 Confused new landlord... (by Flossie [RI]) Sep 25, 2018 11:40 AM
 Confused new landlord... (by plenty [MO]) Sep 25, 2018 12:44 PM
Confused new landlord... (by Lynda [TX]) Sep 25, 2018 1:17 PM
Confused new landlord... (by Lynda [TX]) Sep 25, 2018 1:17 PM
Confused new landlord... (by don [PA]) Sep 25, 2018 2:13 PM
Confused new landlord... (by AllyM [NJ]) Sep 25, 2018 4:10 PM
Confused new landlord... (by GKARL [PA]) Sep 25, 2018 4:41 PM
Confused new landlord... (by Flossie [RI]) Posted on: Sep 25, 2018 11:40 AM
Message:
Having recently bought my first multi family, and am now facing the upcoming Winter season with three 20 year old Peerless hot water gas heaters, I have begun to realize how vulnerable I could be if one or more of them happen to fail. When the mortgage company rep did his "positive" evaluation, he did little more than turn them on and off until the radiators heated up, adding that their was "not God and that there was just no way to predict how many more years these well made Peerless heaters will last." and that gas boilers don't require much annual maintainance." etc
Accordingly, will someone out there with experience with such boilers "in good condition" respond to the above information and give me some guidance?
Many Thankyous!
Flossie
--173.48.xxx.xxx |
Confused new landlord... (by plenty [MO]) Posted on: Sep 25, 2018 12:44 PM
Message:
My theory is the old stuff is better than the new stuff and dont place it until you have too. --99.203.xx.xxx |
Confused new landlord... (by Lynda [TX]) Posted on: Sep 25, 2018 1:17 PM
Message:
I agree w/Plenty. My advise would be to buy one every time you find a great deal, and store them till actually needed. Then once you know you have a back up or 2, keep the old ones in place and working. Let them work--till they don't. Then you have a discounted unit to immediately replace it with. Also look into shops that buy used metal and get a few more dollars out of the broken one!
As a new LL, you will soon find that you need a storage area as you start your advance planning, and use the same method for other issues. Example: measure the interior doors (most of them shd be identical in a 4plex). Then if you see a great deal--buy an extra door or 2. --108.87.xx.xxx |
Confused new landlord... (by Lynda [TX]) Posted on: Sep 25, 2018 1:17 PM
Message:
I agree w/Plenty. My advise would be to buy one every time you find a great deal, and store them till actually needed. Then once you know you have a back up or 2, keep the old ones in place and working. Let them work--till they don't. Then you have a discounted unit to immediately replace it with. Also look into shops that buy used metal and get a few more dollars out of the broken one!
As a new LL, you will soon find that you need a storage area as you start your advance planning, and use the same method for other issues. Example: measure the interior doors (most of them shd be identical in a 4plex). Then if you see a great deal--buy an extra door or 2. --108.87.xx.xxx |
Confused new landlord... (by don [PA]) Posted on: Sep 25, 2018 2:13 PM
Message:
Storage costs money, one way or another, and keeping equipment in inventory costs money. If you are carrying any type of loan with interest, using money to stock inventory for long periods probably not worth it.
I don't stock up at a discount, but I do hoard leftover supplies and trash finds. Even what I do does not make sense. If I emptied my little garage I could rent it to someone with motorcycles for around $200/month. In not too many months, that would exceed the value of the tile, trim, toilets, etc. that I have stashed in it. --70.90.xx.xxx |
Confused new landlord... (by AllyM [NJ]) Posted on: Sep 25, 2018 4:10 PM
Message:
I would have had a professional look at them before buying and make a lower offer based on the age. What I would do now is find the guy that fixes them when they break. Have him look at them and tell you which parts might go bad and have him stock a couple parts so he can fix them when they break. Have him set them up for winter and he will be your go to guy when they break. --73.178.xxx.xx |
Confused new landlord... (by GKARL [PA]) Posted on: Sep 25, 2018 4:41 PM
Message:
Hire a HVAC guy to come and take a look at them. I usually have mine serviced right at the beginning of heating season to make sure all is good to go. You need to keep your HVAC guy on speed dial during the season. --209.122.xx.xxx |
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