested in the below. 1. Pre-Owned Four Door SUV 2. Most reliable, lowest anticipated maintenance costs for 5 years 3. Based on #2, would love to hear recommendations on brands and mileage, year which would best accomplish #2. Concerning my Pathfinder comment, my last two cars have ...
by renue74
Tue Nov 06, 2018 11:42 am
Forum: Personal Consumer Issues
Topic: Car rentals, what is the catch?
Replies: 46
Views: 5431

Re: Car rentals, what is the catch?

I've paid $10/day for a car from a national chain. I think I had business in Detroit one time and that was the deal. Like others said, I would stick with a national chain. The "experience" of dealing with them is about 10 minutes in a crumby waiting area. I have used the no-name places before...if I...
by renue74
Tue Nov 06, 2018 11:35 am
Forum: Personal Finance (Not Investing)
Topic: Buying a used car
Replies: 31
Views: 1857

Re: Buying a used car

I'm with you. I hate cars. I hate researching cars. I'm not a car person and could care less about the horsepower or # of cylinders in one. Since 1992, I've owned 4 cars. (There was a 5th, but I disowned that one) All my cars have been Hondas, except for that 5th one a VW Passat station wagon. (I ha...
by renue74
Thu Nov 01, 2018 8:57 am
Forum: Investing - Help with Personal Investments
Topic: Can I retire??
Replies: 26
Views: 3139

Re: Can I retire??

I own a small web design firm (with 2 employees). On my weekends, I have rental properties, an AirBnB, and the occasional flip house I rennovate. I actually started doing some remodel work on the "side," for folks I find on Nextdoor.com and through word of mouth. I do it because I love it. It makes ...
by renue74
Wed Oct 31, 2018 3:56 pm
Forum: Investing - Help with Personal Investments
Topic: Can I retire??
Replies: 26
Views: 3139

Re: Can I retire??

Yes. Retire. Enjoy the rest of your life doing things you want to do, when you want to do them.
by renue74
Tue Oct 30, 2018 2:12 pm
Forum: Personal Consumer Issues
Topic: If you just track NW on a spreadsheet....isn't that sufficient?
Replies: 18
Views: 2031

Re: If you just track NW on a spreadsheet....isn't that sufficient?

I track my portfolio in a google sheet. Then have extra tabs. (Contributions) - list of contributions/withdrawals by calendar year. I use that for XIRR. (Historical) - at Dec. 31 of each year, I add a list of all investment account balances. (Retirement Projection) - If/then type of sheet. Based on ...
by renue74
Mon Oct 29, 2018 1:24 pm
Forum: Investing - Help with Personal Investments
Topic: 529 Asset Allocation question
Replies: 7
Views: 686

Re: 529 Asset Allocation question

We live in SC and I started my kid's 529 Plans the month they were born as well. The plan has an age based system with aggressive, moderate, and conservative allocations. This was in 2002 and 2005....but way back then, I had set it to the aggressive growth age based plan. I think your kids have time...
by renue74
Mon Oct 29, 2018 10:00 am
Forum: Personal Consumer Issues
Topic: Advise on getting a cheap new flooring
Replies: 21
Views: 1948

Re: Advise on getting a cheap new flooring

LVT is the way to go for rentals. Don't skimp on the cheaper LVT because it's thinner and not as durable. Go mid-level. An installer can do your project in 2 days or so. If you do it, it'll probably take a month of weekends. If you go with carpet, we see it as having a life span of 1 - 2 tenants. At...
by renue74
Fri Oct 26, 2018 3:11 pm
Forum: Personal Consumer Issues
Topic: New Sink Drain Leaking
Replies: 15
Views: 996

Re: New Sink Drain Leaking

If Bathroom sink...there's usually a black angular looking gasket that fits snuggly at the bottom of the drain. This means you haven't tightened the drain assembly enough. Use channel locks and tighten....making sure the drain assembly threads are not misaligned. I had this this happen with me on 2 ...
by renue74
Fri Oct 26, 2018 8:51 am
Forum: Personal Consumer Issues
Topic: New Sink Drain Leaking
Replies: 15
Views: 996

Re: New Sink Drain Leaking

2 Things: 1.) Yes...roll the plumbers putty up and put it around the top flange of the drain (above the sink hole)....like others say. 2.) Typically, I will also take some plumbers tape and wrap around the threads below the drain assembly. Somebody just turned me on to "Teflon Pipe Sealant," which i...
by renue74
Fri Oct 26, 2018 8:45 am
Forum: Personal Consumer Issues
Topic: Unplugging from Tech Tips
Replies: 38
Views: 2960

Re: Unplugging from Tech Tips

I own a small web design firm and am constantly on my iPhone throughout the week. Plus, I have rental houses and an AirBnb...so I try to be accessible ALL the time to everybody. But, on the weekend, I do remodel work. This weekend, I'm spraying/painting exterior trim and roofing a small back porch r...
by renue74
Wed Oct 24, 2018 1:53 pm
Forum: Investing - Help with Personal Investments
Topic: Considering Leaving Vanguard [due to incompatibility with Mint]
Replies: 8
Views: 978

Re: Considering Leaving Vanguard

If you have issues with Mint, you can contact them via chat.

https://help.mint.com/Known-Issues/9072 ... kerage.htm

They may be able help.
by renue74
Tue Oct 23, 2018 7:51 am
Forum: Personal Consumer Issues
Topic: Apple TV vs Roku
Replies: 14
Views: 1226

Re: Apple TV vs Roku

We have both. Apple TV has a better interface.

