MarketRef
@MarketReferee
Followers
2,271
Following
772
Media
939
Statuses
12,054
professional can of worms opener / shooter of trouble / two-time dad
Cleveland, OH
Joined June 2021
Don't wanna be here?
Send us removal request.
Explore trending content on Musk Viewer
Walz
• 5088965 Tweets
YouTube,YouTube
• 3208617 Tweets
Minnesota
• 1305204 Tweets
Vance
• 658007 Tweets
Minneapolis
• 459483 Tweets
National Guard
• 369869 Tweets
Iraq
• 314290 Tweets
Alberto
• 228219 Tweets
#TamponTim
• 209256 Tweets
Espanha
• 172601 Tweets
Tampons
• 167370 Tweets
Drake
• 149501 Tweets
Fabiola
• 122974 Tweets
Marta
• 110098 Tweets
Philly
• 87494 Tweets
Lorena
• 45865 Tweets
MIND YOUR OWN DAMN BUSINESS
• 36195 Tweets
#ラヴィット
• 31575 Tweets
Sterling
• 25500 Tweets
Mudryk
• 23833 Tweets
Brahim
• 15697 Tweets
スキャンダル
• 13259 Tweets
バナナの日
• 12146 Tweets
Madueke
• 11114 Tweets
Paradigm
• 10390 Tweets
Lewandowski
• 10039 Tweets
Leao
• 10034 Tweets
Pinned Tweet
A lot of new followers lately, here’s a bit about my path:
-grew up as a slacker / hated school / father was outcast-hustler in the burbs, always made a living doing something different (narrator, started car magazine)
-got a marketing degree, worked in radio for a bit,
10
1
54
My wife has a friend who predictably ALWAYS has the extreme left political take on just about every issue without fail.
Currently, this person owns a couple rentals and is now fortunate enough to have a tenant who decided they didn’t want to pay rent anymore.
I’m now
311
282
8K
@RobertMSterling
@BillAckman
This is a level of public entertainment I have never seen before.
27
32
2K
“Wait so you’re saying I still have to pay my bills but they get to just sit there and wait for a judge to kick them out? NOT FAIR!”
14
18
2K
“I just feel so anxious, like someone has invaded my space”
“They shouldn’t be allowed to do this”
“Her boyfriend is crazy, he’s making her not pay, I know it”
7
14
1K
Her: “what would you do?”
Me: “I’d post a 30 day notice to pay or quit, not accept partial payment, only accept full payment within the next 24 hrs, and if they don’t pay, post a 3 day eviction notice at the end of the 30 day notice period…like I always do”
Her: “but what if
23
6
769
@EricRWeinstein
This is flagrant. Do they not know this is a clear 1st amendment violation?
16
5
536
Curious if your contractors are actually working on your job?
Have your lockbox code changed and don't tell them.
They'll call you when they show up for access.
46
15
428
Painted this pig.
Prob paint the door soon as well.
Thoughts?
114
0
280
@twotenths
Because evictions are not immediate and cost a good deal of money.
This is my personal opinion though, some do take full payment on day 29, just not me.
I don’t like hiring a lawyer, paying filing fees, then letting the tenant off the hook after some terrible behavior.
6
1
232
Just found my neighbor makes $1.9m/yr in retirement.
I didn't think doctors made that much.
What am I missing?
87
10
222
@EricRWeinstein
"Fascism is a form of far-right, authoritarian ultranationalism characterized by dictatorial power, forcible suppression of opposition, and strong regimentation of society and the economy that rose to prominence in early 20th-century Europe." Sounds more like the modern Left.
20
8
210
@Molson_Hart
I hate to be that guy, but this is the usefulness of crypto.
Who cares what the asset is, just the 24/7 ability to transact seems like a no brainer.
26
0
208
@twotenths
Don’t know what’s gotten into her. She’s going down the slippery slope of becoming a homeless manufacturer oppressor. NOT GOOD!
0
0
208
Responses from cold calling property owners:
$1M+properties:
-Not selling, ok to call back
-Passing on to kids
-Can't sell, this thing is a cash cow
$300K and below:
-where do you live, I'm going to murder your family
-yea I'll sell for $1.5M
-I don't sell to investors
18
8
209
I sent a text about a rent raise.
I get this image back.
Touche
24
1
183
Did you know:
Masons make more per hour than senior partners at prestigious law firms?
Guess the price for repair, the closest guess gets to help me pay for it.
101
4
180
Just got an application for someone with 11 past evictions.
11.
73
3
181
If you're an investor in 1-4 unit properties and quit claimed from your personal name into an LLC after getting debt on that property, I'd be pooping my pants right now.
44
7
172
Serious question:
Some of you willingly post an edge you’ve found in the market.
Why?
78
2
161
Just a heads up to 𝕏 that I’m about to commit blasphemy and paint these floors.
$.25/SF (paint) vs $5/SF (to refinish)
Stay tuned as I dodge lightning strikes and falling anvils to get this job done.
100
1
146
Am I insane for wanting to rent a unit to a tenant who works for a tenant rights org?
153
0
145
The saga of subsidized housing.
I have a tenant on social security paying me $800/mo in desperate need of cheaper housing. This unit is worth $1300/mo at the market rate right now.
I explained I could assist him with moving, money, whatever he needed, however, my only
19
2
140
Welcome to residential deals. They're highly emotional and stupid.
24
3
129
@girdley
People posting my Zillow rental listing on FB, collecting $70/per application and pocketing the money.
Much easier biz than leasing.
7
2
124
@atomicMAD
@wanyeburkett
What else can I do? We argue a lot about politics but it’s a nice to put your beliefs to use in the real world from time to time.
It’s the small victories. I don’t wish her ill, but I’m not going to argue with her to change her mind. Just let gravity do it’s work.
1
0
111
@Allentownmike
It's a matter of communication. If you're able to work something out before or on the due date I'm 1000X easier to deal with.
If a tenant doesnt communicate anything and is late on pmt, past the multiday grace period, its another story.
1
0
96
@ErikKaiser
Truly incredible. She’s now sounding like a thinking individual.
“You know, I have bills too! I can’t just stop paying them, they’ll take my house away!”
4
0
91
I can't help but think that the 30y mortgage isnt where this long term debt train stops.
Why not a 40y, 50y, 60y...80 year term?
Even at 7% it makes a house far more affordable.
64
1
82
@mu2myoc
Yikes. I’m over here with 12 units, no partners, 40% levered and you put the fear of god in me.
2
0
80
Dishwashers in 2/1’s and 1/1’s (apartments).
I think it’s a needless expense, more moving parts, tenants treat them like hell and won’t tell you if they leak…therefore I don’t provide them at all.
What say you?
104
1
66
@twotenths
Of course. I’ve never had a tenant hold out that long…they either have the $ or don’t.
The court can always overrule the contract or even the law…but that’s the risk you run.
I would do everything in my power to legally get that tenant out and accepting rent is the opposite
2
1
65
@shawngorham
Nah. That’s about right if he has the skill. There’s value in someone knowing how to get it done the first time.
3
0
65
@jayvasdigital
There are only two jobs that exist.
1.babysitter - taking care of others
2. dentist - pulling teeth
2
1
60
Hired a new contractor this morn:
-showed up on time
-provided copy of insurance
-delivered a quote w/detailed line items
-the right price
-scheduled work on calendar
In all honesty he could execute 5/10 skill and still be in the top 1% of contractors.
6
0
58
My plan for the next 24 months:
1. Spend time with family
2. Cold call 20-40unit apartment building owners
3. Slowly renovate current units and raise rents to market
7
2
54
My brain exploded a couple days ago listening to
@chernobelskiy
@CaseyMericle
@REExchangor
It took a couple sleep sessions for my brain to reform, but when it did, I think something clicked.
Here's an example of a creative deal concept they covered:
Learn all about deal structures, carrybacks, walking paper, and a ton more!
Recording below 👇
Thank you to
@CaseyMericle
and
@REExchangor
, and 345 (wow!) fellow friends for tuning in
6
7
62
15
6
51
@Wildlaw406
Higher rates and banks hurting more than ever.
Huge lever for mgmt to call due + potentially force refi, make more fees and restruct w/higher %/amt of debt (if asset appreciated).
6
0
51
@WomenPostingLs
If gender is a social construct, wouldn’t all countries be automatically equal?
2
0
48
Decision time:
Current tenant paying $835
1. Raise rent to $1,000, spend $0, no vacancy.
2. Spend $6,000 in rehab and raise rent to $1,200, lease to different tenant when ready + 1-2months vacancy.
1. Raise rent to $1k
2819
2. Spend $6k, rent $1.2k
2192
78
0
46
I have a tenant who won’t send me their address for their deposit return.
Send this screen shot or just forget it?
55
3
48
The allure of renting a bucket lift for $2k vs. Spending $10k for an arborist
Inner child might win this one.
20
0
45
@momoneymohit
Apparently this is just retirement compensation from a well known world class non-profit. It's head spinningly high. Additional 700k/yr in "other" comp.
11
0
39
Got a call for a broken fridge. I installed it new in 2019.
Tenant lost all their food and wanted me to reimburse.
Fair enough.
I went to check out the fridge before ordering a new one…it was unplugged.
6
1
39
@RealLifeRentals
People hate formal stuff. So I try to short circuit them:
Here's my script:
"Hey {persons first name}!"
Wait until they say something
"It's {my name}, what's up?"
They're confused or go into a subject
"Calling about {address}, wondering what the story was on it?"