We typically use Playstation VUE for our main "TV" watching app. We can watch CNN, HGTV, local channels, etc. on VUE....and it has a DVR option, so I can "record" favorite channels. But, we don't watch a ton of TV.
by renue74
Tue Oct 23, 2018 7:48 am
Forum: Personal Finance (Not Investing)
Topic: Empty nester downsizing - any advice?
Replies: 63
Views: 7766

Re: Empty nester downsizing - any advice?

I think the others have given great advice. I'm only 44, so we are about 6 years from being empty nesters. But, I did want to chime in on storage space. It seems like I read that the USA is the only major country that invests in mini-storage. Everybody else in the world uses what they own. I had a s...
by renue74
Mon Oct 22, 2018 2:51 pm
Forum: Personal Finance (Not Investing)
Topic: House has major repair issues right after buying... options
Replies: 27
Views: 2326

Re: House has major repair issues right after buying... options

I rehab rental houses and have installed many showers. 1.) Home inspector would not have caught that. 2.) The best practice would be to install cement fiber board + waterproofing agent coating....then mortar/tile over that. The cost of #2 is only slightly more than regular drywall. Cement fiber boar...
by renue74
Wed Oct 17, 2018 1:21 pm
Forum: Personal Consumer Issues
Topic: Personal Adventure - recommendations
Replies: 97
Views: 6315

Re: Personal Adventure - recommendations

I looked into this a couple years ago, but never did it. A 418 km bike trail from Lake Constance (Germany) to Salzberg. Bodensee-Königssee Cycle Path https://www.bodensee-koenigssee-radweg.de/de/startseite It's a nice path through the northern part of Bavaria....so it's not extremely difficult and t...
by renue74
Mon Oct 15, 2018 10:13 pm
Forum: Personal Consumer Issues
Topic: Maui - Ka'anapali Beach Hotel
Replies: 15
Views: 2067

Re: Maui - Ka'anapali Beach Hotel

We went to Maui in July. Stayed at the grand Wailela for 3 nights and then an Airbnb condo for 5 nights, I used points for the hotel stay. The water park was nice, but the hotel was just OK. We loved the Airbnb. I think we paid $150/night. Would do it again. Close to food, grocery store, beach. Had ...
by renue74
Mon Oct 15, 2018 5:35 pm
Forum: Personal Consumer Issues
Topic: White LED Christmas Lights
Replies: 7
Views: 945

Re: White LED Christmas Lights

I don't have an opinion on specific brands, but I will suggest purchasing MORE than you need and if you get a bad batch...you have backups because it will be difficult to color match them exactly.
by renue74
Wed Oct 10, 2018 2:06 pm
Forum: Investing - Theory, News & General
Topic: Timber as an alternative - didn't work so well...
Replies: 34
Views: 5529

Re: Timber as an alternative - didn't work so well...

My inlaws have 99 acres in the south. They are within 5 minutes of a wood yard (central location that logging trucks bring harvest logs). This year they cut out 30 acres and the payoff was horrible. They didn't plant the pine, but had purchased the land next to their land...because they like to have...
by renue74
Tue Oct 09, 2018 1:45 pm
Forum: Personal Consumer Issues
Topic: Smarthome system that is local
Replies: 17
Views: 1399

Re: Smarthome system that is local

I just installed Samsung Smartthings in an AirBnB. I added z-wave light switches to all public lighting (kitchen, hall, laundry, mudroom, living room, porch lights). Lack of outside internet connection can limit your ability to do things. I love that I can check if a light is on and turn it off from...
by renue74
Mon Oct 08, 2018 3:09 pm
Forum: Investing - Help with Personal Investments
Topic: YAFEJT- Yet Another Fleeing Edward Jones Thread
Replies: 6
Views: 729

Re: YAFEJT- Yet Another Fleeing Edward Jones Thread

"See everything at once." • You could use one of those portfolio sites like SigFig or Personal Capital that consolidates your accounts. • At one point, I know Vanguard had a way to add outside accounts (manually). I did that but lost track of it in my vanguard account. I actually use Google Sheets a...
by renue74
Mon Oct 08, 2018 2:13 pm
Forum: Personal Finance (Not Investing)
Topic: Apartment 50% of assets
Replies: 21
Views: 1948

Re: Apartment 50% of assets

I don't wish to rely on the value of my rental property to sway the way I invest. I already converted to index investing in 2015 after I found this forum and have a conservative 65/35 allocation at age 44. I look at the real estate portion of my portfolio as the "over the top" part. If one day, I de...
by renue74
Mon Oct 08, 2018 1:59 pm
Forum: Personal Consumer Issues
Topic: Renovation vs. Move
Replies: 11
Views: 863

Re: Renovation vs. Move

As a side gig, I buy and renovate homes (rental property, flips, & recently Airbnbs). A few points: • The estimate will always be lower than the actual cost of the reno. Always. Be prepared to 10-20% more. • Remodeling is one of the most stressful times in a married couples lives. Google it. You'll ...
by renue74
Mon Oct 08, 2018 1:52 pm
Forum: Personal Finance (Not Investing)
Topic: Apartment 50% of assets
Replies: 21
Views: 1948

Re: Apartment 50% of assets

A large portion of my net worth is tied up in rental homes and an airbnb. All of them have no mortgages. I don't change my mutual fund investments because of this. When I calculate our portfolio, I simply add the "market rate" of the properties...but I do it with more conservative estimate. At some ...
by renue74
Mon Oct 08, 2018 1:41 pm
Forum: Personal Consumer Issues
Topic: shingles or metal roof and open cell foam or cellulose
Replies: 2
Views: 362

Re: shingles or metal roof and open cell foam or cellulose

When you say "open cell foam," do you mean closed cell spray foam?
by renue74
Wed Oct 03, 2018 3:43 pm
Forum: Personal Finance (Not Investing)
Topic: Sold Home - 2 days after buyer claims they found an issue with A/C
Replies: 119
Views: 12052

Re: Sold Home - 2 days after buyer claims they found an issue with A/C

In our state, there is a legal document seller disclosure form.... "To my knowlegdge, .... blah, blah, blah" about each mechanical and foundation item in the house. HVAC is one of them. Basically, asking do you know if the HVAC system is broken or not. I buy a lot of rental houses and 99% of the tim...
by renue74
Wed Oct 03, 2018 2:12 pm
Forum: Investing - Help with Personal Investments
Topic: Yet Another "Can I Retire Yet" Thread
Replies: 40
Views: 4893

Re: Yet Another "Can I Retire Yet" Thread

If you've dreamed about it, churned the numbers, etc. You've planned it.

Do it and if you don't like it, find a fun job or part time gig to do.
by renue74
Mon Oct 01, 2018 1:15 pm
Forum: Personal Finance (Not Investing)
Topic: Why is Home Part of NW [Net Worth]
Replies: 98
Views: 6890

Re: Why is Home Part of NW [Net Worth]

We live in a LCOL area and our home is not worth a lot, but if we ever downsized or moved to a different area...I think that we would find a comparable costing home...so we don't really count a house as part of net worth. We do have 4 rental properties that account for about $465K of our worth (with...
by renue74
Thu Sep 27, 2018 2:16 pm
Forum: Personal Consumer Issues
Topic: Am I the only one...[using multiple accounts]
Replies: 27
Views: 1445

Re: Am I the only one...

We only have our Vanguard accounts, separate checking accounts, and one money market account. (Kids have separate state sponsored 529 accounts.)

Simplicity works for us.

As far as an emergency fund, we could pull from investments.
by renue74
Thu Sep 27, 2018 7:01 am
Forum: Personal Consumer Issues
Topic: Good flip flops
Replies: 46
Views: 3515

Re: Good flip flops

Reef flip flops. I bought one pair last summer and my kids took them over. So I ended up buying a 2nd pair this summer.

https://www.amazon.com/gp/product/B00KY ... UTF8&psc=1
by renue74
Mon Sep 24, 2018 8:24 pm
Forum: Personal Finance (Not Investing)
Topic: Changing careers (changing gears) - Can I?
Replies: 10
Views: 1069

Re: Changing careers (changing gears) - Can I?

Is there a way you can modify your current gig to make more enjoyable (and maybe less profitable)? How about paying a little bit more, delegating client relationships and other less desirable activities? Work your way out of the business to part time but still maintain some residual cash flow. I ac...
by renue74
Mon Sep 24, 2018 6:22 pm
Forum: Personal Consumer Issues
Topic: $450 for 1.5 hour plumbing job normal?
Replies: 30
Views: 3445

Re: $450 for 1.5 hour plumbing job normal?

I licensed plumber who does stuff occasionally for my rental properties charges $85/hr., plus supplies. $450 was way too much. On a side note, I had a new kitchen sink and disposal to get installed. My guy was super busy last week and I called another guy (I got his contact from Nextdoor), and he sh...
by renue74
Mon Sep 24, 2018 10:47 am
Forum: Personal Finance (Not Investing)
Topic: Changing careers (changing gears) - Can I?
Replies: 10
Views: 1069

Re: Changing careers (changing gears) - Can I?

Portfolio: $1.6M (Not including 529 Plans) Net Worth: $2.5M Note: Wife (48) is a teacher with state pension and family healthcare. $50K/year Me (44) small business owner, salary fluctuates...averages. $50K/year :shock: That's amazing networth on $100k income. Your passive income generates about wha...