4
1
39
@RealLifeRentals
Awesome.
I had the near literal opposite. Uncle was like “don’t worry about college, we got you covered”
Then nothing.
6
0
38
10pm on a Sunday, just wrapping up some tenant drama, here’s a quick play by play:
Tenant 1: drops phone on floor
Tenant 2 (lives under tenant 1): hits ceiling with broom handle.
Tenant 1: stomps
Tenant 2: stomps
Tenant 2: writes first letter of tenant 1’s name on an egg and
10
0
35
@moseskagan
The credit score / tenant quality parity makes me believe in the simulation theory.
1
0
35
In light of recent events, I’d like to commend
@creromans
for actually not being Jake.
Never forget
6
1
33
I'm not a construction guy, but over the last ~6-7yrs of REI I've had to figure out if I'm being bullshitted or not by GCs, plumbers, roofers, electricians....on & on.
The value of knowing how your investments physically work cannot be overstated.
Bullshit defense pays.
3
0
33
@JoshInEncinitas
I’ll give you a little hint on current developments:
They’re not going to be able to evict, start to finish in 72 hours.
Surprise!
1
0
31
Countertops and sink, $1430
Tipped the installers because they:
Showed up on time
Installed in 45min
Were polite
Are extremely consistent
Can use a tape measure
Do you tip contractors?
19
0
32
@RobertFaturechi
Going after the R's I see. Have to imagine there's almost no political figure who didn't make a trade on covid prior to March 2020.
58
0
28
Alot of new follows recently, who am I?
-Started RE in 2016 in rust-belt
-Acquisitions via cold calling
-Laser focused on brick quads
-full time RE since spring 2021
-Looking to trade assets & move into CRE MF in the next 1y-5y
-Currently stabilizing & sharing my journey
2
0
29
My wife just ordered a sofa that was more expensive than 6 of the 7 cars I’ve owned.
Expensive couch? Or cheap-ass cars?
30
0
31
Received rental application:
14x rent
809 credit
No evictions
Only question is "can I sell you a house?"
6
0
29
The final number was $2,143 all said & done.
55 guesses, the average guess was $17,842...Twitter, you sufficiently scared the crap out of me with those numbers.
My assessment of what it should cost in hindsight (if I wasn't such a price demon) ~$6,000 including rail.
Did you know:
Masons make more per hour than senior partners at prestigious law firms?
Guess the price for repair, the closest guess gets to help me pay for it.
101
4
180
6
0
31
No one gets a nice & shiny landlord reference like a tenant that you want out.
5 stars!
6
0
30
Wire hit, deal closed.
Feeling good.
Compiling new cold call list.
Let. Games. Begin.
6
0
31
@mu2myoc
CEO has been pissing into the abyss. Soon to learn that sometime the abyss pisses back.
1
0
26
What’s your best “landlord” synonym?
Front runner for me is “housing provider” rn.
39
2
27
@grahamfurlong
@DavidSacks
I don't think so. Building platforms is orders of magnitude more difficult than buying things.
1
2
25
@realEstateTrent
I worked today...mowed, tested an abandoned dryer, paid a tenant $200 for landscaping he just decided to do and made the property look way cleaner.
1
1
26
Alright, we made it.
$715/mo to $1295/mo
50hrs of my labor
$7,500 cost
Listing this evening.
Kitchen before/after
3
0
25
@mhp_guy
I was managing a bar and a regular came in one day:
Regular: dude i gotta get back to making $1M a year again
Me: haha
Reg: serious
Me: what do you do?
Reg: life coach
Me: *wondering why I was making $45k/yr working 60hr weeks*
1
1
25
Tip of the hat to
@BobLoukas
@canuck2usa
@BigCheds
@PeterLBrandt
You guys are putting out great work on BTCLive. Helps with added confidence on top of my own analysis. Cheers, really appreciate it.
4
0
24
@Levijameshere
Reminds me of my old grudge:
PM I vowed never to rent from bought a building I lived in.
I gave notice to moveout...everytime they had a showing I stuffed my bed w/pillows and put a wig at the head of the bed.
Denied it was me sleeping, because I was at work. PM was terrified
0
1
24
How I made $50k for 1 day of work at the height of the pandemic:
The immense fear of the unknown is a terrifying monster that can grip all of us. If you have an eye for opportunity and know your zone of competancy, you've got a shot at hitting home run...
1
0
22
Nothing like abandoned cars showing up overnight next to your apartments.
Merry Christmas.
16
0
25
I see we’re putting cutting boards under faucets now.
What gives?
26
0
25
2 months ago seller wanted $250k-260k for their house.
House needs: paint, floors, appliances, light bath/kitchen updates…maybe $20k in total Reno.
House two doors down, done to perfection, listed and sells for $245k
I called seller to show them and ask what price they might
11
0
25